JHS Associates

Case Study - Healthcare

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Year

2015-16-17

Sector

Healthcare

Region

Mumbai

Team Size

33

Scope

End to End Fixed Assets Management (FAM) Solution comprising of physical verification, variance identification, reconciliation of quantity & values with the books, updation of new FAM software, coding & tagging of assets and sharing a sustainability guidebook for future verification and management by the management

Approach

  • Study of existing SOP & FAR
  • Design & facilitation of Entity Level Controls
  • Design & Operating Effectiveness – Mega Processes
  • Suggesting remediation action for deficient controls
  • Process Owner and Board & Audit Committee sign-off
     

Delivery

  • Physical verification sheets
  • Updated Fixed Assets register tallying with above & books
  • Bar coded / Tagged assets
  • Location mapping in System

    • Value Added

  • Identified assets not recorded in the FAR worth lakhs
  • Did tagging of 26k+ assets
  • One time System entry
  • Identification of suspect cases of Frauds

    • Solution

    End to End Fixed Assets Management Solution

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