CFE, CII, FCIISCM, CATS, CCPS, CFAP
CFE, CII, FCIISCM, CATS, CCPS, CFAP
Associate Director - Financial Investigations
Over the years it has been noted that business transactions that have gone through a robust due diligence process in their lifecycle are always the most successful. Conducting due diligence essentially means determining the effectiveness of processes, infrastructure, systems, people background, appropriate financial information analysis, reputation in media and social media as well as identifying areas of emerging risks. All of these procedures will ultimately allow any organisation to maximise the value creation.
Typically, Due Diligence is done for business partners like:
Due diligence is done by an organisation to be ascertained about any prospective merger, partnership or acquisition.
The due diligence framework gives you a structured approach to research about the potential business relationship of the counterparty.
At various point of times every business needs to rely on third parties such as vendors, suppliers, and contractors. These third parties not only help the business in outsourcing their work and build business, but they also come quite handy in managing any kind of fluctuations in the operations of the business.
But of course, you and your business can reap all the benefits of associating with a third party when you have performed proper due diligence and found out that the third party is compliant to various rules and regulations and is worth the association. Lack of this compliance due diligence may put you and your company at the risk of fraud whose wrath will be suffered by you, your reputation and your business.
Keeping all these things in mind, there is no denial of the fact that third party due diligence and screening of company and policies of the vendor under consideration is very important. Without a thorough due diligence process any kind of association with any third party will give you a tough time in risk management of your company. Know More
Vendor Due Diligence services (VDD) refers to a complete and independent review of a vendor which may be a company/firm/ before a business transaction is being entered.
The Netrika Team is well experienced and provides a great Vendor Due Diligence review. We offer comfort by ensuring that your company is well placed for a business transaction and take an informed business decision.
Business owners benefit tremendously from having Vendor Due Diligence done. It provides valuable information to the stakeholders, which can be a key for the business transaction success. Some reasons why Vendor Due Diligence is essential:
Hence, Vendor Due Diligence optimises the offers’ quality and maximises the value of the business transactions. It helps in minimising response time and will far offset the costs involved.
Our team is well versed with experts in the below indicated fields of gathering critical information on the target’s sustainable economic earnings, key clients, sales activities, key personnel background, media presence & activity, location & asset tracing.
If you happen to be an entrepreneur or a purchase person who has his/her sights on the acquisition of a business, it is your right to inspect the financial records, and research that is company activity related. Due diligence services in India enters the picture at this point and ensures that related information is compiled. It also sees if there is a minimum average which will influence your ultimate decision regarding the acquisition or purchase. Know More
It is a careful examination of the potential or actual business partners of a company with the view that there may be a risk that these partners engage in illegal or dubious business practices.
Here the clients will be more interested in knowing the potential candidates- business acumen, team management, targets, ethics, integrity etc.
Mystery shopping is a procedure in which a hired person visits a retail store, a restaurant, a branch of a bank/NBFC or any business organisation to evaluate the quality of customer experience offered by the establishments. To discreet access that all the processes are followed properly or not. Companies hire us a mystery shopping company to aid their regular audits at the locations specified.
The due diligence with a primary focus to know the ethical behaviour, getting financial information, criminal background & court cases history, adverse media news, etc is done using a combination of various methods depending on each case requirement. The Standard operating process is as follow.
• Target Profiling based on Database searches (through paid websites and publicly available information) and other Open-Source Investigation Methods
• Discreet inquires by Internal & external calling on different pre-texts
• On-ground site visits & checks are carried out by expert market intelligence teams.
• Interviewing with a different set of people
We customise our offerings and approach on each case depending on the client requirements. Our processes are client-centric and take a partnership approach in solving the client problems as our own.