WE HELP ORGANIZATIONS BECOME MORE ETHICAL IN THEIR PURSUIT OF PROGRESS.
Millennial Advisory has been formed to reverse the damage caused by State Capture.
South African legislation, regulations and processes have been designed and implemented to ensure accountability, value for money and to serve South Africans, however the State Capture Project has used these exact rules to extract the money from the state.
What is needed is a return to the rule of law and respect for the fundamentals and adherence to the rule of law.
We are passionate about South Africa's development and want to partner with you to optimize the manner in which your organization deploys funds.
Bianca Goodson is an associate member of the Institute of Commercial Forensic Practitioners ("ICFP" ).
Millennial Advisory is listed as a supplier on National Treasury's Central Supplier Database ("CSD").
Our mission is to help businesses and organizations become more ethical in their vision to progress their business.
We specialize in cost management and practice a wholistic approach which involves your people, processes and systems.
We consider all elements of expense such as capital, working capital, stay in business capital, operating costs and mandatory liability provisions. We believe that no matter what your business specialty, expense is intended to either sustain or grow your business. Unwarranted expense destroys value and takes away from this intent.
In all that we do, we strive to optimize your processes to ensure that your cost base is ethically and proactively managed.
HISTORICAL SPEND AUDITS
Analyzing historical spending trends retrospectively, we will review your procurement process to ensure that the transaction/s were fully compliant with both internal processes and regulations. Feedback loops are created to ensure immediate learnings and start the process of continuous learning to ensure that past behavior does not reoccur to detriment of the organization. Inherent in our approach is strategic sourcing which considers supplier and commodity rationalization, leveraging economies of scale etc.
CURRENT AND PLANNED TRANSACTIONS
Procurement within the pipeline of projects, we will ensure the strictest compliance to internal processes, global best practices and regulations. Processes will be put in place to ensure strict adherence to the finalized contract until the end of the project lifecycle. Complex spend requires both stringent contract management and procurement management. If required, we will join your negotiations teams to ensure the best possible outcome for your business.
AUDITS INTO WASTEFUL AND FRUITLESS EXPENDITURE; IRREGULAR EXPENDITURE / FINANCIAL FORENSIC INVESTIGATIONS
Many auditing firms will identify such spend but will not go further and deep dive into the root cause of the expenditure. We will execute detailed analysis into these transactions and will identify the short comings in your existing processes and / or people to ensure that these expenditures are limited in future.
EXPENDITURE BENCHMARKING TO MITIGATE UNNECESSARY INCREASES IN ETCS
It is reasonable to expect some changes during the procurement process as specifications and risk mitigation measures become more defined it is possible that scope creep could result in increased ETCs. We have a team of global experts in techno-economics who derive fully inclusive businesses cases that ensure that all costs (capital, working capital, stay in business capital, operating costs and rehabilitation liabilities and contingencies) are catered for within the business case. We pride ourselves in knowing that our past estimates have been realized some two decades later in highly complex projects. This approach ensures that ETCs approved in accordance to your DoAs are pragmatic and reasonable ensuring that the leadership make the decision of least regret.
INTERNAL PROCESSES INCLUDING BUT NOT LIMITED TO PROCUREMENT; DOAS; INTERNAL AUDIT
Informed by your data, we will identify areas of weakness in your existing processes which have led to unwarranted expenditure. We will progress your existing processes, systems and people to ensure compliance with the strictest compliance to regulation, global and local best practices, and of the highest ethical basis.
Reviews of the human capital lifecycle: - selection, appointments, training, succession, development. We partner with human capital specialists to ensure that you have the right people in the right positions. As independent consultants, we will take over your human capital lifecycle for critical positions i.e. board and executive positions.