Drafting Policies and Procedures Manual
Drafting of Corporate Treasury and Trade Finance internal work flows and working policies and procedures manuals in-house is not easy. One can spend countless hours on research, writing, editing and reviewing and yet fall short on all the requisite elements.
Because of its broad nature, the topics to be covered include products definitions, ICC rules, local and international laws and regulations, compliance, customs, shipping and transportation, insurance, financial and accounting controls, recording income, finance, budget control, cash flow management and obligation settlement, customers authorities, facilities limits and credit lines utilization, various risks and their mitigation, contingencies, essential reports and follow ups to track the different operations requirements, filing, records retention, periodical statistics, information security and system guidelines, etc…
The task list goes on and on! Why start from scratch or fall behind the market updates when skilled professionals at BTFConsulting can assist you to get the job comprehensively well done!
What are the benefits?
Employees understand the constraints of their job without using a ‘trial and error’ approach, as key points are visible in well-written policies and procedures.
Enable the workforce to clearly understand individual and team responsibilities, thus saving time and resources.
Everyone is working off the same page; employees can get the “official” word on how they should go about their tasks quickly and easily.
Clearly written policies and procedures allow managers to exercise control by exception rather than ‘micro-manage’ their staff.
They send a “We Care!” message. ‘The company wants us to be successful at our jobs.’
If written clearly so that outsiders understand, the company has better legal footing if challenged in court.