Success Stories are a bird’s eye view of our achievements across various fields of specialisation. We at MaGC believe that every success story only adds to our responsibility to produce more of this type.
Preparation of Risk Based Internal Audit Manual
MaGC was appointed to prepare a Risk Based Internal Audit Manual (RBIAM) that would facilitate IAS to provide risk-based assurance in line with international standards and practices……….
Designing a Credit Control Mechanism
MaGC was engaged by the Client to design a Credit Control Mechanism (CCM) for managing its accounts receivables………
Implementation of Ind-AS in SIPCOT
The Client was mandatorily required to implement Ind-AS in order to comply with government directives. Transition from rule-based accounting to principles based financial reporting required by Ind-AS involved a number of policy, process, and accounting challenges. ……..
KPI System and Analytical Review Mechanism
The MaGC team of specialists helped the client, to establish a performance monitoring system along with a review mechanism. This mechanism in place has given the client better clarity and focus for all their related future endeavors……..
Market Survey on Industrial use of Aluminium Extrusion in India
MaGC began with discussions on a strategic plan of action for the survey and forged ahead with its strong team of researchers and surveyors. The methodology involved collection of data from the demand side and the supply side…….
Organizational Restructuring
The aim was to bring about clarity in roles and designations, study the need, if any for more man power and efficient streamlining of the Organizational operations….
Review & Design of Management and Information Systems for IC&SR –IIT-Madras
MaGC was engaged by this research wing for review and design of Management and Information Systems……
Structuring of MIS with benchmarks, KRA and KPI
MaGC helped the client to streamline its Management Information System (MIS) and lay down Key Performance Indicators (KPI) with benchmarks. This has increased organizational control, provided excellent support to achieve corporate goals and also to gain competitive advantage…….
Study for development of KPI and Dashboard
MaGC has successfully completed a study on development of KPI and Dashboard System for the client. A detailed report has been submitted which covers various conceptual and practical aspects of implementing KPI and Dashboards…….
Workshop on Strategic Planning for an MFI
MaGC conducted a workshop for the Senior Management and departmental heads of the client with the objective of identifying key reform initiatives for growth and to achieve a coordinated action plan for implementation……..
Restructuring the Local Loans Development Fund
MaGC was engaged by The Asia Foundation to study and recommend various restructuring options………
Preparation of database on budgets of Municipal Corporations in India
MaGC built a repository of municipal budgets for three financial years of forty-six large and medium Urban Local Bodies for the client………
Model Municipal Finance Code
MaGC developed a Model Municipal Finance Code (MMFC) which is a compilation of basic principles governing municipal financial management in the country………
Scientific Final Pricing Model
MaGC developed a Scientific Final Pricing Model for KIADB for fixing final prices for industrial land allotted across the state……..
ERP Support Services
MaGC, in association with Technical Consultancy Services Organization of Karnataka (TECSOK), was appointed to assist the Project Monitoring Committee (PMC) in the implementation…….
Strengthening of Public Financial Management in Taluk Panchayats
MaGC in association with Karnataka Institute of Public Auditors (KIPA) was appointed as consultants for the assignment of Strengthening Public Financial Management and Accountability of Taluk Panchayats (TP) in Karnataka. The assignment aimed at enhancing TP’s capacity to deliver timely and better accounting and internal auditing services with a focus on accountability……
Scoping Study for Public Expenditure Review
MaGC represented by Managing Director Dr. R S Murali conducted a scoping study for a complete Public Expenditure Review (PER) of the Environment and Natural Resources (ENR) sector……
Preparation of Operations Manual, Financial Management Manual, and Procurement Manual
MaGC was entrusted the assignment of preparing manuals governing the Project’s administration, financial management and procurement functions…….
Financial Reforms in Bangalore City Corporation
MaGC helped Bangalore City Corporation in revamping its accounting and financial management by implementing the Fund Based Accounting System. BBMP has successfully implemented FBAS and regularly publishes its financial statements prepared under FBAS, every year end…….
BBMP Activity Mapping Exercise
MaGC was entrusted with the task of conducting an Activity Mapping of all civic functions in Bengaluru as an input for the restructuring exercise……
Debt Position and Performance Analysis of ULBs
MaGC helped CMA’s office in consolidating the outstanding loan balances as at the end of March 2012 for all the Corporations and Municipalities and in analyzing the debt position of Urban Local Bodies (ULBs)…..
Peer Review of Financial Rules and Regulations 2001
The client engaged MaGC to undertake an expert review of the revisions carried out to the Financial Rules and Regulations……..
Preparation of RFP for ERP
MaGC was engaged to prepare a Request for Proposal (RFP) document for selection of an agency by the client for ERP implementation…..
Training programme on Double Entry Accounting System for officials of ULBs
MaGC conducted training for the officials of Urban Local Bodies (ULB) of Tamil Nadu, India on the Municipal Accounts Manual, Municipal Budget Manual and Double Entry Accounting System…….
Updation of Accounting Manual & drafting of Budget Manual for ULBs of Tamil Nadu
MaGC prepared the updated Accounting Manual and drafted the Budget Manual for municipalities. The accounting manual lays down accounting policies, procedures and reporting formats in line with the National Municipal Accounting Manual……
Design and implementation of a Cost Accounting System
MaGC was engaged by the client to design a Cost Accounting System and implement a spreadsheet based tool for the same…….
Process Documentation for Customer Support function
MaGC was engaged to prepare a comprehensive business process document for the client. The exercise helped in identifying gaps in the existing processes of the Customer Support function and re-engineering them…….
Study and Gap Analysis of Expenditure Bill Processing at BESCOM
MaGC was engaged to study and conduct a gap analysis of expenditure bill processing at BESCOM…….
Business Process Documentation for a Microfinance Institutions
MaGC was engaged by the client to study and document the business processes and develop a credit scoring model…….
Business Process Reengineering at a Microfinance Institution
MaGC helped the client to reengineer its business processes and implement technology solutions. The Business Process Reengineering (BPR) exercise enabled the client to translate its strategy into action on the ground…….
Business Process Reengineering for a State Cricket Association
The client is operating with 13 departments, one club house to provide recreation to its members, and one academy for providing training and selecting the best players of the state….
Development of a Spreadsheet based Cost Estimation System
MaGC developed a spreadsheet based utility for cost estimation and preparation of proposal for the client. The client is now able to respond to business opportunities faster and more accurately…..
Implementation of Costing System
MaGC team studied the business and came up with a costing system for the entire group. The costing system implemented was a significant step in improving the ERP readiness of the company…..
Process Audit in the Software Industry
MaGC conducted a process audit of the client’s processes to verify the extent of adherence to the Business Process Document (BPD)…….
Process Consulting – HR & Administration
MaGC was asked to provide a comprehensive “As Is” Process Documentation of the four departments under personnel and admin for the benefit of the entire group of companies…….
Process Documentation for Land Reforms Project
MaGC was engaged by the NGO for preparing the process documentation for this initiative. MaGC also helped in drawing out the technology framework for implementation…….
Process Documentation for Project PURE
One such initiative was Project PURE which involved streamlining the process of creation and maintenance of accurate electoral rolls. MaGC prepared the process documentation for Project PURE……
Process Documentation for a Shopping Mall
MaGC was engaged to undertake a comprehensive documentation of processes for the Finance Department and also identify the gaps to re-engineer the processes…….
Process Documentation for a Police Station
MaGC was engaged to undertake a comprehensive documentation of processes in a police station. The process document was expected to be the starting point for all further activities under the project……
ERP Implementation Support
MaGC was engaged by the client to support in implementation of SAP Business One ERP solution across various functions namely, purchase, sales, inventory, and finance and accounts……..
Information Systems Auditing and return on IT investment assessment
The client is a leading public sector undertaking in Bhutan that provides financial services for its customers including Insurance, Pension and Loan products. The Organisation desired to have its business software applications used in various lines of business audited…….
Audit of Software
MaGC was approached by the client to assist in auditing the mini ERP and the banking software with the objective of providing recommendations on the products’ functionality & usability; and benchmarking it against similar products in the market……
Evaluation of different systems of SHG Bookkeeping
SERP has implemented different systems of bookkeeping namely the e-bookkeeping, m-bookkeeping and MS-Accounting Software. SERP had recently undertaken the process of implementing a tablet based system of bookkeeping…..
Functional Documentation of Software
The client developed an in-house ERP software which was used to automate some of the business processes of the group company….
Implementation of Disease Investigation and Health Management System
MaGC was engaged to develop and implement the Disease Investigation and Health Management System (DIHMS) software across the state. The software was successfully designed and deployed which has resulted in better efficiency and planning in disease monitoring……
National Mission Mode e-Governance of municipalities Study
The Study enabled the MoUD to get an understanding of the status and impact of e-Governance initiatives in various urban local bodies. It also helped in laying the roadmap for implementing comprehensive e-Governance solutions in municipalities……
Pre-ERP Process Documentation
To handle this growth, the client felt a need for streamlining existing processes and introduce ERP. MaGC was engaged to prepare the process document…..
Realignment Study
MaGC was asked to provide a plan for realignment of the IT services for the benefit of the entire group of companies and suggest improvements. The purpose was to efficiently utilize the In house – service division for smooth functioning across the group……
Setting up of IT infrastructure for a multinational Insurance company
MaGC services included understanding the business model and processes, identification and selection of vendor, internal try-outs, facilitation for integration of modules, launch of website/service centre, training and handover to the client personnel…….
Systems and Security Audit
MaGC conducted an audit to assess the adequacy and robustness of processes and system controls. The purpose was to evaluate the chances of physical and technical intrusion into the company’s information due to weakness in processes…..
Preparation of RFP for ERP
MaGC was engaged to prepare a Request for Proposal (RFP) document for selection of an agency by the client for ERP implementation……
Audit Ease Training in Bhutan
The client is a government owned business providing Insurance services and loan products to its customers in Bhutan. The company has a fullfledged Internal Audit (IA) Department. The growing business and increased reliance on Information Technology (IT) had given rise to a need to train the IA team on auditing basics, and auditing in IT environment……..
Training Programme on Audit
MaGC designed the Training syllabus based on discussion with the client, and planned the sessions for the programme. The Training courseware covering the syllabus was prepared and shared with Client for distribution to participants……..
Workshop on Management by Values
The action plan by MaGC involved an in-depth discussion with the Chairman of INEVAL foundation for structuring a one-day workshop called the ‘Power of MbV”…….
Training programme on Double Entry Accounting System for officials of ULBs
MaGC conducted training for the officials of Urban Local Bodies (ULB) of Tamil Nadu, India on the Municipal Accounts Manual, Municipal Budget Manual and Double Entry Accounting System…….
