An accountancy and business advisory firm required the support of RGIS. The accountancy firm’s global organisation extends across 167 countries and territories, with 91,054 people working out of 1,658 offices.
THE CHALLENGE
The customer required RGIS to provide the following:
- Count all stock items being sold to the new company
- Stock to be counted to include fresh produce with no barcoding
- All items to be reported on, and any inconsistencies to stock file to be identified
- Reporting to be sent in a dashboard format
Why RGIS?
The accountancy firm was completing the due diligence because a Brazilian food company had sold all the assets they had in Argentina. The firm needed a solution to count inventory at the food company, which comprised of fresh produce.
Our Solutions
The accountancy firm partnered with RGIS to complete the fresh produce due diligence project, and RGIS provided the following:
Scheduled a team of 10 experienced RGIS auditors over two weeks
Each auditor was paired with a representative of the customer
All items were weighed and counted
Fresh produce included cheeses, meats, ham, burgers, bread etc.
All details were recorded and a dashboard created
Results
The accountancy firm found by outsourcing the fresh produce due diligence project to RGIS, the following results were achieved:
RGIS carried out the count together with the customer successfully working together
Reported inconsistencies to the stock file
The customer was very happy with the clear reporting created by the dashboard
Due diligence was completed to enable the sale to proceed
Conclusion
By partnering with RGIS to conduct an independent, detailed count of all fresh produce assets, the accountancy firm secured an accurate and transparent inventory position to support the transaction. Through collaborative execution, comprehensive weighing and counting of non-barcoded items, and clear dashboard reporting that highlighted variances against the stock file, RGIS provided the evidential accuracy required for due diligence. As a result, the firm was able to proceed with confidence, supported by reliable data that validated the inventory value and ensured the sale process progressed smoothly.
