We offer physical verification to protect the company from fraudulent practices and non-declared assets by evaluating physical assets, including stock and gifts, at warehouse, factory, vault and third party unit visits.
At Yogada, we understand the importance of having a comprehensive and accurate understanding of a company’s physical assets. That’s why we offer our Physical Verification service, which is designed to provide a complete evaluation of all of your assets, including stock and gifts.
Our Physical Verification service includes a visit to your warehouse, factory, vaults, as well as any third-party units that are associated with your company. This ensures that we are able to conduct a thorough and comprehensive evaluation of all of your assets.
During our visit, we will conduct a thorough examination of your assets to ensure that they are in good condition and properly accounted for. This includes checking for any fraudulent practices or non-declared assets, which can be a significant source of loss for many companies.
By performing a Physical Verification, your company can rest assured that all of your assets are properly accounted for and protected against loss. This can help you save money and reduce the risk of surprises in the future.
Additionally, our Physical Verification service will also help to identify any potential issues or areas for improvement that may exist in your company’s asset management practices. We will provide recommendations for addressing any issues that we identify, to help you improve the overall efficiency and effectiveness of your asset management process.
Our Service Benefits includes,
- Avoiding legal consequences.
- A real time evaluation of assets.
- Experts directed preventive measures.
Frequently Asked Questions
Yes. At Yogada, we provide stock taking service whereby we assure the client that stock as per books matches with the physical stock and vice versa by adopting best industry practice to ensure accuracy, completeness and reliability.
We also help organization by providing stock taking for bank finance purpose wherein details of stock statements are provided to the banks.
No worries. At Yogada we help client avoid unforeseen surprises in stock valuation and also reducing the batch errors.
Objective of physical verification to ensure that book stock is in alignment with the physical stock. Now stock can be at own warehouse / plant, third party warehouse / plant, dock, vault etc.
Physical verification gives confidence to the management and outsiders that no surprises will evolve in future and books carry true quantity and value of the inventory.
Our Other Services
Standard Operating Procedures (SOPs)
We create technology driven design structure and provide appropriate training.
IFC/ SOX
Test & Update. We create and assist in implementing the framework.
Internal Audit
Develop Continuous Monitoring to help detect potential fraud & process risk.
Pre-Payment Audit
Ensuring timeliness of Project Phase by mitigating extensions & financial cost.
Diagnostic Review
Creating Synergy in management of established processes and identifying profit opportunities.
Physical Verification/ Wall-to-wall count
Identify probable deviations by verification of physical assets.
Due Diligence
A survey of compliance position and true book value to avoid additional costs.
Process Optimization
Cost efficient methods driven by state-of-art technology. Designed on a case-to-case basis.
Dashboards
Bird-eye view of mandatory everyday business practices. An overview of organization’s operations.
Commercial Drafting
Systematic drafting of agreements and contracts to strengthen legal position against fraudulent practices.