Avidiant Consulting Group Rolls out Financial Consulting Services to Credit Unions

DALLAS, Oct. 14 /PRNewswire/ — Avidiant Consulting Group, (www.avidiantllc.com) a leader in providing business consulting services for mid-cap to start up companies and financial institutions, based in Dallas, TX, today announced a full set of financial consulting services to credit unions.

“Our team at Avidiant Consulting Group honors the historic and continued focus credit unions place on service to their members.  With that in mind, we have created a package of financial consulting services designed to help credit unions deal with the special challenges they face during this time of economic distress,” said principal, Christopher Garcia.  “The crash of the US housing bubble along with a deteriorating labor market have brought on big challenges to credit unions where loan delinquencies, bankruptcies, repossessions and loan charge-offs are at an all time high.”

Avidiant’s new credit union consulting offer credit unions full service risk management services along with strategic planning, management consulting and regulatory compliance.

One of the key components offered to credit unions is a full loan review audit process.  The review evaluates the credit unions lending policies, procedures, and quality control activities.  Avidiant Consulting Group’s team looks for any significant credit quality issues as well implementing a strategy for conducting the loan review.

Areas to be considered in the credit administration assessment include:

• Loan authorities and the approval process
• Loan underwriting and the credit analysis function
• Loan documentation standards and systems
• Internal loan grading systems
• Delinquency reporting and collection efforts

Avidiant Consulting Group’s approach is to develop and maintain integrated financial and accounting systems, directing, managing, and providing policy guidance for all financial personnel, activities and operations.

Avidiant is comprised of the very best of breed talents from top accounting, business consulting, and financial service firms with a track record of working together who all share the same philosophy of building relationships with our clients and at the same time providing unprecedented value. Our goal is to work toward our client’s needs by providing specialized consulting teams to resolve issues companies and financial institutions face in today’s market.

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As business consultants, our team at Avidiant Consulting Group deals daily with the issues related to the recent economic downturn.  We work with our clients to resolve challenges companies face in today’s market.

Some of the advice we give clients is to be strategic on the way up…as the market and economy improves.

Business owners and executives are always on top of this subject, more so today than in recent years.  The current economic situation presents challenges for businesses of all sizes in every industry.  If you maintain a long-term perspective — even as you take short -term steps to adjust to economic realities — you can sharpen your organization’s focus.  Even with limited resources, it’s possible to achieve your business objectives if you reduce costs, make smarter strategic decisions, and continue innovating new products and solutions.  Consumers are feeling the “pinch”.  That said, now is the time to re-align a focus on prices, customer acquisition, strategies to solve your customers’ pain, spending, and maintaining a steady customer base.

• LOWERING PRICES

The question isn’t whether lowering prices will work,  sure it can,  but will it work for your business?

• SOLVE CUSTOMER PAINS

Be in sync with what products and services customers will buy to  eliminate their pains.  Can you solve it?  This is a great strategy to grow your marketing ground and take extra care of those clients who are already your customers.

• SPEND WISELY

While it’s important to cut costs, it’s just as important to spend money wisely!  Take time to build a foundation you can grow on when the economy picks up.

• OPERATE SMARTER

Can you do more with less?  Around the globe, companies must cut costs and make better strategic decisions. Down and slow times often present an opportunity to experiment and refine strategies that can be rolled out in a grand way during boom times.