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Sarbanes-Oxley 404 Compliance | |
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HIPPA Legislation Compliance | |
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Patriot Act / Anti-Money Laundering Compliance | |
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Supply Chain Integration | |
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Internal Audit Outsourcing | |
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Human Resources Benefits Administration | |
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Project Management
Madison-Davis Professional Services provides a focused range of project management solutions. Whether your company is a Fortune 500 global leader, or a small to mid-sized regional organization, Madison-Davis will customize a management solution to deliver unparalleled results.
Explore our most popular project management specialties, and put the powerful experience of Madison-Davis to work for your company.
Project Management Assignment is when Madison-Davis is called upon to manage a project or assignment identified by a client company as mission critical.
The Madison-Davis Professional Staff works under the direction of the client company executive management, but as the project manager on the assignment, Madison-Davis is responsible for the execution of the project. As in the following situations:
- Financial Services Industry. In 2001, one of the largest financial capital and credit lending institutions in the world reached out to Madison-Davis to assist them in the recovery, workout and turnaround of several credit risks in their portfolio.
This company was able to fully collect on their credit facility on one of the largest loans in their portfolio due to the industry experience and financial skills of the Madison-Davis professionals assigned to this project. The second largest credit in the portfolio was repaid by utilizing the relationships of Madison-Davis to secure another lender to replace the debt.
As a workout, turnaround and credit referral source, Madison-Davis Professional Services can wear several hats when a company experiences tightening credit, default or a troubled financial situation.
- Specialty Retailing Industry. In 2001, when this large specialty retailer was converting to a new technology platform which also corresponded with a change in a generally accepted accounting principle, a staff of six technology and finance professional staff were called in to oversee the transaction processing and reconciliation of the accounts as the company ran parallel for several months.
- Computer Software Industry. In 2002, a Midwestern technology development firm retained Madison-Davis Professional Services to contact competitor firms and introduce a merger or acquisition strategy for this firm. This firm developed proprietary supply chain transaction processing software and was also seeking investment capital to fund its growth strategy.
Due to the extensive industry experience, the professional technology staff of Madison-Davis was able to successfully complete this project after several months.
- Healthcare Services Industry. In 2003, when this public company in the healthcare industry was seeking financial partners to help it recover after divesting several business lines, Madison-Davis Professional Services was retained to find a merger or financial partner for this company.
After identifying a potential acquirer 10 times the size of this company, Madison-Davis also brought in the investment banking firm and subsequent financial partners to finance the acquisition and merger.
- Aerospace Industry. In 2004, with the pressures of an increasing stock price this aerospace industry company needed to quickly address its accelerated filing status under the Sarbanes Oxley 404 compliance requirements.
Madison-Davis Professional Services was called into action and quickly ramped its documentation, remediation and testing services to address the issues brought forth by this company’s Big 4 auditor.
- Telecommunications Industry. In 2005, when a large regional accounting firm needed to expand their accounting, auditing and technology staff on a national basis, they contracted with Madison-Davis Professional Services to provide these services in the Midwest and the South regions of the U.S.
For one client, a staff of five Madison-Davis Professionals was pulled together with very specific industry experience in the high-tech arena. As this client continued to expand its operations through acquisition, Madison-Davis was called in to perform due diligence and financial review work for the acquired company.
- Medical Equipment Industry. In 2005, when a public company medical equipment manufacturer changed its outside auditor from a Big Four firm to a rapidly growing national accounting firm, this national firm referred Madison-Davis Professional Services to handle all of the Sarbanes Oxley 404 compliance documentation, remediation and testing.
This public company reviewed proposals from other national and international accounting firms and selected Madison-Davis based on its industry experience, its cost effective approach, and its SOX 404 methodology.
Sarbanes-Oxley 404 Compliance
The Sarbanes-Oxley Act — officially titled the Public Company Accounting Reform & Investor Protection Act of 2002 — was signed into law on July 30, 2002, and is widely regarded as the most significant change to federal securities laws in the United States since the New Deal. On the heels of historic financial scandals, such as Enron, Arthur Anderson and WorldCom, the law is named after Senator Paul Sarbanes (D-MD) and Representative Michael G. Oxley (R-OH).
The act is designed to review dated legislative audit requirements. The goal of the Sarbanes-Oxley act is to protect investors by improving and policing the reliability of corporate disclosures. The act covers issues such as establishing a public company accounting oversight board, auditor independence, corporate responsibility and enhanced financial disclosure.
HIPPA Legislation Compliance
HIPPA Legislation (the American Health Insurance Portability & Accountability Act of 1996) is a collection of rules governing health plans, doctors, hospitals and other health care providers. Arguably the most significant provision requires health plans and providers to use standard formats for electronic data interchange, such as electronic claims submission EDI.
Patriot Act / Anti-Money Laundering Compliance
The USA PATRIOT Act (the Uniting & Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001) is an act of federal legislation in the United States, enacted in response to the September 11, 2001 Terrorist Attacks, profoundly revising rules regarding information-gathering and criminal procedure with respect to incidents of suspected terrorism.
The act is an extremely complicated and lengthy piece of legislation, comprised of 158 sections and amending over 15 federal statutes. Much of it incorporates previous foreign intelligence acts, particularly the Foreign Intelligence Surveillance Act. Amended statutes include laws governing criminal procedure, computer fraud, foreign intelligence, wiretapping, and immigration.
Also contained are provisions dealing with financial assistance to victims of terrorism, increased benefits for public-safety workers and consumer protection from fraudulent charitable solicitations following an attack.
The act further includes numerous provisions designed to thwart money laundering activities.
Supply Chain Integration
Madison-Davis Professional Services provides manufacturers with tailored solutions to address their industry-specific business needs, enabling improved efficiency in the areas of cycle time, supply chain, deployment, shop floor management, expanding distribution channels and more efficient use of capital.
Internal Audit Outsourcing
Madison-Davis Professional Services internal audit outsourcing process includes comprehensive assessment of the structure, scope, and management of your internal audit outsourcing arrangement, ensuring adequate evaluation in strict compliance with your institution's system of internal controls.
Madison-Davis audit solutions include expert consultation and project direction, and ensure that directors and senior managers have fulfilled their responsibilities for establishing and maintaining an effective system of internal controls for controlling internal audit functions.
Human Resources Benefits Administration
Madison-Davis Professional Services delivers managed direction over the administration of competitive health insurance, wellness, and retirement/pension benefits programs, including support systems for faculty and staff, maintaining compliance with federal and state statutes, and maintaining effective communication with faculty and staff regarding benefits.
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