An alliance is a commitment to a relationship between two or more organisations for the purpose of achieving specific business objectives by maximising the effectiveness of each party's resources. This is through a shared culture without regard to organisational boundaries, whereby the client and participants share the risks and rewards. Under alliances, the organisation is prepared to pay the participants extraordinary profit if extraordinary savings are realised.
The key to alliances is that relationships are based on trust, dedication, common goals and understanding of each other's individual expectations and values. Alliances are different from traditional "partnering" for long-term relationships, in that alliances are formed for limited scope and limited duration. They are used for short-term capital cost activities of design, construction and commissioning of facilities.
To achieve maximum success with alliances, it is fundamental that the various corporate objectives of the participants are understood and aligned. In addition, the self interest or goals of the professionals and individuals involved must be synchronised with the agreed alliance principles and goals.
From an accounting and financial perspective, we can assist with the following:
From our experience, the earlier our involvement in Alliance Audits the greater the benefits for our clients.