1. Accounting and Tax Services

The OHADA accounting system (SYSCOHADA) is the set of provisions governing the organization and keeping of accounts of companies established in the Democratic Republic of Congo – Parties, to strengthen analyses of the performance and financial perspectives of companies to inform decisions on management, investment, and granting of credits and finally enable said companies to provide reliable accounting and financial data.

Congo River Consulting assists companies in the implementation in their accounts of the new OHADA repository in a new presentation of individual and consolidated accounts comprising succinctly: general provisions, accounting organization, annual financial statements, rules of evaluation and determination of results, the probative value of documents, auditing of accounts, collection, and publication of accounting information.

We also offer our assistance in matters of tax advice, more specifically in the tax treatment of accounting and financial transactions, actual tax declarations to the State, and the various forms of tax adjustment relating to that such as tax filling in the USA and the DRC.

2. Financial Analysis and Risk Management

Congo River Consulting handles a variety of complex responsibilities, which are as follows:

• To assist in the planning and development of the budget, ensuring adherence with the standard rules, regulations, and laws
• To gather and collect the financial information and data to prepare, recommend, and predict future financial planning and operations
• To conduct and perform technical analysis of the financial data and information, coordinate, and compile it to make the relevant presentations
• To be involved in handling the complex projects that require an in-depth evaluation
• To perform effective financial reporting and develop business processes and standards that comply with the organization’s policies, procedures, and standards
• To research, analyse, and interpret the financial information to study the variances, review and present it to the management to enable better decision making

We assist companies in their in-depth financial analysis in guiding medium and long-term decision perspectives. Indeed, the diagnosis consists of studying the company’s financial situation to highlight its strengths and weaknesses, therefore leading to proposals for effective remedies; nor can it be limited to the study of a past situation and must integrate a prospective dimension. Therefore, it is inseparable from the measurement of future risks incurred by the company; therefore, it is a prerequisite for making any financial decision.

Thus, we proceed to the realization of this activity in two main stages:

• Study of the retrospective financial diagnosis: a study of companies’ financial statements and possible restatements of accounting information from a financial perspective, static and dynamic financial analysis.
• Prospective dimension of the financial diagnosis: the principles of updating and capitalization useful for financial decisions, the choice of investments, and finally, the establishment of financial forecasts and financing choice.

As part of the facilitation of new foreign entrepreneurs (Anglo-Saxons in particular) wanting to invest in the Democratic Republic, we can offer them the translation service of their financial documents that they can bring to our country so that they are better understood. and ultimately allow their penetration into the Congolese market.

3. Financial Management and Banking Services

 Congo River Consulting works with companies across the full spectrum of financial services, including banking, payments, insurance, wealth and asset management, and capital markets. Our highly collaborative approach is designed to help you manage risks, reduce costs, innovate, boost customer loyalty, turn data and analytics into a competitive weapon, and achieve breakthrough digital transformations.

We help refine your ideas and strategies and mold them into a viable business. We challenge your assumptions, fill gaps in your thinking, do lots of independent research and analysis, and help formulate business models, tactics, and strategies.

Our M&A client service focuses on several priorities:

• Portfolio transformation. Evidence suggests that static portfolios underperform. In contrast, active owners use programmatic M&A and selective divestitures to shift their portfolios toward better industry exposure and assets continually. The best keep moving. We help clients do that wisely and effectively.
• Seamless end-to-end delivery. From strategy and capital planning through the final steps of integration execution, we help clients identify the best path to shareholder value.
• Translating strategy into action. Few companies align their strategy and M&A program sufficiently. We help companies make these links explicitly and translate this into clear blueprints for making deals (acquisitions and separations).
• Flawless execution. Glitches can occur at any point in a transaction or during integration or separation. We help clients spot hurdles early—and clear them.
• Capturing insights. We help clients refine their deal-making approaches over time to reflect their unique context.
• Learning and capability building. We focus on client skill-building day-to-day and in more programmatic ways to make M&A a competitive advantage that is distinctive and repeatable.

Congo River Consulting assists banks and Microfinance Institutions (MFIs) in designing and implementing a wide range of innovative banking and financial products and services to be more competitive and profitable in the banking market. Highly competitive. We pin among others:

– Deposit products and investments

• Demand deposits: the current account, the checking account, the VIP checking account, the package formula (checking account and savings book, checking account and life insurance, checking account plus payment card and internet)
• Regulated accounts: the foreign account in Congolese Francs, the foreign currency account, the special account in Congolese Francs, the special currency account, the Business Travel Allowance account, the special export profit account in Congolese Francs, the professional in foreign currencies, the professional account in Congolese Francs, the non-resident domestic account
• Savings deposits: the special savings account, the Insurance savings account, the Household savings plan, the Study savings plan, the Housing savings plan, the Retirement savings plan
• Term deposits: cash voucher, term account
• Financial investments: variable capital investment companies (Sicav), assimilable treasury bills (BTA), short-term treasury bills, the savings account in shares

– Credit products

• The new regulations: the credit document and the overall effective rate
• Loans intended for individuals: the advance on salaries, consumer loans, car loans, real estate loans
• Loans intended for professionals: the overdraft facility, commercial discount, MT credit for professional equipment, leasing or leasing
• Banking services: voice services, internet banking (remote banking): DAB (Automatic Teller Machine), ATM (Automatic Teller Machine), currency exchange machine reserved for foreigners, rental of safe deposit boxes, making bank cards, a study of customer files, investment advice and others, financial engineering

4. Policies and Procedures Elaboration

According to the OHADA standard, Congo River Consulting establishes companies with a manual of administrative, financial, and accounting procedures to facilitate establishing an internal control system and its evaluation (internal audit).

The procedures are summarized as follows:

• Administrative and human resources management procedures:
• Accounting and financial procedures