Welcome to our Website!
ZIG Consulting L.L.C. is the most professional accounting-consulting-audit-legal-market advisory firms in Albania. And although the business has changed greatly in the last few years, our mission has remained the same: to help business owners and individuals protect their assets and manage their activities more profitably.
Located in Tirana, Albania, the firm has more than 7 units and its experienced
professional staff members, are structured on the units of:
Accounting & Bookkeeping
Audit of the companies
Tax
Legal counsel
Debt Collection
Market & Credit Advisory
Standardization Consulting
Appraisal activity of Immovable
and movable properties
Also our professionals are grouped in Client Service Divisions - teams centered around specific industries to provide the highest level of client service available in the Albania market.
This Website has been designed to become a helpful resource tool to you, our valued clients and visitors.
ZIG CONSULTING is the best
network of offices and practices led not by one person, but by our partnership
group. We are not a company tied to earnings pressures, but a firm free to take
a long-term perspective on issues like expansion and client service.
Leadership in the firm is not about rising above the rest, but helping others –
consultants and clients – to exceed their own expectations.
We measure our success by our clients’ results.
Our preference is to align our economics with those of our clients, so that we prosper only if our clients prosper.
We work well with your people at all levels as a catalyst to get the job done.
ZIG Consulting L.L.C. helps companies find where to make their money, make more of it faster, and sustain its growth longer. We help make the big decisions: on strategy, organization, operations, technology, and mergers & acquisitions.
Our work is most successful when we work closely with clients who are dissatisfied with the status quo.
Our people are our most important asset. Only the best candidates become part of the team. We are committed to the personal, professional, and career development of each individual team member. They are proud to be a part of a team where the owners place the welfare of the organization and its clients above their own self-interests. Team members enjoy above average benefits, a stimulating work environment, and active involvement in the decision making process. There is a high level of trust and mutual respect among all team members, owners, and clients. Each and every ZIG’s team member understands and subscribes to the vision and the role they play in accomplishing that vision.
Our relationship with our clients is open and proactive. We are innovative in developing the services we provide by transforming them into standardized products that are clearly defined, highly structured, consistently delivered, and priced in accordance with the value they represent to the client. This development will be guided by our principal purpose - helping our present and future clients identify and achieve their activity goals.
The team at ZIG is the primary reason for our success and for our clients' success. People make the difference, and ZIG Consulting L.L.C. invests heavily in the recruiting and training of all team members.
Our partners and professionals come from numerous backgrounds with accounting and law consulting firms who apply their skills to enterprises of all sizes and disciplines. Each of us is dedicated to the growth, stability and mission of ZIG Consulting L.L.C.
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Accounting Services
Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
Financial statement preparation;
Bookkeeping (Monthly/Quarterly/Annual);
Accounting system setup for new businesses;
Financial Statements
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool to management for making financial decisions.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.
A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security.
Audits, Reviews and Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:
*Audit- an intensive examination with the highest level of assurance
*Review - some analytical procedures conducted with limited assurance
*Compilation - based upon client information provided and used primarily for internal use.
Audit Services
Financial Statement Audits
Internal Control Reviews
Compliance Audits
Special Purpose Reports
Sub - Recipient Audits
Fraud Audits
We also have considerable experience in providing audits necessitated by governmental and non-profit agencies and other contractual requirements. In addition, we provide the services required to comply with bank loan covenants.
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge.
At ZIG Consulting, our tax advisers can assist you in reducing your tax liabilities, maximising your profits and easing the administrative burden of tax compliance.
International Tax
Multinational organizations now face more and more demands from different jurisdictions as individual authorities endeavor to collect taxes on cross-border activities. ZIG's international tax professionals are prepared to handle these issues as well as show you opportunities for significant project and transaction planning.
ZIG Consulting is involved in a wide law practice including information, capitalization, operation, reorganization, and conclusion of all types of business entities. The legal services provided by our Law Department include but is not limited on:
Assistance in selection and formation of the most appropriate form of business organization and representation of companies;
Negotiation, drafting and review of all types of commercial contracts and agreements;
Protection of trade secrets and other types of propriety information;
Advising individual officers, directors, partners, and shareholders concerning their legal rights and responsibilities,
Preparation of Legal due diligence;
Representation in applying for concession rights upon exclusive state and municipal properties.
legal advice to international companies who wish to open a business in Albania;
Legal assistance on all aspects of purchase, sales, merger, consolidation, reorganization, or dissolution of business entities.
Our main office in Tirana operates in collaboration with many law firms in Italy, Greece, Macedonia, Kosovo, Bulgaria, Romania, Turkey, Croatia etc.
This approach allows us to deal with multiple issues within the required time frames.
Time is money, if your accounts are not given the right attention at the right time. Lost income and decreased cash flow are many times the result of not taking action at the right time.
While you're waiting your credits...
Business does not necessarily go on as usual...
In the perfect business model, you provide your customer with a service or
product and they pay you in a timely fashion. However, if you have a company,
you know that delinquent customer payments are a prevalent and often unavoidable
aspect of business transactions.
In order to remedy the problem of delinquent payments, certain companies have contacts with Debt Collection Agencies. The First and the Only Debt Collection Agency in Albania is ZIG Consulting.
ZIG handles communication with delinquent accounts and employ multiple tactics in pursuit of the funds, including phone calls, letters, and emails. Companies that handle debt collection internally are required to dedicate a significant amount of resources to resolving delinquent accounts, as debt collection tends to be a tedious process.
For many companies, the investment of time, money, and manpower are often too consuming to handle debt collection independently. Due to this, many businesses turn to external collection agencies, or “third party agencies”, which specialize in pursuing payments for overdue accounts. Collection agencies are referred to as third party agencies since they are not a part of the original contract between the merchant and the customer.
Certainly the companies that hired collection agencies benefited from their decision. The use of collection agencies returned capital to these companies, but it also allowed them to focus their resources on their core business, whether that was providing services or products. For the businesses that relied on successful collection agencies, their benefits are clearly multifaceted.
The decision to outsource debt collection to a collection agency needs to be given proper consideration, because it is clear though, based on the facts, that for those who decide to use such a resource, the debt collection industry has been providing results.
Our first step is to evaluate your situation. Upon completing of your evaluation, we will recommend the right debt collection program to meet your organization's goals.
The customization and the variety of services we offer allow you to utilize CMC at any time during the revenue cycle.
We realize there is no one strategy that is right for all of our clients. Each industry, each firm, has distinct objectives requiring a different course of action.
Key to best returns...Early collection placements increase returns
ZIG has invested in the best people, the best equipment, and the newest, most efficient debt collection technologies, in our field. This gives your company access to the best resources available, resources that you do not have in-house. More importantly, this gives you the best results available.
Benefits of Outsourcing your Debt Collection to ZIG Consulting:
Optimize expenses
Increase cash flow; Debt Collection Agencies can help increase your cash flow by reducing the amount of debts you have;
Increase productivity
Increase time to focus on core business; By letting us collect your debts you have more time to spend running your business;
No registration, membership or annual fees; ZIG will be paid only for what we’ll use;
ZIG Consulting is the most efficient and cost-effective way of prioritising an account for payment and recovering bad debt;
Fast payment; Customers normally pay faster once a Debt Collection Agency is involved;
Cost-effective: We operate a no collection, no commission policy;
Low commission charges; Our commission charges are very low and only charged on successful collection;
Nationwide service; No matter where your debt is we can help. We provide a Nationwide debt collection service;
The use of a Debt Collection Agency is a proven way of collecting debts quickly. ZIG Collection Services provides debt collection services throughout Albania and abroad.
We obtain payment of your overdue accounts using an established combination of letters, faxes, emails and telephone calls each aimed at bringing about the early settlement of your account. Our collection effort is escalated with every attempt we make to collect your account though the exact process we follow is flexible since each debt is handled individually.
However, should your customer fail to make payment after our involvement then we may recommend and take the legal action against them through the Courts.
ZiG Consulting L.L.C. can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
The first priority of ZIG is to learn about you and your business, and then tailor an accounting program specifically for your firm. ZIG will make sure your procedures are as accurate and as detailed as they should be and that you receive sufficient data to make informed business decisions. Services include:
Evaluating financial alternatives
Reviewing accounting records for potential irregularities
Interpreting financial information
Providing assistance in developing financial relationships
Employee Benefit Plans
As a broadly diversified business advisory firm, ZIG has the professional staff and experience to analyze your company’s needs with regard to employee benefits. ZIG Consulting L.L.C. can design and help implement compensation, benefit and personnel programs that will enhance your employee relations.
Not-For-Profit Service
ZIG Consulting L.L.C. provide the accounting, audit, tax, and legal advisory services required by your not-for-profit organization. Whether your needs are limited in focus or you require a wide range of assistance, our firm builds value into every engagement we perform.
Our expertise in corporate finance includes:
Obtaining start-up finance;
Due diligence and valuations;
Raising money for expansion;
International transactions.
ISO Consulting Service
ZIG Consulting L.L.C. is a specialized ISO consulting company. Our staff can offer your company proven tools and methods through ISO Consultation to help you pursue opportunities that will add increased value to your business and delight your customer.
ZIG’s philosophy is not only to focus on working in the business, but also to work for the business.
ZIG integrates this philosophy into its services by encouraging your staff to implement a simple, streamlined quality management system that is ISO compliant and one that continually improves your company’s business performance. With this approach, your company greatly increases its chances for continued employee participation, dynamic in-house leadership, and a positive return on investment during and after ISO implementation.
ZIG -Consulting services include assistance in all phases of ISO certification: From ISO preparation to ISO documentation, implementation and execution and finally to ISO maintenance. ZIG specializes in ISO 9001, ISO 22000,HACCP,QS-9000,SQF,CE-Marking.
General : ISO 9001
ISO 9001 defines the rules and guidelines for implementing a quality management system into organizations of any size or description. The standard includes process-oriented quality management standards that have a continuous improvement element. Strong emphasis is given to customer satisfaction. ISO 9001 registered companies can give their customer important assurances about the quality of their product and/or service.
Benefits of the Certification:
Protection and enhancement of brands and private labels;
Increased consumer confidence ;
Conformity to regulatory and market requirements;
Alignment with the Codex Alimentarius Commission;
Guidelines for the application of HACCP;
A complete program, dealing with both safety and quality issues
How to Implement?
Proposal / Application for Certification
Pre-assessment Audit
Document Review
Certification Audit
Registration / Ongoing Surveillance
FOOD : HACCP
( HAZARD ANALYSIS AND CRITICAL CONTROL POINTS )
What is HACCP?
HACCP is a systematic method using seven principles for analyzing a food process and determining the possible chemicals, physical, and biological hazards within that process.
What does H-A-C-C-P Stand for?
H-A-C-C-P stands for "Hazard Analysis and Critical Control Points".
Is the HACCP-9000 Registration a one time process?
The HACCP-9000 Registration is a continuous process that begins with the initial registration and than continues with on-going surveillance audit that are performed annually to confirm continued conformity and to verify ongoing management review and continuous improvement by the company.
Why Implement ISO?
Implementing ISO in your company is a management decision that requires consideration of your organization’s operations, strategy, staff and, most importantly, your customers.
ISO standards are now readily being applied by all types of organizations in all the industries.. In many instances, the choice to implement an ISO standard into a company is not only the result of a company seeking to improve quality, efficiency, and profitability, but also as a result of ISO implementation being:
Mandated by certain Industry Leaders;
Required by your Customers, especially internationally-focused businesses;
Necessary to maintain market presence and a competitive advantage;
Maximize the revenues and Minimize the costs;
Maximize the Customer Retention and Minimize the Wastes;
Maximize the Efficiency of the System and Minimize the Defects.
For whatever reason your company decides to pursue or update its ISO certification, you need to consider the benefits and costs involved with this process.
ISO Benefits
ISO standards are a guide that can help transform your company’s quality system into an effective system that meets and exceeds customer expectations. Your company will start to realize these benefits as you implement and adhere to the quality standards, and you will see the internal and external benefits accrue over time.
Internally, processes will be aligned with customer expectations and company goals, therefore forming a more organized operating environment for your management and employees. Product and service quality will improve which decreases defects and waste. Process improvements will help to motivate employees and increase staff involvement. Products and services will be continually improved. All of these internal benefits will continually drive better financial results, hence creating more value for your business.
As for the external benefits, ISO certification shows your customers and suppliers worldwide that your company desires their confidence, satisfaction and continued business. Your company also has the opportunity to increase its competitive advantage, retain and build its customer list, and more easily respond to market opportunities around the world.
Benefits of ISO 9001:2000
For customers, the certification of suppliers to ISO standards means that they can be assured that the development of their products and services are compliant to reference documents that are globally accepted. The benefits of becoming certified are numerous; companies should ensure that they are pursuing certification for the right reasons:
To improve business processes and save money.
To qualify for new customers.
To enter global markets.
Feedback from ISO 9001:2000 Registered companies shows what you can expect as the payoff from all of your hard work.
Because of the responsibilities called out in the ISO 9001:2000 Standard, organizations often see an increased involvement of top management with regards to the Quality Management System.
When ISO 9001:2000 is implemented in an organization:
Well defined and documented procedures improve the consistency of output;
Quality is constantly measured;
Procedures ensure corrective action is taken whenever defects occur;
Defect rates decrease ;
Defects are caught earlier and are corrected at a lower cost;
Defining procedures identifies current practices that are obsolete or inefficient;
Documented procedures are easier for new employees to follow;
Organizations retain or increase market share, increasing sales or revenues.
Top reasons given for registration:
Internal operational efficiency
Strong point, or qualifying criterion in the tender procedures according to the new legislation
Lower production costs because of fewer nonconforming products, less rework, lowered rejection rates, streamlined processes and fewer mistakes.
Access to new markets. Some markets require ISO 9001 Registration, some markets favor companies with ISO 9001 Registration
Customer request. Many organizations are asked by a customer to obtain registration as a requirement to continue or to start doing business with them.
Reducing costs. Organizations are recognizing that an effective Quality Management System leads to reduced costs and greater operating margins
Provides a passport to the global market
ISO Costs
Although the costs of implementation can be offset with increased sales, reduced defects and improved productivity throughout the organization, the investment of implementing and maintaining an ISO quality system needs to be considered.
Many factors should be considered when calculating your company’s ISO implementation costs. The time, effort and money your organization puts into ISO registration depends on the number of employees, locations, the ISO standard selected for registration and the current state of your quality system and processes.
Typical costs include:
Management and employee time and effort
Upgrading and creating documentation
Training employees
Registration fees
Maintenance
ISO standards are documented rules and guidelines for implementing a quality system into your company. Specific technical specifications and/or other specific criteria may also be included depending on the standard you select.
Appraisal activity of Immovable and Movable properties
One of the services offered by ZIG Consulting Ltd. Is: “Appraisal activity of Immovable and Movable properties”. Based on the request of:
Lending Institutions
Byers
Internationals entities
Courts/Prosecutions
Parties on juridical processes
Immovable Properties Registration Office
Real Estate Agencies
Shareholders of private companies
Insurance companies etc
are prepared the appraisal reports regarding the Immovable and Movable properties. In the fulfillment of the above duty, ZIG Consulting Ltd base the professional service offered in the principals of: correctness, honesty, accuracy, genuineness and deadline respect of client’s requests.
The permanent implementation of these principals have influenced in the increase of trust and number of the entities interested toward the appraisal process of immovable and movables properties service offered by ZIG Consulting Ltd
Our approach to fees is flexible and transparent, using both hourly fees and structured monthly schemes.
However, we are accustomed to using alternative fee structures where appropriate, and to negotiating these with clients in advance.
In any of the projects, we have adopted payment schemes that fully dependent on the clients’ understanding of our role.
Long-term involvement of our services will definitely bring lower prices and better services for our clients.