Saturday, 10 October 2020

Why choose us as your account auditors

 

The internal control of organizations is key if you want to maintain the stability of a company and even promote its growth. And the best way to do this is through an audit. For this reason it is common for companies to hire auditing companies to analyze and locate certain aspects within the companies that must be corrected.

If you are looking for account auditors you can contact us. At AAA-CAS we are specialists in both auditing and accounting advice and business consulting, among other things. We offer a quality service, always focused on ensuring that the company that hires us can have accurate information that is useful to it.

If you are looking for options, here are three reasons why you should choose us.

We offer a personalized service

As account auditors, we understand that there is no general solution that can serve various problems. Each company has particular needs and because we are aware of this we provide a personalized service to each client. Regardless of whether your company is small, medium or large, in AAA-CAS you will always get a close and personal treatment, although always with a lot of professionalism.

We have extensive experience

The history of AAA-CAS began in 2014, which means that the company has extensive experience in the sector. With almost 6 years in the market, we have become one of the best options to hire in terms of Auditors in Dubai. Thanks to our way of working (organized, professional and reliable) we have achieved a stable client portfolio and most importantly, satisfied with the service we have provided.

We have the best professionals available

At AAA-CAS our auditors have continuous training. This means that we have professionals equipped, not only with the best tools, but also with the greatest knowledge to carry out their work in the best possible way. We have a technical and professional quality that has made each client feel comfortable working with us.

Before choosing a list of audit firms in Dubai for your company, it is important that you always verify its reputation, as well as which specialists they use for different cases. Our company is characterized by objectivity, independence and dedication. For this reason, our clients have placed their trust in us day after day. What are you waiting to do it yourself?


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Thursday, 24 September 2020

Payroll management: outsourcing advantages and disadvantages

 Payroll management is the process through which workers receive their corresponding salary from the company that hires them. It is a simple process but, nevertheless, should take into account different aspects: the own payroll, social security, tax obligations, etc .

 Responsibilities when doing an employer's payroll include:

 ·         Quarterly reporting

      ·         Employee tax withholding

·         Payment   of tax withholdings

·         Management of contributions to employee health and pension plans

·         Handling disability leave evaluations

·         Notification to the General Pension and Social Security Authority of the registration and cancellation of employees in the company

 These tasks are time consuming and can be headaches for business owners , especially when taxes are late.

We consider in this article the advantages and disadvantages of outsourcing payroll administration:

 Advantage

 1. Focus on the business

 Outsourcing your payroll allows you and the rest of your staff to focus on the main operation of the business and dedicate yourself to tasks that add more value to your product or service.

 2. Reduction of administrative tasks

 The payroll process is time consuming. Its outsourcing can make your company more agile by reducing the number of employees required for this type of administration activities.

 3. Cost savings

 If your company has fewer than 20 employees, there is a good chance that you can save money by outsourcing your payroll operations.

 Find out how many hours your employees spend on payroll activities, calculate how much you are spending and compare the number of plans offered by various payroll providers.

 Be sure to factor in the money your business spends on tasks like printing and distributing checks, creating tax documents, and the like. You will probably be surprised by the result.

 4. Prevention of SAT sanctions

 A payroll service provider is often better equipped to calculate deductions accurately and consistently.

 According to the Tax Administration Service, 40% of small companies pay an annual fine of 25 thousand pesos, on average, during filings for late or incorrect payments.

 5. Evaluation of employees in probationary period

 You may enroll probation or training personnel in a system that does not yet represent direct hire, helping to reduce the possibility of prematurely incurring legal or employment obligations.

 6. Deductibility of the payroll service

 If you are looking for savings for your business, you can achieve them without affecting the situation of your employees, since the payroll outsourcing service is fully deductible.

 Disadvantages

 1. Loss of control

 Handing over your payroll operations to a third party removes control over financial information and the confidential data associated with it.

 Also, the data could be less accessible to your company because it is stored on the server of the company that will provide that service.

 And even keeping your data internally confidential could be less risky.

 2. Threat to security and confidentiality

 The life blood of any business is the information that is kept running.

 If payroll, medical records or any other confidential information that you have is passed on to the outsourcing company, there is a risk that confidentiality could be compromised.

 3. Inconsistencies in the quality of work

 Another possible disadvantage is that the company could find inconsistencies in the quality of the work they provide.

 Wages may not be the right amount; taxes not being deducted correctly, among other inconsistencies.

 4. Decreased sense of belonging

 Feeling oblivious to your business may decrease their loyalty and not "put their shirts on" 100 percent, which can affect their productivity.

 5. Increase in turnover

 That same disloyalty can lead to higher staff turnover, raising the costs of hiring and training new employees.

 How to choose Payroll services in UAE?

 First, you must make sure that the service they offer you is legal and that your employees will not be affected by miscalculated wages and benefits.

 To do this, verify that the payroll administration company is registered with the UAE Association of Human Capital Companies. You will be surprised to know that of the approximately 3,000 companies that exist in United Arab Emirates, only 16 have this registry.

 As in everything, the wrong behavior of most of these outsourcing damages the reputation of those who work well, so it is important that:

 Do a preliminary investigation of the provider of the service you hire to know their reputation and what other companies they serve.

Verify the legality of the hiring of personnel that you carry out to ensure that your employees will not be affected in terms of their employment condition and their benefits.

 


Read also: Evaluation of internal control systems

 

A well thought out decision

 

Whether or not to outsource, decisions must be approached through a careful examination of the potential benefits in relation to the organizational impact that will come with the decision. There should be established guidelines for the task that these 'third parties' would have to do and also a list of controls to which they will have to submit regularly.

Monday, 24 August 2020

The benefits of adopting an ERP solution for your company

 The implementation of software and management to optimize and solve business problems and operations has brought great results to most industrial sectors, improving and automating processes that were previously complex and required a great waste of time and resources and at the same time guarantee a greater coordination of all company departments.

Among these technologies, ERP ( Enterprise Resource Planning ) solutions began to take hold in the nineties, up to today taking on a role of fundamental importance, coming to revolutionize the way in which organizations design, plan and carry out their flow of work, ensuring perfect coordination in the various company departments.


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By integrating ERP systems into the working reality, manufacturers can improve the quality standard of each operation making it more fluid and smart, further optimizing the production sphere.

Below we are going to mention some of the advantages of implementing an ERP suite:

# 1 | Better business automation

The ERP suite helps to create a homogeneous operating environment by integrating business data from different departments, as it is a system based on the collection of information stored in a centralized database.

Taking a concrete example, an ERP solution is able to detect an increase in the production volume of an assembly line and automatically notify the warehouse to warn to create more space, as well as send orders for the purchase of new raw materials.

Processes such as supplier payments, invoice issuance, customer service and other routine activities can also be automated through the use of ERP software.

In short, the suite provides an easy way to communicate and coordinate activities between interdependent business units.

# 2 | Interaction between customer and company: the customer journey .

To date, the challenge is to integrate different touch points in order to offer a user experience that is able to increase engagement . It is therefore necessary to pay attention to every detail relating to the pre-purchase phase, which in most cases takes place directly in the store.

An increasingly widespread trend with the birth of e-commerce is the phenomenon called " show rooming ", or when a customer goes to a physical store to try or view a product, but then buys it online.

# 3 | Aware and far-sighted decision-making process

Basically, an ERP system is a software suite that integrates perfectly with the various sectors of the company, facilitating their cross-functional interaction in the processes of archiving, managing and processing data on activities related to the business and its customers.

Having all the information contained in a convenient platform, ERP solutions are able to offer business managers and entrepreneurs a 360 ° view of the company. This greatly facilitates their task of making strategic business decisions in a more conscious way and in line with the current business situation.

In summary, a tailor-made management software can represent the best means capable of bringing tangible advantages and benefits within a company: from the organization of warehouse activities, to invoicing, from purchasing management to controlling deadlines. These are only part of the advantages that management software offers, a tool that allows you to monitor and manage most of the business processes in order to simplify them. For this reason, a good management ERP Accounting Software solutions in Dubai must be easy, fast and intuitive in order to carry out each operation efficiently and in complete safety, offering a flexible and complete management solution to a company.

The choice of the most suitable ERP is therefore strictly related to the advantages it can bring to business work. It is therefore important to select software houses that offer ad hoc professional solutions, or tailor-made software that allow you to optimize and simplify business processes in order to obtain advantages relating to both the optimization of the work process and economic, with an optimal ratio between costs. and tangible benefits.

Monday, 10 August 2020

5 criteria for choosing the right ERP

 

Do you want to launch your first ERP project or change your existing solution? The choice of a business management tool is complex and should in no way be neglected. First, you will need to define and formulate precisely your needs, before starting a comparison of existing solutions on the market.

There are several basic criteria to consider when selecting the right ERP software for your business. We detail 5 of them that are, in our opinion, the most important to help you in your ERP project.

1. Knowledge of the trade

Some ERP software easily adapts to a wide range of industries (Trading, HR, Project, Production, Process, etc.) and others are geared towards an industry, a sector of activity or a specific profession.

Find the ERP solution adapted to your specificities

It is common for companies to turn to generalist ERP editors with strong notoriety which involves a lot of adaptations. By virtue of its generality and its oversize, these adaptations increase the complexity of the software, the risks, the delays, the costs of the ERP project and increase the difficulty of future updates.

On the other hand, if you focus on an ERP solution focused on your field of activity , it will be operational more quickly, will provide you with better expertise and will adapt more easily to your processes.

Work with an ERP integrator who understands you

Collaborating with an ERP integrator who has know-how in your industry brings added value to your project. Thanks to his expertise in your sector of activity or business, he will more easily analyze your problems, respond to them efficiently and advise you on best practices to make your ERP project more productive.

What questions should we ask?

What are the references of the publisher and the ERP integrator in my field of activity?

Is the ERP solution well "sized" for the size of my company (Small to medium, Mid-size, Large, Group)?

Once the list of solutions in line with your needs has been drawn up, we advise you to contact one or two references who are close to your field and to meet them.

Read also: Are you looking for Payroll services in Dubai

2. Functional coverage and agility of the system

Your future ERP software must offer a favorable environment for decision-making and have a certain flexibility to adapt to your organization and your previously formulated needs. 

 

Adaptability of the ERP solution to the medium-term strategy

Your ERP should meet 80% of immediate needs and medium term needs. Therefore, you should not only focus on the needs at the moment T, but broaden your spectrum of requirements and needs in the future to guide your purchasing decision.

You are asked to think about the different possibilities for development and medium-term strategy of the company, such as internationalization, the opening of new production sites or new markets, etc.

What questions should we ask?

·         Will the ERP editor be able to support my growth smoothly?

·         Is the ERP solution modular and flexible enough in case my needs change?

·         Can my external applications easily integrate into the solution?

·         What are the standards it offers?

As you will have understood, the selected solution must be flexible and modular to support you in your success. It is therefore not advisable to waste your time on the ERP that you covet if it has excessive limits in terms of customization.

3. Acceptance & user experience

Now it is important to stress the importance of the approval of the ERP system by your employees. This point is imperative in an ERP project, because in the end, they are the ones who will use it regularly.

An ERP must be able to present the right information to the right people at the right time. But that's not all, it should be intuitive and easily customizable for your staff.

Indeed, a department manager will not need the same user functions as a production operator. It is therefore essential to take these different facets into consideration when planning the use of Customized ERP Software's in UAE at all levels.

 

Monday, 3 August 2020

ERP Accounting Software solutions in Dubai | accounting software

The latest generation ERP Accounting Software solutions in Dubai integrates Business Intelligence functions by offering tools to extract and display data that can be integrated together: Get more information: 97142287774


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Friday, 17 July 2020

Why change ERP software?


An ERP software is the backbone of the information system in enterprises, it is the tool that provides the necessary functionality to improve competitiveness. It is therefore crucial that it evolves or is changed to maintain or develop the productivity of the company.

The software package used today by your company may not cover its needs or may no longer be able to support your organization in its growth and its innovation objectives. Certain signs of obsolescence of an LES are not misleading , they must draw your attention and provoke possible reflections.

If you recognize yourself in the cases listed below, it may be time to change your current ERP software to a solution adapted to your needs. Then watch the offer, new features, models ... on the market, try to make some comparisons with your ERP software .

ERP, user experience and functional limits

Is your current ERP solution complicated to use, not very ergonomic, it lacks flexibility, navigation is not very fluid and response times are long?

Over the past 6 years, business practices and expectations have changed dramatically while the user experience is at the heart of staff productivity. In addition if some features are not covered, then do not hesitate any longer and seriously consider changing your ERP software.

Your maintenance costs

The maintenance costs of your ERP solution are too high and you cannot take stock of the specific developments that have been added to make up for the missing functionalities.

The former ERP can become increasingly expensive especially as the publisher keeps them to a minimum, that the hardware has also lived and less reliable.

Scalability of ERP software

The needs of your organization or the expectations of the staff are growing but there is no possibility of integrating new trends or additional applications:

·         Web interface
·         Business intelligence
·         Cloud
·         Mobility
·         E-commerce ...

D systems

The employees of your company have become specialists in spreadsheets and abuse them to gain visibility into their work.

This means that the ERP in place does not (or not simply) manage certain functions and that you continue to invest in a solution that no longer meets the needs of the company.

The impact on your business

Have you lost business to competitors who offered better lead times or better service rates ?

The ERP may not be the only culprit in this, but the system prevents or limits your responsiveness, your ability to answer questions from your customers or deliver products on time.

The adequacy of ERP software with your growth

Your company grows and evolves faster than your information system can assimilate, you feel the need to better control your processes.

Your ERP Software solutions in Dubai prevents you from following the implementation of new processes or technologies? Your supplier no longer offers you an update and cannot respond to your requests for new features?

Accessibility and readability of dashboards
Policymakers are frustrated with not being able to easily access the information they need on trends, numbers, their market.

The implementation of an ERP solution must be a "facilitator" that improves customer satisfaction and business productivity. At no time should it be an obstacle to the development of the company.

Your current solution is no longer in line with market standards, so don't wait any longer!

If you are currently looking for a solution, we invite you to read our article on the criteria for choosing the right ERP.




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