What is outsourcing and how to benefit from it?

 It can be said that outsourcing is the strategic use of external resources to complete the tasks that are traditionally performed by the staff of a company. In simple terms, to define what outsourcing is, it should be noted that, since not all work can be carried out internally, outsourcing makes it possible to delegate specific parts of a project or a service offer to third parties, service providers. Efficient services, who are experts in that particular field.

 What is outsourcing?

 To break it down even further, we could say that outsourcing is the process by which a company seeks the support of an external firm to carry out specific tasks, so that they can remain focused on the core / most important aspects of their business.

  It is easier to understand what outsourcing is with examples. Thus, in the case of a software development company, the main strength of the business lies in the design and creation of innovative applications, but there are other important parts of the company, such as payroll processing, IT infrastructure or the Customer Service.

  Dedicating oneself to these activities, which are not part of the core of the business offer, implies taking time away from development and, therefore, those who know what outsourcing is and what benefits it has do not hesitate to turn to third parties. Outsourcing & Payroll provides the opportunity to obtain the services that are needed, at a lower cost and with the expert guarantee of offering the best results.

 What types of outsourcing exist?

 When talking about what outsourcing is, it is inevitable to mention the different types of outsourcing that exist. They are three:

 ·         Business Process Outsourcing, which involves a third party taking care of certain operational functions, for example, customer services, payroll, accounting, or inventory.

·         Outsourcing of knowledge processes, an option that requires more advanced technical skills, since this is required for the services that can be outsourced in this category, such as legal, content writing, research and data analysis, among others.

·         Information Technology Outsourcing, including specifically technology-based functions such as software and application development, network administration, and web development.

 What are the benefits of outsourcing?

 If there were no outsourcing, the cost in time and money of completing any process would be incredible. Let's start by assessing what it would take to write a report. We are not just talking about data and its analysis, we also need graphics creation applications, word processors and, of course, a computer. Although it is an extreme example, it is clear that starting from scratch is hard in most situations and that outsourcing saves a lot of money.

  In addition, those who understand what outsourcing is, are also aware of some additional advantages, such as:

 ·         Boost to efficiency. Outsourcing provides the opportunity for businesses to take advantage of the many years of experience and know-how of the contracted company.

·         Possibility of putting all the attention in the central areas of the business. Outsourcing specific tasks to third-party professionals frees up time and energy that can be channeled towards branding or used to invest in research and development, while ensuring that you can offer customers better value and services.

·         Access to qualified resources. Thanks to understanding what outsourcing is, it is no longer necessary to train and train staff in new tasks.

·         Opportunity to offer a more agile and improved service. Outsourcing makes it easy to turn ideas into products in the shortest time possible.

 Outsourcing is present and future at a time when companies are becoming more flexible and beginning to develop horizontally. Do you already know what outsourcing is? Ready to put its advantages at the service of your business project?

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 The audit is one of the best known financial resources. Although it does not always have the same objectives, since these vary in each case, in a generic way it can be defined as an examination of the accounts and assets of a company, as well as the result of internal operations.

 What is an audit: definition?

 An audit examines and evaluates the operation of a company from one or more perspectives. You can focus on your finances, your accounts, quality or job security. It can be oriented towards a specific goal, such as sustainability; or limited to ensuring that the organization aligns with the enforceable regulatory requirements.

 Audits look at things like financial statements, ledgers, processes and procedures, workspaces, or products to be marketed. Many companies have routine audits once a year, while others only does them on time, for specific reasons.

 What is clear is that, in addition to being great allies of compliance, audits can help to detect problems within the business and, in the long term, help to direct the company and boost its results.

 Who can do an audit?

 An audit must be carried out by a person in charge or a group of people specialized in this matter, that is, who have a corresponding qualification and demonstrable experience, in addition to having independent criteria.

 Objective pursued by the audit

 Every audit has the objective of preparing a document in which the results of the process are collected and that, at the same time, serves as a reference for third-party agents, whether they are members of the company itself or of an official body or institution that has requested the start of the Auditors in Dubai.

 Audit characteristics

 There are six auditing principles, on which auditing is based, in accordance with the ISO standards:

 ·         Integrity: any audit must be based on professionalism.

·         Fair presentation: Each audit has a responsibility to report its findings not only accurately but also truthfully.

·         Due Professional Care: Each audit should be conducted in such a way that good judgment and due diligence are applied to the process.

·         Confidentiality - Much of the information that is collected and shared during an audit is confidential in nature. Your safety must, therefore, be properly ensured.

·         Independence: the audit, whether carried out by an internal or external auditor, must be impartial and the conclusions must be objective, without being influenced by any member of the organization's management.

·         Evidence-based approach: The audit conclusions must be reached in a rational manner and must not only be reliable but also reproducible. The only way this is possible is for the audit process to be systematic and evidence-based.

 Main types of audit. Which one suits me best?

 Auditing as a legal resource has evolved in recent decades, giving rise to various specialties. At present, 5 main types of audits are known that differ basically by the objectives and the agents that carry them out.

 What kinds of auditing are best for the business?

 Let's see what each of them consists of:

 1. External or legal audit:

 This is an examination of the accounts that is carried out by legal request. The idea of ​​the procedure is to verify that the financial status and operations of a company agree with the official records. In these cases, the auditor is an independent person who has nothing to do with the company.

 2. Internal audit:

 In this case, it is an evaluation process carried out by the members of the company itself. The objective is almost always to review the processes that take place in it and from there to propose solutions. This audit is voluntary or at most requested by management.

 3. Operational audit:

 Its central objective is to increase the performance of a company. Although it can be performed by both an external agent and an internal agent, what is sought is to review the procedures that are part of the day-to-day life and improve the level of productivity. In other words, it goes beyond the review of financial statements. A good example of this type of audit is the one carried out to determine whether a company meets minimum quality standards.

 Read also: ERP Accounting Software solutions in Dubai

 4. Public or government audit:

 It is the one that is carried out directly at the request of a government entity. Its objective is to review the financial statements of companies and identify any type of irregularity, such as tax evasion, unjustified financing or non-compliance with labor laws. In United Arab Emirates, this task falls to the Court of Accounts.

 5. Computer audit:

 Almost all companies depend on computer systems. Therefore, it is necessary to carry out an evaluation from time to time and, if the case requires it, update and adapt them to the requirements of the context. The two main types of computer audits are those carried out in computer systems (ICS) and those of electronic data processes (PED).

 Other kinds of audit

 It is worth underlining that in recent times, types of audits specific to the context in which we live have emerged , such as environmental auditing, ethical auditing and economic-social auditing, among others.

How to establish effective business strategies?

 A business strategy describes the "big picture" strategy of a company. The development of this strategy deals with the problems that affect a company and is developed at a high level in the company such as with the board of directors, the senior management team, etc.

 For a business strategy to be effective, it is beneficial to understand what it entails, and the most common obstacles to face.

 If, for example, your ERP project team does not adopt innovative strategies, they may lag behind market rivals. This usually occurs because there is a bias that favors the way things have always been done.

 Strategy has to do with change, and you must have a change mentality to achieve it, you must plan, deal with doubt, and opposition to the change that you may face.

 A Business Consultant in UAE generally faces tight deadlines due to scheduled publication of board meetings or obtaining reports.

 External deadlines can make it difficult to deliver optimal results, for this you can bring together teams from various sources to meet strategic objectives that meet these deadlines. You are only agile when you develop the ability to combine and assemble the assets necessary to meet objectives and deadlines. The above challenges only represent some of the obstacles you may face.

 Part of a business strategy is to determine the short and long-term objectives that the company must meet, financial objectives can be addressed, increase the company's income by 20%, or intangible objectives, by determining the objectives, a direction can be created For everyone in the organization, strategies can later be developed that can help you meet your goals.

 It is very important to use research to drive your planning process, gather all the information about the weaknesses and strengths of your competitors, and thus create a strategy that provides a competitive advantage, you will also need a comprehensive understanding of the state of your industry in order to find emerging opportunities.

 Market research is also essential, by understanding your customers you will find that it is easier to attract and serve them.

 The core of any business strategy is the allocation of resources; This is when tough decisions are made regarding where to spend money. It's important to allocate resources in areas that you think offer the best opportunities. A team for the creation of your business strategy is crucial, as the CEO or senior management officer, it is up to you to make sure that the right people are gathered to create a strategy that helps the company achieve success, remember that, to As your business grows, business operations become more complex and can expose weaknesses in your management team. Anticipate these changes and bring in new talents as your current team members develop skills and abilities with ongoing training and education.

 Read also: Auditors in Dubai

Developing a business strategy, regardless of your industry, is a complex and challenging process, many business teams cannot do this without outside help due to the complexity of the process.

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?

CRM ERP software: how it works and the main types

 What is CRM software

 The acronym CRM refers to a Customer Relationship Management software, that is a set of applications that allow the management of the interactions of a company with its customers. A CRM ERP software allows you not only to manage data relating to your customers, but also to analyze them and optimize the relationship with customers and prospects by keeping track of all the actions carried out and setting up ad hoc campaigns, thus becoming a tool of great strategic importance. for both the sales department and the marketing department.

 How does it work

 A CRM ERP software allows you to store and manage all information relating to customers, such as contacts, meetings held, conversations via email and telephone, events in which they participated, the campaigns they joined, collecting them precisely from different channels and storing them in a structured way within a single unified database.

 A CRM-type software allows you to organize and plan actions and strategies aimed at improving the level of customer satisfaction and loyalty, thus leading to an improvement in the Customer Experience for the customer and an increase in sales for the company. A software of this type also makes it possible to automate some activities, both of the daily operational type on the marketing side, and as regards customer care and customer support services.

 The main types of CRM

 CRM oriented to lead generation

 This type of CRM ERP software is aimed precisely at the scrupulous tracking of all potential customers along a hypothetical sales process, recording tastes, needs, preferences for each possible new customer and developing strategies to ensure that they choose their product by transforming themselves. in a new customer.

 A lead generation-oriented CRM software, keeping track of all the interactions that led from the first contact to the sale, is also essential for the coordination of a sales team, which will operate in a more coordinated and more targeted manner.

 Marketing oriented CRM

 A CRM ERP software oriented to marketing activities includes tools that facilitate contact with customers and prospects, follow-up tools. But not only that: marketing-oriented CRMs also allow you to plan inbound marketing activities and to structure marketing automation workflows, for example with tools that allow you to automatically send an email to a user who clicked on a specific banner, opened a link within an article or visited a landing page.

 Read also: Are you looking for ERP Accounting Software solutions in Dubai

 Contact-oriented CRM

 Contact-oriented CRM applications are those whose goal is precisely to create moments of contact and dialogue with the customer, exploiting the information already available such as their tastes or needs deriving from previous purchases, but also occasions such as his birthday.

 A CRM solution of this type also favors the collection of further information on the customer, in order to be able to increasingly enrich the pool of data useful for nourishing relationships with him and having always updated information.

 Conversation-oriented CRM

 A conversation-oriented CRM ERP software focuses on the tools normally used to communicate with customers, such as the mailbox and telephone calls, but also social networks. The CRM system is able to maintain the organization of all the conversations held by the company with each customer, within the customer's profile. It will therefore be much easier to trace the history of all the activities carried out by the people in the team and make sure that each person is able to access always updated information.

 

Read also: Auditors in Dubai | Accountants & Auditors UAE

5 characteristics of a winning business

 Planning and maintaining a winning business is an adventurous journey for an entrepreneur, a journey that must be undertaken well equipped, with a sturdy and equipped backpack on the shoulders. Before deciding if, how and what to invest in, it is good that you pause to reflect on the characteristics that a business must have to be successful and maintain its success over time. These will be the essential starting point of your business project.

 5 characteristics of a winning business

 These are the 5 main characteristics of a successful business:

 # 1. A winning business is an organized business

 L ' organization is definitely the first and fundamental characteristic that belongs to a successful business. For a business to be long-lasting and successful, it is essential that it is well organized, even before starting it. This means that the entrepreneur must have a clear idea of ​​how to plan and design the business, in what direction to make it evolve, how to manage it effectively, how to save time and money, how to use human resources and how to achieve prefixed goal.

 Read also: Best Auditors in Dubai | Auditors in UAE

 How to organize your business? I can teach you a truly effective and replicable method for starting and maintaining a successful business. This is the home business method, which you can learn more about by reading the post doing business: the home-business method.

 

#2. A winning business is a conscious business

 

For a business to be successful, it must be aware. What does this mean? It means that all the people surrounding the business must be aware and well informed: the entrepreneur must be aware of the actual characteristics of his offer, the reputation of his brand, the corporate image and the way in which he communicates all this both to the employees and collaborators of the company and to the final customers. But, equally fundamental is that business collaborators (employees, suppliers, partners and stakeholders in general) must be aware of what are the specific values ​​of your business, what characteristics, peculiarities and advantages it offers, the way in which it is necessary to relate with your company and communicate it externally. All these elements, in fact, are fundamental to decree the success of your business over time.

 

# 3. A winning business is a provident business

 

Do you want your business to last over time? You must try to anticipate any crisis situations and, above all, you must understand how to resolve them promptly if they arise. Being provident for a business is essential in order not to fall into ruinous tumbles without knowing how to get up, at least limiting the dangerous damage that can result. Damages that, if they affect your brand reputation, are then difficult to recover and remedy. This is why market analysis and company forecasts are fundamental, because a business is successful when it takes risks but also when it does not underestimate the risk.

 

# 4. A winning business is an adaptable business

 

A business is successful if and only if it manages to be flexible and adaptable , if it manages to react promptly to market changes, if it manages to keep up with the times and to be constantly updated and contemporary, if it manages to observe society and its changes and to immerse oneself in it perfectly.

 

# 5. A winning business is a business that knows how to sell itself

 

You may have had the best Business Consultant in Dubai, but if you don't know how to sell it and if you don't know how to communicate and tell your brand, then rest assured that that idea will fail. Not only the big marketers but also the contemporary reality teach us: why is Apple a winning company? How much do big brands invest to tell their story through new digital channels? Today more than ever if you don't learn how to tell your brand, your product or your service, your business will be short-lived.

 

Do you want to become a successful entrepreneur? Do you want to learn a really effective and replicable method?

 

Why Use An ERP In Your Business?

 Once used exclusively by large manufacturers, enterprise resource planning systems , ERP, or management software , are now increasingly used by small businesses in many industries. Convenient ERP systems for businesses of all sizes have emerged. Many small and medium businesses have adopted ERP. Let's see why?

 What is an ERP or integrated management software package?

 The ERP, or ERP, is a modular software system designed to incorporate key functional areas of the business processes of an organization into a unified system.

 An ERP system consists of basic software components, often referred to as modules, which focus on essential business areas such as:

1. finance and accounting,
2. human resources,
3. management of production and materials,
4. customer relationship management (CRM),
5. Supply chain management.

Organizations choose which modules are most important for their particular business.

ERP = database shared between the modules

The hallmark of ERP software is a common central database from which the various modules of the ERP software access information, some of which is shared with other modules involved in a given business process. This means that companies that use ERP avoid having to make double entries to update information because the system shares data, which allows for greater accuracy and better collaboration between departments. Organization.

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 While ERP has historically been associated with expensive, monolithic, end-to-end implementations, cloud-based versions now allow for easier deployments, which more SMBs benefit from.

 Why use a management software package for your ERP systems business in 2020?

 Those who have never used the software may have a hard time understanding why ERP is important to their business. It is essential to research all the tools to give your business a competitive advantage. For many businesses, this is achieved through the use of ERP software.

 What are the uses of ERP?

 Enterprise resource planning systems are used by organizations looking to manage their business functions within a centralized and integrated system. ERP is commonly used by companies working within the supply chain to help them keep track of all moving parts in manufacturing and distribution.

 However, ERP can be used by a number of different industries, including healthcare, nonprofits, construction, and hospitality.

 An ERP saves you money

 Suppliers have introduced flexible pricing in recent years, ERP software is not necessarily a big investment anymore. ERP systems can provide a great return on investment.

 First, ERP unifies many of the systems that can currently be fragmented within your organization. From product development to accounts payable, your staff will be able to access all the tools they need to do their jobs from a centralized system.

 By unifying the systems, you help your staff use their time more efficiently. With ERP, users do not need to track a piece of information across multiple systems. With the central database, information is much easier to retrieve. Additionally, your organization saves money with ERP by eliminating the need for users to be trained on multiple systems. This not only reduces the amount spent on training, but also the necessary logistical efforts. Instead of scheduling multiple training sessions with several different vendors, you only need to communicate with one.

 Improved collaboration thanks to ERP

 The features of integrated management software packages may vary slightly depending on the program you are using, but in general, all systems improve collaboration in some way. As mentioned earlier, the centralized database is an integral part of what makes an ERP unique. With this database, you provide your business with a single source from which to work. This helps reduce errors due to the use of incorrect data, which further reduces costs.

 Plus, a central database helps reduce hesitation or deadlock during projects, since everyone on the team has access to the data they need across the enterprise. In addition, there is no need to merge information between different systems or sources. As all data is compiled, stored, shared and accessed through a single system, there are no concerns about the accuracy, completeness or security of the data files.

 It's not as easy to tell if your team is entering the same customer information over and over again into several different systems. Without an ERP, you invite human error into your processes when it could easily be avoided.

 More sophisticated analyzes

 A central database of information also helps you improve your analyzes and reports. Since an ERP records and stores all the data entered by users, it is an excellent business intelligence tool. Because your vendor provides powerful functionality, ERP software makes it easier and faster for your team to generate various reports. Reports that could take days of research and compilation without an ERP only take a few minutes.

 Most ERP systems provide a customizable dashboard for executives to see reports when they first log into the system. The ability to quickly access these reports allows you and your team to make better decisions, faster. You no longer have to rely on your IT staff to generate the reports you need. Finally, reports usually come with access levels, which helps ensure that only relevant staff members see valuable company data.

 Productivity improvement

 An ERP system can automate your most tedious tasks. The ERP software database eliminates redundant tasks such as data entry and allows the system to perform advanced calculations in minutes. This frees up your team members' time to do more thoughtful work, which increases your ROI when it comes to manpower. Hence, ERP increases the productivity, efficiency and profitability of your organization.

 Improved inventory tracking

 A major challenge for growing businesses is tracking and monitoring their inventory levels. ERP systems use bar codes, RFID tags, and serial numbers to control your inventory at every step of the supply chain. These tools help you keep track of inventory levels across warehouses, items in transit, and items on the shelves ready for consumers. The increased warehouse visibility greatly optimizes the process of picking, packing and shipping, eliminating all guesswork.

 Inventory monitoring also boosts reporting, as tracking technologies provide more accurate numbers. Users can configure custom KPIs to see which products are moving fastest and which are increasing transportation costs. With the greater precision provided by ERP, warehouse managers can obtain real-time data on their inventory to make more accurate business decisions.

 Better customer relationship management

 Managing your customers has never been more important. In our digital age, more and more people are turning to the internet for advice on what to wear, what to eat, and how to live a life. The opinions of previous customers are having more impact than ever.

 The best way to improve customer satisfaction is to provide customer focused goods and services. ERP provides this in several different ways. First, most ERPs have a CRM or CRM tool. With an ERP, your CRM has access to data from all business functions.

 In addition to contact information, a built-in CRM can show you details like order history and billing information. This allows your team to see your customers in a more holistic way to better understand their wants and needs. The increased visibility to your customers helps you formulate your sales strategy to improve lead generation.

 Disadvantages of implementing an ERP

Set up an ERP:

• May have a high initial cost.
• Can be difficult to implement.
• Requires change management during and after implementation.

In summary

The importance of Customized ERP Software's in Dubai far exceeds the initial cost, time, and effort required to implement if you choose the right solution. With enough extensive research and attention, you will find the ERP software that provides all of the benefits listed above.