SERVICES IN DETAILS : 

1 – AUDIT & ASSURANCE:

 

I . Financial Statement Audit:

The Cardinal Objective Of A Financial Statement Audit Is To Provide An Independent Assurance That The Management Has, In Its Financial Statements, Presented A “True And Fair” View Of A Company’s Financial Performance. It Adds Credibility To The Reported Financial Position And Performance Of The Business.

II. External Audit : 

External audit / External auditors are important to establishing credibility and to ensuring compliance with relevant laws. They ensure that the financial practices of a business are in line with IFRS “International Financial Reporting Standards” and to spot real or potential problems. We confirm that an organization’s claims about its financial position, its profitability and the process behind these claims, are true and fair , Our main objective as external auditors is to determine whether, in the auditor’s opinion, the statements present fairly in all material respects – that is, we show you a true and fair view in all material respects of the company’s financial position, results of operations, and cash flows, in conformity with IFRS “International Financial Reporting Standards”In Royal Finance  we provide you with proper auditing and proper financial records to comply with the tax law properly. And to cope with the law with no difficulties, your financial statements will be more credible, also we examine book keeping records without the filter of personal relationships clouding their judgment, the financial statements will tell the unvarnished truth, and their impartial inspection could keep your business from taking a major loss.

 

III. Internal Audit :

 

Internal Audit has become an important element in the assurance environment of many organizations and a valuable tool and contributor to managing risk more effectively. Specifically, internal audits may identify issues impacting Accurate processing, Policies and procedures in place, Safeguards against fraud risks, Operational risks and, information systems controls. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. It is a cornerstone of good corporate governance in organizations and can play an important role to improve management and accountability, both financial and non-financial. Its play a pivotal activity to provide assurance to the board of directors, the audit committee, and the chief executive officer, and stakeholders that the organization is governed effectively.

In Royal Finance  our internal auditors can assist management in the decision to avoid, share, reduce, mitigate or accept risks (and can identify costs and benefits associated with each option). Owners can gain insight for improving processes, performance, controls, and risk management and for reducing expenses, enhancing revenues, and increasing profits, and its help boards and senior executives better manage enterprise risks.

 

IV .Risk Management:

Risk management is the identification and prioritization of risks followed by coordinated and economical application of resources to reduce, check and control the likelihood and impact of adverse events or to maximize the awareness of opportunities. Risk management’s objective is to guarantee that indecision and hesitation does not repel the effort or attempt from the business goals.

 

2-ACCOUNTING AND FINANCIAL SERVICES:

I .Accounting And Financial Reporting :

We Offer A Wide Spectrum Of Accounting Services That Answers To The Financial Needs Of Any Business In The Global Market. We Ensure That The Financial Statements Are Complying With International Financial Reporting Standards (IFRSS) And We Are Committed To Keep The Highest Level Of Professional Standards And Quality.

 

II .  BUSINESS ADVISORY SERVICES :

We Provide Advisory Or Consulting Services And Solutions To Start-Ups As Well As Established Companies And Organizations Of All Sizes. The Market Intelligence Based Consulting We Provide Is A Unique Support For Our Clients Strategic Planning And Operative Decisions. All Businesses, Small And Large Require Sound Financial Management And Controls Systems In Place. Our Strategic Financial Management Helps In:

Financial Management Consultancy , Operation Management Consultancy , Internal & External Financial Re-Construction , Fund Management

3 –TAX SERVICES :

In a move to provide the country with a new source of income, the UAE government introduced VAT, from January 1st, 2018 ,  VAT will be charged at a standard rate of 5 %.

VAT registered businesses must charge VAT on taxable goods or services they supply and can reclaim VAT they have paid on business-related goods or services.

Tax Agency TAN No . 30004550.

Tax Agent TAAN No . 20046173.

• Tax Consultancy
• Tax Agency Services
• Paid Taxes Claim Services

 

4 – OUTSOURCING SERVICES:

In today’s dynamic, and challenging business environment, CFO plays a very important and strategic role in creating optimal capital structure, driving the strategy of the company across the organization by linking it with the budgets, business processes, performance of the team, creating information system which can be analyzed strategically so as to provide key insights to the top management on key business drivers, business performance and which helps to achieve strategic goals and thereby maximize wealth of shareholders. Most SMEs owner/key persons recognize the need for this expertise but cannot afford to have full time CFO. We understand this challenge of businesses and hence we provide CFO service to SME sector.

5- Procurement Consulting : 

Strategic Sourcing, Supply Chain Solutions, and Procurement Consulting Services by Royal Finance

Royal Finance the premier Procurement Services Provider, helping organizations address all aspects of their procurement and sourcing operations to achieve savings and improved supplier relationships.

With decades of experience building strategic sourcing best practices and bleeding-edge procurement processes, Royal Finance  has helped dozens of organizations realize billions of hard-dollar savings in their procured products and services. While doing so, Royal Finance  helped to increased efficiency, responsiveness, and flexibility in those supply chains.

Our exclusive strategic sourcing and procurement consulting services include:

Spend Analysis

We assess and categorize the entirety of your spend to provide an assessment for savings opportunities. We bring together disparate, decentralized data through cleansing, standardizing, and enhancing to get to the right level of detail within and across all applicable categories. We’ll categorize everything to provide you the best visibility for decision support.

Spend Analysis Learn about Royal Finance  success in spend analysis.

Leveraging dynamic market intelligence from thousands of sourcing events across a variety of industries, we possess the dedicated resources and time to create a benchmark report with tailor-made recommendations. Our cross-industry experts have achieved hard dollar savings, and you can rest assured the bench-marking results we deliver will be actionable, not generic.

Bench-marking Services Learn more about Royal Finance  custom bench-marking expertise.

Royal Finance  optimizes sustainable advantages and savings through supply industry best practices. Through our industry-leading sourcing techniques, we help clients meet their current and future business needs.

Find out how Royal Finance  is the strategic sourcing service leader.

Strategic Sourcing for Indirect Spend Strategic Sourcing for Indirect Spend

We’re the pioneers of managing indirect spend and harnessing strategic sourcing to enhance profitability. Learn how Royal Finance  is always on the cutting edge of Strategic Sourcing for Indirect Spend.

Direct Spend Management Strategic Sourcing for Direct Spend

Royal Finance  has the expertise and market intelligence to help you manage spend for raw materials and customer-facing services. Source One is your go-to for Direct Spend Management.

Low Cost Country Sourcing Low Cost Country Sourcing

We have the right resources and partnerships to help you save time and energy in strategic sourcing from low cost countries. Click to see more about how Source One is your trusted partner for Low Cost Country Sourcing.

Procurement’s ongoing strategic evolution cannot continue unless the department develops a category management plan. The function must familiarize itself with the goals, objectives, and metrics of its peers within the organization. As a category expert, Procurement will engage Marketing, IT, Finance, and other units more effectively and drive greater value.

Spend Category Management Learn more about Royal Finance  Category Management services.

Strategic Sourcing and Procurement teams must work in lock-step with corporate strategy. When they’re not in lock-step, procurement transformation may be in order, which requires a full-picture view of current state against desired end-state, and a comprehensive gap analysis. Beyond generic recommendations, you need a full analysis of your people, processes, and technology against your peers and industry best practices.

Procurement Transformation Advisory Royal Finance has the experience to guide Strategic Sourcing and Procurement teams through these critical transformation activities.

The Procurement Technology landscape is a crowded and complicated one. Even seasoned supply chain professionals can find it challenging to identify solutions that will help them deliver on their business objectives. To make matters worse, many providers are leaving the consultative space. Royal Finance  Procurement Technology advisers close this gap with their end-to-end support model. We’ll assist your Procurement team in navigating the market and engaging with best-fit suppliers to produce a greater return on investment.

Procurement Transformation Advisory Reach out to Royal Finance  Procurement Technology Advisory team to select and implement a best-fit Procurement solution.

 

6 – Human Resources Consultancy  :

HR administration is increasingly challenging, both at home and overseas, with no two markets the same.

Royal Finance, is able to act as your local HR department, helping you streamline operations and reduce costs. Royal Finance  local offices can handle HR processes and procedures on your behalf and help you maintain a globally and locally compliant operation, freeing up your time to focus on core business activities.

We specialize in working with companies who have a smaller local workforce, from 1 to 3,000 employees and offer a broad range of services.

Royal Finance  are the leading experts in payroll processing, handling more than 50 million  in salary payments annually. We can advise on visa, immigration and work permit applications and manage the process for you. We can also induct new staff, work with you on translating your global HR policy into local processes, offer re-location consulting and help with more general HR advice and support.

 

7 – Facilities Resources Planning Consultancy :

The strategic facility planning process can be defined as the process by which a facility management organization envisions its future by linking its purpose to the strategy of the overall organization and then developing goals, objectives and action plans to achieve that future. The result of

the strategic facility planning process is the strategic facility plan.

Royal Finance , in its “Project Management Benchmarks Survey 2002,” defines the strategic facility plan:

“A strategic facility plan (SFP) is defined as a two-to-five year facilities plan encompassing an entire portfolio of owned and/or leased space that sets strategic facility goals based

on the organization’s strategic (business) objectives. The strategic facilities goals, in turn,

determine short-term tactical plans, including prioritization of, and funding for, annual facility

related projects.”

This definition provides the timeline and alignment needs for a SFP, and gives the focus on the

entire portfolio for any given organization. However, some organizations utilize different nomenclature for different planning tools. This generic definition aims to provide a standard definition and a

standardized time frame for review and update of SFPs that meets the need of most facility management professionals.

Master Plans Versus Strategic Facility Plans

Since facility management is still considered an emerging field, one goal of this document is to

avoid confusing terminology and set a standard for the facility management profession to move

forward. One area of confusion for many facility managers concerns the questions: How does a

master plan differ from a strategic facility plan? Is a campus plan part of a master plan or something else? Currently, architects, consultants, builders and different organizations define these

terms differently.

The three key outputs of facility planning are the strategic facility plan, the master plan and

the annual facility plan (often referred to as an approved budget or generically as a tactical plan).

However, confusion exists between master plans and SFPs since they may both answer the

same question: What building, buildings and space are needed to support our strategic goals?

Strategic Facility Plan

The SFP identifies the type, quantity and location of spaces required to fully support the organization’s business initiatives and should be framed within the organization’s vision. The SFP includes

three primary components: an understanding of the organization’s culture and core values and an

analysis of how existing and new facilities must manifest that culture and core values within the

physical space or support their change, an in-depth analysis of existing facilities—including location, capability, utilization and condition; and an achievable and affordable (approved) plan that

translates the goals of the business plan into an appropriate facility response. To ensure new facility projects are business-driven and further the overall mission of the company.

 

8 – Administrative Consultancy and Studies :

Royal Finance  provides corporate administrative services to international clients that establish  companies, partnerships or trusts. These services are required by such entities that do not have a physical presence  but choose to sub-contract the on-going corporate administration and management functions to corporate service providers .

The following services are available:

Provision of Registered Office

Provision of experienced professionals as Corporate Administrators

Provision of Resident Representatives, Secretaries or Directors

Maintaining company records  including its Minute Book, Share Register, and Register of Directors and Officers

Filing statutory documents with the Government Authorities

Access to corporate attorneys on compliance issues under UAE Law

Coordinating Shareholder and board meetings

Regular reporting to clients on the status of companies

Management of the business  (when required) which includes preparation of accounts, making payments and generally managing the affairs of the client

Attending to corporate governance relating to company meetings

Corporate and regulatory compliance  .

 

9- Economical Feasibility Consultancy And Studies :

United Arab Emirates, is one of the most preferred places for entrepreneurs in the world. However, a Feasibility Study in UAE  is essential to make the initiative successful. In this way, an investment can be provided to an area with more returns, where necessary, as needed. The feasibility studies provided by our company include Financial studies, Technical studies, and market research Studies that will enable entrepreneurs to be successful.

The Importance of Feasibility Studies in UAE

The United Arab Emirates, which ranks first among the richest countries in the world, is known for its activities in many sectors. The share of external investments in the region is also quite large. A feasibility study in this region, reviewing the situation of the markets before the realization of the investment, is worthwhile to carry out a detailed market review in line with the country’s economic activities. In particular, entrepreneurs who have only been to touristic purposes, even if they have never been or have gone to the country. will be able to get to know the country better through these feasibility studies  Apart from this, entrepreneurs who have already engaged in various commercial activities in this country are also benefiting from the constantly changing market conditions n the feasibility study services offered by our company, I the current conditions of the country are evaluated in the finest detail and appropriate information is provided to you

 

How to Make the Most Efficient Feasibility Study in UAE ?

The feasibility study in UAE is prepared as a result of extensive research in the technical sense. In other words, doing a feasibility study for an investment or undertaking means investigating how much work can be done When starting this study, first of all, it should be investigated which sector to be active. The sectors with the highest yields in this region, the market share of these sectors to investigate the proportion of the new work is done in order to avoid bad surprises. Our company which shares the experiences of years with you opens the doors of the most profitable enterprises with the feasibility studies it provides. Accordingly, the market review section of the study constitutes a summary of the subject and then it is necessary to investigate the legal procedures applied in the country in order to provide activities in this sector. After this, the economic, technical and organizational aspects of the work planned to be done are evaluated and if this work is established all the pros and cons of entrepreneurs are evaluated.

What are the benefits of consulting and feasibility study in UAE ?

To ensure the strong investment of the business world, to grow and to develop, first of all, these investments need to be built on solid foundations When it comes to a new business and, in particular, an initiative in a foreign country, it is even more important to plan it together with all its details. The feasibility studies that we provide to you with our expert team and the reports prepared in line with this are a summary of all the initiative activities you are planning to do in a world giant like UAE. It is proven by researchers that the initiatives carried out without adequate research and planning in any sector have not made much progress. It is also an important act to be aware of the legal requirements that are being implemented in this area, even if international entrepreneurial activities are built on successful plans. You can get in touch with us to learn more about this topic and to implement your entrepreneurial ideas successfully.

 

10- Marketing Consultancy And Studies :

When a company needs to outsource marketing efforts, it is often time to seek out marketing consultants.

Royal Finance  is an outside advisor who works with companies to create and implement marketing strategies.

Royal Finance  helps create a detailed marketing plan, determine a business’s marketing message, and identify the appropriate marketing mix to get the message out to the target market. Most consultants are also involved in implementing the marketing strategy. They often help monitor results and tweak campaigns as they go to ensure that companies get the best results from their marketing efforts.

When to Hire Royal Finance

Both small businesses with no marketing experts on staff and large companies with a dedicated marketing department can use the advice of a marketing consultant. Hiring a marketing consultant can:

Supply specialized skills and expertise that a company lacks.

Provide an external viewpoint to internal challenges.

Prompt a new perspective on customers or marketing strategies.

Allow a business to focus on product development and overall operations.

What Skills Should Marketing Consultants Have?

Marketing consultants need a mix of technical and soft skills to work effectively with their clients. These consultants are skilled in marketing, business, communications, and psychology. Many will also specialize in specific areas of the marketing process, such as:

Online marketing

Social media marketing

Nonprofit marketing

Print or TV advertising

Public relations

Direct response marketing

If your business is considering hiring a marketing consultant, look for Royal Finance one who can show both creative thinking and practical, results-driven analysis. Anyone you hire should be familiar with the consumer behavior of your target audience and willing to work collaboratively to achieve the best possible results, not just for their own portfolio but for your business’s goals.