ERP Accounting Software solutions in Dubai

TIPS TO OPTIMIZE THE IMPLEMENTATION OF AN ACCOUNTING ERP SYSTEM

 In previous publications we have addressed the importance of the ERP system for SMEs and how it can help them improve the productivity of their business lines, however, today we are going to talk about how it affects the choice of an ERP AccountingSoftware solutions in Dubai. We know that for most entrepreneurs, the installation and adaptation to this type of software tends to be more complex, which is why we are going to share with you some tips to improve your experience.

 BE CLEAR ABOUT YOUR GOALS

 If you have already chosen our point of sale software , it is necessary that both your company and all the professionals who work in it are aware of the reasons why the system has been changed and what benefits the new tool will provide them, as well as the time they will have to dedicate to contextualize it and determine its scope for the project.

 SEEK MANAGERIAL SUPPORT

 Although many times they try to play a secondary role in the day-to-day running of their companies, managers play an unavoidable role and, for that reason, they must support the implementation of the ERP, being duly informed about the progress of the project, in the event that some eventuality or situation occurs that has great impact, making correct decisions for the good of all.

 AWARENESS AND COMMITMENT

 SAP-focused software stands out not only for being safe and efficient, but also very easy to handle; However, it is necessary that as a company they organize themselves well and seek to train themselves on how to operate the system, placing its benefits in context, so that users understand the responsibility of the project.

 INTERDEPARTMENTAL COMMUNICATION

 The heavy correspondence or the old systems that they used to share information will no longer be necessary, because the ERP system allows the different areas of a company, such as finance, sales, inventories and production, to be aligned on a single objective, increasing the productivity and saving in operating time.

 Read also: Auditors in UAE

 Looking for the best consulting project delivery firm focused on SAP software? We are a company with a long history, responsible and committed to your satisfaction. To request more information, do not hesitate to contact us through the online chat.

Advantages of implementing an extended ERP

 Thanks to the great technological advancements we have witnessed, it was only a matter of time before ERP software began to evolve.

 Systems with ERP II or ERP extended will come to include other members with which the company, including customers, suppliers, employees, and partners are among other concerns. In other words, with ERP II your company will overcome its own barriers, since the client himself will be able, for example, to self-generate a budget and it will also allow him to check the status of his orders, among many other benefits.

  WHAT ARE THE MOST IMPORTANT BENEFITS OF ERP II OR EXTENDED ERP SOFTWARE

 Below we will show you what are the benefits that the use of ERP II software will bring to your company:

 Initially, it can be said that this business management software allows obtaining higher quality information, which you can use to make adjustments in those areas where you have deficiencies. These adjustments can be made based on real and reliable data, so decision making will be greatly facilitated.

 In turn, you can perform reliable statistical calculations so that future sales estimates can be carried out through sales averages. Likewise, seasonal patterns of demand are handled, they also allow the prediction of peaks and breaks and the construction of seasonal predictions for newly introduced products.

 What do you achieve with this? You can come to anticipate with total security the future requirements of your customers; consequently, you can make in advance the purchase orders of the relevant materials to carry out said production.

Read also: Six questions to ask every ERP software vendor

 As mentioned above, extended ERP is able to overcome the lack of communication that exists between the three main factors: the company, the suppliers and the customers. Why? Well, very simple ... this is because the provider becomes one of the main allies, which is able to help satisfy all the needs that customers have, since they are able to provide us with experiences, skills and abilities.

 In addition, it is possible to optimize the management of the warehouse, since it is fully aware of the production requirements. By optimally managing said deposit, purchase orders for materials will only be issued when strictly necessary.

 A very important point about ERP II software is that they are able to offer you a large amount of information about your customers. Being a high quality and reliable information, marketing campaigns can be launched that are segmented, which are aimed at groups of consumers with certain characteristics.

 With this, you will ensure that these marketing campaigns are very effective, managing to cover the particular needs that your customers have, in addition, you will get satisfied customers and consequently their loyalty.

 The ERP software is able to reduce the total costs of the company, therefore, are increased profits, but mostly profit margins. Although initially the cost of implementing this ERP Software solutions in Dubai, in a long period of time, the initial cost will be fully covered by its benefits.

 It is also important to mention that the information stops circulating in a single way throughout the entire value chain, instead it develops in a circular way , that is, all the information that comes out also comes back, thus achieving constant high-quality information and thus be able to reduce the chances of errors.

 The incorporation of an extended ERP in your company involves an entire organization and interrelation of the information that your company collects throughout all its processes. It is for this reason that this business management software facilitates the activities that are carried out, as well as being able to avoid duplication in the work carried out by your company.

Read also: Auditors in Dubai

Audits: What is a limited review?

 At AAA-CAS we have provided auditing services to companies for a good number of years , we are characterized by our personalized service to each of the companies, which are usually Arabic SMEs.

 Our basic principle is to understand that there is no single solution for all company problems, but that each company is different and therefore will require different treatment and solutions from the rest. This means that we adapt to the exclusive demands of your company, instead of having a general action plan for all of them.

 We have a series of values ​​and principles within our audits that give us reliability and are a guarantee of quality.

 Audit requirements and different modalities

 Today's audits require a large number of legal assumptions that apply to their increasingly complex and exhaustive financial statements. Shareholders ask for more and more information about the company's accounting and financial statements, therefore the audit requires a very laborious field work, work that AAA-CAS does for you and your company.

 Among the services that we offer you Auditors in Dubai , the account audits, limited reviews and work with independent experts stand out.

 Aspects of a limited review

 The so-called limited review is a kind of examination of the financial statements of the legal and accounting company, in which a certain number of processes are applied, which will allow the professional to provide information on whether there are relevant deviations regarding the practices and correct accounting regulations and other types of events that come to your knowledge that may significantly affect the financial statements.

 The procedure of this review is carried out by asking questions to the senior representatives of the company and also carrying out some analytical and review processes. It is about doing all this as accurately as possible, that is, outside of any type of error.

 The things that we do not include in a limited review range from studying and evaluating the Internal Audit and control system reviews in UAE, testing the different financial statements of your business or corroborating the questions that are asked during this review process.

 The process ends with a report that we issue from the audit, a report that is expressed clearly so that it can be understood by anyone interested in it.

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https://www.issuewire.com/3-tips-for-selecting-an-erp-system-1720374880581001

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Everything you need to internal audit

Having a control system within risk management allows us to monitor and monitor the correct operation of the processes. There are a large number of audits , but the internal one focuses on meeting the organization's objectives. This is an activity that is done independently in order to generate value and improve business operations.To know more visit the link-

Business Ideas 9 Business Ideas for 2022

 Also for 2022 there are many aspiring entrepreneurs in United Arab Emirates. In an increasingly thriving and competitive business environment, there are many elements that make the difference between a successful business and one destined to fail. Often, however, having the right business idea can allow you to start a profitable and satisfying business.

The "right" business idea means not only choosing a trendy sector with a high potential, or an original activity, but also knowing how to give the activity an innovative format and connotation compared to the competition already present on the market.

Below we present 9 business ideas based on the major trends expected for 2022 and selected based on our experiences and evaluation criteria.

1. Gluten Free Foods

The “gluten free “food sector is on the rise. Not only that, thanks to greater diagnostic accuracy, the number of people intolerant to gluten or celiac is constantly increasing, especially in Europe, but greater attention to food needs and a healthy lifestyle make gluten-free food activities highly profitable. . Whether it's opening a restaurant, a cafe, a bakery or even a packaged food store, with the right attention, other food intolerances and specific nutritional needs, the business is a winning bet for 2022. And also for the next few years.

2. Services for Animals

As with people, the service sector is a winning investment for four-legged friends. The growth trends of the animal sector are such that starting a business of products and services dedicated to them could be a profitable and successful bet. Among the most innovative businesses we find funeral parlors for animals or restaurants and ice cream parlors dedicated to them, with an ad hoc menu, but also starting a nutritional consultancy, pet sitting and boarding for animals, or even a self-service dog wash, they are Business Consultant in Dubai  with high potential.

3. Elderly Care

The elderly care sector proves to be highly profitable also for 2022. For aspiring entrepreneurs who are passionate about social issues and with an empathic predisposition to human contact, entering the sector of services reserved for the elderly is one of the most profitable and long-lived businesses in which it is currently possible to invest. From caring services to home and hospital care, passing through specialized nursing assistance services, diagnostic tests at home, nursing homes or simple accompanying and assistance services for daily tasks. All of these are excellent business ideas, very successful for the 2022 and the high longevity rate for the future.

4. Ecological Mobility

The mobility sector is evolving and with it its potential. Among the most successful business ideas in the car and motorcycle sector for 2022 we find ecological activities, i.e. those businesses that by offering innovative services or products contribute to the reduction of environmental impact and pollution, through mobility, or related services. , more sustainable and "green". Among the most profitable businesses we find the washing and sanitizing of vehicles using steam, ozone or biodegradable detergents, as well as electric vehicle rental services (motorcycles, scooters, cars, scooters, etc.).

  5. Home deliveries

Great interest, also for the years to come, is collected by the home delivery sector. Together with the increasing diffusion of electronic and online commerce, the home delivery sector is expanding the range of products covered as well as the formats and services at a frenetic pace. For those who want a highly profitable, trendy business with potentially very low start-up costs, entering the home delivery sector is a winning investment for 2022 and destined to remain so for the next few years. Together with home delivery of food (food delivery) which is still the most profitable, other interesting services such as the home delivery of medicines, alcohol, shopping or other food and non-food items, are having increasing success.

6. Digital Coaching

To date, the presence on the web is essential for any small or medium-sized business, but also for individuals who want to "sell" their image as influencers, public figures and bloggers of various kinds. A professional figure that is spreading, even if still timidly in United Arab Emirates, and that promises an interesting idea of ​​an independent and entrepreneurial career for 2022 , is that of the digital coach. A digital coach is responsible for directing, guiding and supporting individuals, as well as companies, regarding their presence on the web through online communication campaigns, presence on social networks, creation and management of a website, blog or e-commerce, in order to create and consolidate the brand, corporate or personal reputation, increasing notoriety and turnover. To put this business idea into practice for 2022 there is no shortage of professionalizing courses, even online and the business is cheap to start and manage (as it can also be carried out from home with basic technological equipment) and has a high flexibility in timetables .

7. Photography for the Web and E-Commerce

We still talk about the web and online commerce. E-commerce sites focus heavily on product presentation. At the base of the photographs of the products on sale or promoted there is not only the need to make the customer understand the quality and specifications of the product, obviating the lack of direct contact as is the case in physical stores, but also real promotional and communication strategies to incentivize and increase sales and sharing on social networks and among users. For this reason, an increasingly requested professional figure, both as a freelancer and as an employee of communication and marketing agencies, as well as an interesting business idea for 2022 is the photographer for companies that need captivating images for blogs , e-commerce sites , but also optimized for social media communication .

Read also: Auditors in Dubai

8. Agencies for "Health Travel"

As in other parts of the world, even in United Arab Emirates “health travel " has been a trend that has been on the rise for some years now. It is estimated that today there are over 350,000 United Arab Emirates who decide to make this type of stay abroad. The health trips are trips to foreign countries sometimes primarily for use of health services, surgical, wellness or beauty of that place. To encourage United Arab Emirates to embark on these trips are the more competitive prices presented abroad, but often also a higher quality thanks to the high number of interventions carried out annually. Along with this trend, therefore, travel agencies are increasingly in demand who carry out a service of organization of the entire itinerary, including the medical / aesthetic / health services necessary for the customer as well as the more purely tourist services. A very successful business idea for 2022 could therefore be to open an agency specialized in health travel which, however, in addition to organizing everything, is also able to offer initial medical advice in the diagnosis and identification of the best. Treatment.

9. Event Management

The organization of events is a sector that does not present a crisis and on the contrary evolves and grows together with the market trends. While it is also possible to address this target, we are not talking about organizing private parties, birthdays or weddings, but rather about organizing professional events . L ' event management in the workplace and in the workplace is now one of the instrument communication and marketing more and more important. One of the major trends for 2022 therefore involves the idea of opening an event management business , starting a specialized agency, working as a freelancer or even as an employee at third-party agencies. The work of the event manager is to organize down to the smallest detail every aspect related to cultural, sporting, political, corporate and commercial events (fairs, congresses, sports matches, conferences, meetings, etc.). To enter the sector there are several professional courses and masters specialized in event management, as well as the possibility of practicing in the field as an employee.

 

 

Everything you need to internal audit

 Having an adequate inspection and control system is the key to meeting the organization's objectives.

 Introduction

 Having a control system within risk management allows us to monitor and monitor the correct operation of the processes. There are a large number of audits , but the internal one focuses on meeting the organization's objectives. This is an activity that is done independently in order to generate value and improve business operations.

 Sometimes it is carried out by agents external to the company, better known as auditors who are in charge of carrying out an evaluation of the organization, to verify if the management system is adequate, efficient and effective.

 In the following eBook you will find all the information related to internal Auditors in Dubai, the types that exist, its mission, the principles on which it is based, the stages and phases that are carried out, and who is responsible.

 What is internal audit?

 It is an evaluation or an examination carried out by organizations to verify whether the operation of the different areas is correct , in order to guarantee the proper functioning of the established controls. 

 According to the Institute of Internal Auditors of the United Arab Emirates. "It is an independent activity that takes place within the company and is aimed at the review of accounting and other operations, in order to provide a service to management."

 This is given by the need for organizations to maintain control in order to make their operation more efficient. In this case, a review of the internal control system is carried out , as well as the policies and procedures defined to protect business assets , in order to avoid fraud, sabotage, and increase operational efficiency and effectiveness.

 When companies begin to have notable growth, it is when the appearance of internal auditing is most necessary, since it becomes almost impossible to have direct control of all operations.

 “Internal audit is an independent and objective assurance and consultation activity, designed to add value and improve the operations of an organization. It helps companies meet their goals by providing a systematic and disciplined approach to assess and improve the effectiveness of risk management, control and governance processes,

 Goals

 The main objective of the internal audit is to comply with the functions, activities, responsibilities and processes established within the company's policies.

 On the other hand, verify that the accounting information is reliable and monitor that the control system is working properly. This must start from a previously established plan, which highlights the policies and procedures to be implemented.

 Fundamental principles

 These are in charge of generating the effectiveness of the internal audit . In order to have an adequate inspection system, it is important that all the principles are integrated and operate at the same time within the organization.

 1.       Demonstrates integrity: The integrity of internal auditors establishes trust and, consequently, provides the basis for trusting their judgment.

2.       Demonstrates competence and due professional care: The Internal Auditor is always trained to perform his job and profession in the best way possible.

3.       It is objective and free from influences (Independent): There should be no coercion or limitation for the development of the internal audit, all in order not to lose objectivity and the proper focus that the audit should have.

4.       Aligns with the strategies, objectives and risks of the organization: Every internal auditor adapts to the needs and policies of the organization.

5.       It is appropriately positioned and has adequate resources: It has all the necessary resources, giving the auditor access to everything essential to carry out the audit.

6.       Demonstrates quality and continuous improvement: The auditor never limits himself, always gives feedback on his learning and constantly seeks change and internal improvement.

7.       Communicates effectively: The internal auditor has the ability and ability to work as a team and use the right means of communication to effectively develop his audit.

8.       Provides risk-based assurance: The auditor focuses his work on a risk-based audit, since he understands the importance of auditing risk-focused processes (risk plan of the organization); thus achieving an effective audit.

9.       Makes deep analysis, is proactive and future-oriented: It is always at the forefront, since it is known that an auditor does not wait to adapt to change, but rather anticipates change and generates change, demonstrating and developing their ability to always orient themselves to the future through your analysis and observations.

10.   Promotes organizational improvement: The internal auditor is a generator of change, contributing through his audit a true continuous improvement for the organization.

 Audit plan

 Knowing how to carry out a risk-based audit process will help you identify and take action regarding technical and organizational risks that may arise from the external, internal, technical or human part. Below we share the step by step you can follow to carry out the annual audit plan stage.

 It is no secret that audits with experts in protection systems and comprehensive risk management are essential to obtain an objective overview of the state of the organization.

 1. Determination of the audit universe

 Depending on the stages and phases of the internal audit , it is necessary to carry out a general analysis of the organization to be audited. That way, the audit team can have a better understanding of how the processes work and what the entity's objectives are.

 Specifically, the audit universe refers to the set of areas of the organization that are susceptible to auditing (human talent management, financial management, technology management, commercial management, communications management) in order to provide adequate assurance to each one of those business functions.

 2. Establishment of the internal audit plan

 In line with the stages and phases of the internal audit , the plan should be based on the data collected in the first step, and contain information such as: objectives, scope and criteria of the audit, units and areas that will be audited within the company, officials in charge of the quality of the processes, priority aspects, time and duration of the inspections, among others.

 The work plan should also be based on documented information and feedback from senior management and the board should be taken into account. The auditor who coordinates the implementation of the annual plan is in turn responsible for communicating the resources required for the internal audit and the possible impact in the event that these resources are limited.

 To carry out the annual plan, it is necessary to evaluate the level of risk inherent in the processes, identify the requirements of the audit committee and management, know what the legal requirements are for internal audit and document possible findings and opportunities for improvement that arose in plans. From earlier times.

 Read also: Business Valuation in UAE, Dubai | Business Consultant in UAE       

 3. Annual audit plan vs. resources

 Depending on the projects that arise in the plan, it is necessary to allocate the human, financial and time resources that will be required to carry out the plan. According to the availability of these resources, it will be possible to choose the projects that can be attended, according to the level of priority.

 4. Communication and approval of the plan

 Finally, the annual audit plan must be presented to senior management in order to obtain final approval from the board of directors or the audit committee. In this presentation, it is necessary to demonstrate that actions were taken in case of resource limitation.

 In turn, we advise you to inform senior management and the board about the Internal Audit and control system reviews in Dubai work that has been rescheduled, what the compelling reasons for this change are and what is the degree of risk associated with the rescheduled work.

 

ERP systems and management systems: let's finally clarify

 What are we talking about when we use the expression “ERP systems”? And  what sets them apart , if any, from classic management systems (also called management software for companies)?

 A management software, also called a management system, is a very important tool for companies. It allows you to insert that automation component  that helps make the business modern  and in step with the times. Business management systems can be applied to the management of accounting, for example, or that of the warehouse, production processes or even financial analysis.

 Their evolution goes hand in hand with that of computers and technology: at present their power in terms of supporting individual business processes is practically infinite. They are one of the keys to the strategic support that every modern company needs, whatever its size. These software are not only accessible to everyone , but also easily adapt to each company , size and needs. The goal is to optimize time and resources in the organization of work, in production, in the general management of the company, obtaining practically immediate benefits by speeding up many processes.

 Management software for companies: programs that integrate all information

 How do they differ with ERP Accounting Software solutions in UAE? Basically, we are talking about management companies that belong to the same family, because the goal is the same: to improve business processes  and, consequently, also management . But in this case there is a further step forward. First of all, the acronym stands for  Enterprise Resource Planning , ie planning of business resources, and it is a management system that  integrates  all business processes in a single element . The company management, therefore, connects production, sales, inventory management of a warehouse, accounting, human resources and also aims at optimizing work in terms of efficiency and profitability.

 If, however, with a classic management system we dedicate ourselves to every single sector of the company, working independently, with the ERP we create a sort of IT interconnection between all sectors. Information in management software for companies runs faster and benefits from it is, for example, the management of production times: if information from warehouses or suppliers arrives quickly to those who manage production, it means that there is no risk of running out. of materials; if, in the same way, the integrated system communicates information on the request, one can imagine to model the production according to real needs.

 In short, the fronts that the use of an Erp system can open are many  and all very modern . Choosing to dive into the 4.0 era of industry with a solid Erp system is not only a sign of modernity, but also of intelligence. The goal is not only the speed of communication between the departments of the company (which also visibly improves), but rather the quality of these communications. Targeted, fast, effective.

 Business management or ERP: what to choose?

 Given the potential of Erp systems, it is clear that choosing what is closest to the needs of a company is a crucial step. If with classic management systems it is enough to simply assess the needs of a specific department, with these technologies it is necessary to proceed with a preventive mapping of business processes . Only in this way will it be possible to be sure of which type of ERP is best suited to the business model in question. It's a longer process at first, that's true, but it pays off in the distance. An Erp has a considerably longer life cycle than classic management systems: we are also talking about ten years of life, a period in which nothing remains static, indeed! Everything evolves hand in hand with technologies, and updates are a necessary and periodic step.

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Their extended life cycle translates into a greater impact on business mechanisms . An Erp is almost the backbone of a company, and once integrated it will no longer be possible to give up its benefits . They exploit the potential of the web, of course, but also of Cloud systems and this allows even the smallest companies and start-ups to take advantage of advantages  that would otherwise have been prohibitively expensive. All its activities and processing are strictly in real time and with certain more extended versions it can be expected  manage the dialogue with customers and customer care. By virtue of all these advantages, it is clear that there is also a difference in costs to be evaluated, but it is understandable given the total life cycle of an Erp, the work it does and the advantages it entails.