Aka Management Consultancy

How a Management Consultancy can assist in solving financial barriers involved in an enterprise

About Management Consultancy:

Involving a Management Consultancy is an essential part of your business. They provide effective solutions, ideas, and assistance to ensure that your business consistently improves. They hire experts that are highly qualified and trained to solve any financial barrier that appears in an enterprise. Of course, this consultancy involves numerous phases. But the prime goal is to determine problems and provide solutions to eliminate any hindrance in the business’s performance and profits. Ultimately, the effective approach helps to optimize performance, productivity, and revenue while reducing losses.

Role of Management Consultants:

Management Consultants are believed to carry out numerous tasks. Being part of a team, they are expected to perform the following duties:

Interacting with stakeholders to understand client’s business
Gathering and analyzing data
Conducting interviews
Organizing training and discussions with employees
Using spreadsheets and slides to combine data into information
Visiting client locations and company locations
Examining data to spot issues and develop a hypothesis
Reviewing financial information
Establishing action plans and suggesting initiatives to achieve project objectives
Provision of resources

Benefits of Management Consultancy:

Leading businesses have declared that management consulting is a major influence in boosting their performance. The usage of management consulting services has widespread in Dubai. Hiring these services guarantees the following benefits:
• Accelerated growth
• Reach targets
• Innovative ideas
• Expert advice
• Training of employees
• Risk mitigation and much more

Financial Services by Management Consultancy firms:

Financial tasks are sensitive matters for any enterprise. Both small and large businesses require proper handling of their financial services. AKA is a Management Consultancy in Dubai which provides promising solutions to all your problems and overcomes financial barriers in your business. There are numerous ways a consultancy firm can eliminate any hindrance in the financial tasks of a business.

1. Audit: An audit is the evaluation of accounting records as well as manually inspecting the inventory. This confirms the utilization of systematically documented system for recording transactions and determines the accuracy of the financial accounts of the company. AKA helps in auditing by providing the following services:

i. Analyze the optimum functioning of your organization
ii. Evaluation of the financial transactions conducted by your company
iii. Identify fraud or risk of fraud
iv. Ensure the security of the assets of your company
v. Verification of whether your business conforms to the rules and regulations of governmental and organizational bodies
vi. Appropriate strategies to enhance results

2. Advisory: Advisory means to deliver useful findings for clients’ decision-making. For example, tax planning and strategy, cash flow forecasting, business performance reviews, and others. All of this ensures the growth and success of the client. AKA helps to tackle challenges encountered by your business. Our team can assist with tax-related obligations, manage cash flow, prompt payment clearance, and decision-making taking into account the UAE laws and regulations.

3. Asset Management: Asset Management has important for all businesses. It involves sticking a detectable tag to an asset. This helps to track the assets, especially for businesses with huge stock of assets and inventory. With this, businesses can help to locate and know the exact number of their assets. Also, the details are entered into a spreadsheet. AKA helps to monitor and track your assets in an organized way. Our team can help to identify the number and location of your assets, irrespective of the sector they belong to. We can also help in identifying not used and outdated assets.

4. Accounting: Accounting services in Dubai are necessary for all sorts of businesses. Only an exceptional financial report can help your business stand out from the rest. The management of accounting services is only possible with the assistance of a professional. AKA Management Consultancy provides expert who deliver comprehensive bookkeeping accounting services in Dubai. These include:

i. Highlighting current financial stability and status by gathering data from the client
ii. Writing financial reports fulfilling the client’s expectations
iii. Defining and suggesting rules and procedures to maintain accounting controls
iv. Analyzing and verifying the accounting details to reconcile financial disparities
v. Maintaining customer trust by keeping the financial information confidential

5. Governance, Risk and Compliance: GRC means to integrate governance, risk and compliance systematically. This helps to benefit your company by eradicating waste, enhance productivity, inhibit the noncompliance risk, and directly deliver the necessary information. AKA provides a number of services for governance, risk and compliance for your business. It helps to achieve the following tasks:

i. Supervise policies
ii. Monitor risk, and ensure compliance
iii. Focus on various regulatory changes that can leave an impact on the business
iv. Encourage various businesses to collaborate on a single platform
v. Improve the efficiency and accuracy of internal auditing
We also provide due diligence services that help to analyze, verify and review all the data before you sign a transaction or agreement with another company.

Importance of Management Consultancy:

Besides the aforementioned services, there are many other financial aspects that must be dealt with vigilantly. With other ongoing operations, finance is a delicate matter that needs the utmost attention. Only external assistance from a Management Consultancy firm can help resolve all your queries and handle financial functions seamlessly. Here, AKA Management Consultancy in Dubai comes into action as it offers skilled professionals providing productive financial strategies so your business runs smoothly without any barriers. We help:

• Identifying problems and offering effective solutions
• Assist in developing a successful organization
• Perform a complete evaluation of the client
AKA provides all the required financial services for your firm to ensure your business reaches its targets and goals.

Leave a comment