Why should UAE firms think of Implementing RPA beyond their Accounting Department?

Vimal Ramachandran, Director

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HLB HAMT - Accounting Firm in UAE
Phone:- +971 4 327 7775
Mobile:- +971 52 830 7998
Email:- dubai@hlbhamt.com

    Get Free Consultation




    We all know the impact Robotic Process Automation makes in finance and accounting departments of an enterprise. It is sort of a perfect department for RPA implementation in UAE as it has a lot of repetitive human tasks such as invoice creation and procession, digital signatures as well. But in these COVID-19 affected times, more companies are realizing RPA can be as useful for their other departments as well.  Earlier adopters are using RPA for improving their business processes and to streamline their operational workflows. Moreover, they are making this technology as an important tool to gain competitive advantage over their rivals and to increase their go-to-market time. RPA applications, these days can also be an indicator of how digitally mature a company is.

    I am going to throw some light on where exactly RPA can be used other than to bolster financial performance of a company. Let us begin with the biggest asset of a company, their employees. In this era of Work from Home, induction & training of new employees can be a difficult job for HR managers. With the use of RPA bots, these processes can automate, and the employees will feel connected with the organization. This can also lessen the burden on HR managers as the whole induction and training process would be automated; also such Bots can be used to engage the employees in many ways.

    These days, it is also extremely important to resolve any customer related issues swiftly. According to a recent study, about 60% of the customers believe that an ultra-quick resolution to their issues is the major factor or aspect they look in a vendor. If you can reduce the time that you spend in handling a particular customer, it can lead to a better customer experience. This can be achieved through organizations automating the blind spots in customer service processes and targeting faster outcomes in certain areas of the same. RPA applications will also remove any potential bottlenecks and thereby ensure high levels of customer satisfaction.

    Another area of automation a company can consider is the multi-level approval processes required in order management. These processes are extremely time taking and will involve lot of manual works including the data entry to going through scrutinization and change processes to the final approval with the digital signature. Normally, all these steps require a lot of manual intervention and more importantly induced communications through email or chat reminders. All such steps can be defined and automated using RPA bots.

    From logistics to healthcare, industries are on the lookout for innovative solutions that can lessen the burden on their employees and at the same time with a faster & error-free output. Industries such as Oil & Gas are automating lot of their daily works through RPA making it completely a paperless office. This is just not restricted to financial accounting automation, organizations are slowly expanding RPA to other section of their businesses, particularly in the high-order, high-value use cases. Such changes can help transform their business workflows altogether.

     

     

    Would you like to rate us on Google?         

     

    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
    Mohammed L
    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
    Amar Kashyap
    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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    Process Mapping and its Importance in ERP Implementation UAE

    Komal Darshak Koshiya, Senior Auditor

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    HLB HAMT - Accounting Firm in UAE
    Phone:- +971 4 327 7775
    Mobile:- +971 55 807 4568
    Email:- dubai@hlbhamt.com

      Get Free Consultation




      What is Process Mapping?

      Process Mapping means flowcharting the critical business processes using a more hierarchical approach. Business Process Mapping is a framework, which is used to create visual representations of business processes.  Business process maps reveal the relationship between operational steps and inputs to produce an end-product or service.  The main purpose of business process mapping is to promote transparency and allow organizations to improve upon their current practices by creating a clear, detailed visual representation of workflows.

      The best business process Mapping strategies involve both a current state and future state analysis to clearly define how a new ERP system can get them from point A to point B and to help anticipate the impacts of the new system moving forward. There are three major phases in process mapping:

      • Creating the “As-Is” model,
      • Creating the “To-Be” model, and
      • Bridging the Chasm, or in other words, getting from the here and now to the future state.

      Creating the “As-Is” model – Define Current State Business Processes

      The first step in determining where you want to be is to understand where you are. Knowing how your business currently operates and having business practices clearly documented is important for several reasons.  Documenting your current state business processes often reveals inefficiencies and opportunities for improvement, as well as unique differentiating factors that give your organization an advantage over competitors.

      Process maps should be created for each function that can be summarized up to the primary ERP-related process flows as they are being performed currently.  These process maps should be created at the functional level to assure that any sub-processes are also covered.  Within each functional area, each step isolates an individual process into a workflow diagram for a clear depiction of a process or series of parallel processes.

      Why do an As-Is model at all? Sometimes processes have evolved to solve a problem with a particular customer, employee, or manager. Understanding why the process is performed in a particular way will permit the elimination of non-value-added work during the last phase of process mapping, the process simplification phase.

      Creating the “To-Be” model – Define Future State Business Processes

      These phase represent the way that the business processes will be structured in the ERP-enabled state. The purpose of the ERP system is to automate certain business processes according to the “To Be” maps.  Therefore, the ERP system must personalized or customized to accommodate those intended process flows.

      Having a visual representation of the current processes, one can identify delays, bottlenecks, and other inefficiencies. Then, create a future state process map that eliminates these issues. It’s also important to understand the future direction of the business and any additional business capabilities required for the foreseeable future. These considerations should also be reflected in the future state documentation.  As is the case with all stages of business process reengineering, future state process mapping should be performed at a technology-agnostic level that does not yet address how processes will be completed within a specific ERP system.

      Bridging the Chasm

      In this phase, all potential gaps, problem, issues and risks are both identified and prioritized.  Resolution efforts are detailed; including resource, cost and time requirements.  Responsibility for and ownership over each issue is allocated.

      Importance of Process Mapping in ERP Implementation

      Enterprise resource planning (ERP) system implementations typically require several modules to be implemented and integrated into the business. Having clearly defined current and future state business processes documentation is a distinct advantage that reduces the time, effort and cost associated with business management software initiatives. You’ll need to have a clear understanding of where you are, and where you want your business to be in the future before you can start planning your ERP journey.

      Companies need to understand what they’re changing from and what they’re changing into. Only once they have this understanding can they plan how to change to the intended, restructured state. When this type of planning is overlooked, implementation failure is a likely and unfortunate result. Successful ERP implementations are not only driven by software but also by business processes.  Companies assume that the new system will make their processes easier to perform, without first examining their actual processes. Business process mapping is one of the most critical aspects of implementation projects.

       

      Would you like to rate us on Google?         

       

      Varun R Chandra
      Varun R Chandra
      07:38 25 Apr 21
      HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
      Giuseppe Assi
      Giuseppe Assi
      06:20 31 Jan 21
      I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
      Mohamed Sheriff
      Mohamed Sheriff
      16:16 28 Jun 20
      Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
      218141 JOSEPH THOMAS
      218141 JOSEPH THOMAS
      16:20 23 Jun 20
      Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
      PMI
      PMI
      07:14 23 Jun 20
      In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
      RAVI CHOKSI
      RAVI CHOKSI
      08:28 21 Jun 20
      Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
      Maharajan Subramaniam
      Maharajan Subramaniam
      18:17 06 Jun 20
      High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
      Mohammed L
      Mohammed L
      08:07 05 Jun 20
      We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
      ROY ROSHAN VIVIAN
      ROY ROSHAN VIVIAN
      06:32 04 Jun 20
      Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
      Basil Daniells
      Basil Daniells
      05:55 03 Jun 20
      I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
      Amar Kashyap
      Amar Kashyap
      19:28 02 Jun 20
      Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
      Radz de Jesus
      Radz de Jesus
      16:03 02 Jun 20
      We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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      Tax Updates in the UAE – What you need to know?

      Jay Krishan, Partner

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      HLB HAMT - Accounting Firm in UAE
      Phone:- +971 4 327 7775
      Mobile:- +971 50 677 5860
      Email:- dubai@hlbhamt.com

        Get Free Consultation




        HLB HAMT Partner Jay Krishnan has detailed some important updates on VAT applicability for real estate, medical equipment, ESR and excise tax in our latest edition of our Insight supplement.

        TAX UPDATES:

        Since the COVID-19 pandemic, there has been a huge surge and growth in E-commerce, with more and more consumers spending online and we now live in an on-demand digital economy. However, there have been some important changes made in relation to VAT when it comes to E-commerce. The VAT Guide on E-commerce was issued by the FTA in August 2020, and some of the changes include:

        • Goods purchased online that are to be exported are eligible for zero rate VAT if certain conditions are fulfilled.
        • Supply made by a non-resident to a non-registered person in UAE, the non-resident supplier is required to register for VAT and to account for VAT on supplies.

        Real Estate – Owners Association & Management Entity:

        The Real Estate market is a key component and cornerstone of the UAE economy – and there have been very important updates made in this industry in relation to VAT. Pursuant to the change in law concerning ownership of jointly owned properties in Dubai:

        • All rights and obligations of OA will shift to Management Entity
        • All OA should deregister from UAE VAT
        • Non-compliance by OA will attract a penalty of AED 10,000
        • Management entities must ensure compliance with UAE VAT regulations or else hefty penalties will be imposed.

        Zero Rating of Certain Medical Equipment:

        The COVID-19 pandemic triggered an exponential increase in the need for PPE, face masks, and other medical equipment. However, from February 28th, 2021 there will now be a 5% VAT on some medical imports.

        • Supply or import of certain medical equipment during September 01, 2020, to February 28, 2021, will be zero-rated.
        • Any supply or import outside the aforesaid period will be subject to 5% VAT.
        • Medical face masks, Half-filtered face mask, Non-medical textile face mask, Single-use gloves, Certain categories of chemical disinfectants and antiseptics intended for use on human body is qualified for the above exemption.

        FTA Administrative Update:

        • FTA updated the VAT refund template.
        • Refund claim for multiple tax periods can now be applied by VAT registrants through a single VAT refund template.

        EXCISE: Excise Tax Obligations for Warehouse:

        • Excise Taxpayers operating in a Designated Zone (DZ) must appoint a certified external auditor to audit opening stock on January 01, 2021.
        • The taxpayer must fill Opening Stock Declaration (EX024) and submit the same with the auditor report no later than January 31, 2021.
        • Non-compliance will set the stock held in DZ to zero and restrict the taxpayer from moving the stock out of DZ.
        • If Warehouse keepers hold stock for owners who are not registered for Excise Tax with the FTA, they (the Warehouse Keepers) will need to complete the NonRegistered Excise Stock Movement Declaration form (EX204A).
        • This is a one-off exercise to be completed during January 2021.

        Economic Substance Regulation:

        As per the Economic Substance Regulations (ESR), all Licensees are required to notify the Regulatory Authority (typically the license issuing authority) annually on the following aspects:

        • Whether or not the Licensee is carrying on a Relevant Activity
        • If the Licensee is carrying on a Relevant Activity, whether all or any part of the Licensee’s gross income in relation to the Relevant Activity is subject to tax in a jurisdiction outside the United Arab Emirates (UAE)
        • The date of the end of the Licensee’s Financial Year (Accounting Reference Period)
        • In August 2020, the UAE Cabinet issued updated economic substance regulations which revoked and replaced the previous economic substance regulations introduced in 2019.

        KEY CHANGES:

        • Appointment of FTA as the authority for the assessment of compliances by licensees, imposing penalties for non-compliance, hear on appeals filed by licensees.
        • Licensees exclude natural persons, sole proprietors, trusts, and foundations.
        • The deadline for filing an ESR report for a Licensee with a financial year commencing on or after January 01, 2019 and ending on or before December 31, 2019 is December 31, 2020.
        • This deadline is extended to January 31, 2021.

        UBO:

        Unless exempt under Beneficial Owner Procedures (the Regulations) companies licensed to carry on business in the UAE must maintain a register of partners or shareholders and a register of Ultimate Beneficial Owners (UBO) and submit UBO information to the relevant registrar or licensing authority (Registrar).

        UBO are:

        • Owns or controls 25% equity shares or voting right of at least 25% or
        • The natural person who exercises control over the entity or
        • The natural person who is responsible for the senior management of the entity.

        Deadline for filing of register is October 27, 2020. Any changes to the information contained in the registers must be updated and notified to the Registrar within 15 days of such change. Regarding companies that are under dissolution or liquidation, the appointed liquidator has an obligation to provide a true copy of the updated UBO register to the Registrar within 30 days of the liquidator’s appointment.

         

        Would you like to rate us on Google?         

         

        Varun R Chandra
        Varun R Chandra
        07:38 25 Apr 21
        HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
        Giuseppe Assi
        Giuseppe Assi
        06:20 31 Jan 21
        I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
        Mohamed Sheriff
        Mohamed Sheriff
        16:16 28 Jun 20
        Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
        218141 JOSEPH THOMAS
        218141 JOSEPH THOMAS
        16:20 23 Jun 20
        Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
        PMI
        PMI
        07:14 23 Jun 20
        In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
        RAVI CHOKSI
        RAVI CHOKSI
        08:28 21 Jun 20
        Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
        Maharajan Subramaniam
        Maharajan Subramaniam
        18:17 06 Jun 20
        High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
        Mohammed L
        Mohammed L
        08:07 05 Jun 20
        We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
        ROY ROSHAN VIVIAN
        ROY ROSHAN VIVIAN
        06:32 04 Jun 20
        Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
        Basil Daniells
        Basil Daniells
        05:55 03 Jun 20
        I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
        Amar Kashyap
        Amar Kashyap
        19:28 02 Jun 20
        Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
        Radz de Jesus
        Radz de Jesus
        16:03 02 Jun 20
        We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
        Next Reviews
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        Whatever your question our team will point you in the right direction

        Start the conversation

        5 Stages of RPA Implementation in UAE: A Walkthrough

        Midhun Menon P

        image

        HLB HAMT - Accounting Firm in UAE
        Phone:- +971 4 327 7775
        Mobile:- +971 52 830 7998
        Email:- dubai@hlbhamt.com

          Get Free Consultation




          In these tough times, more and more companies are taking harsh measures to reduce their operational costs through increasing their productivity and managing their employee’s time for better purposes. Among the various tools used, Robotic Process Automation (RPA) is the most sort after one, simply because it saves lot of work hours for the company. One issue that many companies face while implementing RPA are the various obstacles and challenges that awaits them as road blockers. These challenges may be mostly internal including “resistance to change”, adjusting to the new pace of work, the automation anxieties, and a lot more. The key for any RPA success is overcoming these challenges through proper planning and execution of the implementation processes. With an experienced RPA solution vendor in UAE like HLB HAMT, you can achieve this easily. In this blog, I am going to throw some tips and tricks on how to approach an RPA implementation in five different stages.

          Stage 1 – Assessing Opportunities

          The infancy stage of any RPA project is its most crucial time, the main action items of this stage include conducting a high-level assessment of the areas which will benefit the most by switching to RPA. Automating each and everything will be difficult, and it is important to pick the potentially viable processes. Mostly, repeated manual processes which is extremely human driven and time consuming will be given more weightage. It is also important to create a weightage matrix Developing an exact timeline of the project and who all are the stakeholders, along with their roles and responsibilities will be determined.  A rough implementation plan is created along with set project objectives. This plan will help in giving guidance and strategic direction to all concerned parties and addresses any potential risks and concerns associated with the project.

          Stage 2 – Finalizing Use Cases

          Next up, is to select the best use cases out of the probable ones. For most companies, this is the most important phase as it could make or break an initiative. There are lot of factors on selecting the final use cases, and there will be a lot of QA sessions between all concerned parties. One of the first procedures of selecting a use case is how much documented and predictable the procedure is, no company would like to have a complex procedure to automate first up. Most will prefer a stable and predictable procedure with low complexity. Most companies from our experience opt for processes that can be evaluated in monetary terms such as measurable savings, and ones that give generally a faster ROI. Once, it is finalized, all technology requirements, systems etc. are chalked out to support the whole initiative.

          Stage 3 – Create BOTs, Piloting & Implementation

          Okay, the use cases are decided, now one must prepare and execute the selected ones. BOTs are programmed for the selected use cases. All your workforce is trained adequately to execute the plan of implementation. The Quality Assurance time should be ready with their test cases. The complete process should be documented properly for future reference purposes. In the piloting phase, end-to end automation is full-fledgy tested. Based on the feedback from the QA team and other stakeholders, modifications are made to the Bot programming and a readiness assessment document is prepared if all is clear for the final implementation. The benefit model is finalized, and the RPA solution is all set to go live.

          Stage 4 – RPA Lifecycle Management

          In this phase, the launching of the RPA solution takes place. But things do not end just with the release of the production version. A series of training and feedback sessions should be conducted between the end users and administrators to make sure everything is on track. The organizational and operational impacts of this solution should be educated well across all stakeholders. Next up is the creation of a Centre of Excellence (COE) and A strategic model is designed for governing and proactive maintenance of the solution. COE helps in providing administrative support and also in maintaining and handling of RPA bots and other related activities. The change management, communication, and upgrade plans are also defined accordingly.

          Stage 5 – Performance Analysis

          Most people think that putting all the plans in place and executing it to perfection completes the job cycle of an RPA implementation. But, as the world is changing rapidly fast, you must have the hold and measure of the performance of your solution at regular intervals. The output accuracy and error reduction should be measured, along with the performance consistency. The workforce productivity also should be measured accordingly. The compliance to local regulations like NESA, ADHICS, etc. should be ensured along with international compliances such as GDPR. Above all, the satisfaction of your employees and clients should be something you shade probably take a note of, after all, these are the small things that can help make your business flourish.

          Conclusion

          RPA, as you might already notices can bring in great changes to your business processes, but it is extremely important to take a proper path and execute a smart implementation strategy to utilize its full potential. With proven expertise and approach in handling RPA solutions, HLB HAMT can perform smooth and smart RPA solution implementation that will simplify your complex organizational problems and make the life of all stakeholders much easier.

           

          Would you like to rate us on Google?         

           

          Varun R Chandra
          Varun R Chandra
          07:38 25 Apr 21
          HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
          Giuseppe Assi
          Giuseppe Assi
          06:20 31 Jan 21
          I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
          Mohamed Sheriff
          Mohamed Sheriff
          16:16 28 Jun 20
          Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
          218141 JOSEPH THOMAS
          218141 JOSEPH THOMAS
          16:20 23 Jun 20
          Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
          PMI
          PMI
          07:14 23 Jun 20
          In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
          RAVI CHOKSI
          RAVI CHOKSI
          08:28 21 Jun 20
          Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
          Maharajan Subramaniam
          Maharajan Subramaniam
          18:17 06 Jun 20
          High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
          Mohammed L
          Mohammed L
          08:07 05 Jun 20
          We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
          ROY ROSHAN VIVIAN
          ROY ROSHAN VIVIAN
          06:32 04 Jun 20
          Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
          Basil Daniells
          Basil Daniells
          05:55 03 Jun 20
          I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
          Amar Kashyap
          Amar Kashyap
          19:28 02 Jun 20
          Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
          Radz de Jesus
          Radz de Jesus
          16:03 02 Jun 20
          We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
          Next Reviews
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          VAT Applicable for Services Provided by Artists and Influencers in UAE

          Jay Krishnan, Partner

          image

          HLB HAMT - Accounting Firm in UAE
          Phone:- +971 4 327 7775
          Mobile:- +971 50 677 5860
          Email:- dubai@hlbhamt.com

            Get Free Consultation




            Artists and influencers in UAE will not be exempted from VAT anymore. The FTA has come up with a bulletin that discusses about the applicability of VAT on artists and influencers.

            Artists and SMIs who are engaged in any sort of promotional or marketing activities in return for a remuneration, be it a mention in their posts, videos or blogs, or promoting a business in their social media, any sort of physical appearance or even providing access to the SMIs social media network are applicable for VAT.

            The bulletin has clearly stated that any reimbursement of cost incurred by the artist or SMI for providing the service, will also fall under the scope of VAT.

            The statement in the bulletin also read, “UAE-based artists and SMIs who make taxable supplies (which include zero-rated supplies) in the UAE are required to register for VAT provided the value of their taxable supplies and imports in the last 12 months exceeded, or is expected to exceed in the next 30 days, the mandatory registration threshold of Dhs375,000”.

            Artists of any kind who offer promotional services in their personal capacity are included in the list.

            The decision of imposing VAT on artists and SMIs will be beneficial to the country as it will bring in added income. The promotional activities for businesses by the artists and SMIs have become a trend, as it has a wider audience and reach. The economic state of the country will improve even more with the recent addition to VAT.

             

            Would you like to rate us on Google?         

             

            Varun R Chandra
            Varun R Chandra
            07:38 25 Apr 21
            HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
            Giuseppe Assi
            Giuseppe Assi
            06:20 31 Jan 21
            I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
            Mohamed Sheriff
            Mohamed Sheriff
            16:16 28 Jun 20
            Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
            218141 JOSEPH THOMAS
            218141 JOSEPH THOMAS
            16:20 23 Jun 20
            Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
            PMI
            PMI
            07:14 23 Jun 20
            In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
            RAVI CHOKSI
            RAVI CHOKSI
            08:28 21 Jun 20
            Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
            Maharajan Subramaniam
            Maharajan Subramaniam
            18:17 06 Jun 20
            High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
            Mohammed L
            Mohammed L
            08:07 05 Jun 20
            We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
            ROY ROSHAN VIVIAN
            ROY ROSHAN VIVIAN
            06:32 04 Jun 20
            Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
            Basil Daniells
            Basil Daniells
            05:55 03 Jun 20
            I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
            Amar Kashyap
            Amar Kashyap
            19:28 02 Jun 20
            Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
            Radz de Jesus
            Radz de Jesus
            16:03 02 Jun 20
            We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
            Next Reviews
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            Top RPA Trends among UAE Companies

            Vimal Ramachandran, Director

            image

            HLB HAMT - Accounting Firm in UAE
            Phone:- +971 4 327 7775
            Mobile:- +971 52 830 7998
            Email:- dubai@hlbhamt.com

              Get Free Consultation




              More and more companies are adopting Robotic Process Automation (RPA) as a tool to automate their repetitive tasks and to streamline their processes in general. Moreover, COVID-19 has accelerated the adoption a tad higher; thanks to unavailability of the workforce and keeping touchpoints as minimal as they can. According to a study from Gartner, the companies around the world would spend nearly $1.5 billion on RPA software alone this year, and not only that, this figure will also exponentially grow in the next foreseeable future. Middle East is often considered as a hub of innovative adoptions and here too the studies say almost 20% growth for RPA related software this year.

              Hyper Automation

              In simple words, Hyper Automation is a more advanced and smarter version of the traditional RPA. Hyper Automation is generally adopted by large-scale companies to process large volumes of their business data seamlessly across many departments. It constitutes of artificial intelligence, business intelligence and traditional RPA tools, enabling automation of execution of any repetitive tasks. Hyper Automation also dynamically discovers new business processes by creating bots on the way. The process helps in automating undocumented processes that rely on unstructured data inputs. The technology also allows businesses to adopt automation at a much higher level than traditional RPA automation, meaning more complex tasks can be streamlined effectively. This means that DevOps management, overall monitoring, integration of third-party tools, all can be automated at once.

              Advanced Autonomics

              For companies trying to cut of their labor costs, robotic automation will offer an immediate value as it automates lot of repetitive tasks. Studies have shown that the average cost of developing a BOT is only one third of the cost per a full time equivalent (FTE) person. There is also the process of getting insights from Bots, as it captures everything that it encounters along the way. This can lead to getting meaningful insights and helps business in where all they can improve in their operation processes.

              The next level of RPA vendors is concentrating on developing applications with advanced data mining capabilities with the help of artificial intelligence technology. This means more and more complex processes can be automated, irrespective of the level of unstructured data present in it.  For that an organization might have to re-engineer their existing processes and bring in strong governance framework and change management controls.

              AI Security

              We have discussed about Hyper Automation and advanced autonomics; all these technologies offer great value for money for the companies and transform their business to an altogether different level. But all these come with a price. Security is a big concern for industries across any vertical or size, but it is a fact that automation can also bring new risk. Identifying potential vulnerabilities and security gaps would be a priority for many companies.

              AI driven RPA powered security systems is going to be a trend for the future; AI training data, ML models and training pipelines can be automated through RPA. Cybersecurity processes can be automated and with the help of ML, different attack patterns can be understood and detected at an early stage. Some of the examples include VPNs providing secure remote access to the RPA BOTs and anti-viruses, anti-spyware applications used in RPA security to secure the system from various viruses and spyware cyber-attacks.

               

               

              Would you like to rate us on Google?         

               

              Varun R Chandra
              Varun R Chandra
              07:38 25 Apr 21
              HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
              Giuseppe Assi
              Giuseppe Assi
              06:20 31 Jan 21
              I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
              Mohamed Sheriff
              Mohamed Sheriff
              16:16 28 Jun 20
              Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
              218141 JOSEPH THOMAS
              218141 JOSEPH THOMAS
              16:20 23 Jun 20
              Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
              PMI
              PMI
              07:14 23 Jun 20
              In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
              RAVI CHOKSI
              RAVI CHOKSI
              08:28 21 Jun 20
              Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
              Maharajan Subramaniam
              Maharajan Subramaniam
              18:17 06 Jun 20
              High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
              Mohammed L
              Mohammed L
              08:07 05 Jun 20
              We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
              ROY ROSHAN VIVIAN
              ROY ROSHAN VIVIAN
              06:32 04 Jun 20
              Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
              Basil Daniells
              Basil Daniells
              05:55 03 Jun 20
              I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
              Amar Kashyap
              Amar Kashyap
              19:28 02 Jun 20
              Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
              Radz de Jesus
              Radz de Jesus
              16:03 02 Jun 20
              We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
              Next Reviews
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              Whatever your question our team will point you in the right direction

              Start the conversation

              UAE Extends Anti-Money Laundering (AML) Compliance date for selected Businesses

              Raghunath. T, Director

              image

              HLB HAMT - Accounting Firm in UAE
              Phone:- +971 4 327 7775
              Mobile:- +971 55 807 4568
              Email:- dubai@hlbhamt.com

                Get Free Consultation




                As an attempt to control the financial crimes that are on the rise, the UAE Ministry of Economy has extended the period for the businesses to be in compliance with the Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) guidelines till March 31st for four selected categories of business.

                To stress upon the intent and seriousness that is expected from these Designated Non-Financial Businesses & Professions (DNFBPs), the Ministry of Economy has stipulated heavy penalties for businesses that fail to comply with the AML and CFT requirements by the due date.

                The fines will range from AED 50,000 to AED 1 million and can go up to AED 5 million as per the assessment of the Supreme Committee if engaged in money laundering, financing terrorism or any illegal organizations. A penalty of AED 1 million each will be charged on cases of fake bank accounts, failure to take action against clients listed on international or domestic sanctions list before establishing or continuing with the business.

                The business categories included are:

                • Brokers and Real Estate Agents
                • Dealers of precious metals and gemstones
                • Auditors
                • Corporate service providers

                The businesses must register with the Financial Intelligence Unit (go AML) and also enroll themselves on the Committee for Commodities Subject to Import and Export Control system (Automatic Reporting System for Sanctions List).

                Once the registration is complete, the businesses must adopt other measures related to AML and CFT in accordance with the provisions stated by the Decree-Law.

                Safiya Al Safi, Director of the Anti-Money Laundering Department, Ministry of Economy said, “All companies must establish internal policies, controls and procedures to avoid the risk of money laundering as per the regulations stated, which is made available on the official website of the Ministry of Economy.”

                AML and CFT measures are a necessity for an organization to ensure the smooth flow of businesses. A reputed consulting firm can assist you in complying and implementing AML and CFT guidelines and procedures. HLB HAMT is an auditor approved by the UAE Central Bank and the Insurance Authority. Our team of experts and ACAMS certified professionals offer these audit services which will ensure that you meet the required compliances and assure the safety of your organization on the long run.

                HLB HAMT offers audit services and work as per the regulations laid by the UAE Central Bank and the Insurance Authority. We have been approved to act as a consultant to conduct independent assessments of the Anti-Money Laundering, Combating the Financing of Terrorism & Sanctions Compliance Frameworks. With more than 20 years of experience in the field of audit and assurance services, and with the international expertise from HLB Global who have over 50 years of audit and assurance expertise, our team of experienced professionals can aid you in complying with the new AML and CFT regulations.

                 

                Would you like to rate us on Google?         

                 

                Varun R Chandra
                Varun R Chandra
                07:38 25 Apr 21
                HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                Giuseppe Assi
                Giuseppe Assi
                06:20 31 Jan 21
                I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                Mohamed Sheriff
                Mohamed Sheriff
                16:16 28 Jun 20
                Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                218141 JOSEPH THOMAS
                218141 JOSEPH THOMAS
                16:20 23 Jun 20
                Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                PMI
                PMI
                07:14 23 Jun 20
                In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                RAVI CHOKSI
                RAVI CHOKSI
                08:28 21 Jun 20
                Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                Maharajan Subramaniam
                Maharajan Subramaniam
                18:17 06 Jun 20
                High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                Mohammed L
                Mohammed L
                08:07 05 Jun 20
                We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                ROY ROSHAN VIVIAN
                ROY ROSHAN VIVIAN
                06:32 04 Jun 20
                Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                Basil Daniells
                Basil Daniells
                05:55 03 Jun 20
                I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                Amar Kashyap
                Amar Kashyap
                19:28 02 Jun 20
                Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                Radz de Jesus
                Radz de Jesus
                16:03 02 Jun 20
                We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                Next Reviews
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                Whatever your question our team will point you in the right direction

                Start the conversation

                The Impact of RPA in top 3 UAE Industry Sectors

                Vimal Ramachandran, Director

                image

                HLB HAMT - Accounting Firm in UAE
                Phone:- +971 4 327 7775
                Mobile:- +971 52 830 7998
                Email:- dubai@hlbhamt.com

                  Get Free Consultation




                  Almost all industrial verticals across UAE have shifted or are in the process of shifting towards adopting digital transformations. Among the various technologies available, Robotic Process Automation (RPA) helps industries to automate mundane repetitive tasks. RPA helps mimic people interactions and aids in automating operational processes, thereby minimizing errors, and improving efficiency. The automation also helps in significant reduction of operational costs, better utilization of your resources and an enhanced customer engagement and satisfaction.

                  Today, we look at three such industry sectors in the UAE where we feel RPA can bring a lot of differences in a company’s day-to-day operations. These industries can be termed as the backbone of UAE’s economy and let’s see how RPA can help increase productivity in many areas of these verticals.

                  Banking & Insurance

                  Banking and insurance companies have numerous end-to-end processes that needs to be streamlined. Particularly in banking, there are lot of areas such as invoice management, new customer on-boarding, General ledger management, KYC processes, etc., which has tasks that are repetitive and time-consuming. Also, since it involves lot of monetary transactions, the chances of errors creeping in during a manual interaction is way more. With the introduction of RPA, banking firms can eliminate human errors and significantly cut short the overall transaction time by many folds. It can also aid banking firms in adhering with international and local laws and regulations. The documents can be easily handled using RPA bots, making auditing process much easier, labor-saving, cost-effective and 100% accurate. Numerous banks have successfully implemented RPA to optimize their complex back-end operations and to quickly check loan eligibility of a customer.

                  Similarly, in the insurance sector, be it automobile, health, property or travel, there are lot of processes which can be automated. Starting from claims processing, underwriting, providing policy quotes to get timely reports, Insurance companies can automate high volumes of repetitive business practices. RPA vendors can easily help insurance companies automate their entire workflows including processing data from their legacy applications and disparate systems.

                  Manufacturing

                  We all know how physical robots and robotic arms have helped manufacturing companies reduce cost and manpower in the overall manufacturing process. But recent studies show software-based Robotic Process Automation is helping manufacturing companies in with their general invoicing, accounting, operations, supply chain & transportation procedures etc. The RPA bots can automate their day-to-day activities and plan workforce allocations accordingly. Also, the units can automate lot of their approval procedures across departments. The taxation work can also be automated which saves a lot of time ensuring an error-free output. Apart from optimizing time-centric and repetitive routine processes, manufacturers can increase their go-to-market time by running their productivity in maximum capacity.

                  Healthcare

                  Within the next 5 years, healthcare is expected to be one of the fastest-growing sectors in UAE. Every hospital chain or clinics are striving to give maximum quality service to their patients. With the help of RPA, they can achieve the same by saving a lot of their patient processing time. We all know how much regulations and standards are there in the healthcare sector. It is also one of the sectors where patient data privacy and accuracy is of extreme importance. There should not be any chance of data leakages or data errors creeping in. Not only the patient side, RPA can also be used in the hospital administration processes as well, such as scheduling, revenue cycle management, data entry, billing etc. Patients are subjected to more value-based care as their appointment scheduling to reminders to final billing are taken care off in a streamlined manner.  Audits and network management along with data management to third parties are managed efficiently.

                  RPA is making great inroads into lot of business verticals, and more early adopters are preferring intelligent automation to run their business efficiently. For companies that wish to start off their long-term digital strategy, we believe RPA is a great tool to begin with. Start with small rule-based processes and slowly expand it across your enterprise workflows.  

                   

                  Would you like to rate us on Google?         

                   

                  Varun R Chandra
                  Varun R Chandra
                  07:38 25 Apr 21
                  HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                  Giuseppe Assi
                  Giuseppe Assi
                  06:20 31 Jan 21
                  I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                  Mohamed Sheriff
                  Mohamed Sheriff
                  16:16 28 Jun 20
                  Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                  218141 JOSEPH THOMAS
                  218141 JOSEPH THOMAS
                  16:20 23 Jun 20
                  Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                  PMI
                  PMI
                  07:14 23 Jun 20
                  In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                  RAVI CHOKSI
                  RAVI CHOKSI
                  08:28 21 Jun 20
                  Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                  Maharajan Subramaniam
                  Maharajan Subramaniam
                  18:17 06 Jun 20
                  High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                  Mohammed L
                  Mohammed L
                  08:07 05 Jun 20
                  We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                  ROY ROSHAN VIVIAN
                  ROY ROSHAN VIVIAN
                  06:32 04 Jun 20
                  Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                  Basil Daniells
                  Basil Daniells
                  05:55 03 Jun 20
                  I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                  Amar Kashyap
                  Amar Kashyap
                  19:28 02 Jun 20
                  Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                  Radz de Jesus
                  Radz de Jesus
                  16:03 02 Jun 20
                  We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
                  Next Reviews
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                  Get in touch

                  Whatever your question our team will point you in the right direction

                  Start the conversation

                  Audit of Sales in UAE

                  Vimal Kutty

                  image

                  HLB HAMT - Accounting Firm in UAE
                  Phone:- +971 4 327 7775
                  Mobile:- +971 56 147 0259
                  Email:- dubai@hlbhamt.com

                    Get Free Consultation




                    Retail businesses that operate in shopping malls in UAE are mandatorily required to submit a Statement of Gross Turnover that is being audited by an approved Auditor. This requirement is based on the terms in the Lease Agreement.

                    Gross turnover refers to the total sales generated by the business every financial period. The submission of this information is required as a component of the rent paid is based on a percentage of the gross turnover.

                    The definition of gross turnover is specified in the lease agreement which provides for certain component of sales to be included/excluded respectively.

                    Benefits of Audit of Sales

                    • Helps to review the sales collection process to potentially identify control deficiency
                    • Ensures the tenant’s compliance to the lease agreement
                    • Provide assurance of reported gross sales to the landlord

                    Our Services include

                    • Review of daily sales with the supporting documents
                    • Prepare and issue the sales audit report as per the terms of the lease agreement
                    • Provide consultation on any queries you have on the reporting requirements

                    Sales Audit Procedure by HLB

                    • Our engagement is conducted in accordance with the International Standard on Related Services (ISRS 4400) that is applicable to agreed upon procedures engagements and we indicate that in our report.
                    • Verify to ensure that the gross sales report and the invoice wise listing of the sales for the lease period agrees with the books of accounts or related general ledger.
                    • Perform vouching on selected sample invoices from the sales report and match the sales amount with the invoice wise listing.
                    • Check the arithmetical accuracy of the statement of gross sales.
                    • Examine the existing internal control system on revenue/invoice cycle to confirm the completeness, accuracy and adequacy of sales records.

                    HLB’s Experience in Audit of Sales

                    Being an Approved Auditor with almost all the Mall Authorities in UAE and carrying out more than 1000 sales audit in a year for various well-known brands, HLB HAMT should be anyone’s preferred vendor for this service.

                    Pricing and Competition

                    Although Sales Audit has been one of the very competitive services being offered by most of the Audit Firms, HLB HAMT has already built a niche position in the market for this service through its continuous quality of service and pricing strategy.

                    Further to providing a respite to our customers during the ongoing Covid 19 Pandemic, we have started providing this service remotely at an unbeatable price.

                     

                    Would you like to rate us on Google?         

                     

                    Varun R Chandra
                    Varun R Chandra
                    07:38 25 Apr 21
                    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
                    Giuseppe Assi
                    Giuseppe Assi
                    06:20 31 Jan 21
                    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
                    Mohamed Sheriff
                    Mohamed Sheriff
                    16:16 28 Jun 20
                    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
                    218141 JOSEPH THOMAS
                    218141 JOSEPH THOMAS
                    16:20 23 Jun 20
                    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
                    PMI
                    PMI
                    07:14 23 Jun 20
                    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
                    RAVI CHOKSI
                    RAVI CHOKSI
                    08:28 21 Jun 20
                    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
                    Maharajan Subramaniam
                    Maharajan Subramaniam
                    18:17 06 Jun 20
                    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
                    Mohammed L
                    Mohammed L
                    08:07 05 Jun 20
                    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
                    ROY ROSHAN VIVIAN
                    ROY ROSHAN VIVIAN
                    06:32 04 Jun 20
                    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
                    Basil Daniells
                    Basil Daniells
                    05:55 03 Jun 20
                    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
                    Amar Kashyap
                    Amar Kashyap
                    19:28 02 Jun 20
                    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
                    Radz de Jesus
                    Radz de Jesus
                    16:03 02 Jun 20
                    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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