Organizational Consultancy in UAE

Raghunath. T, Director

image

HLB HAMT - Accounting Firm in UAE

Phone:- +971 4 327 7775
Mobile:- +971 55 807 4568
WhatsApp:- +971 56 219 1607
Email:- dubai@hlbhamt.com

    Get Free Consultation




    Challenge

    • The company ‘s Finance department was unable to meet requirements of user departments, and was perceived to be too slow, despite a team of 50 employees at the HO and about 100 employees in their branches
    • The Board felt that this department’s functioning would be a hindrance for the company’s growth plans

    Work done and Impact

    • Analyzed the department structure, workflows and processes – in line with the set growth objectives
    • Recommended realignment of workflows, and decentralization of the Finance department.
    • Helped to redefine the Authority Matrix and introduced review systems to ensure that the decentralized structure works effectively.
    • Identified and recommended areas of automation which enabled savings in manpower costs yet improved efficiency and controls

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    Due Diligence in UAE

    Raghunath. T, Director

    image

    HLB HAMT - Accounting Firm in UAE

    Phone:- +971 4 327 7775
    Mobile:- +971 55 807 4568
    WhatsApp:- +971 56 219 1607
    Email:- dubai@hlbhamt.com

      Get Free Consultation




      Challenge

      • Our client was evaluating an attractive business proposition to invest in a specialized product trading and technical services provider in the UAE. The client had industry knowledge and had a favorable view of the target company but wanted to determine the right transaction price for the acquisition.

      Work done and Impact

        • Our team of internal auditors and analysts conducted a detailed due diligence of the target company. This include in-depths analysis of their numbers as well as review of internal systems and controls

      Action / Impact:

      Were able to identify some key issues such as excessive dependencies of some customers and a steady marginal decline in revenue from their more profitable products.

      There were also some accounting practices relating to provisions were incorrectly followed, as also some intercompany loans which were irregular.

      The report helped our client to assess the projected business better to make a more informed valuation decision. They were also able to address compliance issues by making process changes after they completed the acquisition

       

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

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      Organizational Consultancy UAE

      Raghunath. T, Director

      image

      HLB HAMT - Accounting Firm in UAE

      Phone:- +971 4 327 7775
      Mobile:- +971 55 807 4568
      WhatsApp:- +971 56 219 1607
      Email:- dubai@hlbhamt.com

        Get Free Consultation




        Challenge

        • The company’s owners were unable to get the desired results from the CEO who was long associated with the company externally but was in the CEO role only for a short period
        • There were a few senior employees who were not performing, but the owners could not really determine the causes
        • Employees at lower levels were lacking motivation

        Work done and Impact

        • We conducted detailed meetings with the Management and key employees across different levels to understand their expectations and concerns.
        • We analyzed various internal processes and the authority delegation followed, and important business metrics.
        • Based on the above, we were able to recommend an effective new structure that eliminated the need for a few employees who were actually a hindrance to the system
        • The company obtained savings in costs, the owners found it easier to implement their plans and the employees down the line were more motivated and able to work more productively

        Get in touch

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

        Start the conversation

        Internal Audit Services in UAE

        Raghunath. T, Director

        image

        HLB HAMT - Accounting Firm in UAE

        Phone:- +971 4 327 7775
        Mobile:- +971 55 807 4568
        WhatsApp:- +971 56 219 1607
        Email:- dubai@hlbhamt.com

          Get Free Consultation




          Challenge

          • No practice of periodic evaluation of suppliers’ performance.

          Work done and Impact

          • Ensured the implementation of an objective supplier evaluation process

          Action / Impact:

          Were able to understand that there was a need to replace some suppliers and balance purchases across others; about 6 new suppliers were identified resulting in improved costs, lead times and QC compliance

          Challenge

          • Poor stock controls and inadequate review of goods on the production floor

          Work done and Impact

          • In-depth analysis of stock was done across different stages of production – Raw Material  / Work In Progress / Finished Goods

          Action / Impact:

          Reduction in the value of items in the WIP warehouse by approx. 33% over a 6-month period without loss in production output

           

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

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          Internal Audit Management UAE

          Raghunath. T, Director

          image

          HLB HAMT - Accounting Firm in UAE

          Phone:- +971 4 327 7775
          Mobile:- +971 55 807 4568
          WhatsApp:- +971 56 219 1607
          Email:- dubai@hlbhamt.com

            Get Free Consultation




            Challenge

            • Lack of visibility on financials and unexpected drops in results due to old stocks and sticky receivables

            Work done and Impact

            • Root cause analysis was done. Primary reasons were lack of strong internal reviews and weak provisioning processes followed for stock and receivables. The existing provisioning processes for both debtors and stock were not aligned to reality. The age of the receivable was not adequately scrutinized and provision for stocks were not aligned to realizable discounted prices.
            • Action / Impact:

              More realistic provisioning criteria were applied and a one-time hit in numbers was consciously taken. Related KPIs were also made and integrated with performance reviews. Subsequently, this resulted in greater internal sensitization among operating teams and also lesser surprises.

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

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            Workload Analysis in UAE

            Raghunath.T, Director

            image

            HLB HAMT - Accounting Firm in UAE

            Phone:- +971 4 327 7775
            Mobile:- +971 55 807 4568
            WhatsApp:- +971 56 219 1607
            Email:- dubai@hlbhamt.com

              Get Free Consultation




              Challenge

              • A company that was into large scale catering was finding it difficult to assess their employee adequacy
              • The senior management believed that there was excess manpower – yet, managers and employees on the ground perceived a manpower shortage
              • There were also consistently high overtime payouts

              Work done and Impact

              • Using primary and secondary sources, we obtained relevant industry data on Employee to Customer ratios across similar companies
              • We analyzed the overtime costs and staff requests at department level, and found that major issues were in the Kitchen
              • Our consultants carried out a Time and Motion study, covering all shifts of the kitchen for a period of 4 days and analyzed areas of high staff requirement
              • We found that there were no major instances of slackness among employees
              • However, on further analysis, we were able to pin-point certain specific items in the menus offered that were very high on cooking / preparation time
              • We checked the criticality of these menu items to customer requirements with the concerned operating teams. With their feedback, we concluded that by changing some specific menu items, we could reduce the cooking time and hence staff workload and overtime significantly

              Get in touch

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

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              Human Resources Optimization in UAE

              Raghunath.T, Director

              image

              HLB HAMT - Accounting Firm in UAE

              Phone:- +971 4 327 7775
              Mobile:- +971 55 807 4568
              WhatsApp:- +971 56 219 1607
              Email:- dubai@hlbhamt.com

                Get Free Consultation




                Challenge

                A client company who was into project sales across the region had approached us with the following concerns:

                • They were unsure if they were overstaffed (i.e., was HR cost as % to sales was too high?)
                • They were not clear how to downsize if business drops
                • Were they paying the right salaries?

                Work done and Impact

                • We assessed manpower utilization, and determined optimal manpower based on current projects, planned handovers and the order pipeline
                • We advised them to restructure their departments and realigned project cost calculations to get better cost estimates
                • We built business case scenarios for different situations to estimate the optimal headcount in each situation, thus enabling the company to take the correctly plan manpower
                • We benchmarked salaries across relevant competitors to correctly know in which positions where corrections were needed

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

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                Workflows and Standard Operating Procedures in UAE

                Raghunath.T, Director

                image

                HLB HAMT - Accounting Firm in UAE

                Phone:- +971 4 327 7775
                Mobile:- +971 55 807 4568
                WhatsApp:- +971 56 219 1607
                Email:- dubai@hlbhamt.com

                  Get Free Consultation




                  Challenge

                  A manufacturing sector client with whom we were associated was facing regular issues of material non-availability despite the Purchase Head being a seasoned employee who had excellent knowledge of products and suppliers

                  All departments were clear that it was the Purchase team which was at fault for the issue, but there was no apparent solution

                  Work done and Impact

                  • On closer analysis of the internal processes, we found that the root cause was that there were too many tasks that the purchase head was doing by himself due to “confidentiality” issues although these were not of any strategic significance.
                  • The rest of the team was usually engaged in very trivial tasks of little value addition.
                  • The consultants proposed a new workflow and delegation of authority structure in the department, with proper controls. This ensured better work flows and accountability at all levels, and improved material availability resulting in greater order fulfillment rate, reduced emergency purchases etc.
                  • The company’s dependence on the Purchase Head was also reduced, thus benefiting business continuity

                  Get in touch

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

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                  Transformation & Change Management in UAE

                  Raghunath.T, Director

                  image

                  HLB HAMT - Accounting Firm in UAE

                  Phone:- +971 4 327 7775
                  Mobile:- +971 55 807 4568
                  WhatsApp:- +971 56 219 1607
                  Email:- dubai@hlbhamt.com

                    Get Free Consultation




                    Challenge

                    • A locally owned family enterprise that was successfully running for over 30 years in the UAE had appointed a new CEO
                    • The company’s owners were unable to get the desired results from the CEO despite his excellent past track record and old acquaintance with the owners
                    • There were a few senior employees who were not performing, but the owners could not really determine the causes
                    • Employees at lower levels were lacking motivation

                    Work done and Impact

                    • We conducted detailed meetings with the Management and key employees across different levels to understand their expectations and concerns.
                    • We analyzed various internal processes and the authority delegation followed, and important business metrics.
                    • Based on the above, we were able to recommend an effective new structure that eliminated the need for a few employees who were actually a hindrance to the system
                    • The company obtained savings in costs, the owners found it easier to implement their plans and the employees down the line were more motivated and able to work more productively

                    Get in touch

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

                    Start the conversation

                    Performance Management Systems in UAE

                    Raghunath.T, Director

                    image

                    HLB HAMT - Accounting Firm in UAE

                    Phone:- +971 4 327 7775
                    Mobile:- +971 55 807 4568
                    WhatsApp:- +971 56 219 1607
                    Email:- dubai@hlbhamt.com

                      Get Free Consultation




                      Challenge

                      A family owned business in the UAE was aiming to implement a Performance Management System as part of an initiative to transform themselves. However, the management was unable to implement it despite having very well defined internal systems and processes in place

                      A Balanced Score Card initiative was launched with great expectation but did not take off

                      Employees were lacking motivation due to a perceived bias in their appraisal ratings

                      Work done and Impact

                      • The client in question was an existing internal audit client for us, and as a result we had an in-depth knowledge of their structure, systems and processes
                      • This enabled us to create tangible linkages between various BSC parameters and their actual deliverables (this link was missing earlier)
                      • Our in-depth involvement and understanding of their business and processes enabled us to define BSC parameters that were accepted by the team
                      • From a situation where performance pay was mostly done based on subjective criteria, it became about far more objective and related to actual performance delivery

                      Get in touch

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

                      Start the conversation
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