Business Management Services in UAE
Complete Portfolio of Business Management Services to Transform Your Emerging Business to a Revenue Generating Machine!
Commitbiz is as a one-stop-solution provider offering business advisory services to aspiring global investors in the UAE. Our expertise in identifying the right investment avenues for our clients in the Middle East, and providing them with the consultancy to make their commercial vision come true in accordance to the specified rules and regulations has earned us an unbeatable reputation in the industry.
Business Management Challenges Faced by Corporates
Rightly said – it is easy to set up a business but difficult to manage it effectively. Corporates face multiple challenges while trying to set up a business in a foreign location, few of those challenges are:
- Lack of proper hierarchy & reporting structure
- Employees unhappy with the management
- A high attrition rate of the employees
- Inability in proper planning and finance management
- Under-utilization of the employees' potential
- Inability to measure performance and productivity of the employees
- No time to strategize and expand the business
- Inefficiency in validating financial viability of the business
- Lack of risk analysis and credit analysis
How We Can Help You Overcome These Challenges
Commitbiz offers a comprehensive portfolio of business management and advisory services that can help you overcome your business management challenges, reduce costs, enhance revenues, and increase your profit while keeping your business goals in mind. Our key business consultancy services include:
- Feasibility Study
- Project Planning
- Software Consultancy
- Corporate Finance Services
- Credit Analysis
- Risk Analysis
- Business Amalgamations
- Business Valuation
- Due Diligence
- Business Performance Management
Our Business Management Portfolio - In Detail
We conduct Market Feasibility Study and Financial Feasibility Study to analyze the feasibility of your business investment in the current market scenario and make cash flow forecasts and projections. We study the latest market trends, existing competition, client needs, new and upcoming products, and prices as a part of our market feasibility study.
Financial Feasibility Study includes making projections, creating profit & loss reports, understanding the financial scope of the proposed project, assessing total investment costs and projected income and expenses from it, among other things. Our Financial feasibility study helps in stabilizing the financial position of your business and provides a warning in case problems or issues arise in future.
Project planning is a part of project management, which makes use of Gantt charts to plan and subsequently report progress within the project environment. Additionally, it involves determining appropriate methods for completing the project on time. As a part of project planning, work breakdown structure is created to list the required number of tasks, and predict the approximate time required to complete those tasks. An activity network diagram is used to determine the logical dependencies between the tasks and identify the critical path, and the project management software is used to calculate the slack time/float time in the schedule.
Thereafter, all required resources can be estimated and costs for each activity can be allocated to each resource, giving the total project cost. At this stage, the project plan may be optimized to achieve the appropriate balance between resource usage and project duration to comply with the project objectives. Once established and agreed, the plan becomes what is known as the baseline. Progress will be measured against the baseline throughout the life of the project. Analyzing progress compared to the baseline is known as earned value management.
Businesses are increasingly looking for integrated solutions tailored to their specific needs. We conduct system study to find out the specific requirements of our clients in terms of accounting software and recommend them the best accounting software as per their needs. We can also assist and execute implementation of accounting software like Tally, Peach Tree, and QuickBooks etc.
Corporate Finance Services
Financial planning is extremely vital to keep the businesses functional and running, have required cash flow whenever needed, and earn profits. Methods of financing are numerous, and often complex, but almost every business needs it to survive. Finance may take various forms, like overdraft, preferential credit, or a loan. Whichever, the form be, in order to keep the finances manageable, it is important to have serious financial considerations and ensure that it fulfills the primary business need, i.e. profit making.
Commitbiz has the knowledge and resources to advise you and your business on the most appropriate method of finance as per your business needs. Our independent teams of financial advisers can help you identify accounting, legal, regulatory and tax issues, implement innovative financial products, and analyze collateral and involved risks, ensuring realistic return on investment for your finances.
In order to ascertain that the borrower will live up to his or her financial obligations, we help financial institutions evaluate the applicant's corporate debt issue or a loan request. In a nutshell, we diagnose and assess the applicant's audited financial statements to ascertain the financial health of his / her corporation.
Business involves different types of risks; some of these risks may be under your control while few risk factors may be outside your area of expertise. Risk analysis is the most important step of crisis prevention and risk management, with a key emphasis on cost-effectiveness. Risk analysis is used to examine the risks faced by the clients, asses those risks, and decide a suitable course of actions to minimize risks in the near future. Understanding the threats based on a structured approach, and evaluating the probability of its occurrence using existing resources and strategic planning forms the crux of risk analysis.
Consolidation or amalgamation is the act of merging many things into one. As per the Halsbury's Laws of England, 'amalgamation' is defined as "a blending together of two or more undertakings into one undertaking, the shareholders of each blending company, becoming, substantially, the shareholders of the blended undertakings."
In business, it often refers to the mergers or acquisitions of many smaller companies into much larger ones, aggregating their financial statements as a consolidated account, and treating a group of companies as one entity for tax purposes.
Business valuation is used to estimate the economic value of an owner's business interest, and determine the price financial market participants are willing to pay or receive in case the business is set up for a sale. In addition to estimating the selling price of a business, these valuation tools are used by business appraisers to determine the business purchase price, resolve gift taxation or real estate related disputes, allocate business assets, and file divorce litigation. Additionally, these business valuation tools are used to settle various other business and legal purposes like developing a formula to estimate the partners' ownership interest value for buy-sell agreements.
Due diligence is legal obligation mandatory for companies planning to enter into an agreement or a transaction with another company, in order to confirm all facts related to the sale. It most commonly applies to voluntary investigations. Due diligence is an effective method of preventing unnecessary harm to either of the parties involved in the transaction and involves reviewing all financial records pertaining to the transactions and an audit/investigation of a potential investment.
Business Performance Management
It is essential to continuously review business performance in real-time and identify problems before they grow. Business Performance Management is a part of business intelligence that involves monitoring and managing an organization's performance, according to key performance indicators (KPIs) such as revenue, return on investment (ROI), overhead, and operational costs. It also aids in monitoring the efficiency of projects and employees against operational targets. BPM helps businesses make efficient use of their financial, human, material and other resources.
BPM involves consolidation of data from various sources, querying and analysis of data, and incorporating the results into practice; thereby enhancing processes by creating better feedback loops. BPM's forecasting abilities perfectly answer the what-if scenarios using a high degree of predictability, allowing timely corrective actions enabling companies to meet revenue projections. Business performance management is useful in risk analysis and predicting outcomes of merger and acquisition scenarios and coming up with a plan to overcome potential problems.
Commitbiz for Effective Business Management
Setting up a business involves a huge investment in terms of money, time and resources, so it becomes extremely crucial to ensure that it pays rich dividends. We understand the apprehensions associated with business incorporation in a foreign land, and therefore offer a gamut of highly reliable business management services that ensure the success of your business initiatives in the UAE.
Understanding of the local economic and business conditions, coupled with the vast business formation experience helps us provide a comprehensive picture of the investment opportunities in UAE to our clients, and prepare them to sustain the volatile business environment and beat the existing competition. Business management services from Commitbiz help you sail through the company formation procedures with ease, and assist you in managing your business effortlessly, and getting the desired return on your investments.
If you are looking for a trustworthy and experienced company to manage your business in the Middle East, Commitbiz is the partner of choice. Contact us today to avail our business management services; our team will be glad to assist you.