Starting your business - Services | KPMG | OM

Starting services

Starting services

You had an idea. From that idea grew a company. Whether you’re a startup or on the fast track to success. We work with companies - just like yours.

You had an idea. From that idea grew a company. We work with companies - just like yours.

Business planning

Developing a strong business plan is critical to the success of any startup business.  KPMG Enterprise works with entrepreneurs to help build robust plans that include detailed strategy around all aspects of their organization:  finance, sales and marketing, operations, supply chain, procurement and engineering.  As part of our business planning process, we look to assess current processes, analyze data for trends and identify the areas of greatest opportunity.

Startup financing

You have a fantastic business plan – now you need the financial support to bring your plan to life. But what financing options are available to entrepreneurs? Are there government programs for startups in your sector? Can your concept attract strategic or angel investors?

KPMG Enterprise advisers can help you identify the financing plan that you need to fuel your growth. From helping you identify early-stage financing options to helping you connect with potential investors – we’ll work with you every step of the way to help turn your vision into reality.

Business strategy services

When it comes to doing business, status quo will not work for long. There’s little doubt you’ll face ongoing threats, whether from new technologies, competition, or industry changes. As an owner-manager, you need to think about the future today so you can build a sustainable model for your business.

KPMG Enterprise advisers can work with you to review your business model and help identify strategic initiatives that will support your objectives. We do this through facilitated sessions focused on helping you develop the right strategy for your business – and by helping you execute, monitor and make ongoing adjustments to your strategy.

Expanding internationally

When it comes to growth, you’re thinking beyond your borders. International expansion presents many opportunities, from expanding your market base to lowering your costs. It also presents unique risks – different regulatory rules and requirements, tax implications, and culture or language barriers.

KPMG Enterprise advisers span 156 different countries, providing you with access to the resources and information you need to be confident in your expansion strategy. We’ll leverage our global expertise through local experts to help you understand your risks and how you can mitigate them so you can take your business anywhere you might want to grow.

Assurance

The need for effective risk management and controls is crucial in an environment of increased scrutiny. It is important to minimize these risks in an entrepreneurial business, not only for the business itself, but also for the family, property holdings and capital. Implementing controls, securing new financing, efficient tax management and optimization can all have a positive impact on the bottom line of your  business.

Going public

Taking your company public is an exciting process. It brings with it prestige and higher visibility in the market. At the same time, going public brings new risks, including complex accounting and reporting requirements and the need to manage new stakeholders – like the board and your shareholders.

To get the most reward, you need to be well informed and well prepared. KPMG Enterprise advisers can work with you to decide whether going public is the right choice for your business. If you go forward, we can help you manage the IPO process and begin to operate in the public company environment.

Payroll

Companies outsource their payroll functions - delegating payroll administration to a third party with proven expertise in payroll processes - to get more accurate, timely and confidential systems which are compliant with local regulations and laws and based on the latest technology. Companies can then concentrate on their core business activities, saving time and enabling them to focus on what really matters to them. Payroll processing is an important, sensitive and time consuming activity. Errors or delays impact employee morale and can affect organizational performance.

We can:

  • Process payrolls, including issuing pay slips and e-pay slips
  • Administer employee benefits
  • Ensure all payments are aligned with worker protection schemes (WPS)
  • Manage employee reimbursements and travel expenses
  • Update leave balances, including accrued and consumed leave
  • Manage bonus, overtime and incentive payments
  • Alert staff on expiry of passports, visas and other key documents

Bookkeeping

We have invested in a new, cloud-based bookkeeping platform which gives clients better direct access to a number of reports. This new platform also allows:

  • Accounting for monthly invoices and transactions
  • Producing monthly reports
  • Preparing payments for online banking systems

For those unable to embrace cloud technology, we can also store data on our own dedicated, secure internal servers.

MIS and KPI dashboards

We leverage leading edge proprietary tools and our experience gained from working with prominent companies in the UAE for more than forty years to develop customized dashboards that are designed according to client needs.
Our seasoned professionals consolidate large amounts of company financial data onto dashboards - including charts and current status reports (often using RAG traffic lights) - so that key decision makers can easily understand critical information. Our dashboards allow senior management to make the important decisions needed to drive the business forward - as well as to see - and therefore deal with - issues before they become significant problems.

Process and procedural gap analysis

Our experienced professionals can review processes and procedures for single departments or for an entire company. We make recommendations aligned with industry-specific leading practice for departments including:

  • HR
  • Sales
  • Procurement
  • Operations
  • Finance

Temporary secondments

We help clients augment their existing management and technical resources by seconding experienced KPMG professionals for short or long-term assignments.

When you work with a KPMG team, you will:

  • Gain access to quality people and proven business methodologies
  • Engage with people who both listen to you and speak your language
  • Receive advice that’s clear, practical and jargon-free
  • Work with a professional organization that tailors its services to your needs
  • Choose and pay for only the services you need and want
  • Enjoy the peace of mind that comes from working with people who take their professional and ethical responsibilities seriously


 

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