Drive your business to efficiently outperform in today’s fast-paced economy.
Drive your business to efficiently outperform in today’s fast-paced economy.
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.
Fraud risk management
Fraud, corporate crime, commercial disputes and litigation: any of these can negatively impact your reputation and undermine your stakeholders’ confidence. Regardless of your size, you should understand your key risks and have plans in place for mitigation.
KPMG Enterprise advisers can use investigative techniques, specialized technologies and forensic accounting to help you prevent and resolve disputes. If an incident has occurred, we can conduct national and international investigations to help preserve evidence, assist with recoveries and lay a foundation for action. During a litigation or commercial dispute, we can also provide independent and objective analysis of any accounting and financial issues involved.
When it comes to cyber security, the world is constantly changing. New threats come up every day, while information security is becoming a critical focus of governments and regulators. Do you know your biggest cyber threats? Are you managing and protecting your client information appropriately?
You might think because of your size or your location that you’re not at risk. That’s not the case. Every business faces cyber threats. KPMG Enterprise advisers can work with you to understand your biggest cyber threats and help you create a smart and cost effective approach to make sure your information remains safe – along with your reputation.
Cash and working capital management
When it comes to business costs, many entrepreneurs have challenges understanding their working capital requirements and how they can align their operations in order to maximize cash and reduce debt costs. You may not realize there are tools and processes that can help you manage your working capital far more effectively than ever before.
KPMG Enterprise advisers working in member firms around the world can work with you to understand and forecast your cash flow streams, optimize your processes, and develop reporting policies to support and encourage better cash management. KPMG firms can also help facilitate training and skills transfer so any improvements can be sustained within your organization.
Financing and M&A
Mergers and acquisitions can be a great way to grow or diversify, but navigating the options can be challenging, especially for entrepreneurial businesses. How can you be confident that the deal you’re making will achieve your desired outcomes?
KPMG Enterprise advisers can help you get the most value out of a deal by providing unbiased advice across all stages of the transaction – from strategy development and target identification to implementation. Our firms can also work with you to evaluate financing options and structure debt solutions that may give you the financial flexibility you need to deliver on your growth plans.
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.
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.
An effective, well-managed information technology (IT) system is one of the most valuable business advantages an organization can secure. The right technology, implemented properly, appropriately managed and monitored, can lead to significant gains in growth and efficiency. It is essential to get sound business advice to ensure technology risks are managed. IT is challenging to get right and expensive to get wrong — not only in terms of dollars spent, but also in lost efficiency and potential regulatory infringements. KPMG firms work with clients to analyze business technology issues within their businesses.
Data and analytics
New technologies and innovations are making it easier than ever to get data on your operations and customers. The question is: how can you go beyond the data to achieve actionable insights and use data to manage your risks, reduce your costs and grow your business?
KPMG Enterprise professionals can help you make sense of the data you have – and work with you to understand where your business is at compared to your competitors, locally and globally. Using data and analytics, you can respond to the shifting demands of your customers and make more informed decisions on how to achieve your goals going forward.
Transfer pricing tax services
Fiscal authorities in many jurisdictions are strengthening their local legislation regarding transfer pricing and increasing penalties for non-compliance. Whether you already have operations in different countries, or plan to expand as part of your strategic goals, understanding tax rules for multinationals is a critical step toward making sure your business is commercially viable and tax-efficient.
KPMG Enterprise advisers can assist you with creating a commercially viable global tax strategy – one that recognizes global issues while incorporating local knowledge and requirements. KPMG Enterprise advisers across our member firms help you see beyond your borders and manage transfer pricing in effective and efficient ways.
Every transaction has tax implications. Whether you’re contemplating an acquisition, a merger, or restructuring – understanding the relevant tax issues will let you take advantage of tax opportunities while reducing your transaction risks. If you’re considering an M&A outside your home jurisdiction, getting specialized tax advice can help you ensure your deal is commercially viable.
KPMG Enterprise firms’ advisers can work with you to understand the tax implications of your potential deals and help you to structure transactions in ways that are tax-efficient. No matter where you are in the deals lifecycle, KPMG Enterprise can help you determine the best tax structures to support your endeavors.
International executive services
Whether you’re sending employees on international business travel or multi-year expatriate assignments – proper tax planning, compliance services and technology tools can help you operate more efficiently and reduce assignment tax costs. To do this, you need to know the tax opportunities and challenges of working in different countries. Non-compliance can result in costly penalties and unrecorded liabilities.
KPMG Enterprise advisers across KPMG firms can work with you to develop tax programs that support your strategy while complying with local tax rules. They can also help review your current programs to improve your tax efficiency and give you straightforward answers on the tax implications of international work your employees do.
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 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:
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:
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: