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3 Business Pain Points an ERP Solution Can Solve Effectively
Today’s enterprise resource planning (ERP) solutions have come a long way. Modern ERP services use cloud computing, AI, and machine learning to deliver better automation, efficiency, and insights than ever...
Why Seek Business Advisory? 5 Benefits to Acquiring the Services
A business advisory team can provide you with informed, logical business advice, whether you are just starting out or running a well-established, larger organization. If you require help with financial...
5 Risk Management Stages and Ways They Affect Your Business
Risk management is a process that allows organizations to identify the risks that threaten their value, capital, earnings, and reputation and decide what they can do to prevent them or...
Business Process Reengineering 101: 8 Steps and Useful Tips for Your Company
If a company attaches sensors to cattle so it can automate collecting information about livestock health, fertility, and nutrition, is that business process re-engineering (BPR)? It depends. If this optimizes...
Business Modeling: 4 Ways it Can Help Your UAE Company
What is a business model? A business model is an enterprise’s core framework, plan, or scheme for generating value and making a profit. Even a small roadside fruit vendor in...
What Is Digital Transformation and Why Do You Need It?
Digital transformation — you hear about it everywhere. For some, it entails hiring an ERP advisory service so they can implement an enterprise resource planning system. For others, it means...
Why and How to Make Standard Operating Procedures (SOPs) for Your Business
On December 20, 2021, a Boeing 777 plane — Emirates flight EK231 — taxied off a Dubai International Airport runway at 248 mph and was at 269 mph at an...
A Complete Guide to Enterprise Resource Planning
Enterprise resource planning (ERP) is probably one of today's most hyped-up buzzwords. You've heard it bandied about by your peers in the industry. You've listened to people in tech talk...
Feasibility Study: Benefits and Steps for Your Startup
So, you want to launch a specialty bread brand. Should you or should you not push through with your business idea? You can choose to go with your gut feeling...
Where Is Your Business Now? The 4 Stages of Business Growth
Just like living, breathing organisms, businesses undergo certain stages of growth. These stages of the business lifecycle – sometimes referred to as “growth phases,” “maturity phases,” or “growth stages” –...
Is Internal Audit Necessary? Its 6 Benefits for Your Business
Across industries, there’s a widespread notion that only large, complex establishments need to be subjected to internal audits. This, of course, paints an inaccurate picture of what internal audits are...
Affility Consulting Hailed as the UAE’s 2021 Top Consultancy
Established in 2017, Affility Consulting is a Dubai-based comprehensive advisory services firm that’s committed to providing expert insights to clients. We’re known for many things, and one of those is our willingness...
Modern Accounting Standards—Do They Live up to the Regulator’s Expectations?
In the field of financial accounting, uniform accounting standards are crucial so that investors and banks can look at two different companies and understand each one’s financial position rapidly. As...
Is there a link between Capital Structure and Corporate Strategy?
Regardless of how vast a business or its area of specialization is, every organization needs a sound capital structure. Capital structure is the particular combination of debt and equity used...
5 Benefits of Hiring an Independent ERP Advisory Firm for ERP Selection and Project Management
Whether in business or in life, when we ought to make a difficult yet crucial decision – we take an expert opinion. The inception of search engines has made it...
The rapid growth of the cloud kitchen market during a pandemic
Before the global pandemic hit the world in 2020, at least 70% of the restaurant’s business was attributed to the dine-in segment, while about 30% were deliveries. There were restaurants...
Top 5 Financial Hacks for New Entrepreneurs
Entrepreneurs start their business to create a niche market - for their brand and their selves, of course. While there are financial goals to achieve - breakeven and then earn...
How to choose the best Workflow Management Software for your business?
Workflow management software helps in driving optimized performance across multiple departments/ divisions in a business setup. Whether big or small, every business entity should ideally have the right workflow management...
What indicates the expiry of an SOP Document?
SOPs or Standard Operating Procedures, as per the WHO, are written manuals that mention, in detail, how a particular procedure like a test or administrative process needs to be performed....
7 Signs Your Business Needs Restructuring
COVID-19 was unexpected. By the time the business sector felt the impact, things had gone out of hand for many. Most business leaders today are still caught in an overwhelming...
Affility Management Consulting Named Among the Top Diversity & Inclusion Companies for 2021
What is diversity & inclusion? It’s a phrase that outlines the efforts of an organization to create a welcoming environment for employees of diverse backgrounds. A diverse and inclusive workplace...
HOW TO MAKE AN EFFECTIVE INVESTOR PITCH?
An Investor Pitch can be defined as a systemic hierarchical presentation of an idea or product or service made by an entrepreneur with the intention to attain funding or business...
In-house Consultants vs. External Consulting Firms
The decision to hire full-time internal consultants or work with external consulting firms on a project-basis is based on several factors including the cost, expertise required, availability of resources, urgency,...
Effective Strategy Implementation for Startups
The importance of implementing the right strategy for startups The startup-culture has been thriving over the past few years, but more so in 2020, with a lot of people starting...
Private Company Valuation – Know Your Worth
WHAT IS IT? Private company valuation is the set of procedures used to place a value on a company’s current net worth. There are various reasons why a company valuation...
The Importance of ERP Systems for Efficient Remote-working Operations
The decision to implement an Enterprise Resource Planning (ERP) system in an organization is a crucial one because it comes with significant costs and requires a certain level of expertise...
How to Choose the Ideal Risk Management Partner?
Risk Management, the process that ensures controls are in place to mitigate losses, is a core function of business and a tool to enhance efficiency and productivity. This has become...
Strategic Risk Battling in the Construction Industry
War Plans for Combating Construction Industry Risk Risk appetite of construction industry has been deemed at a higher level than most of the other industries, due to the complexities arising...
Combating Risks in the Retail Industry
Background Study Retail Industry with a global market of USD 22.64 Trillion in 2017 is expected to reach USD 27.7 trillion by 2020 and is undergoing a massive change in...
Value Assessment & Re-Engineering of internal audit functions
Internal Audit gives the assurance that the controls and processes are working in the manner intended. However, this assurance should also be applied on the Internal Audit function for the...