6 What are the key areas that business advisory services cover in Dubai?

Business advisory services in Dubai cover a wide range of areas, including financial management, accounting and bookkeeping, business planning, market research, risk management, human resources management, and legal and regulatory compliance. The services can be tailored to meet the specific needs of a business, depending on its size, industry, and growth objectives.

How can business advisory services help my business in Dubai with strategic planning?

Business advisory services in Dubai can help businesses develop effective strategic plans by conducting a thorough analysis of the business environment, identifying opportunities and threats, and defining clear objectives and action plans. The service provider can also assist with monitoring and evaluating progress, making adjustments as necessary, and providing ongoing support and guidance. With the help of business advisory services, businesses in Dubai can develop a clear roadmap for achieving their long-term goals and staying ahead of the competition.

Best Business Advisory Services in Dubai UAE, CFO Services

Name: BCL Globiz
Address: The Prime Towers, 27th Floor, Business Bay, Dubai, AE
Telephone: +971 58 594 0142

Business Advisory Services

A successful business needs a successful planning that combines comprehensive budgeting, better financial planning, and realistic forecasts. Such business planning goes on to provide financial stability, enhance visibility of risks, help analyze bottlenecks, enable control over expenses, and facilitates better fundraising.

We, the experts at BCL, help you in creative construction of the business plan with the help of software suites, deep dive in research combined with human curation that delivers a great financial health to your organization.

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Management Reporting Services

Financial Reporting deals with the process of documenting, analysing, and communicating the financial affairs of your business over specific periods, typically on a monthly, quarterly, or yearly basis. A perfectly maintained monthly financial report provides you with visibility to the overall performance, helps you strategize your operations, and increases your credibility and creditworthiness.

Management Reporting to Empower UAE Businesses

Financial reporting discloses the financial information to stakeholders that include investors, the public, lenders, and government agencies.

Types of Financial Reports

● Balance Sheet
● Income Statement
● Cash Flow Statement
● Statement of Stakeholder equity

Objectives of maintaining Financial Reports

Deliver information to the management for planning, analysis, and decision-making
Submit the performance scenario to investors, promoters, and lenders that help them take calculative decisions.
Provide stakeholders with visibility to performance management and aid them to discharge their responsibilities diligently.

How BCL Globiz can help in Business Advisory?

Customized reports in line with your business model
Periodic variance analysis- Budgeting v/s actuals
Decision making metrics like Employee attrition rate, AR/AP cycle, working capital cycle, etc.,

Business Advisory?

● Usage of tools like Zoho analytics and Power BI
● Helpful insights designed to take critical decision

CFO Services in Dubai

BCL Globiz provides a flexible engagement model which based on the size and growth stage of your business, gives you an option to increase/decrease the level of our involvement, empowering you to have the best CFO talent and an expert team assisting you to meet your business requirements.

CFO Services in Dubai

Financial Management is the key factor for a business to progress in future on a long term. While growing businesses owners often reach a stage where they require a financial advisor but cannot afford a full-time Chief Financial Officer on their rolls. For that, your organization need CFOs who will assist in identifying your greatest risks and prospects, providing a clear path to expansion and maintain consistent financial health. We provide Virtual CFO services to meet these challenges and overcome them by giving financial and professional aid, analysis and support to the management.

Virtual CFO at BCL Globiz assist in following ways

Finance Controller

Keeps an eye on the financial health of the business usually by adopting cloud technology
Offer financial guidance and insight to the business
Financial Planning & Analysis
Debtor & Creditor Management
Evaluation of ERP and its Implementation

following ways

● Streamline Reporting
● Controls & Compliance
● Support Valuation Activities & Funding

BCL is here to help you with your business every step of the way. Whether you need advice on how to grow or support in opening the best-suited business in Dubai, we have got you covered. Our business advisory services in Dubai are designed to make things easy for you, focusing on adaptability, flexibility, security, and privacy.

Financial Planning Services Dubai

Types of financial planning:

Cash Flow Planning – Manages the inflow and outflow of money that keeps a check on income and expenses. In cash flow planning businesses calculate their present and future expenses thereby ensuring appropriate savings at the time of emergency
Investment Planning – Helps organizations accumulate good wealth by investing in financial institutions such as equities, mutual funds, fixed deposits, debt securities, saving scheme etc.
Tax Planning – A proper tax plan minimizes the tax cost and maximizes the financial savings through structuring and incentives. Investment in tax-saving instruments minimizes your taxable income and increases the return on investment.

Financial Planning Services Dubai

Financial planning reduces risks and uncertainties of future. It contains strategies to achieve your important financial goals while maintaining a stable financial health.

Financial Forecasting Services

The purpose of creating a financial forecasting report needs to be well-defined before carrying out the analysis whether it aims at raising capital, reaching out potential investors / buyers, evaluating acquisition, or budgeting a project or a company.

Financial Forecasting Services

A financial forecast is typically a projection of future expenses and revenues. The forecast is prepared based on historical or internal data and includes prediction of external factors of the market.

Incorporation of a realistic projection helps attract investors and also estimates the future financial income to be applied in capital budgeting. Preparation of financial forecasting involves a detailed analysis of past and current data while involving in various dynamics of the market and business’s scenario to project future financial statements of an organization.

Budgeting Services Dubai

Different types of budgeting:

Incremental Budgeting – Adjusts existing budget by increments reflecting overall growth or decline of the organization
Activity-based Budgeting – Works on goal-specific short-term plans
Value-proposition Budgeting – Calculates the value of the business and maximizes the budget in the areas of stronger results
Zero-based Budgeting – Eliminates extra expenditure providing complete control through line-by-line justifications of plans and purchases

Budgeting Services Dubai

Budgeting includes the estimation of revenue and planning of expenses over a specified future period of time typically one year. Budgeting helps you plan all your operations beforehand so you have all the cash flow and don’t get into debt.

Advantages of Budgeting

● Helps tackle challenges in receiving and spending money
● Aids smart allocation

Advantages of Budgeting

Avoids unnecessary over-inflated costs
Facilitates crisis management

Whether you are seeking financial reporting services in UAE or assistance in finding the perfect office space, BCL is your reliable partner. We help you throughout your expansions and movements, ensuring a smooth and hassle-free process. With our commitment to simplicity and convenience, we make sure that every business can easily navigate and benefit from our services.