Financial services to support you in Saudi Arabia
With the increase in both the competitiveness of global markets and complexity of business environments including transactions, financial reporting is becoming increasingly challenging and relied upon to make business decisions.
The challenges are heightened by significant changes being implemented in the financial sector across numerous locations and the effect this has on reporting standards. Companies are now looking to improve their processes, financial reporting and elevate finance from a transactional department to strategic business partner.
Saudi Arabia aligned their accounting standards issued by the Saudi Organisation for Certified Public Accountants (SOCPA) with the International Financial Reporting Standards (IFRS) from 1 January 2017. The move showed the Kingdom’s commitment to participate in the opportunities available through globalization.
The move to an international reporting system means there is transparent, comparable and consistent financial information to guide foreign direct investors in making decisions.
What we do
- Financial reporting
- Managing working capital
- Invoice processes
- Zakat and tax reporting
- Full financial cycle outsourcing
We provide businesses with a long term financial mindset and tactical financial planning for the whole accounting lifecycle, guiding our clients through decisions and providing local expertise.
Our financial services support companies in Saudi Arabia in moving towards their business objectives while remaining fully compliant. We deliver outsourcing that takes care of the accounting cycle including bookkeeping, Zakat (Saudi Arabia tax) and GOSI compliance, payroll, financial reporting and projections.
Through our outsourced financial services, our clients benefit from significant cost savings, updates regarding licence changes and support with Saudi Arabian tax. Our services prevent delays in payments, reduce the risk of fines and penalties due to non compliance and lower the chances of administrative errors.