Accounting solution

Streamlining Clinic Financial Operations

Client Background:

Our client is a clinic based in Dubai in two locations in the UAE, offering a wide range of medical services to patients. As a growing business, they were facing challenges with their financial operations and were looking for a solution that could streamline their accounting, payroll, VAT, and management reporting processes.

The clinic had been struggling with managing their finances in-house, which was a time-consuming and costly process. They had a team of staff who were responsible for various financial tasks, but they were finding it difficult to keep up with the workload.

Our Approach:

We began by implementing a cloud-based accounting software that allowed the clinic to manage their finances more efficiently. We set up all the reports as per the management requirements. We then trained the clinic’s reception staff on how to use the software to create invoices and track payments. We also set up banking functions to initiate payments to various vendors, which helped to simplify the payment process.

As part of our work, we also helped the clinic to handle their VAT functions and ensured timely reporting to the relevant authorities. In addition, we processed payroll for the clinic, including commission calculations, which took the burden off the clinic’s staff and allowed them to focus on other tasks.

To help the clinic’s management team make informed decisions, we also provided them with monthly management reports that showed their financial performance and highlighted areas that needed improvement.

Crevaty Impact:

Our work had a significant impact on the clinic’s finances. By outsourcing their financial operations to us, the clinic was able to save the cost of a full financial function for the last 5 years. In total, this equated to a cost-saving of (AED 25,000 over the last 5 years) AED 1,500,000. This was a significant cost reduction for the clinic and allowed them to redirect those funds towards other areas of their business.

At Crevaty, we understand that every business is unique, which is why we always strive to deliver tailor-made solutions to fit our clients’ specific requirements. We take pride in helping our clients to achieve their goals and reduce their costs, and we look forward to working with more businesses in the UAE to achieve their financial objectives.

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Business Incorporation services

Full services till commence the business and operating in the UAE

Client Background:

Crevaty was approached by a client in the auto transmission industry who was looking to expand his business from Sri Lanka to the UAE. The client had a wealth of experience in repairing high-end car gear parts and it was unique service where most of the service providers cannot supply. Client was looking to set up a B2B business in the UAE.

Our Approach:

At Crevaty, we understand that setting up a new business in a foreign country can be a daunting task, especially when it comes to legal and financial aspects. We took a step-by-step approach to ensure that our client had a smooth and hassle-free experience.

Firstly, we helped the client set up his business in the mainland by considering various free zones and finally deciding on the best location. We then assisted him with the visa process for himself and his employees, and helped him open a bank account in the UAE.

Next, we worked with the client to find the perfect location for his operating yard. After considering several options, we decided on the Dubai Industrial Park, which was ideal for his business needs.

We also helped the client set up his accounting function with cloud software, and assisted him in registering for VAT and complying with all the necessary regulations.

Crevaty Impact:

Our services had a significant impact on the client’s business. By working with us, he was able to navigate the complex process of setting up a new business in the UAE with ease. We gave right advise understanding his business activities as some cases business incorporated cannot operated in the registered territory. In the first year, we even helped him to commence the business without renting a store location, which saved him a considerable amount of money.

Our approach also helped the client to focus on his core business activities while leaving the legal and financial aspects to us. By leveraging our expertise, the client was able to save time and resources, and achieve a faster return on investment. Client focus on marketing side to go with lot of vehicle repairing centres and ended up with signing agreements to refer cases where our client had the expertise on the field.

Overall, our partnership with the client was a success, and we continue to work with him to ensure that his business continues to grow and thrive in the UAE market.

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HRIS

Streamlining HR function

Client Background:

Our client is a well-established service provider in the real estate sector in the UAE with 30 employees. They faced challenges in managing their HR function, as they were unable to keep track of their employee records and attendance, especially for employees working in different locations. The client also struggled to maintain accurate records of employees’ EID, visa, passport, and other documents.

Our Approach:

We proposed implementing our HRIS system to help the client manage their HR function more efficiently. Our HR consultant worked closely with the client to understand their specific requirements and customize the system accordingly. We ensured that all employee records were accurately entered into the system, including EID, visa, passport, and other essential documents. We also integrated our attendance tracking system to monitor employee attendance across different locations.

Crevaty Impact:

Implementing our HRIS system resulted in a significant impact on our client’s HR function. The client was able to streamline their HR processes, saving time and effort in managing employee records, attendance, and other HR functions. With our system, the client was also able to set up alerts for document expirations, ensuring that all documents were renewed on time. Our HR consultant also provided training to the client’s HR team on how to use the system effectively, ensuring that they could manage HR functions independently. Overall, our HRIS system helped our client to manage their HR function more efficiently and effectively, resulting in significant time and cost savings.