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AIG Memsa Holdings – Accounting and Book-Keeping Outsourcing
September 20, 2024
About TAG Consulting
TAG Consulting is committed to providing exceptional outsourced accounting services, tailored to the needs of companies like AIG Memsa Holdings. Whether you require support for financial statement preparation, book-keeping, or compliance with US-GAAP and IFRS, our experienced professionals deliver high-quality, customized financial solutions to keep your business running smoothly.
Client's Requirements & Objectives
- Comprehensive Accounting Solutions: AIG Memsa Holdings required assistance with the preparation of quarterly and annual financial statements, ensuring compliance with both US-GAAP for internal reporting and IFRS for statutory purposes.
- Outsourced Financial Support: The client needed an efficient outsourcing partner to manage ongoing general book-keeping activities and ensure accurate financial disclosures, allowing their internal teams to focus on core business operations.
TAG Consulting's Approach
- Financial Statement Preparation: TAG Consulting’s team took full responsibility for preparing AIG Memsa Holdings’ financial statements, meeting the dual requirements of US-GAAP for internal stakeholders and IFRS for external statutory purposes. Our in-depth understanding of both standards ensured full compliance and accuracy in financial reporting.
- Book-Keeping Outsourcing: We implemented a seamless general book-keeping system, managing AIG Memsa Holdings’ day-to-day financial transactions, including entries for expenses, revenues, and payroll. Our system was designed to meet the specific needs of their operations, ensuring data integrity and transparency
What We Delivered
Through our Accounting & Book-Keeping Outsourcing Services, TAG Consulting ensured that AIG Memsa Holdings had access to accurate, timely, and compliant financial reporting. We managed all aspects of their general book-keeping, providing them with a reliable foundation to support their financial decision-making processes.
Results & Achievements
- The accurate and timely preparation of quarterly and annual financial statements allowed AIG Memsa Holdings to meet both internal reporting requirements (US-GAAP) and external statutory obligations (IFRS), without missing any critical deadlines.
- By outsourcing general book-keeping, AIG Memsa Holdings was able to reduce the burden on their internal teams, freeing them up for more strategic tasks, resulting in greater operational efficiency and improved financial oversight.
- TAG Consulting’s solutions contributed to enhanced financial transparency, better compliance with regulatory requirements, and increased focus on core business activities for the client.
Our Services
We specialize in delivering customized solutions that meet the unique needs of our clients.
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TAG Management Consulting’s Skills Development Services offer comprehensive training programs designed to enhance the skills and capabilities of your workforce. Our programs cover a wide range of topics, from technical skills to leadership development, ensuring that your team is equipped to meet the challenges of today’s business environment.
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Business Intelligence & Financial Services
TAG Management Consulting’s Financial Modelling Services provide businesses with detailed financial models that support strategic planning, investment analysis, and decision-making. Our models are designed to be flexible, accurate, and aligned with your business goals.
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Business Assurance & Risk Management
Maintain the integrity of your business with our Business Assurance Services. We provide internal audits, financial reporting, operational reviews, and compliance checks to ensure that your business adheres to the highest standards of accountability and transparency.
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TAG Management Consulting’s Data Analytics Services help businesses harness the power of data to make informed decisions, improve performance, and drive growth. Our data analytics solutions are tailored to meet the unique needs of each business, providing actionable insights that support strategic decision-making.
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TAG Management Consulting’s Foreign Investment Advisory Services are designed to support businesses in making informed decisions about cross-border investments. We offer tailored advice on navigating international regulations, assessing market opportunities, and mitigating investment risks.
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Streamline your operations with our Business Process Outsourcing services. We manage general accounting, payroll management, HR outsourcing, and account reconciliation, allowing you to focus on your core business while we ensure efficiency and compliance.
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The United Arab Emirates (UAE) has emerged as a global hub for business and entrepreneurship, attracting ambitious individuals from around the world. With its strategic location, thriving economy, favorable tax regulations, and business-friendly environment.
November 8, 2024
Demystifying Tax Residency Certificate in the UAE Copy
The United Arab Emirates (UAE) has emerged as a global hub for business and entrepreneurship, attracting ambitious individuals from around the world. With its strategic location, thriving economy, favorable tax regulations, and business-friendly environment.
November 8, 2024
Demystifying Tax Residency Certificate in the UAE Copy
The United Arab Emirates (UAE) has emerged as a global hub for business and entrepreneurship, attracting ambitious individuals from around the world. With its strategic location, thriving economy, favorable tax regulations, and business-friendly environment.
Clients Testimonial
TAG Management Consulting has been in the service sector for over a decade and has served some of the most renowned brand names of world over.
"The tailored financial advisory services offered by TAG have greatly improved our decision-making processes. Their expertise in VAT consultancy and compliance has been a critical factor in our operational success."
DP World
"TAG’s business assurance services have been instrumental in improving our risk management framework. Their deep industry knowledge and ability to offer practical solutions have elevated our operational standards."
Sharjah Electricity & Water Authority (SEWA)
"TAG’s ability to provide tailored accounting solutions streamlined our processes, allowing us to focus on key growth areas. Their support has been invaluable to our financial management team."
Etihad Airways
"TAG Management Consulting’s comprehensive audit services have helped us maintain compliance with stringent regulations while enhancing operational efficiency. Their team’s professionalism and attention to detail are truly commendable."
Dubai Islamic Bank
"TAG’s expertise in financial and operational reporting has been an asset to our operations. Their ability to provide detailed insights while ensuring accuracy in accounting processes has significantly improved our financial transparency."
Al Futtaim Group
"The staff secondment services provided by TAG were exactly what we needed to support our Accounting and Finance department. Their qualified professionals seamlessly integrated into our team, helping us meet critical project deadlines with ease."
Al Jomia Energy & Water
"TAG’s work in re-evaluating and upgrading our budgeting models provided us with enhanced clarity and efficiency. Their efforts in automating our accounting systems were invaluable, streamlining our operations and preparing us for future growth."
Engineering Associates
"TAG’s re-evaluation of our budgeting models and their upgrade of our accounting systems were a game changer. They provided a holistic view of our business, helping us to strengthen our offshore market share and improve internal operations."
Al Ain Mineral Water Company (P.J.S.C.)
"TAG's financial feasibility study for our agricultural investment project in Pakistan was critical to our decision-making process. Their financial modeling and projections gave us a clear understanding of the potential outcomes, making it easier to move forward with confidence."
Madar Holding
"TAG’s recruitment support was impeccable. From advertising to shortlisting and interviewing, they provided top-tier candidates that perfectly matched our requirements. Their hands-on approach ensured we secured the best talent for our needs."
Emirates Foodstuff and Mineral Water Company (AGTHIA)
"The expertise of TAG’s team, particularly in staffing our Finance & Accounting division during critical times, was instrumental. They perfectly complemented our knowledge base and provided much-needed support for the ERP implementation. Their professional support has been invaluable for our operations."
Agthia Group
TAG’s accounting and bookkeeping outsourcing services were nothing short of exceptional. Their attention to detail, combined with their knowledge of US-GAAP and IFRS, ensured that our quarterly and annual financial statements were accurate and timely. They’re a valuable partner for any accounting needs."
AIG Memsa Holdings
"TAG's professional staff deputation was key in balancing our Finance & Accounting division’s workload. Their expertise, especially in SOX compliance, ensured a smooth and effective implementation process, exceeding our expectations."
Al-Dahra Agricultural Company U.A.E
"TAG’s commitment to excellence was evident in their work on our HR and Operations Manuals. Their attention to detail ensured alignment with our corporate policies, setting the foundation for improved efficiency across all our divisions. We were impressed with their thorough evaluation of our Environmental Services Division as well, which provided crucial insights for operational improvements."
AIMS Group L.L.C.
"TAG Management Consulting demonstrated exceptional professionalism in compiling our financial statements across various entities, ensuring timely delivery for external audits. Their deep understanding of both local and international portfolios made the process seamless and highly efficient. We highly recommend their services for financial management needs."
ACWA Power Group
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