Finance Planning & Strategy

The solution in this category is suited to help business leaders to set the foundation of their journey in the process of transformation. Some examples of services include the following:

– A one-day focused workshops that help to gain an understanding long-term vision and strategy in light of finance function;

– A customized benchmarking study that assesses the condition of the organization to its peers in order to evaluate the performance of organization and identify capabilities that are different or similar to a peer group;

– Help with the establishment of the right finance operating model for organizations;

-To transform finance organizations into a lucrative value-adding business partner, a capability that has been obtained by Jafar &Company over a considerable period of time;

– Other numerous tools and methodologies that have been helpful to many businesses to translate their mission and vision into an actionable Transformation Roadmap.

Cost Management

Cost management services are designed to help finance leaders with the following processes:

– To determine costs that might be hidden and develop organizational structure that would increase efficiency and reduce costs at the same time adding value;

– To simplify the structure of organizations in order to effectively assign roles and responsibilities;

– To gain insights into the cost structure of the organization and attribute all costs to such elements as product, services or customers;

– To reconfigure the current costing system or implement a cutting-edge cost model in alignment with such theories as ABC;

– To assess the causes of the differences observed in customer profitability and hoe to enhance profitability of customer portfolios;

– To concentrate on the communication and execution of priorities of the organizations in line with the stated goals and objectives;

Financial Control

Financial control services assist finance leaders in different business areas to:

– Achieve a high level of integrity for their balance sheet and decrease the risk of misstatements;

– Optimization of the closing process through the evaluation of record to report process, via benchmarking in line with best-practices that integrate effectiveness and efficiency.

– The selection and implementation of the tools that are the most appropriate for the business (e.g. account reconciliation, disclosure management, consolidation, etc.) that support its entire business processes

– The assessment of the risk of misstatement via the creation of an effective system assurance, review and quality assurance processes.

– The provision of temporary support during the close and consolidation processes.

Financial and Business Planning

Our services are designed to help Finance Leaders in their efforts to:

– Gain a clearer view on cash flows and financial headroom through the preparation of short-term forecasts and liquidity planning templates;

– Integrate simulation and sensitivity analysis capabilities in financial plans by reviewing, improving and/or developing underlying financial models;

– Monitor business plan outcomes and actions by integrating financial plans with budget and management reporting through robust financial models.

Treasury Management

Our services are designed to help Finance and Treasury Managers in their efforts to:

– Management of fund-raising at the corporate level through funding and refinancing;

– Management of risk through derivatives and optimizing and monitoring of potential hedging;

– Optimization of treasury operations through the assessment of current operations against benchmarks in order to develop best customized solutions in the area including cash-pools, treasury policies, or cash flow forecasting models;

– Manage financial risk by developing and implementing risk measurement models and/or evaluating financial instruments;

Transactional Finance Process Support

Services in this area help finance leaders in the following ways:

– The designing and implementation of relevant processes and technology that optimize general ledger and sub-ledger transactions on a regular basis;

– The designing of processes for optimization of accounting transaction processing which encompass such areas as internal control, access and IT controls;

– The assessment of the current state of the finance processes and systems via the application of global benchmarks;

– The automation of transactional activities in order to increase the focus on value-adding activities.

Budgeting & Performance Management

Based on the track record of the organization, Jafar & Co support companies in the following manner:

– Conducting a detailed analysis of businesses in terms of current budgeting and reporting processes, capabilities and tools in comparison with benchmarks;

– Designing and implementation of a new budgeting & forecasting business model (process, people, technology, organization), progressing from the strategic to the operational level;

– Determining and prioritization of risks that are relevant to the organization and capture risks in a timely and complete way at the time supporting the development of an effective reporting strategy in alignment with leading practices;

– Designing and implementation of a budgeting and performance reporting tool that incorporates key performance indicators including balanced scorecard elements that are connected to strategic objectives of organizations.