An Operating Model to ensure
consistent returns to the shareholders

In an ever changing and competitive business environment ensuring consistent returns to the shareholders is not driven just by the revenue growth, an operating model that ensures cost reduction and process efficiencies, play a vital role. Our well-equipped team which have real-world experience of working in blue chip large companies can help the clients with “Neo” operating model: outsourcing and center of excellence services.

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It is about the right combination of people,
processes and systems

Our outsourcing and center of excellence services synthesize the optimal blend of people, process, and technology to help clients rewire their organizations with a new, more connected “Neo” operating model—one that brings about process efficiencies, cost reduction and subject matter expertise to drive successful business operations. Our outsourcing and center of excellence services fit our clients’ needs – from quickly scaling up small businesses and to improving efficiency in larger enterprises.

Our outsourcing and center of excellence services allow companies to focus on the core aspect of their business, delegating administrative and back-office functions through a “Neo” operating that we offer with an end to end technological support.

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Our services cover the following processes

General Accounting
  • Recording Transactions
  • Preparation of periodic closings
  • Analysis of accounts and sub-ledge reconciliations
  • Preparation of information requirements for External Audit
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Financial Reporting
  • Preparation of financial reports,
  • Preparation of Financial Statements in compliance with US GAAP, IFRS
  • Issue of Monthly Financial Statements and performance reports
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Banking and Treasury
  • Opening and closing bank accounts
  • Designing, drafting and implementing bank authority matrix
  • Payment processing
  • Preparation of bank reconciliation
  • Cash flow forecasting
  • Funding requirement analysis
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CRM, Billing and Accounts Receivables
  • Maintenance of client master records
  • Credit scoring and customer onboarding
  • Billing process
  • Collection Management
  • Analysis of accounts receivables
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CRM, Billing and Accounts Receivables
  • Defining supplier and inventory categories, coding and classification
  • Maintenance of supplier and inventories master records
  • Product and Supplier onboarding, classification and rating
  • Payment processing
  • Processing and upkeeping inventory ledge for movements
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Fixed Assets
  • Maintenance of fixed assets master recorded
  • Fixed assets documentation and accounting treatment in line with the IFRS
  • Calculation and recording of accumulated depreciation
  • Processing and upkeeping fixed assets register edge for movements
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Accounts Payable and Accrued expenses
  • Recording and control of accounts payable and accrued expenses
  • Receipt of invoices from suppliers
  • Verification of supplier invoices and authorization
  • Verification of supplier’s invoice compliance with fiscal/ tax regulations
  • Payment of employee expense reimbursements
  • Processing and recording of payments
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Taxation
  • Income tax withholdings
    • Calculation of income tax withholdings applicable to supplier invoices
    • Preparation of supplier withholding vouchers
    • Preparation and online processing of the file required by the Tax Administration for payment of income tax withholdings
    • Filing of payment vouchers with the Tax Administration
  • Value Added Tax
    • Preparation of purchase and sales books
    • Calculation of VAT withholdings applicable to supplier invoices
    • Preparation of VAT withholding vouchers
    • Preparation and online processing of the file required by the Tax Administration for payment of VAT withholdings
  • Filing of VAT payment and withholding vouchers
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Payroll processes
  • Payroll processing and payment
  • Preparation of instructions for payments to employees
  • Compliance with labor and related laws
  • Payment of employees withholdings and employer’s contribution
  • Processing for payroll related accounting records and accrual for employee liabilities
  • Calculation and control of employees leaves
  • Calculation of length of service and end of service benefits
  • Control of employees loans and advances including disbursement and deductions
  • Review and maintenance of employee records
  • Reporting and analysis on employee costs
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Other related services
  • Designing, Defining and Drafting policies and procedures
  • Permanent accounting advisory
  • Supervision of accounting activities
  • Calculation of deferred taxes
  • Preparing feasibility studies and business cases
  • Process review and audits
  • Developing business plan and drawing up budgets including capital expenditure and manpower budget
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munafa strives to help its clients achieve efficient and optimal operating model

Integrated services and solutions

NEO operating model that ensures seamless people, processes and systems integration

Full flexibility and choice

munafa outsourcing model is developed in a way that allows its clients full flexibility and choice in securing and employing resources that suit their businesses

Efficient pricing model

munafa believes that clients must only pay for what they receive. Accordingly, munafa offers efficient pricing model that be built on both fixed and variable rates basis. Clients can decided and choose based on their business requirement and circumstances.

Provide 24*7 support

Clients support through dedicated professionals, as governed by well-designed and drafted service level agreements with duly defined KPIs

Global reach with subject matter expertise

munafa caters to its clients’ needs with the required subject matter expertise through its extensive global reach given its presence in different prominent jurisdictions.

Tech Enablement

With the right tools and capability in place, munafa uses technology as an enabler to deliver efficiency

Let’s get started on your project

Our experts can help you achieve your business goals faster

Get in Touch Right Away

We believe communication is key

Our experience has taught us many things, one of which is the importance of communication. So our doors are always open to our clients.

Offering personalized solutions

We know that all businesses are not the same. We personalize the solutions we offer according to business and industry needs.

Have a question? Ask away!

If this is your first time getting a website developed, it probably seems overwhelming. We understand and would love to help!

Want to discuss your project with us?

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Give Us a Call
+1 (888) 877-1301
Send Us an Email
info@munafa.com