Home Page - Financial Touches Company

Financial Touches Company

Financial solutions with a professional touch

Who We Are

We are a leading provider of management and financial consulting services, with an elite team of authorized financial consultants, trainers, arbitrators, local and resident experts, marketers, and human resource consultants in Saudi Arabia. We offer accurate analytical and strategic solutions that support decision makers in changing business environments. We aim to empower our clients to achieve financial stability and sustainable growth, in line with Vision 2030 and the concepts of transparency and governance.

Our team comprises elite professional experts with global experience who have received high client ratings and earned satisfaction and acceptance.

Consultant / Atef bin Sadran & Consultant / Ezzedine Abu Radwan

Our Vision

To be the trusted reference for financial and administrative consultations related to the other needs of companies and institutions aspiring for growth and to achieve financial and administrative efficiency and sustainability.

Our Mission

To provide integrated financial and administrative consultations that support investment and business, built on scientific and realistic foundations. This is achieved through in depth analysis and strategic planning that helps clients effectively manage their financial resources, achieve their short term and long term targets, highlight the steps to start projects, and share in success together.

Our Values

Accuracy – Transparency – Confidentiality – Strategy – Efficiency – Sustainability – Utilization of modern technology and keeping pace with development and modernization.

Skills

Market analysis and forecasting

Communication and negotiation skills

Exploring new avenues for profit generation

Analytical and logical skills

Time management skills

Our Targets

Empowering clients to make informed financial and administrative decisions based on accurate analysis

Designing specialized financial and administrative solutions for each client according to their business nature and needs

Supporting institutions in preparing financial plans and estimated budgets

Providing financial valuation and risk management services

Contributing to improving governance and financial transparency within institutions

Supporting financial sustainability and helping companies achieve balanced growth

Reaching the largest possible segment of target clients and actively promoting targeted products to maximize reach

Developing management and leadership skills

Developing idea generation and innovation

Our Services

1

First: Financial Analysis, Planning, and Financial Control for the Private and Public Sectors:

Preparing economic feasibility studies (technical, financial, marketing, and ensuring proper establishment of regulatory and governmental documents) for new and existing projects, assessing the feasibility of opening new branches and production lines. (This includes careful sensitivity analysis and measuring the responsiveness of the proposed project or the expansion of existing projects by studying variables, both positive and negative, which helps in incorporating new data into the feasibility study to avoid any deviations from the original study).
Preparing and analyzing estimated budgets and monitoring deviations and financial indicators. (Profitability analysis – Operational efficiency – Department costs – Production lines – Performance comparison between branches).
Evaluating financial performance and analyzing financial statements.
Qualifying companies to operate through estimated budgets and conducting comparisons and deviation measurements. (By studying the nature of the activity and what is appropriate for estimated budgets, conducting training courses for employees and managers on the importance and methods of preparing budgets, and how to benefit from them, each according to their role, with supervision of the various implementation stages for setting estimated budgets – short term operational and strategic plans “less than one year” and long term plans “one to five years”).
Assessing the adequacy of the actual return on owners’ equity and the decision to continue or discontinue the activity.
Identifying gaps and recommending risk mitigation measures.
Supervising financial flows and utilized financial instruments.
Establishing and developing successful projects.
Risk management and continuous professional development.
Monitoring and analyzing financial and economic matters occurring in the labor market (inflation).
Providing clients with a proactive vision of changes affecting their savings and investments based on decisions they intend to make.
Cost accounting for private and public sector projects, which involves monitoring and confining costs from the project’s inception, preventing standard deviations in costs to ensure they align with the planned financial budget, and monitoring financial leakages, whether due to good faith, poor management and understanding, failure to follow financial procedures, or, Allah forbid, other reasons.

2

Second: Accounting, Valuation, Record Management, and Accounting Training:

Developing and implementing advanced accounting systems. (Internal audit systems, cost control systems, inventory control and disbursement systems, through estimated and actual budgets).
Providing bookkeeping services, auditing accounts, and inventory processes. (Private inventory process and special audit for a branch or department of the company, studying the position of client debtors or supplier creditors with the company – managing debtor and creditor files and preparing financial statements for income and cash flows).
Preparing financial statements in accordance with approved accounting standards.
Designing integrated and effective accounting courses.
Nominating accounting specialists and internal auditors to perform assigned tasks in establishments and supervise them.
Real estate valuation and valuation of companies and institutions (economic entities) to determine the current value of the company or a specific activity within the company, and valuation of machinery and equipment, vehicle damage valuation, and precious metals and gemstones valuation.
Supervising financial and accounting organization. (By studying the company’s activity and accounting system, its suitability for the activity and the company, proposing what is appropriate, and preparing and approving the final accounts).
Specialized training programs for accountants, administrators, and leaders.

3

Third: Zakat “charity” and Tax:

Providing services and consultations in Zakat and tax fields. (Total overdue tax declarations and total unpaid previous tax declarations – Registration for Zakat, income tax, value added tax, and real estate transaction tax – Dealing with oil, gas, and hydrocarbon tax, selective value tax, and withholding tax – Submitting installment plan requests for Zakat and all types of taxes – Issuing Zakat and tax certificates – Updating unique number data – Notifying the client annually of Zakat and tax declaration submission dates – Submitting withholding forms – Reviewing invoice and business transaction compliance – Preparing and submitting a request for exemption from Zakat collection annually and verifying the request meets regulatory requirements).
Preparing and submitting actual and estimated Zakat and tax declarations.
Studying tax compliance cases and providing appropriate solutions. (Studying the current situation and evaluating the Zakat and tax position for the current and previous years, identifying existing risks and developing a strategy to deal with them, local and future Zakat and tax planning to determine a fair Zakat and tax position, providing the client with all developments that may affect their Zakat and tax position with the Authority, advising the client on the most appropriate means to settle tax obligations in accordance with the Zakat and tax regulations in force in Saudi Arabia – and notifying the client’s financial management officials and communicating with them regarding report preparation requirements, submitting Zakat and tax declarations, and supporting in preparing and submitting responses to Zakat, Tax and Customs Authority inquiries and providing required information).
Following up with tax and Zakat authorities until cases are closed. (Preparing grievances for submission to the Review Committee – Preparing and submitting objections or appeals and other documents that may be requested by the General Secretariat of the Zakat and Tax Committees – Submitting objections to Zakat, Tax and Customs Authority decisions and reviewing accounts and issuing financial statements after Zakat and tax adjustments and providing an opinion). (General Secretariat of Zakat, Tax, and Customs Committees – Zakat, Tax and Customs Authority).
Studying and analyzing Zakat and tax problems to reach the best possible position.
Nominating a tax and Zakat specialist to perform assigned tasks in establishments and supervise them.

4

Fourth: Financial and Administrative Restructuring:

Restructuring establishments financially and administratively to achieve efficiency and sustainability. (Conducting a study of various activities from several economic, legal, financial, and administrative aspects, studying the book value of assets versus their market value, studying the future market for the company’s activities and researching its ability to compete, expand, and redistribute existing activities, administrative structures, and various assets after revaluation to newly established companies or transferring existing entities to them, which achieves the lowest costs for the best combination of activities and prevents duplication and repetition of functions, and achieves optimal utilization of all available resources, showing the actual size of the company to external parties and the possibility of monitoring activities and measuring their results in a sophisticated manner, the possibility of developing plans and strategies for distinctive performance and quality improvement – preparing the organizational structure for management and branches and distributing and documenting powers).
Analyzing the causes of financial imbalance, developing reform plans, and managing risks based on a risk management plan for operational activities and a financial risk map and recommendations for addressing them.
Reducing financial waste and improving cash flows, addressing cases of default or weak financial performance, and addressing standard deviations.
Rehabilitating and restructuring administrative, financial, and operational processes for establishments (private sector), companies, institutions, and semi governmental sector (agencies and organizations).
Establishing and developing internal systems and regulations. (Administrative structure and functional structure of the company, job description and definition of responsibilities and duties for each job, graduated financial powers and a sales and credit system, designing and implementing training programs according to specific objectives set with clients – approving the establishment’s regulatory bylaw).

5

Fifth: Accounting, banking, and commercial arbitration at the local (internal), regional (Gulf and Eastern countries), and international (external), mediation and reconciliation:

Analyzing banking, commercial, and accounting disputes and providing necessary financial support.
Preparing neutral financial expert reports when needed.
Providing advice in cases of default or negotiation with financial entities.
Legal risk mapping and recommendations for their treatment.

6

Sixth: Investment, Business, and Economic Business Environment Support (Staying Up to Date with Government Platform Updates):

Providing innovative financial solutions for startups and existing companies.
Business sector and corporate services (Foreign investment and company establishment). (Studying the entry of foreign investment into the Saudi market, obtaining foreign investment and mixed Saudi, Golf, and foreign investment licenses and following up on their establishment, finalizing all necessary licenses according to the company’s activity and setting internal (local) and international (external) memoranda of understanding under the umbrella of consulting professions, researching business alliances with international companies, benefiting from government support programs for the establishment and employees, and reporting on waste in government violations – harmonizing company articles of association and establishing sole proprietorships and issuing, renewing, amending their commercial registers and converting from an establishment to a company, reserving commercial names, canceling and striking off registers, issuing commercial register extracts, issuing discount licenses and self assessment of corporate governance level, Ministry of Commerce services, and trademark reservation certificate).
Selling, purchasing, and promoting on behalf of establishments (companies and institutions).
Studying the client’s financial position in legal disputes, providing advice and necessary support to resolve the dispute and what is recommended.
Full understanding of financial transaction methods for financing products such as investment funds, insurance transactions, bank certificates, accounts, deposits, and full knowledge of the correct way to manage and use them.
Qiwa Platform, Passports, and Labor Office Services: (Registration on Qiwa platform – Work permits – Profession management – Issuing Saudization certificate – Documenting employee contracts – Work regulation bylaw – Issuing all types of visas, work and commercial, etc. – Self-assessment – Professional examination service – Transferring services between establishments and from one establishment to another – Renewing Qiwa platform subscription – End of service gratuity calculator – Booking an appointment to visit the labor office – Issuing monthly reports – Issuing establishment compliance rate – Establishment violations – Nitaqat calculatorand recruitment balance – Issuing and extending work permits – Subscribing to Muqeem platform – Changing and correcting employee professions – Issuing, renewing, and printing Iqamas – Issuing and extending exit and re entry and final exit visas – Correcting establishment scope).
Mudad Platform Services: (Wage Protection subscription – Registration on Mudad platform – Monthly payment and submission of employee salaries – Issuing Wage Protection certificate – Issuing localization certificate – Subscribing to Mudad platform and linking the bank account to the establishment – Following up on wage protection and system compliance and justifying violations – Updating employee data – Removing wage protection notes – Renewing platform subscription – Current compliance rate in wage protection – Proposed minimum to reach the regulatory rate in current month salaries).
Social Insurance Services and Medical Insurance Services: (Completing establishment data – Adding branch account manager – Modifying establishment data – Registering and excluding employees from social insurance – Issuing social insurance certificate – Registering work injuries – Completing employee data – Submitting exemption for debt payment – Updating employee wages – Linking establishment to Ministry of Commerce – Separating linked establishment – Issuing social insurance certificate – Managing establishment supervisors – Managing establishment owners – Requesting debt installments) – Sending comparison of quotes between insurance companies and sending service provider network for the insurance policy and canceling and adding employees from the policy, sending insurance coverage percentage, medical insurance support, and vehicle insurance support – Submitting reports from government platforms – Medical insurance for employees. (Type of employment contract – Remaining period until the end of the probation period – Implementing a proposal to extend the probation period if the employer hesitates to continue the employee’s contract, the value resulting from arbitrary dismissal – The remaining period to notify the employee of contract termination or automatic renewal if not notified – Total employee dues and social insurance balance).
Support for Saudi Employees (Hadaf) and Civil Defense Safety Services and Balady Services: Registration in the following (Taqat platform for localization support – Tmher support program – Employment support program – Localization support program – and issuing, renewing, and updating safety licenses). (Issuing, renewing, canceling, and amending commercial licenses and transferring them, printing QR code, renewing health certificates, objecting to violations, issuing activity permits, and issuing Wathiq certificate).
Employee and Human Resources Services: (Organizing, managing, and archiving employee files – Monthly employee payrolls – Managing the establishment’s approval chain – Internal circulars and letters – Annual employee travel tickets – Secondment tickets – Drafting, amending, and documenting employee contracts – Managing employee requests for leaves, secondments, and overtime – Preparing work regulation bylaws – Organizing Saudization files, dealing with Mudad, Qiwa, and Social Insurance platforms – Preparing contracts consistent with the labor law and employee specializations – Monitoring the expiration of employee documents – Preparing human resources policies and procedures – Preparing the organizational structure – Preparing administrative forms for the establishment – Completing employee data – Assigning employee locations – Preparing job descriptions).

7

Seventh: Study and Valuation of Funding and Loans and Obtaining Necessary Licenses for Activities under the Insurance Authority and the Saudi Central Bank (SAMA):

Supporting and studying financing decisions with their alignment to investment decisions and evaluating investment opportunities.
Financing studies for new projects and expansions for existing companies to achieve the best financing mix and types of financing, then estimating and submitting loan applications to local (domestic) banks, foreign (international) banks, financing entities licensed by the Saudi Central Bank, banks, governmental and semi governmental funds as recommended in the study, financing needs, and available entities to enable the client to obtain the loan.
Studying, evaluating, and submitting applications to obtain necessary licenses for investors wishing to invest in banking, financing, payment, and credit information activities according to the type and classification of the activity.
Studying, evaluating, and submitting applications to obtain necessary licenses from the Insurance Authority and investors wishing to invest in the following activities: (Insurance and auxiliary insurance services – Reinsurance, insurance agency, electronic insurance brokerage, insurance consulting, insurance claims settlement, surveying, loss adjustment, actuarial services, and unclassified activities related to insurance activities after evaluating the expected added value from business models and their contribution to achieving national targets and considering their consistency with insurance regulations and systems).
Studying and evaluating loans in case of activity expansion or new activity for funds in development banks supervised by the National Development Fund, which are (Agricultural Development Fund – Social Development Bank – Saudi Industrial Development Fund – Real Estate Development Fund – Saudi Fund for Development – Human Resources Development Fund – Cultural Development Fund – Investment Events Fund – Saudi Export-Import Bank – Tourism Development Fund – Small and Medium Enterprises Bank – Infrastructure Fund – Real Estate Development Fund for Housing).

8

Eighth: Diverse Financial, Administrative, Banking, and Insurance Services and Consultations:

Providing financial consultations that support decision making.
Providing banking and financing consultations with specialized entities (Saudi Central Bank SAMA – Banking and Financing Disputes Resolution Committees).
Studying, evaluating, and following up on integrated administrative office services activities.
Consulting, administrative services, and support services.
Evaluating consulting services, financial and administrative consultations for investors and entrepreneurs.

9

Ninth: Governance, Performance Evaluation, Growth Services, Expansion, and Offering:

Developing complete governance policies.
Institutional performance evaluation. (Quarterly reports for executive management – Analysis of administrative deviations and recommendations for improvements – KPIs for financial and administrative performance of activities).
Qualifying the company for offering on the Parallel Market (Numo). (Legal and financial restructuring and building a governance model and long term financial stability).
Qualification for CBAHI or JCI accreditation and preparing necessary policies and documents for official accreditation.

10

Tenth: Digital and Institutional Transformation Services:

Supporting electronic transformation. (Preparing a plan and transforming the company’s systems into a comprehensive digital environment and providing consultations on linking with platforms supervising company licenses).
Designing a unified central monitoring system. (Real time dashboard for establishment performance and financial, operational, and technical linkage between branches and management).

11

Eleventh: It is worth mentioning that we have strategic expert partners for legal advocacy and legal consulting who provide the following services and consultations:

Advocacy and Judicial Representation. (Advocacy before all commercial, general, administrative, labor, and criminal courts – Medical error cases and financial claims – Employee cases, contract termination, penalties, rights – Representing the company before dispute resolution committees of all types according to the case type).
Periodic Legal Consultations. (Permanent legal support for senior management – Reviewing contracts, policies, and decisions – Consultations on labor law and anti concealment law – Wage protection law of all types according to the targeted client’s activity).
Drafting and Reviewing Contracts. (Employee contracts – Supply, maintenance, and contracting contracts of all types – Health insurance and collection contracts – Employment – Commercial partnerships and any other contracts).
Documentation and Real Estate Registration Services. (Documenting contracts, declarations, waivers, and gifts – Registering real estate ownership for fixed assets and other assets in the real estate system – Documenting lease and sale contracts and real estate segregation).
Trademark and Identity Protection. (Registering trademarks “name, logo, application” – Advocating in cases of infringement, counterfeiting, or unfair competition).
Resolving Disputes with Insurance Companies. (Filing claims for compensation for rejection or delay of coverage – Preparing legal regulations and following up on disputes before competent authorities).
Internal Legal Investigations. (Conducting investigations in cases of negligence, leakage, or forgery – Preparing official internal legal fact finding reports).
Preparing Legal Regulations. (Privacy policy according to the activity of the contracted client’s establishment – Policy for dealing with complaints and reporting violations – Policy for dealing with regulatory and inspection bodies).
Advocacy in Client Specific Cases based on Client Activity. (Inspection violations and practices for competent authorities – Disputes with suppliers or regulatory authorities – Cases of misuse or damage of targeted products for targeted clients).
Systematic Protection for the Board of Directors. (Drafting the Board Charter and official meeting minutes – Reviewing senior management decisions and protecting them from legal liability).
Controlling Contracts and Purchases. (Standardizing templates for all suppliers – Periodic management of contracts, obligations, and renewal dates).

Mechanism (Methods of Contracting with Targeted Clients)

Annual contract for financial consulting and professional services.

Executive and financial reports for management.

Monthly field visits and periodic evaluations.

Immediate response to financial, accounting, and regulatory emergencies.

(And what applies to the mechanism of contracting with targeted financial and administrative clients also applies to our strategic partners).

Why Us?

Integrated reciprocal relationship support through advocacy, litigation, legal representation, legal consultations, inheritances, endowments, documentation services, real estate activity services, bankruptcy, liquidations, and foreign investment through the commercial attache of more than one country.

Deep expertise in the financial and consulting field.
A team of licensed specialists locally and internationally.
Professional leadership from authorized trainers and arbitrators to practice these activities.
Commitment to the highest standards of quality and confidentiality.
Profound understanding of the business environment in the Kingdom and the region.
Flexible and customized solutions to suit each client's needs.

Conclusion

Measurement, synchronization, and speed of execution are our distinguishing features. This has yielded clear and tangible results through several financially and administratively managed projects, where our guidance, based on local and international financial and accounting standards, was instrumental in developing working capital and invested capital.

Address

Kingdom of Saudi Arabia