At Presiding, as management consultants, we utilize the power of AI and Data Science to guide companies through each step of data-driven transformation while operating in a wide range of domains. With the help of Data Science and AI, we play the role of an enabler to guide companies in alleviating their business risks, reducing unnecessary costs, make better decisions, and achieve their business goals.
At Presiding, we take a deep dive into your business to identify the current challenges by doing extensive one-on-one meetings, gathering and recording the data, putting the data in the analytical tools to find the correct errors, and then we communicate the findings in a formal process to advise on corrective actions.
We use the power of AI and Data Science to mitigate your business risks and challenges. Every day, we translate AI technologies and AI research into new business assets. When our experts maximize the full power of data science, great things happen: previously unknown patterns become clear, new insights are discovered, better decisions are made, profitability increases, and risks become predictable.
The Saudi Labor Law entitles a workman to a severance award upon the expiration of the employment contract. Such award falls under the long-term employee-benefits category and is known as End of Service Benefit (ESB).
At Presiding, we provide actuarial services, including actuarial valuations of retirement/end-of-service benefit schemes in accordance with the International Accounting Standard 19 (“IAS 19”) and related work.
Under IFRS, End of Service Benefit (EOSB) liabilities have to be computed as per the guidelines of International Accounting Standards 19 (IAS 19). Employee Benefits require entities to use the Projected Unit Credit (PUC) method to determine the present value of its defined benefit obligations with the help of actuary advice. Actuarial valuations of employee benefits may not always be straightforward, in particular when the employee base is large or when the assumptions are changing. In addition, the valuation is performed on the employee level. Hence, the actuarial liability for each and every employee of the organization is readily available. Looking at employee wise liability or storing this data for future reference can have huge utility.
IAS 19 (International Accounting Standard No 19) a part of the IFRS framework that prescribes the accounting treatment of employee benefits. IAS 19 requires entities to perform actuarial valuation to determine the present value of its obligations in respect of End of Service benefit and other employee benefits. It also requires to recognize an expense in respect of employee benefit schemes. An important concept in IAS 19 is to recognize the cost of providing employee benefit in the period when it is earned by the employee, rather than when it is paid or becomes payable.
Our actuarial valuation consultants do not just provide an estimate of liability to be recorded in the financial statements, but extended disclosures in the form of an actuarial valuation report. In addition to this, our team will provide an understanding of the actuarial valuation so that you can understand the results, validate and challenge them.
For each company, finance is a core function that must be aligned to its business strategy and vision. CEOs and Managers need reliable financial analysis and insight to be able to make viable corporate decisions, while also meeting legal and regulatory requirements and achieving the desired profit margins.
PRESIDING assists its clients in advancing their finance departments and developing or enhancing their financial policies, procedures and operations by providing the following services:
PRESIDING offers a wide range of corporate financial advisory services. We employ our team’s extensive financial and business knowledge, technical expertise and market insight to serve leading companies in various sectors. Our solutions are customized and innovative. We are focused on meeting our clients’ financial goals while also focusing on assisting them to realize their strategic objectives within their business context.
PRESIDING offers its clients reliable internal audit services that help them improve the value and performance of their internal functions through solutions tailored to their unique needs.
Additionally, we help our clients achieve their goals by providing them with a systematic and disciplined approach drawn from the best experiences and international standards as well as analyses, assessments of data and business processes. This is all done in order to evaluate and improve their risk management, control processes and structure.
PRESIDING works meticulously to provide its clients with carefully planned and well-researched proposals that would carry them throughout the entire process of any project, no matter the scope; delivering detailed and accurate analyses that cater to our client’s needs and map the unknowns of their proposals.
PRESIDING does this by carefully laying out the intended objectives of the project, with one eye on our client’s goals, and another out to determine any obstacles or limitations that must be overcome through detailed analysis and thorough understanding, making sure to provide our client with reviews, analyses, and recommendations.
PRESIDING does this by first outlining the scope of the project, and carrying out primary and secondary Market Research in order to have a detailed understanding of the project, its market, and the existing competition. Then, the strategic options are assessed through careful consideration and analysis, weighing out the options and possibilities with regards to choosing the Target Operating Model (TOM) that best suits the project. In the end, PRESIDING delivers its clients its review of the project’s many facets, taking into account the business plan and future market dynamics, making sure to offer recommendations and projections of returns analyses.
One of the main services PRESIDING offers its clients is Organization Structure Design. Through its world-class expertise, PRESIDING helps its clients in the Middle East in building an Organization Structure that can increase efficiency and streamline workflow. Due to its extensive expertise, PRESIDING’s clients range anywhere in complexity from startup companies to large corporations.
PRESIDING understands the importance such an undertaking holds for a client, and that is why it is committed to providing them with the structure that best suits their company and their vision for it. We do this by presenting our client with a report detailing our findings and assessment of the status-quo structure. We then proceed to discuss our client’s vision and their future business plans, so as to better gauge their needs and what structure would best suit them. Afterwards, we present them with options for a functional and a positional design structure, discussing the job descriptions they will need in the future. In the end, the client is presented with a final plan for both the structure and the job descriptions they will need to fill it.
Because PRESIDING is committed to excellence in all facets of its operation, we also offer our clients consulting services in a number of their different business functions; helping them select a proper business policy and follow the correct procedures in order to optimize workflow. The services we offer are:
PRESIDING solutions’ team will design the Sales function and customize policies and procedures to help you achieve sales goals by optimally configuring your available resources
PRESIDING solutions will design Security Planning Policies that will help your business achieve its security needs allowing you to run day-to-day operations smoothly under secure conditions, thus ensuring that your business continues to produce positively.
In case of the unfortunate event of a disaster, we at PRESIDING solutions can guide our client in the policies and procedures they need to adopt until recovery is achieved
PRESIDING solutions’ team will design the IT department in accordance with your needs to enhance your information technology infrastructure and work in a more secure business environment
PRESIDING solutions’ team will design the customer’s Supply chain function and customize policies and procedures to ensure an efficient and effective operation following a “from supplier to manufacturer to wholesaler to retailer to consumer” process in the following main sub functions:
PRESIDING’s team can adjust Production, Research and Development, Maintenance and Quality (quality assurance and quality control) and set them on the right track, customizing the policies to ensure that they fit your company’s vision
PRESIDING solutions will structure the accounting department and tailor policies and procedures so that the department operates as needed, also ensuring your company’s control over finances in its future dealings.