What Is FinAudit Solutions?
FinAudit Solutions is a boutique accounting and finance outsourcing firm with a focus on small and medium sized business partners. With over 65 collective years of experience, our team provides a one-stop accounting and finance solution at a reasonable cost. We work towards our business partners' success with a focus on high quality work and timely delivery, with a view towards building long-term trusted relationships. We strive to be the go-to accounting and finance solutions provider for our business partners.
FinAudit experts enable organizations to streamline and automate processes across the finance and accounting value chain. They can optimize cash flows, reduce reconciliation times and deliver better business insights for sustained exponential growth.
Why partner with FinAudit Solutions?
• Reduce costs by eliminating the need for in-house hiring, training, and infrastructure.
• Reduce the risk of errors, ensure compliance, and enhance overall efficiency in processes.
• Access our specialized professionals and benefit from their extensive knowledge and experience.
• Leverage the latest technology and tools without substantial internal investment.
• Unlock your most valuable human resources by allowing management to concentrate on core business activities and achieve faster profitable growth.
• Our approach provides an outsourced solution that feels like an in-house accounting team. Dedicated business partner with easy access over telephone and email.
Our Key Services
General Ledger Accounting Services
• Managing your Finance function so you can focus on core business development.Services will include:
> Bookkeeping.
> GL Account maintenance and periodic reconciliations.
> Customer Billing.
> Credit analysis and management.
> Requisition, purchase order and
> invoice processing.
Financial Reporting
• Developing an efficient month end closing process.
• Preparing your management and statutory financial statements.
Audit Support
• Assisting with period end audit process through preparation of the audit packages and assessment of audit readiness.
Risk Management Advisory
• Comprehensive assessment and gap analysis of your internal control environment.
• Documentation of policies and procedures across all departments.
• Developing risk control matrix for identifying potential risks and jointly developing mitigating solutions.
Management Accounting
•Providing financial planning and analysis.
•Assisting in cost control through budgeting and spend analytics
Our Approch
STEP 1
1. Initial holistic assessment based on discussions with the team
2. Customized proposal scoping the deliverables.
STEP 2
1. Review of as-is procedures
2. Review of current accounting organization
3. Assessment of existing accounting software.
4. Benchmark to best practices.
5. Provide a detailed action plan.
STEP 3
1. Execution of plan with continuous monitoring.
2. Scheduling of regular feedback meetings with the customer
Over 65 collective years of “best practices” experience
With over 65 collective years of experience in accounting and risk consulting, FinAudit Solutions partners have built successful careers as leading Finance and Audit professionals. They bring a wealth of international expertise, having worked with firms in the UK, US, and Middle East. FinAudit partners have previously held roles in Big 4 firms as well as a Fortune 100 pharmaceutical company in the US. One of our partners has played a vital role in the successful implementation of SAP in a large listed company. Since founding FinAudit, we have built our team with a strong, highly qualified group of supporting finance professionals, experienced accountants and trusted risk advisors.
Shariq Abdullah Partner
Shariq Abdullah is the founding and managing partner member of FinAudit Solutions.
With over 30 years of professional experience, including 15 years of C-suite, he has proven track record of success in Business Development, Finance, Risk Management, Ethics & Compliance and Internal Audit across a wide range of industries that have included large conglomerates and family-owned business.
Shariq’s current engagement includes Risk Consulting business development as Independent Senior Consultant for one of the Big 4 firms.
Shariq has served for 10 years as Group Chief Internal Auditor of a large conglomerate with interest in Fertilizer, Coal Mining, Power, LNG Terminal, Petrochemical, Telecom Tower and FMCG.His initiatives included the development of Risk Control Matrices framework, and the automation of the audit process through implementation of audit software and the adoption of a modern data analytic approach.
His experience includes business transformation as CEO of Insurance company for 5 years.
During the first 10 years of his career, Shariq completed his accounting training in the UK and worked in various finance positions in Enron Europe (UK). These included roles across the energy structuring/pricing desk, private equity group, power project development and capital pricing group.
Professional qualifications:
• Member of Institute of Chartered Accountant in England and Wales (ICAEW).
• MBA (Imperial College London).
• BSc Econ (London School of Economics & Political Science).