Al Seer Group has a strong finance department guided by qualified/certified and experienced accountants. With a team of 46 personnel, comprising of trainees, junior accountants, accountants, assistant managers & managers; the department supports all the commercial functions in the organization.
Al Seer Group strictly adheres to the IAS 2000 and uses the state of the art ERP system of SAP R3. Working in an ERP environment facilitates quick result-oriented reports; useful for analysis, discussions, decision making and MIS reporting. The Al Seer Group banks with HSBC, Standard Chartered, National Bank of Dubai and Bank Muscat. SAP is integrated with the bankers program, whereby all payments are electronically approved with minimal time loss. The company caters to 80 major and 200 medium and small suppliers. An independent credit control department monitors 5500 plus customer base across UAE & Oman.
The company follows the calendar year as its fiscal year. The auditors of the company are Ernst & Young. The finalization of accounts is done every month and the results circulated on 1st of subsequent month. The year end audited financials are prepared within 15 days of the close of the financial year. There is no discontinuation of business at month and year ends.
“Timely payment to suppliers and speedy collections from customers” is the motto of the department, achieved with the highest level of efficiency and effectiveness.
