Deloitte has signed a memorandum of understanding with Dubai SME, an agency of the Department of Economic Development mandated to develop the small and medium enterprise sector, to offer a financial diagnostic assessment to all members of Dubai SME100.
Dubai SME launched Dubai SME100 to rank top-performing SMEs in Dubai and develop them into bigger and better sustainable enterprises that will eventually become large globally-oriented companies.
The complimentary financial diagnostic is expected to enable Dubai SME100 companies to implement an appropriate financial reporting process that will help them make informed decisions about future strategies.
“We believe that the SME 100 companies will find the knowledge and skills imparted by Deloitte extremely useful as they strive to move to the next level of growth and development,” said Dubai SME CEO Abdul Baset Al Janahi.
Deloitte and Dubai SME will organize a half-day financial diagnostic workshop. SMEs can then sign up for a one-on-one diagnostic advisory by Deloitte experts.
Deloitte will examine the companies’ financial information and reporting processes to identify potential areas for improvement and assess overall alignment with the value drivers of the business.