Our Services
The ultimate goal for any organization is to create value for shareholders and for achieving such goal, a robust enterprise governance is of vital importance!
We believe in taking a top down risk based approach to design and implement optimum business controls.
Service Offerings
We provide Internal Control services for operations, reporting and compliance domains and cover the following areas:
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Scoping
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Risk assessment
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Process documentation
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Risk Control Matrixes
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Control Weaknesses identification
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Process improvement recommendation
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Internal Control testing
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Trainings on Internal Control
Expected results from our services
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Regulatory compliance
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Reliable financial reporting for enhanced decision making and credibility
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Cost and time saving due to process efficiencies
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Engaged employees due to streamlined processes
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Investor confidence
Industries served
We provide customized ERM solutions for a wide range of industries, including:
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Manufacturing
We enhance production controls to improve quality, reduce waste, and ensure regulatory compliance. Our tailored solutions help manage inventory, streamline processes, and ensure product integrity, while also providing accurate financial reporting and compliance with industry standards.
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Technology
Our services focus on implementing controls to manage development processes, protect intellectual property, and ensure data security. We strengthen IT controls to safeguard data, protect against cyber threats, and comply with industry standards, ensuring accurate financial reporting and operational transparency.
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Healthcare
We establish controls to protect patient data, manage billing processes, and ensure regulatory compliance. Our solutions ensure compliance with industry standards, enhance operational efficiency, and protect intellectual property, while also ensuring precise financial reporting for healthcare providers and insurers.
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Retail and Consumer Goods
We implement controls to secure online transactions, protect customer data, and ensure accurate inventory management. Our services enhance point-of-sale systems, streamline inventory management, and ensure compliance with food safety regulations, while providing accurate financial reporting for e-commerce platforms and retailers.
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Energy and Utilities
We enhance operational controls to ensure safety, compliance with environmental regulations, and accurate financial reporting. Our solutions optimize project development, ensure regulatory compliance, and safeguard assets, providing robust financial controls for oil and gas, renewable energy, utility companies, and mining firms.
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Real Estate and Construction List Item
We implement controls to manage project costs, ensure regulatory compliance, and safeguard investments. Our services enhance project management, financial reporting, and property maintenance, ensuring accurate financial controls for real estate developers, property managers, and construction firms.
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Transportation and Logistics
We implement controls to manage operations, ensure safety compliance, and optimize financial performance. Our solutions enhance logistics processes, inventory management, and regulatory compliance, ensuring precise financial reporting for airlines, shipping and freight companies, public transportation, and warehousing firms.
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Nonprofit and Education
We implement controls to manage donations, ensure financial transparency, and comply with regulatory requirements. Our services enhance grant management, financial reporting, and compliance with educational regulations, ensuring accurate financial reporting for charitable organizations, foundations, and educational institutions.
Explore Internal Control Services
Providing Expert IFRS Accounting Opinions for the World’s Largest Solar Site
Client Overview: Our client is the developer and operator of the world’s largest solar site, located in Abu Dhabi. As a pioneer in the renewable
Rapid Governance Transformation for a Saudi Telecom Service Provider’s Successful IPO
Client Overview: Our client is the developer and operator of the world’s largest solar site, located in Abu Dhabi. This groundbreaking project aims to provide
Enhancing Operational Excellence at the World’s Largest Solar Site in Abu Dhabi
Client Overview: Our client is the developer and operator of the world’s largest solar site, located in Abu Dhabi. This groundbreaking project aims to provide
UK Code’s Corporate Governance shift: three key themes
If you want to gauge a society on some index of “trust” and “cooperation” do not go any further and look at the success of
NADRA opts for Abilite, Pakistan’s leading Internal Audit software!
Enhancing transparency and accountability, abilite is a solution of choice for organizations of different sizes. NADRA is all set to become one of them. On
Trellis Housing Finance Limited implements Abilite to strengthen their Internal Audit Function
It is natural to assume that startups solving various business problems through automation are more likely to adopt Technology for bringing improvisation within their own
At Hyphen we believe that Risk can be transformed into a business enabler when managed effectively! A methodological approach towards taking the right risks and mitigating the rest is a recipe to sustainable business performance
Service Offerings
We work with the organizations to:
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Design and implement the risk management framework
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Advise on creating a conducive culture for risk management
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Provide appropriate tools
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Train people for better decision-making
Expected results from our services
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Enhanced operational performance
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Intelligent investment decisions
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Agility to seize opportunities
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Brand and asset protection
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Decisions that create sustainable value
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Engaged employees
Industries served
We provide customized ERM solutions for a wide range of industries, including:
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Healthcare
Managing clinical and operational risks for patient safety and regulatory compliance.
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Manufacturing
Mitigating risks in supply chain, production processes, and quality control.
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Retail
Managing risks in inventory management, customer service, and supply chain logistics.
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Technology
Addressing risks in data security, IT infrastructure, and software development.
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Energy
Managing risks related to environmental impact, regulatory compliance, and operational safety.
Explore Risk Management Services
UK Code’s Corporate Governance shift: three key themes
If you want to gauge a society on some index of “trust” and “cooperation” do not go any further and look at the success of
Trellis Housing Finance Limited implements Abilite to strengthen their Internal Audit Function
It is natural to assume that startups solving various business problems through automation are more likely to adopt Technology for bringing improvisation within their own
Without a sound business process in place, the brightest of brains and the best of technologies can come to halt!
This is how we help
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Developing Sound Business Processes
Ensuring that effective processes are in place to sustain business performance.
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Balancing Performance with Risk Management:
Emphasizing that improvements in business performance should not compromise sound risk management principles.
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Key Performance Indicators (KPIs)List Item
Focusing on critical areas such as customer service, employee engagement, and resource utilization, which are integral to long-term sustainability.
Explore Sustaiablity Services
Establishing a Robust Internal Audit Function for a Leading Saudi Arabian Conglomerate
Client Overview: Our client is a large, family-owned conglomerate in Saudi Arabia, with diverse business interests spanning various industries including manufacturing, retail, and real estate.
UK Code’s Corporate Governance shift: three key themes
If you want to gauge a society on some index of “trust” and “cooperation” do not go any further and look at the success of
Trellis Housing Finance Limited implements Abilite to strengthen their Internal Audit Function
It is natural to assume that startups solving various business problems through automation are more likely to adopt Technology for bringing improvisation within their own
Ensure resilience and continuity with our Business Continuity Services, designed to help organizations prepare for and recover from disruptive events.
Services Offered:
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Risk Assessment and Business Impact Analysis
Identify potential threats and assess their impact on critical business functions through detailed risk assessments and business impact analyses.
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Business Continuity Planning (BCP)
Develop customized Business Continuity Plans tailored to your organization's specific needs, outlining strategies and protocols for maintaining operations during crises.
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Crisis Management
Establish crisis management frameworks and protocols to ensure swift and effective responses to emergencies, minimizing disruption and safeguarding reputation.
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IT Disaster Recovery
Design and implement IT Disaster Recovery Plans (DRP) to restore IT systems and data quickly following a disruptive event, ensuring minimal data loss and downtime.
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Training and Exercises
Conduct training sessions and simulation exercises to prepare employees and stakeholders for crisis scenarios, enhancing response readiness and effectiveness.
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Supplier and Vendor Risk Management
Evaluate and mitigate risks associated with key suppliers and vendors to prevent supply chain disruptions and ensure continuity of critical goods and services.
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Remote Work and Telecommuting Strategies
Develop strategies and policies to support remote work and telecommuting arrangements, ensuring operational continuity during remote work scenarios.
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Business Resilience Consulting
Provide ongoing guidance and support to build organizational resilience, adapt to changing threats, and continuously improve business continuity strategies.
Industries served
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Manufacturing
Supporting manufacturing industries in implementing contingency plans, supply chain resilience strategies, and risk management frameworks to minimize production downtime and maintain productivity.
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Technology
Advising technology firms on IT disaster recovery planning, cybersecurity resilience, and continuity strategies to protect critical data and maintain operational integrity in the face of cyber threats and system failures.
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Healthcare
Helping healthcare providers develop emergency response plans, patient care continuity strategies, and pandemic preparedness measures to ensure uninterrupted healthcare services and patient safety.
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Retail and Consumer Goods
Supporting retail and consumer goods companies in developing crisis management protocols, supply chain resilience strategies, and customer service continuity plans to mitigate disruptions and maintain consumer trust.
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Energy and Utilities
Assisting energy and utility companies in developing business continuity plans for infrastructure resilience, emergency response readiness, and continuity of essential services during natural disasters and operational disruptions.
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Real Estate and Construction
Advising real estate developers and construction firms on disaster preparedness, business continuity planning for project timelines, and risk mitigation strategies to ensure project continuity and stakeholder confidence.
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Transportation and Logistics
Supporting transportation and logistics companies with logistics contingency planning, supply chain resilience strategies, and crisis response protocols to minimize disruptions and ensure timely delivery of goods and services.
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Government and Public Sector
Collaborating with government agencies and public sector organizations to develop continuity plans for essential services, emergency management frameworks, and disaster recovery strategies to protect public safety and maintain governance functions.
Explore Business Continuity Services
GOFATOORAH IS NOW THE ZATCA QUALIFIED E INVOICE SOLUTION
As the E-Invoice generation deadline of Dec 4th,2021 is approaching fast we are pleased to share that Zakat,Tax and Customs Authority (ZATCA) has named Hyphen
GoFatoorah Selected By A Market Leader In KSA
Kingdom of Saudi Arabia on numerous fronts including economy and public financial management has been going through various transformational changes since last few years. Conversion
Our Internal Audit Services are designed to help organizations enhance their operational efficiency, manage risks, and ensure compliance with regulatory requirements.
Service Offerings
We work with the organizations to:
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Risk Assessment and Management
We conduct thorough risk assessments to identify and evaluate potential risks that could impact your organization. Our team develops and implements risk management strategies to mitigate these risks, ensuring your business remains resilient and prepared for any challenges.
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Compliance Audits
Our compliance audits ensure that your organization adheres to all relevant laws, regulations, and industry standards. We provide detailed assessments and recommendations to help you maintain compliance and avoid potential legal and financial penalties.
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Operational Audits
We analyze your operational processes to identify inefficiencies and areas for improvement. Our operational audits provide actionable insights to enhance productivity, streamline workflows, and optimize resource allocation.
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Financial Audits
Our financial audits ensure the accuracy and reliability of your financial statements. We verify the integrity of your financial reporting, identify any discrepancies, and provide recommendations to strengthen your financial controls.
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IT Audits
We assess your IT systems and processes to ensure they are secure, efficient, and aligned with your business objectives. Our IT audits identify vulnerabilities, recommend improvements, and help you protect your critical data and IT infrastructure.
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Internal Control Evaluations
We evaluate the effectiveness of your internal control systems to ensure they are robust and aligned with best practices. Our evaluations help you enhance control mechanisms, reduce the risk of fraud, and improve overall governance.
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Performance Audits
Our performance audits assess the efficiency and effectiveness of your programs and initiatives. We provide insights into how well your organization is achieving its goals and offer recommendations to enhance performance and achieve better outcomes.
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Special Investigations
We conduct special investigations to address specific concerns such as fraud, misconduct, or compliance violations. Our team provides thorough and unbiased investigations, helping you resolve issues promptly and maintain organizational integrity.
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Continuous Auditing and Monitoring
We implement continuous auditing and monitoring solutions to provide real-time insights into your business processes. This proactive approach helps you detect and address issues early, ensuring continuous improvement and risk management.
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Advisory Services
Beyond traditional audit services, we offer advisory services to help you implement best practices, improve governance, and achieve your strategic objectives. Our team provides expert guidance tailored to your unique needs and challenges.
Expected results from our services
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Resilience
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Better customer retention
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Cost reduction
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Enhanced employee engagement
Industries served
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Manufacturing
Our internal audit services help manufacturers enhance production efficiency, manage risks, and comply with industry regulations. We support automotive, consumer goods, electronics, and pharmaceutical manufacturers in maintaining high standards of quality and operational effectiveness.
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Technology
We offer specialized internal audit services to technology companies, focusing on IT security, data protection, and regulatory compliance. Our audits help software developers, IT service providers, telecommunications companies, and e-commerce platforms safeguard their operations and enhance performance.
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Healthcare
Our internal audit services for healthcare organizations ensure compliance with industry standards, protect patient data, and optimize operational efficiency. We support hospitals, medical device manufacturers, pharmaceutical companies, and health insurance providers in achieving their goals.
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Retail and Consumer Goods
We provide internal audit services to retailers and consumer goods companies, helping them secure transactions, manage inventory, and ensure compliance with safety regulations. Our expertise covers e-commerce platforms, brick-and-mortar retailers, food and beverage companies, and fashion brands.
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Energy and Utilities
Our internal audit services for energy and utility companies focus on operational efficiency, regulatory compliance, and financial accuracy. We assist oil and gas companies, renewable energy providers, utility companies, and mining firms in managing risks and optimizing resources.
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Real Estate and Construction
We offer internal audit services to real estate and construction firms, ensuring project cost management, regulatory compliance, and financial integrity. Our audits support real estate developers, property managers, construction companies, and engineering firms in maintaining high standards.
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Transportation and Logistics
Our internal audit services for transportation and logistics companies enhance operational efficiency, safety compliance, and financial reporting. We support airlines, shipping and freight companies, public transportation providers, and warehousing firms in achieving their business objectives.
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Nonprofit and Education
We provide internal audit services to nonprofit organizations and educational institutions, ensuring financial transparency, regulatory compliance, and operational effectiveness. Our expertise covers charitable organizations, foundations, schools, and universities.
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Government and Public Sector
Our internal audit services for government agencies and public sector organizations focus on managing public funds, ensuring regulatory compliance, and enhancing operational efficiency. We support federal, state, and local government agencies, public administration, regulatory bodies, and municipal services
Explore Internal Audit Services
Establishing a Robust Internal Audit Function for a Leading Saudi Arabian Conglomerate
Client Overview: Our client is a large, family-owned conglomerate in Saudi Arabia, with diverse business interests spanning various industries including manufacturing, retail, and real estate.
Effective corporate governance is essential for ensuring that an organization operates with integrity, transparency, and accountability.
Board Structure and Effectiveness
Assessing and recommending the optimal mix of skills, experience, and diversity for your board.
Defining clear roles and responsibilities for board members to ensure effective governance.
Conducting regular evaluations of board performance and effectiveness, and providing actionable recommendations for improvement.
Policies and Procedures
Developing and updating key governance policies, including codes of conduct, conflict of interest policies, and whistleblower policies.
Creating and maintaining comprehensive documentation of governance procedures to ensure consistency and transparency.
Assisting in the implementation and enforcement of governance policies throughout the organization.
Ethics and Compliance
Designing and implementing ethics programs to promote ethical behavior and decision-making within the organization.
Establishing robust compliance frameworks to ensure adherence to laws, regulations, and industry standards.
Providing training and awareness programs for employees and board members on ethical practices and compliance requirements.
Stakeholder Engagement
dentifying and mapping key stakeholders to understand their interests and influence.
Developing and implementing strategies for effective stakeholder engagement and communication.
Establishing mechanisms for obtaining and addressing stakeholder feedback to improve governance practices.
Leadership Development and Succession Planning
Providing training and development programs for current and future leaders to enhance governance capabilities.
Developing and implementing succession plans to ensure continuity and stability in leadership roles.
Assisting in the identification and development of high-potential talent for key governance positions.
Governance Risk and Controls
Establishing a strong control environment to support effective governance and mitigate risks.
Ensuring appropriate segregation of duties to prevent conflicts of interest and enhance internal controls.
Conducting periodic reviews of governance structures and practices to identify and address potential risks.
Expected results from our services
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Enhanced Transparency and Accountability
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Robust decision making
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Improved regulatory compliance
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Better leadership & continuity
Industries served
At Hyphen Consultancy , our corporate governance framework services are designed to meet the unique needs of various industries. We recognize that each industry faces distinct challenges and regulatory requirements, and our tailored approach ensures that our clients receive the most effective and efficient governance solutions. Our expertise spans a wide range of industries, including:
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Manufacturing
Our corporate governance services for manufacturers focus on improving operational efficiency, ensuring regulatory compliance, and fostering ethical business practices. We support automotive, consumer goods, electronics, and pharmaceutical manufacturers in building strong governance frameworks.
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Technology
We offer specialized governance services to technology companies, helping them navigate complex regulatory environments, protect intellectual property, and ensure data security. Our expertise includes software development, IT services, telecommunications, and e-commerce platforms.
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Healthcare
Our governance services for healthcare organizations ensure compliance with industry regulations, protect patient data, and promote ethical practices. We support hospitals, medical device manufacturers, pharmaceutical companies, and health insurance providers in achieving their governance goals.
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Retail and Consumer Goods
We provide governance solutions to retailers and consumer goods companies, helping them enhance transparency, manage risks, and ensure regulatory compliance. Our services cover e-commerce platforms, brick-and-mortar retailers, food and beverage companies, and fashion brands.
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Energy and Utilities
Our governance services for energy and utility companies focus on regulatory compliance, risk management, and sustainability. We assist oil and gas companies, renewable energy providers, utility companies, and mining firms in building robust governance frameworks.
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Real Estate and Construction
We offer governance services to real estate and construction firms, ensuring project oversight, regulatory compliance, and ethical business practices. Our expertise supports real estate developers, property managers, construction companies, and engineering firms.
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Transportation and Logistics
Our governance services for transportation and logistics companies enhance operational efficiency, safety compliance, and stakeholder engagement. We support airlines, shipping and freight companies, public transportation providers, and warehousing firms in achieving their governance objectives.
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Nonprofit and Education
We provide governance solutions to nonprofit organizations and educational institutions, ensuring transparency, accountability, and regulatory compliance. Our services benefit charitable organizations, foundations, schools, and universities.
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Government and Public Sector
Our governance services for government agencies and public sector organizations focus on managing public funds, ensuring compliance, and enhancing operational efficiency. We support federal, state, and local government agencies, public administration, regulatory bodies, and municipal services.
Explore Governance Services
Establishing a Robust Internal Audit Function for a Leading Saudi Arabian Conglomerate
Client Overview: Our client is a large, family-owned conglomerate in Saudi Arabia, with diverse business interests spanning various industries including manufacturing, retail, and real estate.
UK Code’s Corporate Governance shift: three key themes
If you want to gauge a society on some index of “trust” and “cooperation” do not go any further and look at the success of
Trellis Housing Finance Limited implements Abilite to strengthen their Internal Audit Function
It is natural to assume that startups solving various business problems through automation are more likely to adopt Technology for bringing improvisation within their own
Elevate your finance function with our cutting-edge real-time performance reporting solution.
Key Benefits
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Instant Decision-Making
Access real-time performance data to make informed decisions swiftly and effectively.
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Holistic Performance Insights:
Gain a comprehensive view by connecting financial metrics with non-financial drivers, empowering you to understand the full impact on business outcomes.
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AI-Powered Precision
Our AI models analyze data in real-time, pinpointing variations from planned outcomes and offering precise action recommendations.
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Proactive Strategy Development
Identify areas needing immediate attention and receive clear, actionable steps to optimize performance and drive organizational success.
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Automated Forecasting
Utilize automated forecasting capabilities to predict future trends and outcomes with accuracy, enhancing strategic planning and resource allocation.
Explore Performance Management Services
Providing Expert IFRS Accounting Opinions for the World’s Largest Solar Site
Client Overview: Our client is the developer and operator of the world’s largest solar site, located in Abu Dhabi. As a pioneer in the renewable
Rapid Governance Transformation for a Saudi Telecom Service Provider’s Successful IPO
Client Overview: Our client is the developer and operator of the world’s largest solar site, located in Abu Dhabi. This groundbreaking project aims to provide
Trellis Housing Finance Limited implements Abilite to strengthen their Internal Audit Function
It is natural to assume that startups solving various business problems through automation are more likely to adopt Technology for bringing improvisation within their own
What our clients say about us
We collaborated with Hyphen consultancy in 2014 and outsourced internal controls design assessment including process review, preparation of test plans and conducting walkthrough. During the three months’ assignment, hyphen consultancy resources were deputed at our office who were good in collaborating the activities within the organization and concluded the activity within project timelines. Hyphen consultancy management were also available for guiding their resource when required and were supportive in understanding our requirements and concerns.
Imran Ashraf
I had the opportunity to work with Faheem on a special review assignment of SOCPA related to telecom sector. I must say that Faheem had an in depth knowledge about his work and contributed immensely towards the success of that project.
Asif Iqbal
Premier Oil has engaged Hyphen Consultancy several times over the last three years for Partners’ audit of Operator records and the results we have gotten have always been very positive. Faheem has a take-charge attitude and subtle-yet-confident approach that resulted in him being immediately received appreciation from all quarters in Oil & Gas exploration and production industry. Hyphen has added value not only for us but for the Operator as well. Hyphen is dedicated to their clients, deliver reports within agreed timelines and even supported clients till the close out of all the findings.
Munir Malik
It is my pleasure to provide feedback on Hyphen Consultancy performance to-date on the IFRS conversion for Binzagr Co. In perspective, we had selected Hyphen and awarded them the IFRS conversion task from a choice of 5 leading contenders including big name Consultancies. However we opted for Hyphen because of their promise to head the task with their experienced consultants and close supervision and involvement of Faheem Piracha, the head of Hyphen Consultancy. While the task is spread over three phases including opening balances of 2017, then 2017 year end comparatives, and review of 2018 and the project is still ongoing, we have noted that Hyphen is delivering as promised. The team is dedicated, is collaborative and delivers beyond the content of deliverables in the signed agreement. I have no hesitation in recommending their professionalism, timing and delivery to another organization for similar services.
Tausif Hashmi, FCA
It’s been sometime working along with Hyphen Consultancy seeking their support in SOCPA IFRS Transition, Audit & Risk Consultancy and developing Resource & Audit Management solutions. Throughout this association (and continuing), Faheem Piracha (the CEO of Hyphen) and his staff have displayed great understanding, good knowledge of applicable Standards, disciplined work approach, and willingness to learn. Our recent experience working alongwith their Audit resources have been amazing. Due to reasons, we preferred them over the Big-4 firms with words of caution. However, their contribution in the successful revamping of Internal Audit function in our Group was as good as we could have expected from the Big-4 firms. Once again, their understanding, knowledge and disciplined work approach helped us to achieve this milestone. I wish Faheem and his colleagues at Hyphen all the success in the coming days, and hope that Hyphen would be viewed as a success story for young entrepreneurs in Audit, Risk & Business Advisory Services.
