Asset Management Top Stories

Disrupting financial consultancy space with 3Rs

What separates Axiom from its competition is its goal to provide the best solutions to a client’s problems aligned with their long-term business goals.

Based in Riyadh, Axiom World is an enterprising boutique firm providing clients with top-notch risk assurance, taxation, and management consultancy services in Saudi Arabia and across the Middle East. The company specializes in internal audit, compliance with International Financial Reporting Standards, non-financial risk management, cost optimization, corporate governance, and VAT Consultancy.

While the company is relatively less on years, it’s run by highly skilled professionals with varied experience. With Axiom, clients get unparalleled access to a real-world wealth of experience of industry veterans who have worked for more than 15 years. It strives to give its clients results as they would usually expect from a Big 4 company, where many of Axiom’s staff have cut their teeth. The company has a goal to provide value through its professional and thorough service which its clients can bank upon for a long and sustainable growth journey.

Axiom aims not only to solve the client’s immediate pain point but to serve as a trusted advisor for a long-term association.

But what separates Axiom from its competition is its goal to provide the best solutions to a client’s problems aligned with their long-term business goals. To achieve this, the company does not compromise on acquiring the right talent and flies in experts from around the world if there is a need to address a critical issue. Not only Axiom is keen on meeting local standards of operations, but it also aims to match global best practices and hence exceed the expectations of clients each and every time.

Providing clients with solutions is the starting point of Axiom’s relationship, it does not end there. Axiom goes the extra mile to ensure that their focussed approach to a client’s problem far exceeds their expectations and earn their trust for paving the way for long-term relationships.

The key to its success is its desire to understand the pain points of each of its clients and tailor solutions to target the specific issue at hand. “We value excellence in everything we do and recognize that our clients expect nothing less. We strive to provide services that are not just standard, but also stand out in terms of how we operate and deliver value to our clients. Trust is built on the foundations of reliability and integrity,” says Moid Raza, Director of Axiom World.

“We only give limited services to our clients, but we want to make sure that they can trust our work. We perform our job with integrity and objectivity and ensure that what we deliver is of quality. These traits develop the trust of our clients which assist us to provide more opportunity to perform better in future engagement,” he adds.

Efficient yet cost-effective
The company describes it in their mission statement, “Deliver quality services to the clients with our 3R Principle: Right solutions with Right approach at Right cost.”

While the right solutions are of importance, Axiom aims to be of value and offer tailored solutions of uncompromising quality but at the fraction of the cost of legacy consultancy firms.

Swiftness and timeliness are other key recipes to Axiom’s success. While quality is of prime focus, the team understands delivering the optimal solution swiftly can make a huge difference and alleviate clients from lengthy downtimes.

While catering to the specific needs of the client is the company’s second nature, the company is not shy to propose overhauls if it feels that the client is at risk of missing out on global standards or the latest technology advantage.

As digitization continues to be the focus, Axiom is a good bet for companies to seek counsel from. Axiom harnesses data to consult with business leaders and sets them on their way to increased productivity in their organizations and increase their bottom lines.

Ancillary services
Other than its core financial services, Axiom also provides clients with Information Technology solutions be it providing high-quality outsourced services, its own enterprise resource planning application, or payroll services. It also helps organizations to fine-tune their application of SAP, Oracle, or NetSuite. In instances, when Axiom is just acting as a vendor, the company ensures that the client is utilizing the ERP software to its maximum potential.

Like their core financial services professionals, these teams are also led by vastly experienced professionals who have spent their early career days at Big 4 companies. The team also provides machine learning, computer vision, natural language processing, and react-based applications too.

In another non-core offering, Axiom’s team of competent chartered accountants will work to take care of all accounting needs of their clients to realize their goals in a timely and effective manner. This helps in reducing costs for their clients and getting high-quality outsourced services. The accounting services offered include the development of full-fledged financial statements as per IFRS and local regulatory requirements, recording, and reconciliation of transactions among others.

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