Process & Internal Controls

Secure Your Business Assets & Build Scalable Workflows

As a business grows, informal procedures become high-risk vulnerabilities. Without written financial procedures, clear segregation of duties, and systematic payment approval routes, errors, leakages, and even internal fraud become real threats. MIQYAS Consulting designs robust Internal Controls and Finance Process Workflows that safeguard your company's assets and prepare your organization for institutional expansion.

We map your entire document lifecycle (from purchase order to payment, and invoicing to collection), establish strict authority matrix boundaries, and supervise the implementation of enterprise resource planning (ERP) software, ensuring technology serves your control objectives.

Key Deliverables & Responsibilities

• Finance Process Mapping: Documenting the step-by-step flowchart of all financial movements to identify bottlenecks.
• Authority Matrix Design: Clarifying exactly who can approve purchases, payments, and contract signings by value tier.
• Segregation of Duties (SoD): Structuring operations so that no single employee controls an entire financial transaction from start to finish.
• ERP System Implementation Advisory: Acting as your internal project manager to ensure your ERP is configured with proper controls.
• Standard Operating Procedures (SOPs): Writing practical finance department handbooks to guide your team's day-to-day operations.

Why Process Controls are Critical for Qatar Corporations

Many growing enterprises in Doha operate under legacy workflows that depend entirely on memory or a single manager's verbal approval. This causes billing errors, duplicate supplier payments, and delays in audits. Implementing a structured internal control system gives the business owners peace of mind, satisfies corporate governance recommendations, and ensures the organization operates smoothly even as staff changes.

Frequently Asked Questions

What is a financial authority matrix?

It is a document approved by the board or owners that defines spending and approval limits for different management tiers (e.g., department heads can approve up to 10,000 QAR, GM up to 100,000 QAR, and anything above requires owner sign-off).

Do you implement ERP systems directly?

We do not code or sell ERP software. We act as your internal consultants to define requirements, select the right vendor, and supervise the configuration of the system to ensure it incorporates proper financial controls.