HORIZON ERP

In contracting industry, it is highly imperative to define initially the estimate and budget of the project to be executed. Further the actual expenses involved in the project must be constantly tracked against the estimation. The best Contracting ERP in UAE, Horizon EBS accomplishes this action using Project Accounting module. Thus, if your organization is into any of the contracting activities; be it Civil, MEP, interior, Facilities Management or any general contracting activities, Horizon EBS has a solution to manage the Project costing. What is a Project Accounting Module? Project accounting module helps to track and manage the financial transactions related to a specific project or set of projects within an organization. This module works in conjunction with other modules like Procurement & Inventory, Human Resource Management, Finance Accounting etc. to get the function wise cost incurred in executing the project. In ERP systems, project accounting typically involves creatin...

 As per the current work culture in UAE there is a need for HR and payroll software to process the payroll of the employees. Best HR and payroll software like Horizon HRMS cover all the required features from employees joining the company to leaving the company. We will share a few benefits of Horizon HRMS software. Productivity and Time Utilization: Payroll can be very strenuous with the mass amount of operations needed to keep everything in order. Medium and larger organizations don’t have time to look after timesheet and attendance management of the employees, overtime calculation, and employee data maintenance. This can take a large number of manhours to complete the entire process when it's done manually. By implementing HORIZON HRMS Software, one of the best HR & payroll systems in UAE, the system can minimize the work with the press of a button. Employee Self Service Portal In bigger organizations, there will be a huge workload on the HR team. Cloud-based Horizon HRMS s...

 The UAE has adopted a new corporate tax system, which is expected to significantly impact the tax and compliance obligations of many UAE companies.  With the introduction of Corporate Income Tax (CIT) on business profits, companies will require the support of a tax consultancy and ERP software has to be ready with the updates.  The new tax regime in the UAE will also bring about transfer pricing and documentation requirements in accordance with the OECD Transfer Pricing Guidelines. Capital gains and dividends will continue to be exempt from corporate tax, further strengthening the holding company structure. Companies may opt for group taxation or be taxed at a group level, and intercompany losses may be included in the calculation of taxable profits. The Ministry of Finance has announced a federal corporate tax on business profits, effective for financial years starting on or after June 1, 2023. The tax rates for business income are as follows:     9% corporate...

Horizon EBS is a fully integrated enterprise resource planning (ERP) software solution that provides businesses in the United Arab Emirates (UAE) with various modules to manage their core processes, including finance, procurement, and human resources project management. The software is designed to be user-friendly and customizable, allowing companies to tailor the solution to meet their specific business needs. Modules : Financial Management:   Horizon EBS provides a comprehensive financial management module, including accounts payable and receivable, general ledger, bank reconciliation, and cash management. Procurement:  The HORIZON eProcure module provides companies with a streamlined process for purchasing goods and services, including purchase order creation, supplier management, and inventory control. Human Resources:  HORIZON HRMS module provides companies with a comprehensive solution for managing their employees, including payroll, employee information managem...