According to Tariq Chauhan, CEO of EFS Facilities Services Group, the growing pressure from clients to cut costs is not bad news, it is an opportunity to transform. The recent crisis and its ensuing economic hardships have taught us many lessons in the art of resilience. One such lesson for service providers across industries is […]
Cutting costs, Not corners Read More »
Only HR related costs are still under control, and even that not for too long Inflationary costs are starting to weigh down FM businesses in the UAE. Some of these cost gains relate to imported cost escalations. With concerns of inflation on the rise, it is time for the FM (facilities management) industry to guard
Internal auditors have a vital role to play in guiding companies away from the pandemic and towards a sustainable future. The COVID-19 pandemic has had a disruptive and devastating effect on people, businesses, and economies worldwide. At the corporate level, the severity of the impact has forced management to double down on their efforts to
EFS Thought leadership: Re-inventing Internal Controls Read More »
UAE strategy focuses on the development of the segment as part of Operation 300bn In March 2021, the UAE announced the launch of Operation 300bn where the focus was to increase the industrial output of the economy from AED 133bn to AED 300bn in the next 10 years within the country. It came at the
EFS Thought Leadership: Shifting Focus on SME’s Read More »
Most businesses have a common business challenge managing their account receivables as clients continue to drag their feet on timely payments. This is always a matter of great concern for each business stakeholder as cash flow duress is a significant business sustainability deterrent. However, depending on the industry, business and sector, cash flow aberration has
Account Receivable Management and Operating Cash Flows Need To Be Given Priority Read More »
There have been increasing discussions on various forums about the role of the finance department in an organization. Should the finance department be perceived as a support & controlling function, or should it be viewed as a business partner? This debate is gaining momentum as recent organizational trends indicate a rapid transition of finance function
For years, I have been advocating the case of a much more emphatic transformation of technology in the FM industry. In the wake of recent challenges faced by the industry such as a drop in gross margins due to client pressure, demand for a linear organization to cut overheads, rising skills gaps, workforce availability and
New Generation FM Technology Platforms Have the Key To Solve Current FM Industry Woes Read More »
The global COVID-19 pandemic has changed the dynamics of how organizations operate, no matter their size. Priorities have switched, strategies were redesigned, and even though the future is uncertain, introspection has made it possible to identify the basic requirements needed to be in place to ensure the survival of businesses as the pandemic rages on.
COVID-19 Balancing Act – How Did EFS Manage Pandemic Response? Read More »
If you put more effort and do your best to give your brand a unique service offering, you can do a much better job handling competition and achieving solid customer retention. As per Webster, the definition of competition is “the effort of two or more parties acting independently to secure the business of a third
As a Business, Here’s Why You Need to Focus On Yourself (And Not on Your Competition) Read More »
In a sit-down interview for Emarati Program, EFS Group CEO Tariq Chauhan talks about the EFS growth history, the EFS of today, resilience, and values. Watch the full interview here: https://youtu.be/DcBi2aqvlzE
EFS Group CEO Tariq Chauhan in an Interview About EFS’s Journey of Growth Read More »