Worldwide Finance Awards 2020

10 Acquisition International - 2020 Worldwide Finance Awards stablished in 2015, Polemaris is an accounting and consultancy firm with a vision to simplify business processes and make trade accessible, feasible and reliable for everyone around the world. In 2018, Polemaris was selected to be a member of JPA International, a member of the Forum of Firms and one of the top 20 consulting and accounting networks globally, representing the network for the Kingdom of Bahrain and the Eastern Province, KSA. This award comes as Polemaris is designing BAB, a B2B solution that will create an organic and inclusive eco-system offering a platform to connect SMEs with freelance accountants within an independent CPE framework that is skills-based rather than certifications based. BAB allows business owners to supervise the performance of accountants and provides greater insight to their businesses, thereby enhancing the quality of service, competition and productivity. It also provides an enhanced governance model for regulators to ensure compliance with IFRS reporting. Polemaris has partnered with Hike, a leading cloud based retail POS software, and others to provide an end to end accounting business intelligence solution. Operating around a core methodology based on technology and intelligence, Polemaris’ key services are business intelligence, accounting and taxation, technology optimisation and corporate governance. Polemaris is built on core values of diversity and a focus on SMEs. The Polemaris team is comprised of motivated individuals with a range of backgrounds and expertise; Founder and CEO Hasan Al Rahma carries over 15 years of experience in audit, consultancy and financial services, while Accounting and Tax Partner Ahmed Al Saad holds over 13 years of experience in accounting and audit, along with a diversified team of accountants, financial analysts and engineers. Their membership in associations and committees including the Following their success last year from being chosen as one of 26 global start-ups to participate in CyberTech Europe 2019, the JPA International member and representative in Bahrain, Polemaris, continues its progress with their win at the World Finance Awards 2020. This award enables Polemaris to accelerate its ambition to be a pioneer in innovation and business intelligence. Best Accounting & Tax Advisory Firm 2020 – Bahrain: Polemaris E Hospitality and Tourism Committee of the Bahrain Chamber of Commerce and Industry, the Board of the Bahrain Development of Small & Medium Enterprises Society, MENA FinTech Association, as well as active participation in local and international events including FinTech Abu Dhabi, places Polemaris ahead of competitors. They have also partnered with international experts in the fields of fintech, blockchain, cybersecurity, and emotional and behavioural intelligence. The organisation is one of 26 global start-ups, and the only candidate from the MENA region to be selected to participate in CyberTech Europe 2019 after presenting a breakthrough white paper on cybersecurity through emotional intelligence and gamification. Bahrain faces challenges similar to other regions, particularly credit assessments models which need to be aligned with consumer needs, and financing for SMEs and microbusiness. Other external factors having an impact on the finance industry include the rapid advancement of technology and digitization, with the need to find new ways to build an ongoing digital relationship with users and provide simplified and personalized user centric services. In addition, there is a need to understand the behavioural trends across generations, with Gen Z expected to form the key customer base for financial services, financial institutions will need to adapt to meet their demands for instant, convenient and personalised services. In light of these trends and driven by their ambitious vision, Polemaris aims to develop a fintech solution to be announced at a later date, as they collaborate with the Central Bank of Bahrain and Abu Dhabi Global Markets to participate in their regulatory sandboxes. Polemaris benefits from operating in Bahrain, the best ecosystem platform and launching pad for global scalability. While the current pandemic has seen some financial slowdown, it has also seen the acceleration of global digital transformation, which has offered Polemaris the opportunity to focus efforts on innovative technology optimisation solutions. Accordingly, Polemaris aims to build an ecosystem solution driven by their core vision to aiding SMEs, microbusinesses and freelancers, by providing a financially inclusive and secure model powered by an intelligence-base. It’s an exciting time for this firm, as they continue to make remarkable advances within the financial sector. Contact: Hasan Al Rahma, CPA Company: Polemaris Web Address: www.polemaris.com