Banks, asset managers, and insurance firms trust VOIITS for multi-entity general ledger consolidation, regulatory capital reporting, and automated client fee billing - fully aligned with CBUAE, SCA, DFSA (DIFC), and FSRA (ADGM) requirements, all on secure, enterprise-grade cloud infrastructure.
The Challenge
Each one handled out of the box - no spreadsheets, no workarounds.
Automatic intercompany eliminations compress multi-entity close from weeks to days.
Regulatory returns and IFRS accounts drawn from one data source, no reconciliation breaks.
Vendor risk register and approval workflows satisfy CBUAE and DFSA outsourcing compliance.
Multi-jurisdiction payroll - UAE, DIFC, ADGM - in one system with consolidated workforce reporting.
Capabilities
Financial-grade modules engineered for the precision, auditability, and compliance that regulated entities demand.
Automated intercompany netting, currency translation at spot and average rates, and one-click consolidation across unlimited legal entities - covering mainland LLCs, free zone entities (DIFC, ADGM, JAFZA), and offshore structures under IFRS ledgers.
Pre-built regulatory report templates for Basel III, IFRS 9, CBUAE capital adequacy, and DFSA/FSRA frameworks - with full audit trail from source transaction to filed report and AML/CFT goAML submission support.
Automated fee calculation across AUM-based, flat, tiered, and performance structures. Generate, distribute, and reconcile client invoices without manual intervention.
Role-based permission matrices, immutable audit logs, four-eyes approval workflows, and real-time anomaly detection to satisfy internal and external audit requirements.
Compliance & Security
Pass audits and satisfy regulators with controls baked into the ledger.
Reporting and controls aligned to Central Bank and Securities & Commodities Authority rules.
DIFC and ADGM regulatory frameworks supported for free-zone entities.
Suspicious-activity workflows and goAML-ready reporting and audit trails.
Data-residency, consent, and subject-access tooling for the Emirates.
Encrypted at rest and in transit, with tamper-evident financial audit trails.
FAQ
The things growing UAE teams ask us most before getting started.
VOIITS maintains separate books for each legal entity with entity-level trial balances and IFRS statutory reporting, then runs automatic intercompany eliminations, minority interest calculations, and FX translations at period close. Every elimination entry links back to the originating intercompany transaction, satisfying both internal audit and external auditor requirements for UAE-regulated financial groups.
VOIITS protects financial data with strong access controls, encryption in transit and at rest, and immutable audit logging. For firms handling cardholder data under CBUAE payment regulations, scoped access and tokenization protect sensitive fields. Security documentation is available under NDA during due diligence.
VOIITS Finance provides configurable reporting dimensions that map GL balances to CBUAE capital adequacy schedules, DFSA prudential returns, or FSRA supervisory reports. It does not replace a dedicated prudential calculation engine, but it provides the authoritative GL data feed those engines require, with built-in reconciliation between IFRS statutory accounts and regulatory returns at close.
A single-entity financial services firm typically goes live on Finance, Procurement, HR, and Payroll within 14-18 weeks. Multi-entity groups with consolidation and intercompany requirements generally run 20-28 weeks depending on entity count and data migration complexity. VOIITS conducts a detailed scoping assessment upfront and commits to a fixed timeline with milestone-based delivery.
VOIITS supports configurable data residency options with role-based access control at the entity level, ensuring staff in one jurisdiction cannot access financial or HR data for another entity unless explicitly permissioned. This supports compliance with UAE PDPL, DIFC Data Protection Law, ADGM Data Protection Regulations, and CBUAE data governance requirements, with evidence packs provided for regulator review.
Yes. VOIITS Payroll and HR support configurable compensation structures including deferred cash, vesting schedules, and performance-linked bonus pools, with accruals posting automatically under plan rules. Vested amounts flow through payroll at scheduled dates with WPS-compliant disbursements, providing the compensation data trail DFSA and FSRA remuneration codes require for investment managers in Dubai and ADGM.
UAE financial institutions across banking, asset management, and insurance trust VOIITS to run their most critical financial operations with the accuracy and security the CBUAE, SCA, DFSA, and FSRA demand.