Financial Process Outsourcing
Finance is a function which cannot be ignored by any business. However, affording qualified finance professionals may not be possible for every business especially in the early stages.
We offer the following services to our clients, helping them reduce costs and at the same time, provide quality accounts/finance function. These solutions are custom made for each client based on their needs.
Outsourcing is a growing trend and companies increasingly depend on third party providers to deliver critical services. These third party providers/service organisations are increasingly operating in a competitive environment where they are required by shareholders, customers, regulatory authorities and other stakeholders to provide assurance that their operations are well controlled.
The above requirement is compounded by organisations having to become more accountable for identifying, managing and controlling business risks. In response to these expectations, Independent Assurance provides comfort to the clients that the service organisation has appropriate controls in place and also provides additional comfort to the external auditors.
Functional outsourcing including
1. A/P Management - Generation of Purchase orders, Entering Bills of vendors, tracking of A/P, Payments to vendors/suppliers, Generation of A/P reports, aging analysis etc
2. A/R Managements-Preparing Estimates, Record sales invoices, Tracking of A/R , updating payments and Generation of A/R reports/aging reports
3. Inventory Management - Updating inventory records, Track inventory usage, Generation of inventory reports etc
4. Treasury Management
5. Payroll Management & HR Services
- Performance management & measurement system
- Employee satisfaction survey
Our Financial Process Outsourcing Services include the following:
Book keeping, Financial accounting and Management accounting
Monthly MIS reporting
Preparation of financial statements under various GAAP’s
Providing audit assistance
Implementation of budgeting systems
Functional outsourcing (AP, AR, Inventory, Treasury, Payroll)
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