Accounting is one of the most popular services that businesses outsource. Our outsourced accounting solutions range from basic functions such as payroll to a complete procedure that provides everything from sales and purchase ledgers to budgetary control. Our solution puts you in a position to produce managed accounts as and when required. We offer purchasing solutions for your accounts payable department. This process is critical in ensuring authorised invoices are paid accurately and a controlled procedure is maintained.
Some of the problems faced by clients
Displaying data in a customised format (as every business has a unique framework to operate)
No synchronisation between various software applications used within the organisation
Loose control over the important business data, which eventually leads to lesser control over the business processes
Accessing and analysing client specific information
Spending excess time in managing client documentation
Labour-intensive and time-consuming data processing job
Our approach
Onsite-Offsite engagement model
Process flow
Process description
Information security / Confidentiality
Quality Assurance
Highly Qualified Accounting Professional deployed onsite to understand and implement client’s Quality Standards
Ongoing Training sessions to enhance domain knowledge and improvise the service delivery
Team of Qualified Accounting Professionals for data processing with sound understanding of GAAP (Generally Accepted Accounting Principles)
Services offered
A defined and well-documented business process for matching invoices to purchase orders and receipts.
All duplicate invoices are scrutinised for the matching of correct and accurate paperwork
The number and currency value of outstanding invoices (liabilities) before they are approved or matched
Record of invoices that do not match the PO/receipt and reason
The status of invoices to highlight information such as awaiting approval
Images of all invoices online, allowing centralised access; eliminating time spent completing and retrieving paper invoices
Credit control
Order entry
Chasing delivery with suppliers
Receiving goods on system (Live update on delivered goods)
Work In Progress (WIP) with accurate breakdown analysis (Job costing & department cost centre)
Advantages
Expertise of highly-skilled offshore accounting and business professionals
Tasks completed with quick turn around
Increased transparency into processes
Trusted by some of the leading accountancy practitioners
Highest security standards
Your data never go out of your premises
Secured network
Access to offsite accounting professionals through secured tunnel
Cost savings without capital investment
Centralised and automotive routing control across the enterprise, irrespective of physical location
Ensuring accurate matching to POs and receipts
Day-to-day functions, analysis, exceptions, and process improvements will be performed onsite
No threat of loosing control over your business
Quality as per your business standards
Enhanced business process
Focus on core business by off-loading non-core functions
