Ongoing pressures to optimize business performance have prompted many International businesses to look for new approaches, including outsourcing/offshoring of the finance & accounting operations to service providers like us in India.

Our clients recognise the benefits of outsourcing one or more of their back-office functions, to enable them to focus on growth of their business.

Benefits include:

• Improving performance: Gaining high quality information resulting in better decision making.
• Reduce you costs: Having access to the right sets of processes and avoid costly accounting and repair work
• Control your business: Having access to the best technology and practices.
• Reduce your risk: Reducing your business reliance on key employees and gaining an experienced reliable provider.

Our Accounting and Outsourcing experts work together to meet your needs from running your compliance or payroll process, managing your finance function or advising you as your business develops. Our team has required local knowledge of country’s jurisdiction and various software’s such as Xero, SAGE, Quick books, IRIS, Tax Calc, SAP, Oracle etc. which are used globally.

Our service line includes:

• Full back office financial outsourcing (AP, AR, GL): We have required expertise to run or be a part of your finance function (Accounts Receivable, Accounts Payable, General Ledger, Month end close process) to ensure that you get accurate, timely management information in a format that meets your needs or reporting requirements.
• Receivables management: We have extensive experience in processing and advising on all aspects of credit management resulting in the production of high quality, detailed reporting to clients and we also provide credit strategy advice for struggling or failed businesses.
• Payables management: We cover all aspects of payables management from processing of invoices using technology such as review of supplier statements and reconciling payments.
• Preparation of management accounts: We design and deliver tailored dashboards and management reporting packs to meet your requirements and those of your stakeholders. Combining financial and non-financial data, we put back in control of reporting and provide the analysis you need to make quick decisions.
• Compliance: We also ensure that your compliances are done before the due dates. Whether your accounts are prepared under Local GAAP or US GAAP or IFRS, our specialised team can support you to ensure you have compliant financial statements filed by the relevant deadline. Our dedicated tax team will ensure that tax compliance affairs are kept up to date.

Payroll has always been a vital function for every company which requires specialization and understanding of pertinent laws in processing the payroll of employees. Keeping this in mind and also to foster secrecy and administrative expediency, we provide a wide-range of payroll services to our international clients.

We have extensive knowledge of processes relating to international payroll processing which would help you to focus on your business more effectively and efficiently.

Payroll process is not only the calculation of employee’s basic remuneration but also any overtime payments, special payments or bonuses given to the employee in the period in question. Moreover remuneration is calculated keeping in mind hourly employees, salaried employees, new hires and terminations. Calculation of gross salaries and deductible amounts is a tedious task which involves risk. Various aspects of payroll such as taxes, retirement funds, withholding tax regulations, and government regulations, are always changing and can become quite complicated for the accounting staff to handle.

To efficiently manage the entire payroll work the requirement of payroll processing services is needed.  As the number of employees in the organization, increase the benefits of payroll outsourcing become more evident. To efficiently manage the entire payroll work the requirement of payroll processing services is needed. As the organization grows it become difficult for the organizations to manage the work, so lighten your burden and let us take care of this cumbersome process thus ensuring that you save good amount of time and hassles that arise in the processing.

Our services include:

• Calculating payroll after thorough analysis of payroll records, number of hours worked, leaves, overtime worked etc.
• Withholding Tax obligations for each employee.
• Employer and employee Provident Fund &  ESI or any other contributory fund calculation
• Employee’s agreed periodical deductions
• Medical claim
• Depositing statutory dues
• Reporting the periodic accounting entries of payroll for periodic accounts processing.

Provident Fund – PF

Provident Fund is a compulsory contributory fund for the future of employees. It works as a corpus fund generated through regular and monthly contributions made by an employee and employer. A minimum percentage is calculated from the basic component of employee’s salary and contributed along with employer’s contribution. We provide lifecycle PF services which include registration and regular compliance services.

Employee State Insurance – ESI

ESI fund, maintained by ESIC is a insurance based social security scheme which is applicable to employees earning below a certain limit in order to provide certain cash and medical benefits to them and their families. ESI is calculated at certain percentage from employer side and certain percentage from employee’s side. We provide lifecycle ESI services which include registration and regular compliance services.

The role of the Chief Financial Officer (CFO) is now more challenging than ever. As economic environment is changing at a faster speed, CFOs have the challenge to adapt rapid changes in economic and regulatory environment

CFO practically offer the following critical services

• Financial System Developer
• Financial System controller
• Financial system Integration with various functions of company
• Risk analysis and Management
• Financial Growth driver

When we offer shared CFO services, we transform finance function from a mere support function to solution provider function, working on agreed Key Result area’s (KRA’s).

We not only provide a shared CFO, but that CFO is backed by our team of advisor’s, associates/ experts in our network, management and Change specialists; providing you a complete financial leadership solution.