Accounts and Finance Outsourcing

General Ledger Management is one of the most important aspects of accounting. We offer a wide range of Accounting Services and its Automation to ensure that all the financial statements are in compliance with Generally Accepted Accounting Procedures (Ind-AS, IFRS, US-GAAP etc.)

Our service portfolio in General Ledger Accounting includes:

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  Ledger scrutiny
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  Monthly accounts finalization and MIS
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  Transaction processing and record keeping
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  Capturing transactions in appropriate heads to ensure accurate profitability under various business segments.
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  Record to Specialized Report
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  MIS Dashboards, leading strategic financial planning and analysis.

We take care in tracking fixed assets right from acquisition till the disposal and maintenance of proper records showing all particulars and matters to be provided in the Company’s Audit Report Order. Ensuring adequacy of insurance of fixed assets and optimization of insurance cost.

We cater following services under Fixed Assets Management:

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  Fixed Asset policies formulation and its review & recommendation
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  Software implementation & data capturing for cost of acquisition, depreciation, written down value and life of asset
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  Reconciliation of physical assets with books of accounts
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  Physical verification & tagging of assets for traceability and custodianship
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  Asset history maintenance by capturing source documents
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  Ensure adequacy of insurance of fixed assets and optimization of insurance cost.

We conduct inventory audits through our in-house developed advanced technologies to get complete analytics of inventories, identifying root cause analysis of variances and prevention and early detection of the frauds and errors.

We cater following services under Inventory Management:

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  Audit planning, execution, data capturing, reconciliation of physical inventory with books of accounts through advanced in-house technology
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  Ensure adequacy of insurance of inventories and optimization of insurance cost
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  Optimum utilization of available stock points and space management
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  Inventory stocking arrangements to ensure compliance of health, safety and hygiene measures
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  Setting up system for minimum and maximum inventory levels, lead time management, reorder quantity and reorder level
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  Physical verification & tagging of inventory for traceability and custodianship.

Our dynamic approach through robotic process automation and outsourcing services in accounts payable provides better controls, cost optimization and efficient cash management. Our customized technology solutions and efficient processes helps client to achieve cost effective Accounts Payable Management.

Our AP Management Services Include:

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  Digital submission and validation of invoices
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  Implementing stringent controls over invoice processing for compliance and posting
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  Timely processing of invoices payments and relevant MIS reports
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  Reconciliation of accounts payable with GSTR-2A to ensure proper GST credit is availed
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  Classification of vendors into MSME / non-MSME and managing relevant compliances
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  Accounts payable ledgers reconciliations through automated tools.

Our approach to Accounts Receivable services includes RPA automation through customized technology solutions and outsourcing services for consistent follow ups of receivables, ageing reports, invoice and customer claim processing which ensures timely and efficient collections.

Our Account Receivable Management Services include:

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  Digital platform for invoice processing and invoice submission to customers
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  Automation of E-Invoicing and E-way Bill under GST regime with ERP integration
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  Timely receivable follow-ups
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  Reconciliations of sales transactions, E-way bills, GSTR-1 and GSTR-3B to ensure proper statutory compliance
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  Accounts receivable ledgers reconciliations through automated tools.

We have expertise to manage various reconciliations and MIS reporting with easy-to-use automation tools and robotic process automation which can cater needs of MSME, MNC and Large Corporates and provide timely and accurate reports in decision making and help them in growth of respective businesses.

Our service portfolio for Reconciliations and MIS reporting offers:

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  Reconciliations for compliance like GSTR-2A/TDS/26 AS, Tax Ledgers, Accounts Payable and Receivable Ledgers, etc.
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  Customized tools and services for third party online/offline transactions and settlements reconciliations
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  MIS reports related to budget and controls,cost centre analytics, ROI analytics, business plans, financial dashboards for accounts and finance and sales, etc.
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  Automation for consolidation of financial statements and reports
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  Ledger reconciliations including Monthly / Quarterly ending activities, internal audit assistance, customer vendor recon, payment follow-ups, revenue audits and tax & statutory compliance.

Our exposure to diversified businesses and industries helps us to identify opportunities for improvement and use of best practices sets a benchmark to develop and strengthen the overall system and control and enhance the reliability of the financial statements to comply with the regulatory requirement.

Our scope of work here includes:

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  Identification of significant accounts, key business processes, review of materiality i.e. Key/ non-key Risks
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  To design, review, implement and enhance IFCs, SOP, MIS, DOA, Risk Management Matrix, etc.
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  Conversion of financial statements in accordance with IND AS, IFRS etc.
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  To review and suggest the appropriate Information Technology General Controls.

We offer Revenue Audit services through RPA and customized solutions which have a wide scope to increase the revenue and EBITA improvement plans. We have portfolio of competent industry experts supported by dedicated team to ensure effective and efficient audit which is planned with rigour and carried out strategically.

The following aspects are scrutinized while performing revenue audit:

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  360 degree analysis of Gross Receipt
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  Meticulous review and analysis of every head of Purchases and Expenses
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  Reconciliation of invoices, payment made by clients, robust analysis of collections debtors and review / analytics of Bank Account Statements
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  Detailed scrutiny of Service agreement vis-a-vis actual services being rendered. Finally the invoice raising in line with mutually accepted service agreement.