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:

• Transaction processing and record keeping;
• Ledger scrutiny;
• Monthly accounts finalization and MIS;
• Capturing transactions in appropriate heads to ensure accurate profitability under various business segments;
• It has been furthersegregated infollowing four broad categories of business transactions:
  • Order to Cash;
  • Procurement to Payment;
  • Record to Specialised Report;
  • MIS Dashboards, leading strategic financial planning and analysis.

We take care in tracking fixed assets right from acquisition till the disposal andmaintenance of proper records showing all particulars and matters to be provided in the Company’s Audit Report Order (CARO), 2003 relating to material discrepancies, yields accuracy, significant tax savings and robust internal control. We cater following services under Fixed Assets Management:

• Fixed Asset policies formulation and its review & recommendation;
• Physical verification & tagging of assets for traceability and custodianship with use of QR code or RFID based technology;
• Software implementation & data capturing for cost of acquisition, depreciation, written down value and life of asset;
• Reconciliation of physical assets with books of accounts;
• Asset history maintenance by capturing source documents along with photographs;
• 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. Wecater following services under Inventory Management:

• A B C categorisation of inventories to plan inventory management;
• Setting up system for minimum and maximum inventory levels, lead time management, reorder quantity and reorder level;
• Audit planning, execution, data capturing, reconciliation of physical inventory with books of accounts through advanced in-house technology;
• Ensure adequacy of insurance of inventories and optimization of insurance cost;
• Physical verification & tagging of inventory for traceability and custodianship. Use of QR code or RFID based technology advancement;
• Optimum utilization of available stock points and space management;
• Inventory stocking arrangement to ensure compliances of health, safety and hygiene measures.

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:

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

Our approach toAccounts 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:

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

We have expertise to manage various reconciliationsand 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:

• Reconciliations for compliance like GSTR-2A/TDS/26 AS, Tax Ledgers, Accounts Payable and Receivable Ledgers, etc.;
• Customized tools and services for third party online/offline transactions and settlements reconciliations;
• MIS reports related to budget and controls,cost centre analytics, ROI analytics, business plans, financial dashboards for accounts and finance and sales etc.;
• Automation for consolidation of financial statements and reports.

Our diversified team is well equipped to manage any type of ERP Implementation/Migration using RPA and data analytics.We offer360 degree support starting from the feasibility study, review of business processes, blue-print finalization, pre-Go live activities, Post-go live support etc. Our ERP Implementation/Migration services cater the following;

• Return filing preparations including GSTR-1 /3B, Auto –computations and compliance tracker ITR filings and TDR;
• Providing MIS dashboard from tracking reconciliations, pricing analysis, sales report and trends, Finance dash boards to Marketing personnel dashboards;
• Ledger reconciliations including monthly/Quarterly ending activities, internal audit assistance, customer vendor recon, payment follow-ups, revenue audits and tax & statutory compliance
• Reengineering of business cycle processes like automating 3 way match of procurement (PO, GNR and invoice), Vendor bill processing including payments and follow-ups, Sales order processing, invoice processing and AR processing.

We have expertise to manage various reconciliationsand 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:

• Reconciliations for compliance like GSTR-2A/TDS/26 AS, Tax Ledgers, Accounts Payable and Receivable Ledgers, etc.;
• Customized tools and services for third party online/offline transactions and settlements reconciliations;
• MIS reports related to budget and controls,cost centre analytics, ROI analytics, business plans, financial dashboards for accounts and finance and sales etc.;
• Automation for consolidation of financial statements and reports.

Our diversified team is well equipped to manage any type of ERP Implementation/Migration using RPA and data analytics.We offer360 degree support starting from the feasibility study, review of business processes, blue-print finalization, pre-Go live activities, Post-go live support etc. Our ERP Implementation/Migration services cater the following;

• Return filing preparations including GSTR-1 /3B, Auto –computations and compliance tracker ITR filings and TDR;
• Providing MIS dashboard from tracking reconciliations, pricing analysis, sales report and trends, Finance dash boards to Marketing personnel dashboards;
• Ledger reconciliations including monthly/Quarterly ending activities, internal audit assistance, customer vendor recon, payment follow-ups, revenue audits and tax & statutory compliance
• Reengineering of business cycle processes like automating 3 way match of procurement (PO, GNR and invoice), Vendor bill processing including payments and follow-ups, Sales order processing, invoice processing and AR processing.

Our exposure to diversified businesses and industries helps us to identify opportunities for improvement and useof bestpractices sets a benchmark to develop and strengthen the overall system andcontrol and enhance the reliability of the financial statementsto comply with the regulatory requirement. Our scope of work here includes:

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

We offerRevenue Audit servicesthrough RPA and customized solutions which have a wide scope to increase the revenue and EBITA improvement plans. We haveportfolio of competent industry expertssupported 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:

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

We offer customer centric solutionsin Employee Reimbursement System, i.e. processing of employee’s claims as per the approved policy, DOA (delegation of authority) and claim wise recording & reporting. Our experienced team diligently conduct process of scrutinizing claims in time bound manner. Our Employee Reimbursement System assists businesses to:

• To form a best suited tailor-made employee reimbursement policy in line with defined DOA;
• Review, Identification and implementation of best suited technology solution;
• Scrutiny, approval and payment of expenses as per approved policy in time bound manner;
• To form various MIS reports with an objective of proper analytics and optimization of claims.

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• Inventory Audit;
• FA Verification and Audit;
• ROI, Expiry and Display Audits;
• Internal, Operationaland Management Audit;
• System, Process and ISO Audit;
• Fund Trail&Forensic Audit;
• Due Diligence and Business Valuation;
• Support Services to Insolvency Professionals.