What we offer in Shared Services
International bookkeeping and data management
- Account Setup (For Small and Unorganized Businesses)
- General ledger preparation and scrutiny
- Preparation of cross referenced paper files
- Accounts receivable management
- Accounts payable management
- Reconciliations (Banks, Inventory, Payroll, Income, Etc.)
- Cashflow management
- Accounts Clean-up and Year End Journal Adjustments
- Financial Statement Preparation and Reporting
- Excel schedules and workings to support the financial statements
Accounts receivable management
Allowing us to manage the accounts receivable function can positively impact the cash flow of your business. Our efficient accounting and reporting enable stronger and timely follow-ups of outstanding invoices, thereby enabling your organization to acquire better control over the outstanding invoices.
- Customer Profiling and Ledger Creations
- Invoice preparation (Proforma/Final)
- Taking approval from the customer
- Recording and Accounting the Invoice
- Issuing and Accounting credit memos/refunds
- Accounting bank receipts to customer accounts
- Reconciling customer ledgers
- Maintaining subsidiary receivables ledger
- Preparing accounts receivable reports
Accounts payable management
Sharing the accounts payable function with us enables your organization to process payables very efficiently. It enables you to have complete control over the outstanding payments that are backed by crisps accounts writing and reporting. This in turn helps your organization to efficiently manage the working capital cycle and cash flow.
- Vendor Profiling, Empanelment and Ledger Creation
- Purchase/ Work Order Creation
- Invoice Acceptance and Recording
- Issuing and accounting debit notes/ short payments
- Accounting bank payments to vendor accounts
- Reconciling vendor ledgers
- Preparing accounts payable reports
Global reporting of financial statements
It is important to keep up with the legal and regulatory frameworks and failing to do so can lead to misrepresentation of the financial statements, fines and other legal consequences. It is important to ensure that every transaction is processed in line with local regulatory best practices and global business requirements. Our team of experts will ensure that the financial statements of your organization are always in line with IFRS and US-GAAP reporting standards.
CFO services
A CFO is critical to any organization in order to ensure that all financial decisions are backed by planning, data and risk analysis. Hiring a full time CFO can disproportionately magnify budgets. Therefore you can appoint us to manage your finances and at the same time keep the cost in check. We can provide you with a part time/ interim Chief Financial Officer (CFO) who shall assume the responsibility of completely managing your organization’s finance function. Our solutions are very cost effective and problem-centric, at the same time, linked with measurable execution.
- Business Strategy and Governance
- Routine Finance function management
- Financial MIS preparation and presentation
- Audit support
- Cash flow planning and management
- Budgeting and forecasting
- Existing and new business project evaluation
- Transaction advisory
Management information services
Our management reports comprehensively cover all the micro and macro level indicators that will assist the senior management of the organization in decision making, coordination, control and analysis. We can build insight reports, run analyses and deliver predictions.
Our team of experts will also help you to get the real insights of your business using a combination of their experience from multiple geographies and statistical data.
Our team will work with all the key stakeholders in the organization and identify the right set of KPIs that are required to be measured.
Our reports will help you in identifying the business areas that have a scope for growth or improvement, thereby helping you in unleashing the full potential of your business. Our reports are in an easy to use format with graphical representations and are designed in such a way that they help in inculcating the habit of timely reporting.
Why Shared Services ?
For any global enterprise that operates in an ever dynamic environment, cost optimization is the key to success and that’s where adopting a Shared Services model can become invaluable. India is a mine of efficient resources available at a reasonable cost and this can be leveraged to reduce resource costs considerably.