finance & accounts outsourcing
TRANSCRIPT
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FINANCE &
ACCOUNTING OUTSOURCING [ FAO ]
FINANCE &
ACCOUNTING OUTSOURCING [ FAO ]
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q 40-55% LOWER THAN IN-HOUSE F&A q CHEAPER ACCESS TO TECHNOLOGY & TALENT
q REDUCED DEPLOYMENT TIME FOR TECHNOLOGY AND PROCESS
q ACCESS TO BEST F&A PRACTICES
q COST CONTROL USING ANALYTICS q BETTER TURN AROUND TIME q REDUCED DEFECT RATES
q BUSINESS INTELLIGENCE REPORTS q ALARM GENERATION FOR TIMELY
ACTION q MULTILAYER REVIEW SYSTEM
FAO VALUE proposition FAO VALUE proposition Low OWNERSHIP COST
FASTER PAY BACK PERIOD
ENHANCED EPS
FRAUD DETECTION
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Outsourcing NEED
Outsourcing NEED
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SMALL TO MEDIUM SIZED BUSINESSES
MONEY ON FINANCE & ACCOUNTING departments
FEEL THE PAIN FEEL THE PAIN OF SPENDING OF SPENDING
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FORCED TO FORCED TO SPEND FUNDS SPEND FUNDS
BECAUSE OF THE EXPERTISE AND DEPTH OF EXPERIENCE REQUIRED WHICH COVERS
VITAL SERVICES LIKE
ACCOUNTING REPORTING COMPLIANCE
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And still And still Suffer from Suffer from Low F&A maturity: manual & broken processes Resource constraints Cash flow issues Lack of robust technology
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THE SOLUTION OUTSOURCING TO OFFSHORE BENCH
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MARKET LEADER 55% SHARE OF GLOBAL SOURCING MARKET
COST COMPETITIVE
3-4X CHEAPER THAN US TALENT CAPITAL
>5 MILLION GRADUATES >3 MILLION WORKFORCE
STRONG ECOSYSTEM
43 TIER II/III CITIES MATURITY
USD 118 BILLION INDUSTRY
SOURCE: NASSCOM
INDIA’S OUTSOURCING CREDENTIALS: INDIA’S OUTSOURCING CREDENTIALS:
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MANAGED BY EX-BIG4 CHARTERED ACCOUNTANTS TEAM’S COMBINED EXPERIENCE OF MORE THAN 100 YEARS STRONG INDUSTRY KNOWLEDGE FOCUSING ONLY ON SMEs
YOUR PREFERRED OUTSOuRCING
PARTNER
OFFSHORE BENCH
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STARTUPS
SMALL TO MEDIUM ENTERPRISES
PRIVATE EQUITY FUNDS
ACCOUNTING FIRMS
OFFERING SOLUTIONS TO
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ACCOUNTING PAYROLL
REPORTING COMPLIANCES
SPECIALIZATION IN COMPLETE FINANCE
OUTSOURCING FROM
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PROCURE TO PAY -VENDOR DATA MAINTENANCE -INVOICE PROCESSING & PAYMENTS -VENDOR RECONCILIATIONS
ORDER TO CASH -ORDER CREATION -INVOICE GENERATION & PAYMMENT COLLECTION -CUSTOMER RECONCILIATIONS
RECORD TO REPORT -ACCOUNTING AND RECONCILIATIONS -FINANCIAL PLANNING & ANALYSIS -MIS REPORTING
FINANCIAL STATEMENTS -STATUTORY FINANCIAL STATEMENTS -PERIOD END REPORTING (MONTHLY, QUARTERLY) -TAX REPORTS
PAYROLL -PAYROLL ADMINISTRATION -TAX & STAT COMPLIANCES -ADMIN SUPPORT
AUDIT ASSISTANCE -PREPARATION OF SCHEDULING & WORKING PAPERS FOR AUDITORS -EXPERIENCED CAS WITH GAAP & IFRS KNOWLEDGE -QUALIFIED TEMP STAFF FOR SHORT ASSIGNMENTS
PERSONALISED DASHBOARDS -BUSINESS INTELLIGENCE TOOLS -REPORTS TO TRACK & MONITOR PERFORMANCE -DELIVERED THROUGH MOBILE APP
FINANCIAL PLANNING -INCOME STATEMENT ANALYSIS -BALANCE SHEET/CASH FLOW ANALYSIS -BUDGETING
WITH A WIDE ARRAY OF SERVICES
WITH A WIDE ARRAY OF SERVICES
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COMBINING COMBINING
MANPOWER PROCESS TECHNOLOGY
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KAPIL NIRAV NIMISH
CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED ACCOUNTANT & LAWYER
ALUMNUS OF DELOITTE
CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED ACCOUNTANT & COMPANY SECRETARY
ALUMNUS OF DELOITTE
CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED ACCOUNTANT & COMPANY SECRETARY
ALUMNUS OF EY & PWC
CORE TEAM CORE TEAM
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Qualified Chartered Accountants
Commerce Graduates
And an ops team of 50+
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PROCESS PROCESS
Client Team
Controller (IBA Team)
Accountants
Invoice Payments Leases Contracts Sales Order Requests Payroll questions etc.
Scan & Email Ticket
Payments/Cash flows Management Reports Board pack Regulatory Fillings (Review by external
accounting & fax/auditor)
Timesheet
Quickbooks/ Xero
Docs
INDIA
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AUTOMATE WORK FLOW
COMMUNICATE WITH STAFF, VENDORS, CLIENTS
TRACK COMPLETE STATUS
ASSIGN, RESOLVE AND MOVE ON
CLOUD BASED ‘TICKETING
SYSTEM’ TO
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SECURED CLOUD infrastructure TO DRIVE EFFICIENT AND ROBUST FINANCIAL DISCIPLINE
SECURED CLOUD infrastructure TO DRIVE EFFICIENT AND ROBUST FINANCIAL DISCIPLINE
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INITIATION MIGRATION IDENTIFICATION
PLANNING
PREPARATION
KNOWLEDGE TRANSFER
PARALLEL RUN
GOLIVE
RISK MANAGEMENT THROUGH SEAMLESS MIGRATION
RISK MANAGEMENT THROUGH SEAMLESS MIGRATION
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50% 50% CLIENT X BASED OUT IN US
CLIENT Y BASED OUT IN SINGAPORE
CLIENT X BASED OUT IN SWITZERLAND
CLIENT A BASED OUT IN AUSTRALIA
AVERAGE SAVING IN COST
52%
38%
45%
50%
46%
MORE THAN MORE THAN SAVING BUSINESSES SAVING BUSINESSES
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AUSTRALIA
USA
UK
ARGENTINA
INDIA
SWITZERLAND
PHILIPPINES
OUR CLIENTS OPERATE ACROSS MULTIPLE ENTITIES AND OVER MULTIPLE COUNTRIES
OUR CLIENTS OPERATE ACROSS MULTIPLE ENTITIES AND OVER MULTIPLE COUNTRIES
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NO COMPROMISE NO COMPLICATIONS
NO WORRIES
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NEW DELHI B 9 GREEN PARK MAIN
NEW DELHI-110016 TEL: +91-11-46021550-46021552
NEW DELHI 403, THE COURTYARD, DLF PLACE SAKET, NEW DELHI 110017 INDIA
FOCUS ON YOUR BUSINESS & LEAVE THE REST TO US
OUTSORCE WITH
WWW.OFFSHOREBENCH.COM
MUMBAI Suite 1108, Level 11-1102, Peninsula Business Park,
Tower-B, S.B Road, Lower Parel, MUMBAI-400053