Procurement Outsourcing Finance and Accounting Services

• Procure to Pay
• Order to Cash
• Plan to Result
• Financial Analysis & Management
• Treasury & Tax

Guaranteed 30% cost reduction from day one of engagement

Another productivity improvement of 10-20%

Six-Sigma methodology institutionalized

Flexible and proven delivery methodology

Leveraging Global Collaboration Model

Faster turnaround time

 Well defined quantifiable quality and process metrics

Our service portfolio includes –

• Fixed Assets Accounting
• Inventory Management
• Cash Book
• Bank Book
• Account Reconciliation
• Client Projects
• Closure of Books
• Group Consolidations
• Financial Statements
  • Income Statement
  • Balance Sheet
  • Cash flow statement & analysis
• Internal MIS and Exception reporting

Product Overview

Fixed Assets Accounting

We provide solutions for Fixed Asset Accounting. This includes rule based Fixed Asset Accounting, Depreciation Accounting, and Reconciliation. The scope includes:

• Asset set up (Capitalization)
• Retirements/Disposals/Write offs/Transfers
• Reconciliations (Sub ledgers are reconciled with GL w.r.t. capitalization/retirement/transfer of assets, etc.)
• Calculation of Depreciation/ Amortization as per GAAP and passing of journal entries
• Physical inventory processing and asset tag assignment
• MIS (like Fixed Assets Register, Variance Analysis – Budget vs. Actual Capital Expenditure, etc.)

Account Reconciliation

The objective is to reconcile two set of statements and highlight the variance to the management. We ensure enhanced controllership and compliance through reconciliation of all balance sheet account categories by providing end-to-end offering which include:

• Matching General Ledger balances with independent source
• Identifying unmatched items and researching on them
• Passing journal entries to resolve unmatched variances
• Reporting on reconciliation status, and status on open items
• Covering all reconciliations (E.g. Bank, Inter Branch/Location, Inter Company, Payables, Receivables, Tax, Inventory/Stock reconciliations, etc.)

Closure of Books

We offer end-to-end closing of books including consolidation of Subsidiary Ledgers & General Ledgers, generation of Trial Balance (both at business segment and corporate level), and submissions to the corporate offices. The scope included the following services:

• Review and assessment of current/prior accruals and fresh assessments of accruals
• Clearing of suspense account
• Creating manual journal entries
• Closing stock or inventory valuation
• Inventory accounting
• Foreign exchange transaction accounting
• Maintenance of General Ledger
• Designing chart of accounts
• Monthly/Quarterly/Annual closing
• Analyze and review of aged items/pending issues

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