Finance and Accounting Outsourcing
Procure to Pay
Vendor Management
Complete Vendor master data management from Onboarding to payment processing
Invoice Processing
In-house Capability of PO and NON-PO invoices, with and without GST (Domestic and foreign)
Help Desk Support
Answering queries (phone, email, vendor portal) pertaining to payment, and account statement, complains and feedback- both from Vendors and commercial team
T&E Management
Managing employee expenses (boarding, lodging, conveyance, entertainment and airfare) both through Concur and non-concur (for some regions), also through KDS
Payment Run
Managing 3000+ payments/month, via scheduled and adhoc payments, through fund transfer, debit from Bank (authorization through portal), BACS and CHAPS- to vendors, employees, contractors, Agents
Payment Reconciliation
Vendor account and GRIR reconciliation in place (fortnightly/monthly/quarterly), Also GRN reconciliation.
Report and Control
SOX controls in place, payment blocks and removal through standard DOP, cleanup activities such as POs with zero value, inactive vendor accounts, unclaimed expenses by employees (after time tolerance)
In-house Procurement portal and Invoice Processing Workflow
Exposure of deploying workflow/case management tools such DMS, Omni flow, AP TRAC, Hiperos, BPACK, reidsoft, digital cockpit.
Order to Cash
Order Management
In-house team available equipped with niche experience in order management, order fulfillment, cancellations, refunds, deductions, complaints and resolutions
Customer Master
A complete range of customer on boarding including credit, health check, KYC verification and updating the ERP including 3rd party verification
Cash Application
ACH, wire transfer, Bank remittances and statements, secured RSA token to login to bank websites downloading receipts and auto applications- success rate 90%. Also OCR is in place to pick details from PDFs/images of payment advices from customers and apply cash in SAP or any other ERP
Collections
Complete cycle of collection and keeping a track of all our aging bucket, recording conversations with customers and embedding into ERP, recording minutes of the call in ZCNOTES (SAP) & ERP, BW (SAP NETWEAVER Portal) in place which is integrated with SAP for overall AR/outstanding, DSO, dunning etc.
Customer Help Desk
Answering queries (phone, email, Customer portal) pertaining to customer outstanding, complains and feedback- both from customers and sales team
Bank Reconciliation
Daily Bank Rec in place, between bank statements and books of accounts, followed by bad debts provision
In-house Auto application platform
OMNIFLOW and HIGHRADIUS
Record to Report
- GL Accounting & Reconciliation-End to end reconciliation platform from creating journal entries, provisions, book closure, approvals and uploaded reconciliation statements
- Intercompany Accounting- End to End Interco transactions including Netting also leveraging SAP (FAGLL 03)
- Fixed Assets Accounting- Experienced team of resources managing end to end fixed assets accounting including asset addition, transfer, retirement, depreciation and Inventory management
- Customized compliance In-house tool for reconciliation and Reporting
FP&A
- Segmental Reporting-End to controlled system with P&L analysis with different segments like SMG&A (Selling, marketing general & administrative cost
- Cost Benefit Analysis- Overall cost analysis with favorable and unfavorable comparison to Budget/Forecasting
- MIS & BI Reporting-Preparation of actual dash board and reporting with one click solution with In - house tools
- Planning, Budgeting & Forecasting-End to end Trend analysis with cost managers/legal entity/controllers & finance managers for a proper Planning and budgeting followed by forecasting trend, with fluctuation analysis
- Financial statement - Complete control on preparation and analyzing financial statements and financial reporting task
RPA implementation
Data Interaction between Systems
Analytics
Data Analytics, Business Intelligence, Data Visualization & Reporting
Strategy
- M&A support and due diligence
- Pricing and solution
- Product mix analysis, product wise profitability
- Cost optimization
- Treasury management and long term funding
- Make or buy decision