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Soais Profile Local[2]
 

Soais Profile Local[2]

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    Soais Profile Local[2] Soais Profile Local[2] Presentation Transcript

    • CORPORATE PROFILE SOATECH , the process arm of SOAIS is a full fledged service firm, offering services in the areas of Book Keeping, Accounting, Payroll, Finance, Budgeting, Compliance and Consulting . It was set up in the fall of 2007 and since inception has expanded smartly with offices in Chicago, Bangalore and Delhi . SOATECH has a cumulative experience of over 50 years in F&A services backed by Chartered Accountants, Cost Accountants and MBAs with domain expertise .
      • Our Achievements
      • Managed the administrative set up and support of
      • a Nasdaq listed company in India and handled
      • their entire gamut of F&A services.
      • Provided back office US QuickBooks Accounting
      • services to a leading BPO firm in the US , resulting
      • in substantial process improvements and lower costs.
      • Managed the compliance reporting functions for
      • one of the largest airlines in India.
      • Managed the F&A functions of a large BPO which
      • was migrating to SAP, during the transition phase.
      • Managed the feasibility study for a large glass
      • manufacturer for setting up factories in India.
      Client Speak “ Everything that we could've ever asked for, SOAIS delivered . Their commitment to excellence and customer satisfaction is unmatched, and their final product speaks for itself.” – Large Manufacturing Firm Administration Payroll Book Keeping B Online A Overnight P
    • WHY US ? Team Structure CLIENT CLIENT CLIENT Delivery Manager Exec 1 Exec 2 Exec 3 Exec 4 Our team is structured in a manner which allows for maximum flexibility with minimum risk of disruption caused by attrition. Each delivery manager is assigned to 3-4 clients max. depending upon the scope and size of the engagement. Each delivery manager has 4-5 accounts executive reporting to him/her, at 80% utilization. This allows the team to adhere to the TAT norms laid out under the SLA agreements, even during peak months. The executives are also rotated and trained on a periodic basis to ensure that their skill sets are up to the mark. Employee Speak Vision to be a one-stop Solution provider in Finance & Accounting with exemplary service record Backed by Chartered Accountants, Cost Accountants and MBAs with over 50 years exp. in Consulting & implementation Verifiable client base with high percentage return customers “ SOAIS provides me the right set of tools and resources to carry out my duties well. Its emphasis on articulation, attention to detail and learning resources is what sets it apart from other organizations of similar size and stature. Its job rotation policy also aids in making the job interesting as there is always something new to learn” – Nihar S. Sahoo
    • CLIENT LIST
    • BENEFITS OF OUTSOURCING Now that we have deliberated on our people, process and clients, let us give you a brief of the benefits of engaging us as your service providers. We hope you find the information useful. Benefits
        • Save up to 40% of your time spent on non core
        • housekeeping activities
        • Reduce your cost and dependence on
        • vendors and expensive infrastructure through our web
        • enabled 24/7 monthly subscription services
        • Alleviate your fears of disruption through our
        • continuity assurance protected by SLA’s.
        • Avail of 24/7 on demand services for viewing reports
        • Get regular updates on important regulatory changes
        • Stringent security measures such as ISO certified
        • mirror servers and NDA norms for data security
        • Complete ownership of your transaction related
        • processes including AP/AR with periodic reports
        • Give a boost to your reporting efficiency by 25% by
        • focusing on your core activities and centralizing your
        • non core activities for better comparison and retrieval
      • Ask Yourself
      • Do I spend a lot of time housekeeping and firefighting?
      • Do I find it difficult to manage deadlines?
      • Do my core activities suffer because of my other
      • engagements?
      • Do I find it difficult to receive my dues in time?
      • Is purchasing an expensive software upfront the solution or
      • are there other alternatives available?
      • Do I have an on demand financial snapshot of my corporate
      • transactions available?
      • How can I manage continuity without the fear of disruption
      • caused by attrition?
      • Do I have access to comparative reports to asses and plan
      • deployment of further resources?
      • What is the solution for increasing efficiency while
      • maintaining the existing cost structure?
    • DELIVERY METHADOLOGY Due Diligence Identification of service requirements Development of an implementation frameowrk after identification of risks, training requirments and service level support Conducting pilot studies and test runs Process Documentation (Which includes Goals, milestones And support) SLAs and Agreement sign off Implementation And live run MNCs/Large Enterprises 1 st month 2 nd month 3 rd month SMEs/SMBs 1-2 weeks 2-3 weeks 4 th week
    • SERVICES - PAYROLL Modular online payroll services based on open source technologies
      • What it saves you?
      • Truckloads of paperwork
      • High overheads on infrastructure
      • Complexity of managing systems
      • Burden of managing multiple vendors
      • A lot of time spent on manual processes
      • Support costs and bugs
      • A high level of involvement
      • High cost of enterprise software's
      • What it offers you?
      • Web based 24/7 access
      • Ease of scalability for any number of users
      • Minimum integration challenges
      • Regular updates and helpdesk support
      • Highly customizable friendly to use interface
    • How is it better and different ? SERVICES - PAYROLL - - - - Easily integrated with other enterprise applications Highly customizable and interactive user interface Workflow enabled user access with rules Data tracing and forecasting ability Integrated modules from Induction to Payroll Structured division of functional fields Automates generation of forms and calculations Web Enabled Access SOAIS Conventional Core Parameters
    • SERVICES - ACCOUNTING
      • Setting up the accounting functions and internal
      • control framework for start up organizations
      • Book keeping and accounting functions relating to
      • cash and bank, accounts payable and receivable,
      • general ledger and fixed assets
      • Appraisal of operations, accounting controls and
      • internal controls
      • Timely assurance on management control
      • frameworks A ccounts Receivable/Payable
      • management and analysis
      • Reconciliation services
      • Fixed asset accounting & management
      • Budgeting/Forecasting
      • MIS reporting
      • Financial Statement preparation
    • SERVICES – ACCOUNTS STAFFING Vanilla SOAIS identifies talent from market based on company specifications Company interviews candidates, selects desired one’s and roles out an offer SOAIS paid for it’s services after candidate has joined the company Ownership Company describes it’s requirements and SOAIS identifies, trains and places the candidate on site Ownership and risk of the entire function rests with SOAIS with SLAs attached SOAIS responsible for continuity, on going training and hiring to support function Hybrid Company describes it’s requirements and SOAIS devises an on-site and offshore structure Framework and deliverables are agreed upon and set, post which implementation occurs Framework monitored and controlled for best performance
    • SERVICES - BPM Powerful budgeting and planning tools to replace cumbersome excel sheets Faster time to answer – Quickly create ad hoc models that answer the most urgent business questions. “What If” scenarios help you develop strategies for future business conditions. Business Insight – Create dynamic charts with a click of a button that shed new light on previously hidden relationships, trends and points of interest. Interactive Presentations – Create powerful interactive presentations that enable strategic decision-making. Easy Integration – Integrate models with existing matrices, spreadsheets, databases and all types of business applications via an easy-to-use Data link wizard. Greater Transparency – Gain insight into your models with plain language formulas, the dependency inspector and audit trail. Enhanced Control & Security – Be confident that models are shared securely with user roles, permissions and multi level security. Drag and Drop Pivoting – Pivot matrices, tables and charts with simple drag and drop functionality.
    • SERVICES - BOT Helping you kick start your operations in India under Build Operate Transfer model
      • Advising companies on tax laws and regulatory framework
      • relating to incorporation.
      • Owning the responsibility of identifying and setting up
      • company premises and negotiating with vendors.
      • Taking care of all legal, regulatory and statutory hurdles
      • relating to the new set up.
      • Owning responsibility of maintaining infrastructure
      • security, payroll, accounting and statutory compliance.
      • Advising company on all maters concerning state laws and
      • taxes.
      • Transferring ownership of operations at a future date
      • depending upon company requirements.
    • SERVICES – OFFSHORE BOOK KEEPING AND PAYROLL Helping you reduce your cost by offshoring your Quick Book accounting and payroll
      • Acting as your overnight back office partner helping you
      • double your delivery time and reduce your overheads
      • Qualified and well equipped staff with quick book
      • certification equipped to handle coding, posting, AR/AP
      • Each member of the delivery team equipped with dual
      • monitors to increase efficiency and reduce billable time
      • Staff trained in IFRS and equipped to handle IFRS
      • compliance as well.
      • Offshore payroll processing including calculation of
      • taxes such as SST, MT, PT and other withholding taxes
      • Other payroll related functions including tracking due
      • dates and payments, filing of federal tax forms,
      • calculation of voluntary deductions, addressing queries
    • SERVICES - COMPLIANCE
      • Statutory audit
      • Assistance in preparation of annual financial statements
      • with schedules, cash flow statements
      • Back up papers for Notes to Accounts calculations
      • Compliance with disclosure requirements under accounting standards
      • Liaison with auditors
      • Tax audits and other tax matters
      • Assistance in preparation of Form 3CD with annexures and schedules
      • Computation of total income under Income Tax and Wealth Tax acts
      • Return of Income / Wealth tax preparation
      • Formulation of Transfer Pricing guidelines for arm’s length prices
      • Preparation of transfer pricing documentation, and Form 3CEB
      • Fringe benefit taxes computation
      • Preparation and filing of quarterly ETDS returns
      • Preparation of tax withholding certificates
      • Computation of advance payment of FBT and IT
      • Computation of Minimum Alternate Taxes
      • Securing PAN and TAN
      • Securing lower TDS rates certificates
      • Registration of Trusts, securing 80G exemption
      • VAT
      • Registration under KVAT and CST rules
      • Preparation of VAT monthly and annual returns
      • Liaison with auditors for VAT audit
      • Service Tax
      • Securing registration
      • Filing half yearly returns
      • Maintenance of Service Tax registers
      • Liaison with departments, attending to assessments and notices
      • Filing claims for refund of service tax
      • STPI
      • Securing registration under EOU/STPI/EHTP
      • Filing of monthly / quarterly SOFTEX forms
      • Preparation of Annual Performance Reports
      • Obtaining CT3 certificates
      • Bonding/de bonding of goods/premises
      • Companies Act
      • Maintaining Board Meeting Minutes
      • Maintaining Annual General Meeting Minutes
      • E-filing of all returns
      • DIN compliance
      • Maintenance of Statutory Register
      • Formation of private limited and public limited companies
      • Conversion of private /public limited companies to/from private/public limited companies
      • Customs Matters
      • Assistance in clearance of import/export goods with/without
      • duty concession
      • Clearance under EPCG matters
      • DEPB Matters
      • Duty draw back claims assistance
      • Compliance with Labour Laws w.r.t PT, PF, ESI
      • Securing registrations
      • Monthly/Quarterly/Annual form filing
      • Handling of assessments
      Import Export Code – Application, preparation and securing of IEC FEMA act, RBI Rules/Guidelines – General Advisory Services
    • PATNERSHIPS N TH D IMENZION Financial & risk modeling solutions SaaS based online budgeting solutions XBRL Reporting & IFRS conversion Web enabled enterprise planning solutions
    • INFRASTRUCTURE AND SECURITY
      • 4000 sq. feet office space situated in the heart of Bangalore.
      • High speed broadband connectivity.
      • 65 seater office space with modular furniture and workstations.
      • Individual access to desktops for all employees and laptops for
      • managers.
      • All employees are easily accessible and can be reached on their
      • cell phones.
      • Modular work timings allow work load to increase without any
      • space or capacity constraints.
      • Stringent security measures for employees entering premises.
      • Employees not allowed any camera phones, USB sticks or any
      • storage device inside the work station area.
      • Different areas earmarked for different clients with restricted
      • entry to others.
      • Key account managers assigned for all accounts, overseeing
      • security measures and escalations if any.
      • Business mails tracked regularly to ensure there are no security
      • breaches.
      • Stringent confidentiality agreements signed by employees as well
      • as contracting parties.
      • Restricted access to online storage sites.
      • Paperless office, employees not allowed to carry papers to
      • workstations dedicated to clients.
    • NEXT IS WHAT ? We hope you have enjoyed browsing through our presentation and have a better understanding of our capabilities and services. To discuss how we can help you reduce your costs and improve your turnaround time, please drop us a mail at [email_address] with your contact details and nature of services desired by us. Following this, we would set up a date and time for an appointment to understand your requirements in more details. Thanks & Regards, Gururaja Upendra SOA IS Technology Driven Outsourcing Accounting - Payroll - Compliance Direct: +91 80 40494522 Cell: + 91 9880243025 Email: [email_address] Corporate Office: SOA Software Services Pvt. Ltd. Unit 9, Level 5, # 406, 2nd Floor, Navigator, I.T. Park, 9th Cross, 2nd Blck Whitefield Road, R.T. Nagar, Bangalore - 560066, Bangalore - 560032 India India Join the India Finance Community at: www.indiafinance.ning.com