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 .
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
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
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
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
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
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
Timely assurance on management control
frameworks A ccounts Receivable/Payable
management and analysis
Fixed asset accounting & management
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
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
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
Registration under KVAT and CST rules
Preparation of VAT monthly and annual returns
Liaison with auditors for VAT audit
Filing half yearly returns
Maintenance of Service Tax registers
Liaison with departments, attending to assessments and notices
Filing claims for refund of service tax
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
Maintaining Board Meeting Minutes
Maintaining Annual General Meeting Minutes
E-filing of all returns
Maintenance of Statutory Register
Formation of private limited and public limited companies
Conversion of private /public limited companies to/from private/public limited companies
Assistance in clearance of import/export goods with/without
Clearance under EPCG matters
Duty draw back claims assistance
Compliance with Labour Laws w.r.t PT, PF, ESI
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
All employees are easily accessible and can be reached on their
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
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