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© 2010 IBN Technologies Limited. All rights reserved.
Finance and Accounting Services
ISO 9001:2008 Company
Mission Statement
“IBN’s mission is to be recognized within the
industry as a global service provider of
offshore services...
www.ibntech.com
IBN Credentials
 One of the upcoming outsourced shared services organization rendering services to CPA / ...
Industry standard facilities at strategically located premises in Pune ensure the best
services. For smooth running of IBN...
www.ibntech.com
IBN F&A Service – Accounting Firm (UK)
Accounting & Business Support
Accounting Support, Financial Analysi...
www.ibntech.com
IBN F&A Service – CPA Firm (USA)
Accounting & Business Support
Accounting Support, Financial Analysis, Pro...
www.ibntech.com
Data Management
Method 1 - Remote Desktop
 Data and Software resides at client system only and we access ...
www.ibntech.com
Method 2 - Offshore Processing
 Client uploaded the data at Secured Online Data Management System for dat...
www.ibntech.com
Transition Phases
Initiation
Client
IBN Offshore Team
* Onsite IBN Coordinator
(If Required)
Knowledge
Tra...
www.ibntech.com
Offshore Communication
E-mail Telecon
Client
CRM
IBN Team
Onsite Coordinator
(If Required)
Offshore Team
(...
 Low Cost of Ownership
 Dedicated Team of Qualified and Certified Professionals
 Dedicated 24/7 IT Professionals
 Full...
 Registered member of ESC (Electronic & Computer Software Export Promotion Council) sponsored by
Government of India.
 R...
Head Office
IBN Technologies Limited, Crystal Corporate, 3rd Floor, Kondhwa-Bibwewadi Road,
Bibwewadi, Pune – 411037, Maha...
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F&a service profile oct2010

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Transcript of "F&a service profile oct2010"

  1. 1. © 2010 IBN Technologies Limited. All rights reserved. Finance and Accounting Services ISO 9001:2008 Company
  2. 2. Mission Statement “IBN’s mission is to be recognized within the industry as a global service provider of offshore services ranging from Back Office Services in Investment Management and Financial Accounting sectors to IT sector with high quality and control.” Vision Statement “IBN’s vision is to become the most sought after multi service provider by way of consistency in delivering quality and value multiplying services within the constraint of time and capital under the arc of compliance to regulations concerned.” IBN Overview www.ibntech.com  IBN Technologies Limited is an ISO 9001:2008 Company that has been providing high value-added IT/ITES business services & solutions to organization of all sizes.  IBN was founded by Ajay Mehta in 1999 as a privately held IT Company that specialized in Software Resources and Technologies.  The early mission of IBN focused on rendering Application Development & Network Management Services.  In 2004 IBN ventured in BPO service space by offering Finance & Accounting Services, Back & Middle Office Services to Hedge Funds & FOF and other BPO Services to Travel Sector.  Headquartered in Pune, India which is well known as “Oxford of the East”. IBN has its marketing offices in UK and USA.  IBN team consists of 75+ Certified Professionals like Graduates/Post-Graduates /CPAs/CAs /CFAs /CMAs/Microsoft Certified Professionals with diverse experience in field of Accounting, Finance, Investment, IT Software & Technologies.
  3. 3. www.ibntech.com IBN Credentials  One of the upcoming outsourced shared services organization rendering services to CPA / Accounting Firms & Corporate houses  A tier II supplier in US and UK and one of the very few true end-to-end Finance & Accounting service providers to CPA / UK Accounting Firms and SMEs.  Registered STPI unit with Software Technology Park of India (STPI) – Pune, a government of India’s set up for IT-Enabled Sector (BPO).  Registered member of NASSCOM. Strengths  ISO 9001:2008 Company  Located in Pune which is also known as “Oxford of East” with more than 1000 colleges and institutes providing strongest density of Graduates and Post Graduates.  Dedicated 24*7 IT Professionals’ team supporting BPO operations, standby servers, 200% power back up and redundant data and telecommunication links. Industries  Alternative Investment (HF/FOF)  Investment Management Co  US CPA Firms  UK Accounting Firms  Travel Companies & Tourism Corporations  Manufacturing & Retail. Services  Finance & Accounting  Back & Middle Office Fund Administration  Quantitative Analysis  Application Development,  Software Solutions like CRM , ERP, Trade & Retail Mgmt System, Portfolio Mgmt, and Online Travel Management. IBN Capabilities
  4. 4. Industry standard facilities at strategically located premises in Pune ensure the best services. For smooth running of IBN’s Delivery center a dedicated Administrative/ Technical team ensures 100% uptime.  24 hours Power Supply with UPS and Genset backup  Redundancy with Multiple ISP for internet connectivity  Documented security procedures  24 x 7 guarded entrance and escorted entry to server room and staging areas Development / Delivery Facility Backup/Security Facility  RAID and USB Hard Drives On-site & Off-site  Black ICE / ISA Security Systems Implemented  Closely follow CERT recommendation for Security and Back up implementation. Hardware/ Technical Setup  Bandwidth – 4 MBPS ILL with 8 MBPS x 4 Redundant broadband link  Servers – High end servers Dual Processor server for application and database  Management with Windows 2003 and Red Hat Linux system with necessary remote Management & Reporting Tools  Dedicated P4 machines with Required Application and Tools installed  VOIP Support – US & UK dialing  100/1000 MPBS LAN  Cisco, DAX and Net Gear Routers  Intel and D-link managed Switches www.ibntech.com IBN Offshore Center
  5. 5. www.ibntech.com IBN F&A Service – Accounting Firm (UK) Accounting & Business Support Accounting Support, Financial Analysis, Process Governance, MIS, Project Accounting Financial Planning Services Budgeting & Financial Planning Forecasting Reporting Services Analytical Support, Expense/Revenue Allocation, Performance Management, Entity/Regulatory Reporting General Accounting  Book-keeping  General Ledger  A/R & A/P Processing  Fixed Asset Mgmt Treasury & Cash Management  Bank Reconciliation  Cash Flow Statement  Cash/ Treasury Management Employee Payment  Payroll Processing  Employee Tax  Business Expenses Management Others  Finance Reconciliation  Consolidation  MIS Preparation  Inter and Intra- company Finance System Services Maintenance & Support, E-enablement, SOX Compliance, ERP-optimization, Operations & Infrastructure, F&A Shared Service Management Commercial, HR, Service Improvement, Client Management, Service Management Help Desk Team  Current Team Strength of 35+ Professionals with over 7 years of experience  Team of Consultants from various Domains & Industries  Team of Software Consultant Team CPAs/ CAs/ Post-graduates with over 7 years of experience Book-keeping Services  General Ledger  Invoicing  Accounts Payable  Accounts Receivable  Bank Reconciliation  Credit Card Reconciliation  Fixed Assets Management Accounting Services  Financial Statement Preparation  VAT Preparation Cash Flow & Budgeting  Monthly/ Quarterly/ Year-End Preparations  MIS Preparation  Costing Payroll Services  Payroll Processing  Statutory Payments SSP, SMP, SPP  Human Resources Reporting  Time & Attendance Recording  P11, P14, P35, P45 Part1, P45 Part2, P46, P60 Software used  Sage Line 50  IRIS  VT Transaction  Viztopia & other similar Accounting Software www.ibntech.com
  6. 6. www.ibntech.com IBN F&A Service – CPA Firm (USA) Accounting & Business Support Accounting Support, Financial Analysis, Process Governance, MIS, Project Accounting Financial Planning Services Budgeting & Financial Planning Forecasting Reporting Services Analytical Support, Expense/Revenue Allocation, Performance Management, Entity/Regulatory Reporting General Accounting  Book-keeping  General Ledger  A/R & A/P Processing  Fixed Asset Mgmt Treasury & Cash Management  Bank Reconciliation  Cash Flow Statement  Cash/ Treasury Management Employee Payment  Payroll Processing  Employee Tax  Business Expenses Management Others  Finance Reconciliation  Consolidation  MIS Preparation  Inter and Intra- company Finance System Services Maintenance & Support, E-enablement, SOX Compliance, ERP-optimization, Operations & Infrastructure, F&A Shared Service Management Commercial, HR, Service Improvement, Client Management, Service Management Help Desk Team  Current Team Strength of 35+ Professionals with over 7 years of experience  Team of Consultants from various Domains & Industries  Team of Software Consultant Team CPAs/ CAs/ Post-graduates with over 7 years of experience Book-keeping Services  General Ledger  Invoicing  Accounts Payable  Accounts Receivable  Bank/Credit Card Reconciliation Asset Management Payroll Services  Payroll Processing  Payroll Tax Compliance  Human Resources Reporting  Time & Attendance Systems  940 & 941s  W2 & W4 Reporting  Quarterly & Annual Tax Tax Preparation  Individuals – 1040, 1040A, 1040EZ, 1040NR  Partnerships – 1065  Corporations – 1120, 1120S  Fiduciaries – 1041  Non-Profits – 990  Estate & Gift Tax - 706 Accounting Services  Financial Statement Preparation  Cash Flow & Budgeting  Monthly/ Quarterly/ Year-End Preparations  MIS Preparation  Costing  Financial Analysis Bookkeeping Software QuickBooks Peachtree Sage Quicken ERPs Tax Software Intuit’s Lacerte® Ultra-Tax® Intuit’s ProSeries® ATX® Drake Tax® Prosystem FX® Go System®, www.ibntech.com
  7. 7. www.ibntech.com Data Management Method 1 - Remote Desktop  Data and Software resides at client system only and we access the System through Remote Desktop Facility to view and process the data at client side only Receive Data Info Documents are Scanned Server at Client Office with Software & Scan Images of Document Process at Client Office Indian Processing Facility with Dual Monitors
  8. 8. www.ibntech.com Method 2 - Offshore Processing  Client uploaded the data at Secured Online Data Management System for data team access and to process it at IBN’s facility. After completion the data files are uploaded to the online Data Management System and client download the processed data backup from the DMS. All the data loaded to DMS resides on these servers and never leave UK shore. Documents are collected & Scanned Data Management Server at secured location in UK with Scan Images of Document Client Office in UK Scanned documents uploaded at Online DMS Remote Connection to Client System to access software Scan Images are viewed online Process at Client Office Indian Processing Facility with Dual Monitors
  9. 9. www.ibntech.com Transition Phases Initiation Client IBN Offshore Team * Onsite IBN Coordinator (If Required) Knowledge Transfer Transition Steady Phase Client * Onsite IBN Coordinator (If Required) Client * Onsite IBN Coordinator (If Required) Client * Onsite IBN Coordinator can be provided to ensure smooth Transition & Knowledge Transfer. All discussions will be done in person between Client and Onsite IBN Coordinator and in turn between Onsite IBN Coordinator and IBN Offshore Team. IBN Offshore Team IBN Offshore Team IBN Offshore Team Ongoing10-15 Days2-3 Days1-2 Days
  10. 10. www.ibntech.com Offshore Communication E-mail Telecon Client CRM IBN Team Onsite Coordinator (If Required) Offshore Team (IBN Center) Microsoft® Outlook 2007 Microsoft ® Project VOIP Support USA/UK Inbound Number Messenger Skype Yahoo Messenger MSN Google Talk Net Meeting Microsoft Net Meeting Gotomeeting Techinline GoToMy PC Logmein
  11. 11.  Low Cost of Ownership  Dedicated Team of Qualified and Certified Professionals  Dedicated 24/7 IT Professionals  Full Redundancy  Data Security FLEXIBITY IN OPERATIONS INNOVATIONS ECONOMIC & HUMAN CAPITAL ENHANCED CONTROL FRAMEWORK STRATEGIC COMPETITVE ADVANTAGE OPERATIONAL PROVIDING INFRASTRUCTURE RESPONSIBILITY CERTAINTY OF QUALITY WORK PERFORMANCE DELIVERED Provides competitive advantage Provides Strategic Core Competencies Freeing Valuable Resource & Time Enhanced MIS system capability Greatest Possible total returns to shareholders Achieving Client’s Satisfaction Operational Excellence Enriched Resources Adds to core competencies Fluid Operations BUILDING A PARTNETSHIP BETTER OPERATING MODEL CLEAN AUDIT REPORTS REQUIREMENTS FOCUS DECIDE CHANGES BUILDING BLOCKS TO SUCCESS Client IBN www.ibntech.com Value Proposition
  12. 12.  Registered member of ESC (Electronic & Computer Software Export Promotion Council) sponsored by Government of India.  Registered STPI unit with Software Technology Parks of India (STPI) – Pune, a Government of India’s set up for IT-Enabled Sector.  IBN processes are in compliance to standards followed by Industry leaders (Top 10 Indian IT/ITES Companies).  IBN Quality Management Systems are in compliance to ISO 9001:2008 Standards IBN is registered IT vendor of CMC Limited, a subsidiary of TCS Company which is one of the world’s leading IT Consulting and Service provider. IBN is registered ESC Member. ESC is sponsored by Government of India. IBN is registered STPI Unit. STPI is a society set up by the Department of Communication & Information Technology, Government of India in 1991. IBN is registered Member of NASSCOM which is premier trade body and the chamber of commerce of the IT-BPO industries in India www.ibntech.com Recognition
  13. 13. Head Office IBN Technologies Limited, Crystal Corporate, 3rd Floor, Kondhwa-Bibwewadi Road, Bibwewadi, Pune – 411037, Maharashtra. INDIA T: +91 20 2426 4182 / 83 F: +91 20 2426 4184 E: info@ibntech.com London Office: Mirabelle House, 26, Barclay Road, Croydon, Surrey CRO 1JN. London. UK T: +44 20 3129 8807 F: +44 20 7022 1713 E: info@ibntech.co.uk Contact Us Thank You © 2010 IBN Technologies Limited. All rights reserved.www.ibntech.com
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