Business Model Canvas (BMC)- A new venture concept
New service announcement – offshore accounting & payroll services, june 2013 edition
1. Intuit Management Consultancy
www.intuitconsultancy.com
New Service Announcement – Offshore Accounting & Payroll Services
Surge in technology, virtual offices, new risks and challenges in today's business environment and
the growing issue of finding highly skilled talent has made outsourcing non-core tasks inevitable for
companies worldwide. To out-perform competition and optimize profitability, business entities are
looking for outsourcing the financial accounting, payroll processing to ensure optimization of their
resources for higher performance and overall business growth.
Business Process Outsourcing allows you to:
Focus on core activities and business goals Greater efficiency & reliability of bookkeeping
Assurance of the expertise of the outsourcing
company
Maximize productivity and minimize costs (upto
50% or more)
Close your books faster Stay in absolute control & also save valuable
time
Intuit provides competitive outsourcing services to CPAs and Small & Medium Business Enterprises.
Our outsourcing services are focussed to reduce the burden of non-core functions and enable
business efficiency, cost savings, improved time responses to allow clients to concentrate on
maximizing their productivity and profitability without having to add to their staff and support
infrastructure. Intuit offers you outsourced accounting, book keeping services and other business
support services at a cost substantially lower than the cost of doing it in-house.
We maintain highest standards of confidentiality and security to protect client information ensuring
absolute privacy. We work with well known software programs like QuickBooks, Peachtree, Great
Plains, Tally and other popular accounting applications.
Bookkeeping services include:
Monthly Trial Balance, Profit & Loss Account, Balance Sheet
Accounts payable management (vendor bills and payments)
Accounts receivable management (customer invoices and collections)
Bank Reconciliation
Electronic document management
Inventory management
Revenue reconciliation with bank deposits
Payroll Services
2. Intuit Management Consultancy
www.intuitconsultancy.com
Businesses can simplify the payroll process by engaging an outsourced provider to manage the
entire process cost-effectively and efficiently. Our payroll services have the potential to save you
substantial business costs.
Controller Services
A Financial Controller guides companies towards greater efficiency and profits whilst reducing costs
and keeping the company compliant. Many businesses refrain from hiring a Financial Controller to
avoid exorbitant costs. With this role missing businesses may fail to prepare, forecast and analyze
operating budgets.
Intuit’s Controller services provide you with the access to knowledgeable CPA expertise for your
business needs as and when required and can be scaled up during peak periods and scaled down
during off-peak period as per the discretion of our clients.
Our controller services include the following:
Supervision and review of accounting staff’s work
Ensuring all revenue earned and expenses incurred during the particular period are recorded
properly
Fixed asset management
Reconciliation of all balance sheet accounts
Preparation of all adjusting and closing entries
Preparation of financial statements
Implementation of cost-saving protocols and controls
CASE STUDY
The client is an American CPA firm providing accounting services to SME and Large enterprises. They
were finding it tedious to manage their clients accounting function with over 25 clients. The
accounting functions were carried out in a custom based accounting software. The company was
looking for an outsourcing firm and a cloud based solution that could process the accounting work in
a cost-effective and timely manner.
The Solution
Intuit made an approach to study the present accounting system, processes and costs involved in
outsourcing and presented to the CPA firm. A dedicated team of qualified accountants were
engaged and end-to-end solutions were given to the client. The responsibilities included
bookkeeping, MIS, payroll, payables and compliances. The team identified the different types of
procedures involved in the whole process and listed the different kinds of transactions. This led to
reduction in additional costs related to the process. The live run started and is running successfully
3. Intuit Management Consultancy
www.intuitconsultancy.com
with a quicker and accurate turnaround. The ultimate beneficiary were the clients of the CPA firm
who had access to accurate and live data.
The Result
The CPA firm now has a real time accounting and accurate MIS on receivables and payables. On-time
reports on outlet-wise profitability helped the clients re-align its system. The payment cycle
improved drastically due to the speedy processing of documents. The client operational costs
reduced to a great extent by opting for Intuit’s offshore services. Intuit capitalized on the difference
between the time zones of the two countries; India and the USA – to successfully process all the
necessary transactions before the next business day. The CPA firm is extremely satified with the
client delivery along with high level of professional support and delivery system.
For more details please email us at bc@intuitconsultancy.com
For more information on our services please visit www.intuitconsultancy.com