We provide end-to-end bookkeeping, finance and accounting Services and offer outsourcing as a strategic tool to enable you to meet your finance and accounting needs.
No matter how small or big, you are. If you are looking for ways to reduce overhead and focus on your core business, now is the perfect time to make the switch to outsourced accounting.
Finance and accounts outsourcing - (F&A Outsourcing)Rayvat Accounting
About Rayvat: Rayvat Accounting is Finance and Accounts outsourcing (FAO) division of Rayvat Outsourcing.
Mission: Value creation for skilled Indian professionals and bring them at par with their international counterparts.
In today’s ever-changing and competitive world, the Finance & Accounting function is one of the key functions being tracked by management teams to continuously drive high performance and business improvement. Ongoing pressures to optimize business performance have prompted many CFO’s and finance executives to look for new approaches, including outsourcing of the finance & accounting function.
With OATS’ finance and accounting outsourcing functions, you can be assured that your fiscal and regulatory risks are being managed effectively
No matter how small or big, you are. If you are looking for ways to reduce overhead and focus on your core business, now is the perfect time to make the switch to outsourced accounting.
Finance and accounts outsourcing - (F&A Outsourcing)Rayvat Accounting
About Rayvat: Rayvat Accounting is Finance and Accounts outsourcing (FAO) division of Rayvat Outsourcing.
Mission: Value creation for skilled Indian professionals and bring them at par with their international counterparts.
In today’s ever-changing and competitive world, the Finance & Accounting function is one of the key functions being tracked by management teams to continuously drive high performance and business improvement. Ongoing pressures to optimize business performance have prompted many CFO’s and finance executives to look for new approaches, including outsourcing of the finance & accounting function.
With OATS’ finance and accounting outsourcing functions, you can be assured that your fiscal and regulatory risks are being managed effectively
India is today the preferred destination for finance and accounts outsourcing. Beyond the advantage of lower costs, lies India's talent pool of qualified Financial Analysts and Chartered Accountants with domain expertise in every sphere of the financial arena.
Offshore Bench is a professional pool of modern CFO - a perfect mix of finance and strategy creating a virtual environment for your finance department. We consistently anticipates and meets the needs of the clients through effective communication with various functions within the organisations.
We at Offshore Bench, combine finance expertise, manpower, technology & process to provide a comprehensive Financial Outsourcing service to a number of companies.
Accounting firms in the UK use our outsourcing accounting services to get their accounts updated and to reduce their overhead costs and drive business growth.
for more:- www.mindspaceoutsourcing.co.uk/
As your outsourced accounting team we’ll provide you with management of your organizations finance, accounting, bookkeeping, payroll, and advisory services needs.
Through our cloud-based tools, we can deliver a comprehensive, fully integrated financial management and accounting system that can meet the needs of your evolving business today and tomorrow.
As you plan growth strategies for the coming fiscal, expanding customer base in the US will be one of the top items on your agenda.
It is certainly possible to manage US business without having a branch/subsidiary, but things can be a lot more streamlined once you are able to establish your presence in the US.
Financial Services are services which form a broad range of organisations that manage finances of a firm. These include credit card companies, credit unions, banks, insurance companies, accounting service companies, consumer finance companies, stock brokerages, investment, and also enterprises that are sponsored by the government.
Our flexibility helps us, and our clients, be on the cutting edge. We understand that business requires change and working with an outsourcing vendor is a paradigm change for many organizations. We therefore work with our clients to make changes as seamless as possible.
Metreons BPO provides Bookkeeping BPO Services, Offshore Accounting Services, Payroll BPO Services, SMSF BPO Services, Virtual CFO Services, Back Office BPO Services and more other Accounting Services in Australia. For more details visit our or contact us.
http://www.metreonsbpo.com.au/
Converging Miinds, located in the technology capital of India, Bangalore has successfully impacted the business objectives of clients by providing a wide array of customized financial services including
Regulatory (Company registration, FEMA, STPI, Company and Labour Laws)
Accounting
Audit support,
Corporate Finance
Business Planning,
CFO Outsourcing.
Vee FnA offers value added Accounting BPO and Bookkeeping back office solutions. Established in the year 2000, Vee FnA has been helping fortune 500 and small & medium businesses with their financial processing. We promise to derive greater efficiency & reduced costs, assuring companies to offshore/outsource Financial and Accounting process to Vee FnA to tap benefits of quality outputs.
OUR MISSION:
"VeeFnA offers quality and timely service to its clients.
We believe in being an integral arm of our partner company."
Check our Corporate Brochure for the detailed services we offer.
For any further queries, please contact: info@veefna.com
Searching for a perfect outsourced accounting partner? Your search ends here!Bikham Finance
Bikham Finance serves as your perfect outsourced accounting partner. Delivering our clients with comprehensive, the most resourceful and cost-effective accounting services is our top most priority.
Australian Business Register - freedom to increase productivityReckon
This presentation was given by Mark Jackson, ATO, at the Reckon Group Conference held at the Hilton in Sydney between 21-23 August. Find out more at www.ato.gov.au
India is today the preferred destination for finance and accounts outsourcing. Beyond the advantage of lower costs, lies India's talent pool of qualified Financial Analysts and Chartered Accountants with domain expertise in every sphere of the financial arena.
Offshore Bench is a professional pool of modern CFO - a perfect mix of finance and strategy creating a virtual environment for your finance department. We consistently anticipates and meets the needs of the clients through effective communication with various functions within the organisations.
We at Offshore Bench, combine finance expertise, manpower, technology & process to provide a comprehensive Financial Outsourcing service to a number of companies.
Accounting firms in the UK use our outsourcing accounting services to get their accounts updated and to reduce their overhead costs and drive business growth.
for more:- www.mindspaceoutsourcing.co.uk/
As your outsourced accounting team we’ll provide you with management of your organizations finance, accounting, bookkeeping, payroll, and advisory services needs.
Through our cloud-based tools, we can deliver a comprehensive, fully integrated financial management and accounting system that can meet the needs of your evolving business today and tomorrow.
As you plan growth strategies for the coming fiscal, expanding customer base in the US will be one of the top items on your agenda.
It is certainly possible to manage US business without having a branch/subsidiary, but things can be a lot more streamlined once you are able to establish your presence in the US.
Financial Services are services which form a broad range of organisations that manage finances of a firm. These include credit card companies, credit unions, banks, insurance companies, accounting service companies, consumer finance companies, stock brokerages, investment, and also enterprises that are sponsored by the government.
Our flexibility helps us, and our clients, be on the cutting edge. We understand that business requires change and working with an outsourcing vendor is a paradigm change for many organizations. We therefore work with our clients to make changes as seamless as possible.
Metreons BPO provides Bookkeeping BPO Services, Offshore Accounting Services, Payroll BPO Services, SMSF BPO Services, Virtual CFO Services, Back Office BPO Services and more other Accounting Services in Australia. For more details visit our or contact us.
http://www.metreonsbpo.com.au/
Converging Miinds, located in the technology capital of India, Bangalore has successfully impacted the business objectives of clients by providing a wide array of customized financial services including
Regulatory (Company registration, FEMA, STPI, Company and Labour Laws)
Accounting
Audit support,
Corporate Finance
Business Planning,
CFO Outsourcing.
Vee FnA offers value added Accounting BPO and Bookkeeping back office solutions. Established in the year 2000, Vee FnA has been helping fortune 500 and small & medium businesses with their financial processing. We promise to derive greater efficiency & reduced costs, assuring companies to offshore/outsource Financial and Accounting process to Vee FnA to tap benefits of quality outputs.
OUR MISSION:
"VeeFnA offers quality and timely service to its clients.
We believe in being an integral arm of our partner company."
Check our Corporate Brochure for the detailed services we offer.
For any further queries, please contact: info@veefna.com
Searching for a perfect outsourced accounting partner? Your search ends here!Bikham Finance
Bikham Finance serves as your perfect outsourced accounting partner. Delivering our clients with comprehensive, the most resourceful and cost-effective accounting services is our top most priority.
Australian Business Register - freedom to increase productivityReckon
This presentation was given by Mark Jackson, ATO, at the Reckon Group Conference held at the Hilton in Sydney between 21-23 August. Find out more at www.ato.gov.au
Course Project Scenario The Course Project ScenarioIn this c.docxrichardnorman90310
Course Project Scenario
The Course Project Scenario
In this course, you are introduced to a complex project scenario as follows:
You have been assigned to be the project manager for the facility, equipment, and business system upgrade of a call center. This requires:
*moving all existing call center stations to a newer, larger facility;
*installing and testing a high speed, high capacity Wi-Fi network in the new facility;
*upgrading workstations so that they include wireless capability;
*installing a new call center management software; and
*converting a legacy proprietary business system with a CRM application to a new business system.
In this project scenario, time is of the essence. The project sponsor requires that the project take no longer than 6 months to complete. Further, the budget is constrained so that the number of people assigned to the project is very limited and includes the following:
Outside consultants: 2
Project Manager: 1
Business system project lead: 1
Business system implementation team: 3
Wireless system project lead: 1
Wireless system implementation team: 3
Relocation project lead: 1
Relocation team: 2
Workstation project lead: 1
Workstation upgrade team: 2
Outside contractors: Up to five multidisciplinary contractors are allowed in the budget.
Note: The wireless system project lead and the workstation project lead are the same person. Two of the three-member wireless system implementation team overlap with the workstation team. This means that only four resources are available for the wireless system implementation and workstation upgrade (not counting the possible use of contractors). The total resources available to the project include 14 people plus 5 contractors.
In this assignment, you will use this scenario to identify the project requirements, define the project scope using a work breakdown structure (WBS), and define the activities required to produce project deliverables.
Background
MobileGo is a small company that sells prepaid mobile phones in selected markets. Its primary sales and service channel is carried out over the internet and by phone. Sales and service has been supported with a team of 36 customer service representatives in a small building. Customers, accounts, and all business functions have traditionally been managed by a proprietary software application using in-house servers that was contracted out early in the founding of the company. All workstations currently connect to the internet and the internal servers supporting the legacy business system and office applications. This is a problem because the company had to move workstations to different parts of the building as the company has grown (thereby making network wiring out of control). The company has grown 150% over the last 5 years and as a result, the systems, the building, and the overall infrastructure have become outgrown. The company has therefore recognized the need to move to a new locati.
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Gutters are typically installed at a slight downward slope to allow water to flow freely towards downspouts or drains – the downspout being the vertical pipe attached to the gutters. The water is subsequently transported by the downspout to either the ground or an underground drainage system. Maintaining a gutter system that is free of blockages and functional requires regular maintenance.
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2. CONTENTS
S. NO CONTENT PAGE
1. Vision & Mission 3
2. Approach 4
3. Scope of Services 5
4. Proposed Engagement Model 6-7
5. Fee/ Billing Rate Chart 8
6. Process Flow Chart 9
7. Transport Of Information 10
8. Project Meetings 11
9. Reporting 12
10. Complaints Handling 13
11. Quality Practices 14
12. Data Security Practice 15
13. Key Benefits Of Outsourcing 16
14. View of Our Upcoming Facilities 17
VISION & MISSION
www.aerenlpo.com 2
3. VISION
“To Transform Outsourcing Services”
MISSION
“To deliver long term benefits and measurable value to our customers by leveraging
our”:
· Tenets of quality and innovation
· Best People Talent
· Self sustaining processes framework
· Cutting edge technology
· Domain knowledge & expertise
· Highest Level of Security & Confidentiality Measures
APPROACH
www.aerenlpo.com 3
4. · Cost reduction through enhancement of productivity, innovation,
cutting edge technology and best practices
· Hire best talents from ACCOUNTING industry and its development
through continuous education and training program
· Highest standard of quality to ensure defect free services
· Enhancement of total performance through ongoing technology
transformation, process re-engineering and continuous process
improvement
· Flexible and transparent delivery and engagement model
· Enhancing security, privacy and confidentiality
· Robust governance
· Risk mitigation through robust risk management framework
SCOPE OF SERVICES
www.aerenlpo.com 4
5. 1)Weekly/bio/monthly Book Keeping Services
2) Bank Reconciliations
3) GST/VAT
4) Trial Balances
5) Financial statements
For more services, you can visit our website
www.indianmuneem.com
PROPOSED ENGAGEMENT MODEL
www.aerenlpo.com 5
6. (A) HOURLY BASED METHOD
Under this method, we charge as per number of hours spent on the
project.
(B) FULL TIME EQUIVALENT (FTE)/STAFFING BASED METHOD
FULL TIME EQUIVALENT (FTE): It is an engagement model whereby we
deploy the equivalent number of legal experts as the client would
have/had in his country to suit the project needs of the client
company/firm. We charge the client on the basis of number of people
deployed for that particular client.
ADVANTAGES
· A dedicated team of resources (Attorney / Paralegal) and the infrastructure.
· FTE Business Model is your “Virtual Legal Department” in offshore jurisdiction.
· High Flexibility: FTE provides you with high flexibility wherein you can choose work
task for your dedicated recourse and can follow a development cycle customized to
your business project.
· Lowest Possible Cost: The cost is pre-determined giving you project budget
predictability and allows close watch.
· High Project Monitoring: With FTE the client involvement is high with day-to-day
monitoring of the resource. This allows putting benchmarks and easy follow-up.
· IT Chimes Team and Infrastructure: With FTE our client enjoy our expert team
consultancy, project manager’s services and our state of the art IT infrastructure at
1/3rd of the cost in comparison to on-site services.
COST SAVING
COST CALCULATOR FOR BOOK KEEPER (EXP. 1-2 YRS)
www.aerenlpo.com 6
7. Sr.
No.
Personal Cost
Now In-House
(Monthly in USD)
If Outsourced
(Monthly in USD)
A Salary 3,000 1,200
B Benefits 20% of ‘A’ 600
C Insurance 20% of ‘A’ 600
D Associated cost 10% of ‘A’ (Recruitment, Hiring, and Training etc.) 300
E Overheads 35% ‘A’ (Real estate, Infrastructure & support cost) 1,050
Total cost 5,550 1,200
Net savings: 5,550-1,200 = 4,350 per FTE Employee (See Note)
COST CALCULATOR FOR JUNIOR ACCOUNTANT (EXP. 5-7 YRS)
Sr.
No.
Personal Cost
Now In-House
(Monthly in USD)
If Outsourced
(Monthly in USD)
A Salary 6,000 1,750
B Benefits 20% of ‘A’ 1,200
C Insurance 20% of ‘A’ 1,200
D Associated cost 10% of ‘A’ (Recruitment, Hiring, and Training etc.) 600
E Overheads 35% ‘A’ (Real estate, Infrastructure & support cost)
2,100
Total cost 11,100 1,750
Net savings: 11,100-1,750 = 9,350 per FTE Employee (See Note)
Note: Improved process will also result in increased productivity there by
further significant cost savings.
FEE/BILLING RATE CHART
www.aerenlpo.com 7
8. (A) HOURLY BASED METHOD
USD 6 per hour
(The includes time spent by Senior Accountant also)
(B) FULL TIME EQUIVALENT (FTE) PRICING MODEL
Sr. No. Attorney Fee (In USD)
1 Book keeper (Exp. 1-2 yrs) $ 1,100 per month
2 Junior Accountants (Exp. 3-5 yrs) $ 1,550 per month
STANDARD TERMS AND CONDITIONS:
1. FTE employee will work for 40 hrs. a week
2. FTE employee will be entitled to 34 holidays in a year which are statutory holidays which may
subject to changes according to law.
3. Over time will be charged separately.
4. Upgrading of FTE employee will be done by giving prior notice of two weeks.
5. Down grading of FTE employee will be done by giving prior notice of three months.
6. Minimum charges per FTE employee will be for three months.
7. FTE fee will be paid in advance.
PROCESS FLOW CHART
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9. A. Setup of Account (Applicable in case of client having no past data)
B. Entries:-
i) Review of last year Accounts
ii) Extracting of Information from source documents
iii) Punching entry into Accounting software
iv) Creation of New Accounts
v) Modification
vi) Checking of entered Transaction
vii) Final Quality Check
viii) Queries and its Settlement
ix) Reporting
TRANSPORT OF INFORMATION
CLIENT & THEIR CRITICAL REQUIREMENTS
www.aerenlpo.com 9
10. TRANSPORT OF INFORMATION
CLIENT IN
ORIGIN COUNTRY
OUR TEAM IN INDIA
SECURE NETWORK
E-MAIL
PHONE LINES
SKYPE REGULAR
PHONE LINE
ACCESS TO
INFORMATION
/ DOCUMENTS
IDENTIFY
PREVILIGED
DOCUMENTS
COMPLETION
OF PROJECT IN
TAT
UPLOAD THE
COMPLETE
PROJECT
PROJECT MEETINGS
Periodical project meetings shall be conducted to discuss the status of
project and any queries or doubts.
www.aerenlpo.com 10
11. COMMUNICATIONS:
1. The prior intimation shall be given to the parties forty eight hours prior to the
scheduled project meeting.
2. The communication of the project meeting shall be given by the way of
· By Skype
· By E-mail
· By Teleconference
3. The venue for the project meeting shall either be teleconferencing or
Skype conference.
REPORTING
The periodical reports shall be submitted by us in format as mutually
decided by the parties.
www.aerenlpo.com 11
12. The periodic reports shall be inclusive of following:
1. The services / work performed by Aeren team in the month
2. FTE employee dedicated exclusively for the project including time sheet
3. Monthly invoice for the services rendered by the client
COMPLAINTS HANDLING
www.aerenlpo.com 12
13. “Client Satisfaction is Our Prime Concern”
Aeren will deploy team who will be handling every complaint from client.
· Client will be provided with the contact details of the complaint officer who
will be responsible to address all of his complaints.
· The complaint officer will take action on each complaint within same working
day.
· In case of administrative complaint same will be resolved within same
working day.
· In case of any technical complaint the same will be sorted out within 2
working days.
QUALITY PRACTICES
www.aerenlpo.com 13
14. “Quality is integral to our operation excellence & our Quality philosophy is a
tangible expression of one of our core values”.
Aeren follows a THREE-PRONG approach to maintain quality of the work product:
1. Selective recruitment, rigorous training and close oversight and review.
Aeren is very selective about its recruitment practices and only recruits
professionals who graduate from top professional institutions, have extensive
work experience, and excellent English speaking and writing skills.
2. High standards of recruitment are supplemented with extensive training. All
Aeren professionals undergo rigorous training program design to cultivate
each employee’s ability to be created and consistently delivery the highest
level of work quality under time constraints.
3. All work products is subject to very close oversight and review by senior and
experience members of the team servicing a project, and subsequently
reviewed by extensively trained dedicated quality department with
standardize procedures and quality manuals.
·
DATA SECURITY PRACTICE
www.aerenlpo.com 14
15. Physical and Work floor Security
· Screening of visitors/employees by a security guard during entry and exit for
data storage media like CDS
· USB drives and CDS are banned from work-floor
Data Security
· All data is backed up regularly either in client’s server farms or out data
servers depending on client choice
Network Security
· Use of secured line (128 bit SSL) to access and transmit data (images) from
servers
· Segmented LAN with firewall protection
· All ports except DNS and SMTP servers are disabled for the external world
PC Security
· Access to source documents is restricted to authorized employees only
· No fax and printing capabilities at the processing site
· PCs used by processing do not have CD ROM drives
· PCs used in processing are denied web access
· Limited usage of paper in the work-floor
www.aerenlpo.com 15
16. KEY BENEFITS OF OUTSOURCING
· Access to world class talent pool in India
· Cost saving up-to 60% to 80%
· Domain expertise than process expertise
· Strong English language skills
· Dexterous in legal activities (Domestic / Foreign)
· Domain expertise
· Access to “State of the Art” IT infrastructure
www.aerenlpo.com 16