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FINANCE
&
ACCOUNTING
OUTSOURCING [ FAO ]
FINANCE
&
ACCOUNTING
OUTSOURCING [ FAO ]
q  40-55% LOWER THAN IN-HOUSE F&A
q  CHEAPER ACCESS TO TECHNOLOGY & TALENT
q  REDUCED DEPLOYMENT TIME FOR
TECHNOLOGY AND PROCESS
q  ACCESS TO BEST F&A PRACTICES
q  COST CONTROL USING ANALYTICS
q  BETTER TURN AROUND TIME
q  REDUCED DEFECT RATES
q  BUSINESS INTELLIGENCE REPORTS
q  ALARM GENERATION FOR TIMELY
ACTION
q  MULTILAYER REVIEW SYSTEM
FAO VALUE propositionFAO VALUE proposition
Low OWNERSHIP COST
FASTER PAY BACK PERIOD
ENHANCED EPS
FRAUD DETECTION
 
	
  
	
  
	
  
	
  
	
  
	
  
	
  
Outsourcing NEEDOutsourcingNEED	
  
SMALL TO MEDIUM
SIZED BUSINESSES
MONEY ON FINANCE &
ACCOUNTING departments
FEEL THE PAINFEEL THE PAIN
OF SPENDINGOF SPENDING
FORCED TOFORCED TO
SPEND FUNDSSPEND FUNDS
BECAUSE OF THE EXPERTISE AND DEPTH OF
EXPERIENCE REQUIRED WHICH COVERS
VITAL SERVICES LIKE
ACCOUNTING REPORTING COMPLIANCE
And stillAnd still
Suffer fromSuffer from
Low F&A maturity: manual &
broken processes
Resource constraints
Cash flow issues
Lack of robust technology
THE SOLUTIONOUTSOURCING TO OFFSHORE BENCH
MARKET LEADER
55% SHARE OF GLOBAL
SOURCING MARKET
COST COMPETITIVE
3-4X CHEAPER THAN US
TALENT CAPITAL
>5 MILLION GRADUATES
>3 MILLION WORKFORCE
STRONG ECOSYSTEM
43 TIER II/III CITIES
MATURITY
USD 118 BILLION INDUSTRY
SOURCE: NASSCOM
INDIA’S
OUTSOURCING CREDENTIALS:
INDIA’S
OUTSOURCING CREDENTIALS:
MANAGED BY EX-BIG4 CHARTERED
ACCOUNTANTS
TEAM’S COMBINED EXPERIENCE OF
MORE THAN 100 YEARS
STRONG INDUSTRY KNOWLEDGE
FOCUSING ONLY ON SMEs
YOUR PREFERRED
OUTSOuRCING
PARTNER
OFFSHORE BENCH
STARTUPS
SMALL TO MEDIUM ENTERPRISES
PRIVATE EQUITY FUNDS
ACCOUNTING FIRMS
OFFERING
SOLUTIONS TO
ACCOUNTING
PAYROLL
REPORTING
COMPLIANCES
SPECIALIZATION
IN COMPLETE FINANCE
OUTSOURCING FROM
PROCURE TO PAY
-VENDOR DATA MAINTENANCE
-INVOICE PROCESSING & PAYMENTS
-VENDOR RECONCILIATIONS
ORDER TO CASH
-ORDER CREATION
-INVOICE GENERATION & PAYMMENT
COLLECTION
-CUSTOMER RECONCILIATIONS
RECORD TO REPORT
-ACCOUNTING AND RECONCILIATIONS
-FINANCIAL PLANNING & ANALYSIS
-MIS REPORTING
FINANCIAL STATEMENTS
-STATUTORY FINANCIAL STATEMENTS
-PERIOD END REPORTING (MONTHLY, QUARTERLY)
-TAX REPORTS
PAYROLL
-PAYROLL ADMINISTRATION
-TAX & STAT COMPLIANCES
-ADMIN SUPPORT
AUDIT ASSISTANCE
-PREPARATION OF SCHEDULING & WORKING
PAPERS FOR AUDITORS
-EXPERIENCED CAS WITH GAAP & IFRS KNOWLEDGE
-QUALIFIED TEMP STAFF FOR SHORT ASSIGNMENTS
PERSONALISED DASHBOARDS
-BUSINESS INTELLIGENCE TOOLS
-REPORTS TO TRACK & MONITOR PERFORMANCE
-DELIVERED THROUGH MOBILE APP
FINANCIAL PLANNING
-INCOME STATEMENT ANALYSIS
-BALANCE SHEET/CASH FLOW ANALYSIS
-BUDGETING
WITH A WIDE ARRAY
OF SERVICES
WITH A WIDE ARRAY
OF SERVICES
COMBININGCOMBINING
MANPOWER PROCESS TECHNOLOGY
KAPIL NIRAV NIMISH
CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED ACCOUNTANT
& LAWYER
ALUMNUS OF DELOITTE
CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED ACCOUNTANT
& COMPANY SECRETARY
ALUMNUS OF DELOITTE
CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED ACCOUNTANT
& COMPANY SECRETARY
ALUMNUS OF EY & PWC
CORE TEAMCORE TEAM
Qualified Chartered Accountants
Commerce Graduates
And an ops team of 50+
PROCESSPROCESS
Client Team
Controller
(IBA Team)
Accountants
Invoice
Payments
Leases
Contracts
Sales Order
Requests
Payroll
questions etc.
Scan & Email Ticket
Payments/Cash flows
Management Reports
Board pack
Regulatory Fillings
(Review by external
accounting & fax/auditor)
Timesheet
Quickbooks/
Xero
Docs
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
INDIA	
  
AUTOMATE WORK FLOW
COMMUNICATE WITH STAFF, VENDORS, CLIENTS
TRACK COMPLETE STATUS
ASSIGN, RESOLVE AND MOVE ON
CLOUD BASED
‘TICKETING
SYSTEM’ TO
SECURED CLOUD
infrastructure TO
DRIVE EFFICIENT
AND ROBUST
FINANCIAL
DISCIPLINE
SECURED CLOUD
infrastructure TO
DRIVE EFFICIENT
AND ROBUST
FINANCIAL
DISCIPLINE
INITIATION MIGRATION
IDENTIFICATION
PLANNING
PREPARATION
KNOWLEDGE TRANSFER
PARALLEL RUN
GOLIVE
RISK MANAGEMENT
THROUGH SEAMLESS MIGRATION
RISK MANAGEMENT
THROUGH SEAMLESS MIGRATION
50%50%
CLIENT X BASED OUT IN US
CLIENT Y BASED OUT IN SINGAPORE
CLIENT X BASED OUT IN SWITZERLAND
CLIENT A BASED OUT IN AUSTRALIA
AVERAGE SAVING IN COST
52%
38%
45%
50%
46%
MORE THANMORE THAN
SAVING BUSINESSESSAVING BUSINESSES
AUSTRALIA
USA
UK
ARGENTINA
INDIA
SWITZERLAND
PHILIPPINES
OUR CLIENTS OPERATE ACROSS
MULTIPLE ENTITIES AND OVER
MULTIPLE COUNTRIES
OUR CLIENTS OPERATE ACROSS
MULTIPLE ENTITIES AND OVER
MULTIPLE COUNTRIES
NO COMPROMISE
NO COMPLICATIONS
NO WORRIES
NEW DELHI
B 9 GREEN PARK MAIN
NEW DELHI-110016
TEL: +91-11-46021550-46021552
NEW DELHI
403, THE COURTYARD, DLF PLACE
SAKET, NEW DELHI 110017 INDIA
FOCUS ON YOUR BUSINESS
& LEAVE THE REST TO US
OUTSORCE WITH
WWW.OFFSHOREBENCH.COM
MUMBAI
Suite 1108, Level 11-1102,
Peninsula Business Park,
Tower-B, S.B Road,
Lower Parel, MUMBAI-400053

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Finance & Accounts Outsourcing

  • 1. FINANCE & ACCOUNTING OUTSOURCING [ FAO ] FINANCE & ACCOUNTING OUTSOURCING [ FAO ]
  • 2. q  40-55% LOWER THAN IN-HOUSE F&A q  CHEAPER ACCESS TO TECHNOLOGY & TALENT q  REDUCED DEPLOYMENT TIME FOR TECHNOLOGY AND PROCESS q  ACCESS TO BEST F&A PRACTICES q  COST CONTROL USING ANALYTICS q  BETTER TURN AROUND TIME q  REDUCED DEFECT RATES q  BUSINESS INTELLIGENCE REPORTS q  ALARM GENERATION FOR TIMELY ACTION q  MULTILAYER REVIEW SYSTEM FAO VALUE propositionFAO VALUE proposition Low OWNERSHIP COST FASTER PAY BACK PERIOD ENHANCED EPS FRAUD DETECTION
  • 3.                 Outsourcing NEEDOutsourcingNEED  
  • 4. SMALL TO MEDIUM SIZED BUSINESSES MONEY ON FINANCE & ACCOUNTING departments FEEL THE PAINFEEL THE PAIN OF SPENDINGOF SPENDING
  • 5. FORCED TOFORCED TO SPEND FUNDSSPEND FUNDS BECAUSE OF THE EXPERTISE AND DEPTH OF EXPERIENCE REQUIRED WHICH COVERS VITAL SERVICES LIKE ACCOUNTING REPORTING COMPLIANCE
  • 6. And stillAnd still Suffer fromSuffer from Low F&A maturity: manual & broken processes Resource constraints Cash flow issues Lack of robust technology
  • 7. THE SOLUTIONOUTSOURCING TO OFFSHORE BENCH
  • 8. MARKET LEADER 55% SHARE OF GLOBAL SOURCING MARKET COST COMPETITIVE 3-4X CHEAPER THAN US TALENT CAPITAL >5 MILLION GRADUATES >3 MILLION WORKFORCE STRONG ECOSYSTEM 43 TIER II/III CITIES MATURITY USD 118 BILLION INDUSTRY SOURCE: NASSCOM INDIA’S OUTSOURCING CREDENTIALS: INDIA’S OUTSOURCING CREDENTIALS:
  • 9. MANAGED BY EX-BIG4 CHARTERED ACCOUNTANTS TEAM’S COMBINED EXPERIENCE OF MORE THAN 100 YEARS STRONG INDUSTRY KNOWLEDGE FOCUSING ONLY ON SMEs YOUR PREFERRED OUTSOuRCING PARTNER OFFSHORE BENCH
  • 10. STARTUPS SMALL TO MEDIUM ENTERPRISES PRIVATE EQUITY FUNDS ACCOUNTING FIRMS OFFERING SOLUTIONS TO
  • 12. PROCURE TO PAY -VENDOR DATA MAINTENANCE -INVOICE PROCESSING & PAYMENTS -VENDOR RECONCILIATIONS ORDER TO CASH -ORDER CREATION -INVOICE GENERATION & PAYMMENT COLLECTION -CUSTOMER RECONCILIATIONS RECORD TO REPORT -ACCOUNTING AND RECONCILIATIONS -FINANCIAL PLANNING & ANALYSIS -MIS REPORTING FINANCIAL STATEMENTS -STATUTORY FINANCIAL STATEMENTS -PERIOD END REPORTING (MONTHLY, QUARTERLY) -TAX REPORTS PAYROLL -PAYROLL ADMINISTRATION -TAX & STAT COMPLIANCES -ADMIN SUPPORT AUDIT ASSISTANCE -PREPARATION OF SCHEDULING & WORKING PAPERS FOR AUDITORS -EXPERIENCED CAS WITH GAAP & IFRS KNOWLEDGE -QUALIFIED TEMP STAFF FOR SHORT ASSIGNMENTS PERSONALISED DASHBOARDS -BUSINESS INTELLIGENCE TOOLS -REPORTS TO TRACK & MONITOR PERFORMANCE -DELIVERED THROUGH MOBILE APP FINANCIAL PLANNING -INCOME STATEMENT ANALYSIS -BALANCE SHEET/CASH FLOW ANALYSIS -BUDGETING WITH A WIDE ARRAY OF SERVICES WITH A WIDE ARRAY OF SERVICES
  • 14. KAPIL NIRAV NIMISH CO-FOUNDER 12 YEARS OF EXPERIENCE CHARTERED ACCOUNTANT & LAWYER ALUMNUS OF DELOITTE CO-FOUNDER 12 YEARS OF EXPERIENCE CHARTERED ACCOUNTANT & COMPANY SECRETARY ALUMNUS OF DELOITTE CO-FOUNDER 12 YEARS OF EXPERIENCE CHARTERED ACCOUNTANT & COMPANY SECRETARY ALUMNUS OF EY & PWC CORE TEAMCORE TEAM
  • 15. Qualified Chartered Accountants Commerce Graduates And an ops team of 50+
  • 16. PROCESSPROCESS Client Team Controller (IBA Team) Accountants Invoice Payments Leases Contracts Sales Order Requests Payroll questions etc. Scan & Email Ticket Payments/Cash flows Management Reports Board pack Regulatory Fillings (Review by external accounting & fax/auditor) Timesheet Quickbooks/ Xero Docs                                 INDIA  
  • 17. AUTOMATE WORK FLOW COMMUNICATE WITH STAFF, VENDORS, CLIENTS TRACK COMPLETE STATUS ASSIGN, RESOLVE AND MOVE ON CLOUD BASED ‘TICKETING SYSTEM’ TO
  • 18. SECURED CLOUD infrastructure TO DRIVE EFFICIENT AND ROBUST FINANCIAL DISCIPLINE SECURED CLOUD infrastructure TO DRIVE EFFICIENT AND ROBUST FINANCIAL DISCIPLINE
  • 19. INITIATION MIGRATION IDENTIFICATION PLANNING PREPARATION KNOWLEDGE TRANSFER PARALLEL RUN GOLIVE RISK MANAGEMENT THROUGH SEAMLESS MIGRATION RISK MANAGEMENT THROUGH SEAMLESS MIGRATION
  • 20. 50%50% CLIENT X BASED OUT IN US CLIENT Y BASED OUT IN SINGAPORE CLIENT X BASED OUT IN SWITZERLAND CLIENT A BASED OUT IN AUSTRALIA AVERAGE SAVING IN COST 52% 38% 45% 50% 46% MORE THANMORE THAN SAVING BUSINESSESSAVING BUSINESSES
  • 21. AUSTRALIA USA UK ARGENTINA INDIA SWITZERLAND PHILIPPINES OUR CLIENTS OPERATE ACROSS MULTIPLE ENTITIES AND OVER MULTIPLE COUNTRIES OUR CLIENTS OPERATE ACROSS MULTIPLE ENTITIES AND OVER MULTIPLE COUNTRIES
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