Today’s CFOs are faced with many more
challenges as compared to the days prior
to the Global Financial Crisis. CFOs are
expected to create value, provide stability,
deliver innovative, compliant and yet
transparent accounting practices. The
board expects them to provide a financial
structure which is agile, connected with
the rest of the organization, automated and
completely metric driven.
Our KPO practice has been a strategic partner
to these CFOs in crafting out a stable and
profitable finance organization. Our focus is
to optimize the finance functions, transform
the services offered, provide innovative
solutions, leverage technology and reduce
cost of finance function.
Our KPO Finance & Accounting (F&A) Practice Service Offerings
Our KPO F&A practice was initiated in 2004. Since then, F&A is one of the largest and fastest growing segments contributing to over 40% of our of annual revenues. The practice offers end-to-end services from the pure-play transactional processes to higher end services such as Accounting, SOX, Internal Controls, Tax, VAT, GAAP-IFRS convergence support.
Our service offerings include
Procure to Pay
Order to Cash
Record to Report
Enterprise Reporting, Analysis and Planning
Procurement
Catalog and Supplier
Management
Pre and Post Order Management
Invoice and Claims Processing
Matching and Payment
Vendor Helpdesk
Reconciliation and Dispute
Settlement
Customer Data Management
Quote and Order Processing
Credit Analysis and Decision Support
Billing and Invoicing
Invoice Dispute Management
Collections and Cash Application
Reconciliations
Reporting
Fixed Asset Management
Asset Sale, Write-off, Transfer
Depreciation Account
GL and Inter Company accounting and reconciliation
Bank Reconciliation
Period End Close
GL Reporting
Reconciliation
Decision and Planning Support
Financial Reporting
Analysis
Budgeting and Forecasting
Compliance and Tax Support
Treasury
VAT and Regulatory Reporting
Our KPO F&A Practice’s Solution to the CFOs
Our Solution to CFOs is based on our Business Value Realization Framework:
Process Standardization
& Harmonization
Service Delivery Model
Leverage Technology
Multipliers
Operational Optimization
Decision Acceleration
Centralize financial data processing
Harmonize processes
Incorporate domain
best practices
Consolidation and location strategy
(Onshore, Offshore &
Near-shore)
Automation Tools
Business Platform
Solutions
Six Sigma / Lean projects
Continuous Improvement
Benchmark to ‘best in class’
Operations best practices
Reporting Factory
Analytics and Predictive
Modeling Unit
Support in decision
making
Benefits
Financial Parameters
Lower costs
Higher revenues
Enhanced Financial
Performance Management
Technology
Better value for technology
investments
Automation tools to support processing, reporting and
analysis
People
Widen resource base
Deepen skills to support business
Right skilling & leveraging
resource base
Business Partnership
Insights to business
Increased participation in
Strategy & Decision making