Accounting outsourcing|Payroll outsourcing Bangalore|Accountancy services|Financial accounting bpo...

Synergy Business Solutions [India] Private Ltd.

An ISO 9001:2008 certified outsourcing company.

- Your Performance Enhancement Partner

An introduction

December 2012

SBS – Your Performance Enhancement Partner

An ISO 9001:2008 certified outsourcing company Confidential . Not for circulation

Who we are?

Synergy Business Solutions [India]

Private Ltd.

We are a Bangalore, India, based

ISO 9001:2008 Certified fast

growing Financial Services company, having

an impeccable track record with more than

one hundred delighted customers across

geographies.

http://www.sbsglobalservices.com

http://www.sbsglobalservices.com/



Our background

The successful practice of our sister concern

Chartered Accountancy firm, over the past

fifteen years, paved the way for the establishment

of SBS in the year 2006.

The expertise of our leadership with a rich and

long professional career background and the Client

equity acquired over the years powered SBS

during the take-off.

http://www.rhhpa.com

http://www.rhhpa.com/



Growth so far

Since launch, SBS Global Services has hit a high

growth trajectory, acquiring over one hundred

Clients across industries, globally and providing

creative and cost efficient Financial Services

Solutions to them.

Our professional, cost efficient and secure Services

and Solutions have delighted our Clients over the

past four years.



Global Customer Base

India Singapore UK Luxembourg (Bangalore, Delhi, Chennai, Hyderabad) (London)

Germany Mexico USA (Koln) (New York, California, Wisconsin)

$



• Cost Saving

Cost and currency arbitrage along with our collaborative approach

enables substantial savings in cost of Finance & Accounting Operations

• Increased Process Efficiency

Significantly Improved Turn Around Time in the F & A function

• Enhanced Productivity levels

Outsourced F & A operations to SBS professionals brings

in enhanced efficiencies

• Process Standardization

Standardization of process enables growth

• Vastly improved Customer Satisfaction levels

Focus on Customer facing activities leads to higher levels of customer

satisfaction

• Focus on core business issues

Relieved of operational pains in F & A, managerial bandwidth

is freed up to focus on core business issues

• Growth & Turn Around

Growth & Turn Around through the combined effect of the above factors

Our Impact



Service Lines

• Accounting Services

• Payroll Services

• Specialized Services

• Taxation Services

• India Entry Services

• Overseas Entity Formation &

Support Services



1. Accounting Services

SBS Finance & Accounting professionals can remote log-in to the client server and

complete the Finance/ Accounting process, saving infrastructure and operation costs.

SBS currently offers various Outsourced Finance

& Accounting Services suited for Asia, Far East, Europe and US regions.

We enable our clients to focus on strategic business issues while an expert team of SBS

professionals provide them the necessary Finance & Accounting support in a safe, secure environmentin a highly cost and time efficient manner.



FINANCE &

ACCOUNTING SERVICES

ORDER TO

CASH

(Accounts

Receivable)

PROCURE TO

PAY

(Accounts

Payable)

FINANCIAL

STATEMENTS

MANAGEMENT

ACCOUNTING

&

ANALYSIS

Invoice Processing

Collections & Cash Application

Credit and Order Management

Reporting and Reconciliation

Shortened Month End Closure

Invoice Processing

Payment Process

Vendor Master Maintenance

3 Way Matching &

Reconciliation

MIS & Reporting

Periodic General Ledger

closing

Line Item Reconciliation

Finalization of Accounts

Preparation & Reporting of

Final Accounts

Cost Analysis

Customer Prof itability Analysis

Activity Based Costing

Variance Analysis

Performance Reporting

1. Accounting Services



2. Payroll Services

SBS Payroll professionals can remote log-in to the client server and complete the

Payroll process, saving infrastructure and operation costs.

SBS currently offers various Payroll services

suited for large and small organizations from diverse industries in Asia and Europe regions.

We enable our clients to have a timely, accurate and error free payroll for their

organization.



2. Payroll Services

PAYROLL

SERVICES

Permanent

Information

Variable

Elements

Salary

Calculation

Report

Generation

• New employee creations

• Tax Card updations

• Address modif ications

• Bank code & Cost Centre

updations

Periodic

• Lunch Vouchers, Car Allowance

& pension

• Overtime hours updations

Non Periodic

13th month & Outstanding holidays

pay

• Validating the updations

• Generating the Payslips

• Analysis of Salary dif ference

• Bank Transfer

• Tax Declaration

• Any other report as per client

specif ications



3. Specialized Services

SBS team works closely with large firms – Financial

Institutions, Banks etc – in markets such as Asia and US.

We help our Clients consolidate various statements,

reconcile different types of accounts and review their Contracts. We also support them in large volume Back

Office Processing.

SBS team of experts can support large organizations in Banking & Financial services

Sector through in various specialized services resulting in substantial savings.



3. Specialized Services

SPECIALIZED

SERVICES

Financial

Statements &

Reporting

Contract Review

&

Reconciliations

Large volume

Back office

Transaction

processing

Consolidation of Financial

statements

Business Intelligence &

Reporting

Analysis & reporting

Financial and other large

volume Reconciliation

Contract Review & Vendor

Account Reconciliations

Inter-company

Reconciliations

Large volume Business

Transactions

Large volume Financial

Transactions



4. Taxation Services

SBS Tax team works closely with professional firms in

markets such as Asia and US.

We help our clients in preparation of various kinds of

Tax statements and returns to comply with the Tax norms of the country.

SBS team of Taxation experts can support the professionals and complete the Tax

return process, considerably saving infrastructure and operation costs



SBS offers Entry Support services specific to India

with an objective to facilitate our global expansion and growth strategy.

We provide a whole host of Entry Support services for the benefit of organizations from other

parts of the world to set shop in India.

SBS facilitates a hassle-free entry to India for multinational companies and supports

their growth in India through our wide range of Service offerings.

5. India Entry Services



5. India Entry Services

Launch Phase

Support

Post Launch

Support

INDIA ENTRY

SERVICES

Pre-entry

Support

• Market, Business

intelligence

• Entity structure advice

• Set up services

• Taxation and Transfer

Pricing assistance

• Business Plans

Initial HR assistance

• Accounting, Bookkeeping &

Business Reporting



6. Overseas Entity Formation & Support

Services

With increasing levels of globalization, business

Organizations are eager to make the best of the opportunities that are available away from their home markets. However, the challenges, such as

country specific legal frameworks, tax structures etc. that comes along with these global

opportunities, can take away precious management time and bandwidth of the Organizations.

SBS offers Overseas Entity Formation and Support Services to Indian and international

corporates in countries/ regions such as Singapore, Australia, Malaysia, GCC, Untied

States, United Kingdom, Luxemburg and Mauritius, apart from India.



Process Flow

ERPDATA

FILES

• SBS Staff digitally authorized to access Secured Client Folder through an Internet connection

• No transfer of documents required to SBS Local Directory

• Data Files accessed from Client FTP/ Secured Access Folder

• Data Entry & Accounting completed on the Client ERP

• Reports saved on the Client’s Secured Access Shared Folder

• The process designed to ensure strict control from the Client’s perspective

CLIENT SECURED

ACCESS FOLDER

Scanning the

Documents

Scanned Documents

bundled as batches in Client’s local directory

Documents Uploaded to

SECURED ACCESS FOLDER ONLINE

SBS DELIVERY CENTER



Data Safety & Security

Highly Secure Network ensures the smooth functioning of a

Knowledge Process Organization.

Online and Offline Back Up and Support for critical Business Data.

Linux based firewalls to Safeguard the network from virus attacks.

Double Back Up Power Supply (Generators, UPS)

Bio Metric Access Control

Intrusion Detection/ Prevention System

Strictly Compliant IT Policies

Instant Scalability of operations for process migration

Every employee of SBS signs a mandatory Non Disclosure agreement



Quality Process

Our Quality Policy: “We are committed to provide world-class services to our

customers. We shall continuously improve the processes and apply quality practicesto meet or exceed clients requirements resulting in customer satisfaction. ”

A well defined Quality Manual.

A well defined Training Module for each segment.

Multiple Stages of quality checks.

Checklists at each stage to ensure that everything is right.

Six Sigma at Process and Customer Level.

A well documented Customer Feedback Process.

A well defined Escalation Matrix for faster resolution.

Customer Communication at each level.



Other Credentials

Membership : Top management and professionals are membersof the Institute of Chartered

Accountants of India (ICAI) (www.icai.org).

Membership : Company is a member of the Confederation of Indian Industries (CII)

(www.cii.in).

Membership : Company is a member of the Federation of KarnatakaChambers of Commerceand Industry (FKCCI) (www.fkcci.org).

ISO 9001:2008 : Company is an ISO 9001: 2008 Certified Outsourcing Company, certified by theprofessional bodies; NABCB (www.qcin.org/nabcb) and UKAS (www.ukas.com).

http://www.icai.org/





http://www.cii.in/

http://www.cii.in/

http://www.cii.in/

http://www.cii.in/

http://www.cii.in/

http://www.fkcci.org/





http://www.qcin.org/nabcb





http://www.ukas.com/







Our Global Industry Footprint *

Accounting Process Pay Roll Process

11%

11%

11%

9%

9%9%

7%

5%

5%

5%

2%2%

2%2%2%2%2%2%

IT

Retail

Hospitality/ Restaurant

Manufacturing

Education

Others

Trading

Recycling

Health & Wellness

Apparel

Pharma

Industrial Maintainance

Construction

Banking & Finance

Gems & Jewellery

Real Estate

Telecom

Travel & Tourism

46%

11%

7%

7%

7%

5%

5%2%

2%2%2%2%2%

Banking & Finance

Others

IT

Logistics

Education

Hospitality/ Restaurant

Insurance

Retail

Construction

Manufacturing

Health & Wellness

Telecom

Apparel

* International + India markets



Integrated Team with rich Industry Experience

Skill Mix of Qualified & Semi Qualified

Professionals

Domain Expertise in the areas of Accounting, Payroll, Taxation and allied Financial Services

Over 200 years of combined top management experience

Employee Expertise

Employee Experience

Employee Expertise & Experience



SBS India

SBS India offers a wide range of Financial Services to meet varying needs of our

clients. The legacy and the strong Client Equity of our sister concern Chartered

Accountancy firm rubs on us in no small measure.

The services that we offer in India include Finance & Accounting (Outsourced

Accounting), Payroll, Taxation, Consulting, Transaction Advisory, Project Financing,

Cost Accounting Outsourcing, SAP Consulting & Implementation Support, Valuation

and Company Set Up.

SBS India currently serve customers from different regions within the country.

http://www.sbsindia.co.in

http://www.sbsindia.co.in/



Thank you

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