Accounting Payroll Outsourcing Services

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Transcript of Accounting Payroll Outsourcing Services

  • 1. Outsourcing Management - Business Services Risk Consulting & Management Riskpro India Ventures (P) LimitedNew Delhi, Mumbai, Bangalore1

2. Who is Riskpro Why us? ABOUT USMISSION Riskpro is an organisation of member firmsaround India devoted to client service Provide integrated risk managementexcellence. Member firms offer wide range consulting services to mid-large sizedof services in the field of risk management.corporate /financial institutions in India Currently it has offices in three major cities Be the preferred service provider forMumbai, Delhi and Bangalore and alliances complete Governance, Risk and Compliancein other cities.(GRC) solutions. Managed by experienced professionals withexperiences spanning various industries. VALUE PROPOSITIONDIFFERENTIATORS You get quality advisory, normally deliveredby large consulting firms, at fee levelsRisk Management is our main focuscharged by independent & small firmsOver 200 years of cumulative experience High quality deliverablesHybrid Delivery model Multi-skilled & multi-disciplined organisation.Ability to take on large and complex projects Timely completion of any taskdue to delivery capabilities Affordable alternative to large firms We Hold hands, not shake hands.2 3. RiskPro HighlightsLarge talent pool of risk experts, consultants andassociate partners in India with deep domain skills fordomestic and global clients11 service locations across Indian region with keyoffices in New Delhi, Mumbai and Bangalore Deep expertise in consulting with over 200 years of cumulative consulting experienceOperating Groups:Risk-Advisory, Consulting,Training & HCMSService Lines : Credit, Operational, Fraud Risks,ERM,Regulatory Compliance,OutsourcingManagement, Corporate governanceWe are fastest growing risk consulting companyand have realistic plans to capture comingopportunities while competing with Big - 4s forsuperior, unmatched, low cost services to ourclients3 4. Risk Management Advisory Services Basel II/III Advisory Corporate RisksIT Risk Advisory Market Risk Enterprise Risk Assessment IS Audit Credit Risk Fraud Risk Information Security Operational Risk Risk based Internal Audit IT Assurance Operations Risk IT GovernanceSERVICES ICAAP Forensic services Operational RiskGovernance Other Risks Process reviews Corporate Governance Business/Strategic Risk Policy/ Process Review Business Strategic risk Reputation Risk Process Improvement Fraud Risk Outsourcing Risk Compliance Risk Forensic Accounting Contractual Risk Insurance RiskTraining Recruitment Banking E Learning Corporate Training Virtual Risk Managers Regular Risk Management Training Full Time Risk Professionals Online Training material Part time Risk Professionals Workshops / Events Risk Managers on call free ISO standards- 310004 5. Our Network Presence New DelhiAgra Ahmedabad KolkataMumbai Pune Salem Bangalore 5 6. Destination India The Future of Outsourcing HubIndian banks are in astrong position to supportstable economic growthIndia has developed a strong institutional and regulatory environmentRoad construction is aUSD 90 billion opportunityin next coming years India is the worlds favorite outsourcing destination aspiring for among top 2 nations by 2015Retail sector is expectedto grow to USD 289 billionby 2012 India is a nation of young consumers with high aspirational levels and greater spending power. 6 7. Our Services We at Riskpro provide professional business services in outsourcing management to corporates, while taking responsibility of non core administrative activities of the enterprise and help our clients to focus on their core Business. Key Service Lines Need to outsource bookkeeping & accounting to India, We at Riskpro offerBusiness Corporate you services of our CPAs and skilledRegistration Secretarial and accountants having both knowledge andServices Compliance Services skill to prepare and complete accounts as per GAAP standards and in the software platform of your choice. Facing issues because of accurate payment to your employees, properAccounting and recording of their timing and appropriate Human Resourcepayment as well with withholding andReporting Services - and Payroll Servicesissuance of W-2 form, At Riskpro youOnshore & Offshore get professionals experts for complete payroll/HR processing resulting in employee satisfaction & business results.7 8. Business Registration Services BRS Incorporation of Entity Registration under Indirect Taxes as per the laws applicable in India and global Registration under Direct Taxes i.e. Corporate Income Tax, Withholding Tax Import Export Approvals as per the applicable regulations Registration for social security and other Labor Law Compliances 8 9. Corporate Secretarial Services CSS Compliance as per the provisions of Corporate Laws applicable in the various jurisdictions Compliance as per the provisions of Foreign Exchange Management Act in regard to the Inbound & Outbound Investments, External Commercial Borrowings, Representative offices and Remittances. Tax Compliance services i.e. VAT, Service Tax, Corporate Income Tax, Withholding Tax and other applicable Laws Registered Office Services Directorship & Professional Representative Services 9 10. Accounting Outsourcing- Business Services Suite1/3 Our ServicesPayables Processing & Vendor Audit Support Services Expense Report Review and Billing ServicesPaymentsProcessingCash ReceiptsLockbox Services Administration of Payroll Fixed Assets Tracking andPosting Depreciation CalculationProfessional Collections Reconciliation of Bank and Reconciliation of All Balance Maintenance of Internal Control Investment AccountsSheet AccountsSystemFull Accrual Based Financial Balance Sheet, IncomeBudget to Actual ReportingA/P and A/R AgingReportsStatement and Cash FlowFixed Asset Ledger withCash Management ReportsMetric and Ratio Analysis and Workflow System ManagementDepreciationTrendingInternal Control System Design Accounting Policy andAccounting System Process New Accounting Databaseand DocumentationProcedure Manual Documentation Design and SetupCash ManagementBalance Working Capital andFinancing Assistance with Management of Debt Capital Expenditures Needs Banks and Private EquityCovenants with Equity and Debt StructureRisk ManagementMerger and Acquisition Currency Risk ManagementChart of Account Setup Support10 11. Accounting and Reporting Services2/3ARS On-Shore Accounting Services: We focus on providing the administration services for the Local Legal Entity. The services includes: Statutory Bookkeeping and Administration Management and consolidated Reporting as per the Group Policies and Procedures Reporting as per US, UK GAAP, IFRS and any other GAAP applicable on the Holding Company Bank and Payment Administration Services Annual Statutory Reporting Facilitation of Annual Audits11 12. Accounting and Reporting Services3/3ARS Off-Shore Accounting Services i.e. KPO: We provide the Cross Border outsourcing Solutions which includes: Accounts Payable administration Order to Cash Administration General Accounting Fixed Asset Accounting Closing, Reporting and Consolidation 12 13. Human Resource and Payroll Services HRPS Human Resource Services Human Resource Management Services Payroll Administration and Disbursement Services Salary processing including tax calculation as per applicable tax laws Registration with the Office of the Regional Provident Fund Commissioner (RPFC) Record keeping & Administration Monthly & Annual Employer / Statutory compliance All India Compliances Under Shops and Establishment Act and related laws Set up and Management of Retiral Benefits & Trusts Query solving Payroll Tax and Social Security Contributions Compliance Services Management Reporting Services Procedure Optimization13 14. Fund Accounting ServicesFAS Daily reconciliation of cash balances and positions with prime broker(s) Processing of corporate actions and dividends Expense accrual management NAV production and distribution - monthly or estimated daily and/or estimated weekly basis Cash management and reconciliation Calculation and timely payment of all management and performance fees in accordance with the key agreements. Preparation of interim and annual financial statements, including co-ordination of the annual audit.14 15. Our Commitment to clients Commitment ValueBookkeeping and compliance assignments carried out at a fraction of the cost of Clients staffReduce client staff management time and overhead costs, and increase clients profitabilityEnable clients staff to concentrate on more interesting and value-added work ServiceRobust management and procedures to ensure delivery on time and on budgetDedicated one-to-one communication with client, to ensure every project is right first time QualityTwo-level file review and signoff by senior accountants, even for the smallest assignmentHighest standards of staff recruitment and training proceduresWell Defined and Agreed KPIs with month to month monitoring 15 16. Our Core Strengths Core Strengths Qualified & Accounting professionals with exposure and knowledge of regulations ofvarious countries. Proactive and structured approach Well defined processes Well defined Project methodology for Service Delivery Talented team with exposure to various accounting software used in India and othercountries. Certified professionals for providing the Accounting, consulting, implementation andtraining services Experience & proven capabilities to handle Diversified Multi-national Clients i.e. BFS,Information Technology, Energy, Manufacturing, Consultancy, Oil & Gas Sector,Retail Trading, Hospitality, Restaurant and related sectors. Competitive advantage of costing by virtue of expertise and experienced resources.16 17. Riskpro ClientsOur Clients*Any trademarks or logos used throughout this presentation are