Finance & accounting outsourcing

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    07-Aug-2015
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Transcript of Finance & accounting outsourcing

  1. 1. Finance & Accounts Outsourcing
  2. 2. Finance & Accounts Outsourcing In todays 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 CFOs and finance executives to look for new approaches, including outsourcing of the finance & accounting function. 2
  3. 3. Finance & Accounts Outsourcing With Offshore Accounting & Taxation Services (OATS) finance and accounting outsourcing functions, you can be assured that your fiscal and regulatory risks are being managed effectively 3
  4. 4. Range of our services Sale order to collection Accounts Payable Fixed Assets Financial Reporting & MIS General Ledger Consolidation & Intercompany Transactions Tax Compliance 4
  5. 5. Benefits Ability to reduce costs Increasing efficiency in reporting 5 Meet tight deadlines for compliance reporting Focus on accelerating business growth
  6. 6. Experience of using different accounting systems Our team is trained in using various accounting systems as per customers requirements 6 OATS is flexible to support any Accounting system of your choice
  7. 7. Model work-flow 7 Documents Secure Tunnel Customer Offshore Center e-fax/ Scan to folder Download Images Accounts MIS Reports Tax compilations Financial system e.g. SAP, Oracle, Tally etc. No Physical Movement Of documents
  8. 8. One stop shop using Network of specialists 8 Company Law & FEMA Indirect Taxes Audit, Transfer Pricing Tax advice & representation CustomerSingle point of contact
  9. 9. Illustrative Case Finance & Accounts outsourcing 9 Client : An Arizona based software company Need : The Company was growing at 25% per year, putting a strain on existing finance team. The finance processes were not very well defined and were very person dependent. Several errors were being reported in cases of revenue recognition Benefits There was a 40% reduction in cost of F&A processing Reporting was done on a timely basis, i.e. weekly, monthly and quarterly reports Quick turn-around led to quicker invoicing, reduction in sales outstanding, better cash flow Solution : Process definition and process reengineering Shifting F&A processing to offshore location in India Deliverables and time-lines defined and adhered to Robust maker and checker methodology adopted for processing to minimize errors
  10. 10. About OATS Offshore Accounting & Taxation Services (OATS) offers customer-centric Finance & Accounts outsourcing solutions. F&A Outsourcing Accounts Payable Consolidation Bank reconciliation Subsidiary Accounting Tax Compliance 10
  11. 11. About OATS With the right investments in technology tools, a capable team and a strong network comprising of Chartered Accountants, Cost Accountants, MBA Finance, company secretaries, OATS provides unique value to its customers. OATS is entirely committed to deliver a superior customer service experience and help you focus on your core business Combining years of experience, cross-domain expertise and leveraging technology, OATS delivers cutting edge solutions to make simplified accounting a reality 11
  12. 12. Thank You OFFSHORE ACCOUNTING AND TAXATION SERVICES PRIVATE LIMITED Sujam, Survey No. 81/5B Plot No. 1, Chandragupta Housing Society, Behind Maharaja Complex Paud Road, Kothrud Pune 411038. INDIA. Web : www.oats.co.in Email : [email protected] 12 Offshore Accounting and Taxation Services Pvt. Ltd. OATS_Finance https://www.youtube.com/OA TSFinance @OATS_Finance