Service - Outsourcing
In today's contemporary world, business operations have become comparatively simpler provided one knows how to formulate and deliver them. Outsourcing services promises to make handling any service easier because a dedicated team of professional focus on the task.
Outsourcing is of great help to those who require services of professionals but don't wish to face recruiting issues, wish to put aside unnecessary office expenses and still wish to have a full time resource.
In this service model, we provide the following services on outsourced model:
- F&A
- HR and Training
- Supply Chain Management
- Regulatory Process Outsourcing
1. F & A
Finance & Accounts is an important support function for any organization.
An effective F&A function ensures:
- Cost optimization through spend analysis
- Least involvement of management's time
- Timely and correct recording of all revenue and expenses
- Compliance of all the applicable statutory laws
- Availing of alltax benefits
- No adverse remarks from auditorsabout the Financial Statements.
- Proactive support during the scaling up phase of the organization.
- Flexible Scale up and Scale down Options
Outsourced Accounting Service includes the following:
- Accounts Receivable
- Accounts Payable
- Vendor Management
- Reimbursement / Claim Processing
- Accounting Health Check up-Gap Analysis
- Preparation of Financial Statements
- Preparation of MIS Reports
- Preparation of Stock and Debtors Statement for Banks
- Preparation of CMA for facility renewal
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2. HR Service
- Recruitment Process Outsourcing
- Compensation Structuring
- HRMIS
- Payroll Processing
- Statutory Compliance
- Framing HR Policy
- Goal Setting and Appraisal Framework
- Help Desk for handling Employee Queries
3. Training
- Soft Skills
- Technical Training
- Accounting Standard
- Taxation
- IFRS
- Treasury Management
- Finance for Non Finance
4. Supply Chain Management
- Procurement Process
- Pre Ordering Process
- Approved Requisition
- Vendor Identification
- Obtaining Quotes
- Preparing Comparative Statement
- Ordering Process
- Vendor Finalization
- Placing PO / SO
- Follow-up for delivery
- Stores Process
- Inspection and Receipt
- Preparing GRN
- Stores Issue Note
- Gate Pass for Rejection
- Logistics Process
- Statutory Compliance
- Controllership
5. Regulatory Process Outsourcing
Service Offerings
- Registration under various laws
- Obtaining IE Code
- Registering with DGFT
- Support and implementation of an effective compliance system
- Ensure deduction/collection of various taxes as per relevant rules and regulations
- Verify Book Keeping and prepare Monthly Statement for payment of Statutory dues
- Filing of periodical returns
- Co-ordinate with Statutory Authorities on routine matters.
- Monthly Report on Statutory Compliance to the Management
- Handling of Assessments
- Direct Tax
- Income Tax
- Wealth Tax
- Expat’s personal Taxation
- Indirect Tax
- Service Tax
- Excise
- Customs
- VAT
- CST
- Compliance relating to setting up of Branch, Subsidiary or Liaison office in India
- Registration under STPI
- Assistance in terms of moving into the SEZ area, to avail of tax holidayFEMA/RBI
- Companies Act
- Labor Laws