Outsourcing

Introduction

The effective and efficient use of manpower is a major element for achieving success. Company after company has come to the realization that investing in and maintaining large-scale, in-house departments may not make dollars or sense for rapidly growing companies. Relying upon an external organization to supply critical support services will provide your company with access to a wealth of intellectual capital without the necessity of investing in infrastructure.

The bottom line: You concentrate on your core competency. We'll devote all of our energies and resources to providing your non-core functions - efficiently and cost effectively.

In order to run a business efficiently, you need each of your resources to be as productive as possible. That is why Manoj Baby & Associates offers "one-stop shopping" for business and financial consulting services.

We evaluate the accounting needs of new and growing businesses and offer complete solutions for the most efficient and effective operation of an accounting and record-keeping system. Our goal is to develop a system that will meet the financial reporting requirements of your company. Whether your business requires assistance with periodic bookkeeping or implementation of a fully computerized accounting system, we maximize your existing resources to provide the best solutions.

As a provider of financial services in the world of outsourcing, we can provide you with financial reporting, general ledger accounting, consolidations, budgeting, management reporting, billing, accounts payable / accounts receivable, expense reporting, and controls & compliance management.

Our Outsource Accounting Services Division offers individuals and businesses of all sizes a full range of service options to complement and complete your internal accounting and administration needs. If you need the services of a full-blown accounting department, but that is not cost effective, you can outsource these services through Manoj Babyr & Associates, from controllers to full charge bookkeepers. We provide assistance in all areas of reporting requirements.

For busy individuals, Manoj Baby & Associates can provide assistance with personal accounting needs as well. We provide services including household employee payroll and reporting issues. Once we've maintained these personal records for you, gathering information at year-end for tax time will be almost effortless.

You can rely on Manoj Baby & Associates to provide comprehensive financial management services so you can concentrate your talents and energies on other things.

Financial Reporting

The Financial Reporting will provide you with instant access to your accounting records. You can inspect individual account detail and view scanned images of original support documents. We can also provide you with trial balances, general ledgers and cash flow reports that are updated daily. The reports are in electronic form so that you can view them on-screen or print them out. In addition, we can customize reports to help you run your business more effectively.

Simplify your accounting today!

Now with Financial Outsource Services, you can make those critical, day-to-day decisions with timely, accurate and easy-to-understand financial information. You'll also enjoy a greater sense of control and security by having your accounting data reviewed by a trusted third party. And finally, you can have it all for a fraction of the cost of maintaining an in-house accounting staff.

Why Outsource?

• Do you want to grow your business?
  
• Do you want to increase revenues and reduce costs?
  
• Do you want to enhance your use of capital?
  

We may have a solution that is right for you; one that has worked for countless companies; time-tested and proven to achieve results.

The solution is outsourcing!

What kind of help do you need?

How fast do you need it?

From accounting to corporate tax, from treasury to corporate finance from general business consulting to personal financial planning, we are armed to add value.

The Power of Partnership

Large organizations and small businesses, individuals with only an idea or a dream, Fortune 500 industrials and high-tech start-ups have turned to outsourcing to help grow their businesses. From accounting to tax, from real estate services to recruiting, outsourcing is projected to be a $300 billion business by the millennium. Today, virtually 75 percent of Fortune 500 companies source non-core functions while 83 percent of the fastest growing companies in USA are sourcing in-house cost centers.

A Powerful Tool for Business Growth

Knowledge no longer has to be homegrown. It can be contracted for. Outsourcing is a management tool for redefining and re-energizing the organization. It challenges companies to think beyond the vertically integrated organization in favor of a more flexible organization, structured around core competencies and long-term outside relationships - in other words, the virtual enterprise. Helping create a new era of productivity, profitability and competitive advantage, outsourcing helps companies focus on their core business by assuming some or all of its non-core functions. Look at all the positive characteristics of outsourcing:

• Outsourcing leverages relationships instead of amassing resources.
  
• Outsourcing delivers value instead of directing activities.
  
• Outsourcing ensures results as opposed to assigning blame.
  

The Question is Not Whether to Outsource But What to Outsource

While you may agree that it makes sense to outsource, you now have to consider what functions to outsource. To arrive at an answer that makes sense for your organization, you should ask yourself these questions:

• If you were starting the company today, would you elect to perform this function internally?
  
• Are you so good at performing this activity that others would hire you to do it for them?
  
• Will tomorrows CEO come from that skill-set?
  

If you answered "no" to these questions, it's time to think about outsourcing.

No Need to Maintain Bench Strength

Typically, two types of shared services are outsourced: transactional services and professional services. Transactional services are repetitive and generic, i.e. administration, accounting, payroll and benefits processing. Professional services, on the other hand, are knowledge-based, such as recruiting or tax planning. By dividing all business activities into four categories, you can identify those outsourcing opportunities offering the best long-term value and lowest-cost options:

• Peripheral functions provide no competitive advantage and are not essential to the core business. These functions are easily outsourced and produce minimal risk.
  
• Supportive functions are essential, but not a core activity. Failure in this area would cause serious damage to the business. In this case, a manager's time and resources could be better spent on activities fundamental to the business, recruiting this expertise externally.
  
• Strategic functions provide an actual or potential source of competitive advantage. One reason for outsourcing strategic functions is to achieve better value for strategic thinking and capabilities.
  
• Core functions are the primary business activity and should never be outsourced.

Outsourcing Pays

In weighing the benefits and costs associated with outsourcing, you may want to consider the reasons companies commonly cite for outsourcing non-core functions and the benefits they expect to receive, as reported by The Outsourcing Institute:

Improve Company Focus: Outsourcing allows the company to focus on its core activities while an outside provider handles support services. It can enable an organization to accelerate its growth and success through expanded investment in areas offering the greatest competitive advantage.

Gain Access to World-Class Capabilities: Outsourcing means specialization. Outsourcing providers can bring in worldwide, world-class capabilities. Just as their clients are outsourcing to improve their focus, vendors have honed their skills at providing the services in which they specialize; outsourcing is their core business.

Accelerate Re-engineering Benefits: It allows a company to immediately realize the benefits of re-engineering by outsourcing support functions to an organization than can immediately guarantee the improvements offered by re-engineering.

Share Risks: Outsourcing providers make investments not on behalf of just one company, but on behalf of many clients and eliminate the necessity of investment by the company.

Free Resources for Other Purposes: Outsourcing permits an organization to redirect its resources from non-core activities, or at least the staff slots they represent, into greater value-adding activities.

Make Capital Funds Available: By outsourcing, the company reduces the need to invest capital funds in non-core functions, making capital funds more available for core functions. It can also improve certain financial ratios by eliminating the need to show return on equity from capital investments in non-core areas.

Reduce and Control Operating Costs: Access to the lower cost structure of an outside provider may result in greater economy of scale and is one of the most compelling tactical reasons for outsourcing.

Resources Not Available Internally: Companies outsource because they do not have access to the required resources within the company and they don't want to build these resources from the ground up. A major reorganization may have divested the company of the resource; a subsidiary may have been spun off, etc. Similarly, rapid growth is a strong indicator that outsourcing may be right.

Function Difficult to Manage or Out of Control: Outsourcing cannot solve this problem and should not be asked to do so.

Why Outsource From Us

• Major costs savings in accounting & overhead work
  
• Trained, highly Qualified staff at your disposal anytime you need
  
• Your work is completed and is available to you the first thing in the morning. Turn around time is very short depending upon each project
  
• You pay only for actual work done
  
• The cost of Outsourcing from us can be a fraction of your existing or likely expenditure on that activity
  

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• That the work can be accomplished at significant savings
  
• That the work can be completed on schedule
  
• That the quality of the work is acceptable
  

How does it works ?

The basic source document is scanned and converted into a mutually agreed file format (PDF for example).

This file is transmitted via the Internet to us at the end of the day (U.S. time).
We do the required work of preparing accounts, worksheets, documents etc. as per your specifications.

You receive your work duly completed in the morning - because of the time difference between USA and India of 10 to 12 hours. Which means you have people working for you at night too! This results in major savings of costs and time.