Overview

The venture undertakes offshore finance and accounting outsourcing. The finance and accounting services of the venture is primarily positioned to target two segments - accounting firms and small and medium enterprises.

The services offered by the venture to accounting firms include

1) Accounting and write up services.
2) Accounts payable
3) Accounts receivables
4) Bank reconciliation
5) Financial statement preparation
6) MIS reports
7) Payroll processing.
8) Pension administration and litigation support.
9) Mortgage processing & complaint processing.
10) Tax return preparation (personal & corporate)
11) Depreciation & amortization schedules
12) Budgeting & Financial reporting
13) Asset accounting management

The venture offers the accounting firms an ability to significantly cut costs by outsourcing their accounting and write up services to trained accountants in India. In addition the outsourcing helps the clients to avoid the pressures of a seasonal work pattern on the internal hiring policies and more importantly move the fixed costs associated with these tasks to a variable cost.

The venture's services to small and medium enterprises include full service accounts payable processing like vendor file maintenance, invoice processing, problem resolution, journal entries, bank / accounts reconciliation, year end support, specialized transaction processing like expense reports, accounts receivable invoicing, etc.

Value proposition to small and medium enterprises: The venture proposes to provide end-to-end services from opening of mail, processing the transaction to related reconciliation. With an experienced UK front end and a cost efficient India back end, the venture offers significant domain expertise, onshore account management and cost advantages to its clients.