BUSINESS PROCESS OUTSOURCING

Transcription

1 abm & associates LLP CHARTERED ACCOUNTANTS BUSINESS PROCESS OUTSOURCING C O N T E N T S Outsourcing 1 the Concept BPO Market 1 Today Why do Companies 2 Outsource? Soft wares 2 we work Services 3 Offered How we 4 work? Pricing 5 Options Why Us 6 Contact Us 7 Outsourcing the Concept... Business Process Outsourcing is the subset of outsourcing that involves the contracting of the responsibilities of specific business function (or process) to a third - party service provider. Source : Business Process Outsourcing means transfer to third parties of a performance of service based functions once carried out within the organization. It is the business reality for large companies across the world among different functions like Finance & Accounting, Customer Care, Marketing, IT and Human Resources. Increasingly small and medium sized organizations are also exploring outsourcing to avail of its multiple benefits. Accounting Outsourcing is helping many businesses reduce costs and survive the economic downturn. BPO Market Today... On the basis of estimate by management consultancy Mc Kinsey and Company, BPO was worth US $ 32 to 35 billion in 2002, that is just 1% of the market for business functions that could be performed remotely, estimated at US $ 3 trillion. An independent survey estimated that software and services outsourcing market is expected to grow over 16-17% to reach USD $ 92 billion by 2013 with finance and accounting being second largest area of outsourcing.

2 P A G E 2 Why do Companies Outsource? junior accountant in staffing costs alone. 3. Grow without bearing overheads in staffing and training. 4. Flexibility in Staffing - Hire us only when you need us. 5. Work gets done faster as we work when you sleep. Benefits of Outsourcing Accounting and Finance Outsourcing can offer multiple benefits to various business such as : 1. Generate Cost Savings between 30-60% on your accounting costs. 2. Realize savings ranging from USD $ 100 to 1800 per month per Outsourcing Mantra : Do What You Do Best And Outsource The Rest Softwares we work with We use the generally accepted bookkeeping and accounting software available in the market. Our team of professional accountants has worked with following software. If you use a different software we can amend ourselves to carry out your accounting functions. MYOB and SAGE QuickBooks Quicken Peachtree Intuit ProSeries Intuit Lacerte Net Suite

3 P A G E 3 Services Offered... Solutions for business needs.. abm & associates LLP exclusively work with small and mid sized accounting firms and businesses, for handling their various accounting and bookkeeping tasks. There was a time when only most of the large corporate could get benefits from outsourcing their operations. But, now it is a chance for SME to also follow the same league and benefit from outsourcing. Today outsourcing is accepted norm worldwide and imperative business strategy to stay in competitive world market. We provide complete range of book-keeping services from preparation of basic accounts to meet all regulatory and statutory compliances. Functioning as an outsourced partner we take complete responsibility of the clients accounting processes allowing management to dwell on more pressing financial issues. Our range of services includes but not limited to : Entry of Transactions Journal Entry Journal Ledger Assets / Equipment Ledger Expenses Ledger Accounts Receivable Accounts Payable Ageing Reports and Summaries Bank Reconciliations Credit Card Reconciliations Financial Statements Preparation Trail Balance Income Statement Balance Sheet Cash Flow Statements Fixed Assets Register Payroll Processing

4 P A G E 4 How we work? There are basically 3 options which you can choose from, for your Finance and Accounting (F&A) outsourcing needs. Process Option 1 FTP SERVER BASED Step 1 Step 2 Step 3 Diagram Send us the source documents You can scan the documents & upload them to our secure server or Fax them to us. We update your books Our team downloads the documents, reviews it, restores the back up of accounting file on our PCs and updates your accounting file. We give you updated books The updated accounting file is uploaded back on to the client account in our secure server from where you can download and restore file at your end. Option 2 REMOTE LOGIN Step 1 Step 2 Step 3 Send us the source documents You can scan the documents & upload them to our secure server or Fax them to us. We connect to your PC via Internet securely Our team connects to your PC using a remote desktop access tool like GoToMyPC.com or Secure VPN. We give you updated books You come the next morning and find the books updated on your computer.

5 P A G E 5 How we work? contd... Option 3 ONLINE ACCOUNTING Step 1 Step 2 Step 3 Process Diagram Send us the source documents You can scan the documents & upload them to our secure server or Fax them to us. We connect to the online accounting software Our team logs in to the online accounting software (e.g. Quickbooks ) and update the books. We update your books and logout You login to the online accounting software and see the updated books. Pricing Options... Need Basis : We can provide you with bookkeeper as per your work requirements, which could be hourly basis, weekly basis or fortnightly basis. Full-time Employees : A bookkeeper will be assigned to your project full-time (160 hours per month) and you will be billed on a monthly basis. We also offer the flexibility of hiring a half resource (80 hours per month) if the volumes are not high. Hourly Rates : This model is suitable for less volume of work. Project pricing : We can provide you cost per project after assessing your needs. If still not satisfied with our pricing structure you can get in touch with us.

6 Supporting P A G E 6 your business everywhere. Why Choose us? abm & associates is Chartered Accountants firm formed by Eight Partners, who had been Proprietors, Individuals or associates in their predecessor firm since the early With more than 26 years in this field, abm & associates LLP is equipped with experienced professional team of Chartered Accountants and having its registered offices at Navi Mumbai, Pune & Kolhapur. We have a successful track record of conducting a fully diversified One Stop Solution for all accounting related needs including Compliance Audit & Assurance, Internal Audit and Indirect Taxation, Outsourcing (including Payroll, Inventory accounting & Fixed assets register, M.I.S. etc) & Management Consultancy. Among our clients are several manufacturing, construction, automotive and distribution companies with annual Turnover ranging from Rs. 1 Crore to 200 Crore equivalent to (2 to 40 Million US $). abm & associates LLP is committed to engagement, team continuity and client satisfaction. We concentrate our entire staff s efforts to the task of understanding and improving our client s efficiencies and effectiveness. We provide services to various commercial and individual clients. Our services often overlap the traditional categories, as a result, our clients enjoy the benefit of our partners' and associates' diversified experience in all the disciplines. In recent years special services for our clients have included professional resourcing, several large acquisition studies, financial projections and organizational analyses of operating policies and procedures, information technology procurement and systems maintenance. Our firm s objective is to provide quality services while maintaining close personal ties to our clients and their executive staff. We are concerned with the financial well being of our clients, and believe that good financial health is the best way to advance the general public's interest in a sound economy.

7 P A G E 7 CONTACT US abm & associates LLP CHARTERED ACCOUNTANTS Head Office Navi Mumbai # 901 Vashi Infotech Park, Plot No. 16, Sector 30A, Vashi, Navi Mumbai Maharashtra, India : Branches Pune # 11/E-2, New Friends Housing Society, Paud Road, Pune, Maharashtra, India : Kolhapur # 1-2, Atharva 7th Avenue, C. S. No.2007, 7th Lane, Rajarampuri, Kolhapur, , Maharashtra, India : info@abmllp.com