Rethinking Offshore | Quality First
Common Pitfalls of the existing Outsourcing Model
AMA Differentiated Model
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100% delivery out of India will lead to sub-par quality of deliverable
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High attrition rates requires constant involvement by US counterparts
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Training methodologies typically not optimized for BOTH US and India needs
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Heavy involvement of US professionals in project management, leading to minimal benefits of outsourcing model
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Issues with communication - especially written deliverables
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We spent years building a Proprietary Model & Training program based on our experience building Big4 outsourcing practices and working with direct clients
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Our delivery model includes US resources to ensure best practices and easy communication
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We offer bucketed hours and the option to utilize different services; this provides our clients scalability and capabilities enhancement at locked in rates
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Multiple engagement models optimized to clients’ needs
Advantages of Partnership
Partnering with us opens the door to a world of opportunities, where collaboration becomes the cornerstone of success.
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Services Enablement/Enhanced capabilities
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Cost savings
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Client Retention
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Focus on Core Business Activities
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Scalability
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Reduced Staffing Burden
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Expertise and Specialization
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Confidentiality and Security
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Customizable Plans
Our Services
Accounting Outsourcing
Our teams have signifcant experience in running and operating fnancial systems and applications including NetSuite, SAP, Oracle, QuickBooks etc. ur experienced teams can run fnancial accounting function with minimal supervision and direction. We ensure that transactions are recorded appropriately and per US GAAP with appropriate levels of internal controls. Our teams review, analyze and fag any potential issues to ensure timely remedial action.
Our teams can manage end-to-end process related to procurement and revenue. Our teams can create purchase orders, receipt of vendor invoices, vendor payments etc. Similarly, we can manage end-to-end process related to revenue including creating customers accounts, invoicing, and recording
- Recording day-to-day financial transactions and maintaining financial records
- Weekly reconciliations of bank accounts, credit cards, investments etc.
- Preparation of accounts reconciliations (bank, AR, AP, inventory, fixed assets)
- Posting journal entries in ERP
- Creating vendor records in ERP or procure to pay system
- Creating purchase orders and submitting for approval to business teams
- Receipt of vendor invoices, checking with PO and contracts and obtain approval
- Assist in making vendor payments
Advantages of Partnership
Partnering with us opens the door to a world of opportunities, where collaboration becomes the cornerstone of success.
-
Services Enablement/Enhanced capabilities
-
Cost savings
-
Client Retention
-
Focus on Core Business Activities
-
Scalability
-
Reduced Staffing Burden
-
Expertise and Specialization
-
Confidentiality and Security
-
Customizable Plans
- Accounting Outsourcing
Our teams can manage end-to-end process related to procurement and revenue. Our teams can create purchase orders, receipt of vendor invoices, vendor payments etc. Similarly, we can manage end-to-end process related to revenue including creating customers accounts, invoicing, and recording.
Financial Accounting Support
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Recording day-to-day financial transactions and maintaining financial records
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Weekly reconciliations of bank accounts, credit cards, investments etc.
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Preparation of accounts reconciliations (bank, AR, AP, inventory, fixed assets)
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Posting journal entries in ERP
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Recording, maintaining and financial accounting of fixed asset and inventory.
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Managing monthly close activities including prepaid, accruals
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Preparing financial statements on either monthly or quarterly basis
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Preparing ad-hoc management reporting schedules
AR and AP Support
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Recording day-to-day financial transactions and maintaining financial records
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Weekly reconciliations of bank accounts, credit cards, investments etc.
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Preparation of accounts reconciliations (bank, AR, AP, inventory, fixed assets)
-
Posting journal entries in ERP
-
Recording, maintaining and financial accounting of fixed asset and inventory.
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Managing monthly close activities including prepaid, accruals
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Preparing financial statements on either monthly or quarterly basis
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Preparing ad-hoc management reporting schedules
Audit Support
- —Assist in conducting walkthroughs
- —Perform testing of controls
- —Perform substantive procedures including test of details
- —Co-ordination for independent confirmations (Bank, AR, AP, legal letters, management representation letters)
- —Testing of Journal entries
- —Assist in audit documentation including preparing audit work-papers
Assurance Support
- —Prepare detailed audit plan including identifying significant accounts, significant processes and materiality
- —Audit of financial statement close process
- —Review of 10-K, 10-Q or financial statements
- —Assist in reviewing tax matters and Internal audit reports
- —Review financial statement checklist prepared by client
- —Assist in preparation of audit checklists
- —Perform concluding procedures
- —Prepare audit committee presentations
Accounting Outsourcing
- —Preparation of accounts reconciliations (bank, AR, AP, inventory, fixed assets)
- —Posting journal entries in ERP and fixed asset accounting.
- —Payroll processing and accounting
- —Posting revenue invoices and vendor invoices and payments in ERP
- —Preparing ad-hoc management reporting schedules
- —Managing monthly close activities including accruals
- —Assistance with preparation of audit schedules and audit support
- —Audit readiness and remediation
SOX and Internal Audit
- —Assistance with SOX documentation including process flowchart and risk control matrix
- —Perform control walkthrough and document results
- —Test controls and document results
- —Test SOC-1 and SOC-2 reports
- —Test ITGC and IT application controls
- —Identify any control deficiency, significant deficiency or material weakness
- —Put together remediation plan and re-test controls
- —Assistance in testing for internal audit
Accounting Advisory
- —Preparing financial statements including footnotes, 10-Q, 10-K and MD&A
- —Preparing financial statements checklist
- —Benchmarking disclosures and accounting practices with peer or industry
- —Doing research on accounting issues and disclosures practices
- —Draft accounting policies
- —Draft technical accounting memos
- —Assistance with share-based payments accounting, reporting, and data management
- —Ad-hoc assistance related to accounting and reporting matters
Talent Footprint
Expertise in US GAAP, IFRS, Audit and Assurance, Risk and Controls, SOX Testing, Operational Accounting, and Financial Reporting
Wide range of technologies including: SAP, NetSuite, Oracle, Proprietary audit tools of Big4 accounting Firms
Life Science, Pharma and Healthcare, Industrials and Chemical, Manufacturing, Warehouse and Distribution, Real Estate and Infrastructure, Fintech, SaaS, Health and Beauty and Private Equity
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Senior Managers
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Managers
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Seniors
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Seniors (Accounting Bachelors)
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Senior Managers (CAs)* > 10 Yrs. of Exp.
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Managers (CAs) > 5-8 Yrs. of Exp.
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Seniors (Accounting Bachelors or MBA)
> 10 Yrs. of Exp.
> 10 Yrs. of Exp.
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Seniors (Accounting Bachelors)
> 5-7 Yrs. of Exp.
> 5-7 Yrs. of Exp.
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Staff (Accounting Bachelors)
> 1-5 Yrs. of Exp.
> 1-5 Yrs. of Exp.
Talent Footprint
Capabilities | Experiences
Expertise in US GAAP, IFRS, Audit and Assurance, Risk and Controls, SOX Testing, Operational Accounting, and Financial Reporting
Wide range of technologies including: SAP, NetSuite, Oracle, Proprietary audit tools of Big4 accounting Firms
Life Science, Pharma and Healthcare, Industrials and Chemical, Manufacturing, Warehouse and Distribution, Real Estate and Infrastructure, Fintech, SaaS, Health and Beauty and Private Equity
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Audit and Assurance
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SOX and Internal Audit
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Accounting Outsourcing
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Accounting Advisory
Client results
Explore our success stories to see how we have helped businesses like yours overcome challenges and achieve tangible results.
- Our expertise
Craft effective strategies to drive competitiveness and achieve business objectives.
Streamline operations and improve efficiency to maximize productivity and reduce costs.
Gain valuable insights into your target market, competitors, and customer needs.
Navigate organizational change smoothly and ensure successful implementation.
Our partners with leading technology providers to guide our clients through the implementation process.
Related Insights
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Data Privacy
—Data being the fuel of the modern era when exposed to risks can deter the organizations concept of a going concern. With the pursuit of providing seamless and quality-oriented work, we make sure to keep the data under strict supervision and with due care.
Confidentiality: In performing the services, we do not use directly or indirectly, confidential information for the benefit of any person, entity, or organization other than the client or US Firm, or disclose such Confidential Information without the written authorization of the client or US Firm.
Data Protection: We ensure appropriate technical and organizational measures designed to protect against unauthorized or unlawful processing of the clients’ data and against accidental loss or destruction of, or damage to, the client’s data.
Understand Data Risk: Assess data usage and risk against customer and regulatory responsibilities.
Secure Data Sharing: Protect personal data with security controls to deliver trusted experiences
