Accounting & Finance BPO

Transcription

1 Accounting & Bookkeeping Solutions For CFO's Office Internal Audit & Assurance Cloud Record Maintenance Accounting & Finance BPO AT ITS BEST

2 02 No matter how hard I tried, my accounting information always seemed doubtful. I jumped from one accounting software to another and hired many accountants, senior and junior. Nothing seemed to work. An old colleague pointed towards ACS. Initially I was skeptical of the wisdom of outsourcing a key support function but then decided to take the plunge. It has been three years since I outsourced my accounting worries to ACS. Since then, accounting information has started to make a lot more sense. Through a completely cloud based solution, no matter where I am, I always manage to stay on top of my receivables. Collections have dramatically improved, and my business decisions are increasingly based on factual information. CEO, INFORMATION TECHNOLOGY COMPANY, SINGAPORE Consulting. Outsourcing. Technology.

3 03 Spend more time on building your core business Outsource to ACS, and develop a truly world-class finance organization ACS is a remote accounting services specialist. Why put up with an expensive and inefficient, in-house accounting function when you can outsource to a robust, efficient and more cost effective solution.

4 04 My colleagues and I were used to not being able to find out exactly where as a business we stood. Our team of internal accountants seemed too busy on a day to day basis with either transactional tasks or with recording information which never got translated into any form of reliable reports. Ever since we outsourced to ACS, not only have we saved a lot in salaries and benefits but have also achieved the ability to have real time clear insight into the business results. No more frustrating reconciliations and ever looming doubts about the accuracy of our accounting information. Planning has become lot easier and our focus is back on business development MANAGING DIRECTOR, INTERNATIONAL TRADING COMPANY, DUBAI, UAE THE BUSINESS CHALLENGE! AN EFFICIENT AND EFFECTIVE FINANCE ORGANIZATION The Outsourced Accounting Advantage In an ever challenging global competitive landscape, smart business owners and finance executives continue to seek to streamline their processes and cut costs in order to achieve high performance and competitive business results. The need for accurate & meaningful accounting, operational and financial information to make informed decisions is universal. Every business owner or CFO wishes to build and manage a finance function that is efficient and effective, i.e. that has the process rigor and control to keep costs in line and which is capable of generating accurate information to help their companies achieve high performance in a challenging, multi-polar world. It is an admirable, yet difficult, task. However, not every business has the capacity to hire and manage a full accounting team, with experts in each area. An alternative and better solution is to outsource the accounting function to a professional vendor that can add variability to the cost base, provide scalability solutions, replace/complement several CFO functions and above all take the functional output quality issues away. ACS provides a full suite of outsourced accounting solutions to businesses of all sizes across a wide range of industries. Our finance specialists and accountants possess international qualifications and have extensive industry experience. Dedicated online accountants Fulltime/Part-time/Hourly Complete Cloud Based Systems Secure Document Sharing With proven methodology, research-based knowledge and the skills of hundreds of professionals across our Global Delivery Network, ACS has a demonstrated ability and track record of delivering measurable improvements in business performance through finance and accounting BPO.

5 05 Make timely & informed business decisions based on accurate and up-to-date financial information Businesses could both underutilize and overpay their accounting staff by having an inhouse Controller or CFO perform basic accounting functions. More commonly, they hire accounting clerks to perform high-level functions they are not qualified to do. This results in either a lack of financial expertise, or disproportionate pay for services.

6 06 ACS'S END-TO-END FRAMEWORK FOR FINANCE AND ACCOUNTING BPO SERVICES How It Works? It is SIMPLE, it is EASY and it is FAST. We do a free assessment of your accounting, bookkeeping and reporting needs, and recommend an optimum solution. Depending upon your business needs the recommended solution could consist of the following components: Online Accounting Software. Online or offline access to your Existing Accounting System. Document Sharing Protocols & secured login for Document Sharing Tools. Online Work Collaboration Tools. Analysis & Reporting Tools. A Dedicated Team of Remote Accountants and Finance Professionals. Voice & Video Communication Tools. Remote Meeting facility. The ACS Advantage ACS's distinctive advantage as a provider of finance and accounting BPO services is in the ability to help companies cover core services, supporting functions and services for the retained functions. Since there is no One Size Fits All solution for unique business circumstances, each individual environment is severed by a custom-developed service chain consisting of different combinations and linkages of these components. You get a fully functional and highly efficient accounting, bookkeeping and reporting function which does not occupy any floor space of your valuable business premises. ACS truly transformed the way we did our accounting. We were initially not very sure of the viability of a long distance relationship and their abilities to understand our processes. I was personally amazed to witness how they customized a solution around our core business processes and was further amazed by their ability to enhance our fundamental controls. All done remotely using technology to its best. After all these years in business, I finally get to see timely and accurate reports that I can base my business decision on. ACS is always there for us when we need them. The guidance and personal level of service is unparalleled. It is sometimes hard to tell that the dedicated staff is not actually & physically sitting in the same building CEO, CONTRACTING COMPANY, ABUDHABI, UAE

7 07 An innovative model for optimized outsourcing We become a fully integrated extension of your management team

8 08 EXPERIENCE THE ACS DIFFERENCE & FUNCTIONAL SCALABILITY ACS s Scalable Accounting Solutions ACS has the capability and experience to fully outsource your internal accounting functions from basic bookkeeping services and data entry to CFO level strategy and expertise. Whatever level of outsourcing you choose to implement, we ensure that your retained functions are fully in sync with the outsourced processes. As your business evolves, so will your accounting needs. Teaming up with ACS, you can grow from being a one person business to a listed company without having to worry about scaling up of your accounting and reporting functions. CFOs who speak with us about a previous, less-thansatisfying experience with finance and accounting BPO often state a common complaint i.e. the performance of their retained organization is at risk when the focus is solely on the outsourced processes. ACS knows that the best outsourcing providers aren't simply "providers" at all; they are partners, joining forces with their clients to deliver high performance across the entire finance organization and beyond. Accordingly, ACS offers experience and guidance in areas such as organization design, finance strategy and talent development so that the retained organization is strengthened and operating in harmony with the outsourced services. A HIGH PERFORMING ACCOUNTING & FINANCE FUNCTION ACS SYNERGY YOUR ORGANIZATION OUTSOURCED FUNCTIONS BOOKKEEPING & GENERAL LEDGER INVOICING & ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE ACCOUNT RECONCILLIATION FIXED ASSETS ACCOUNTING PAYROLL ACCOUNTING PROJECT ACCOUNTING MONTH END CLOSING & FINANCIALS INDUSTRY SPECIFIC REPORTING FINANCIAL PLANNING AND ANALYSIS Consulting SYNC SYNC RETAINED FUNCTIONS FINANCIAL STRATEGY FORMULATION INTERNAL CONTROL IMPLEMENTATION BUDGETING AND FORECASTING RECRUITMENT

9 09 ACS'S END - TO - END DELIVERY CAPABILITIES LEVERAGE A WIDE RANGE OF SKILL SET ACS s Accounting & Finance BPO Skills Parameters As your business evolves, so will your internal accounting, reporting, planning and control needs. An efficient and effective finance organization must possess all the skills needed to address those needs. With ACS as your partner, even with the most basic of relationships, you have access to a wide range of skills that would otherwise be extremely inefficient to develop in-house. SKILLS LEVEL SERVICE DELIVERY CAPABILITY CFO a. Financial Planning & Analysis b. Budgeting & Forecasting c. KPI Tracking d. Credit Management Financial Controller Accounting Manager a. Monthly Financial Reporting b. Industry Specific Analysis c. Accounting Departing Streamlining, Cleanup And Trainings a. Account Reconciliation b. Month End Closing d. Accounting & Financial Systems, Conversion & Upgrades d. Cash Management e. Due Diligence Staff Accountant a. Bookkeeping & General Ledger b. Invoicing & Accounts Receivable d. Fixed Assets Accounting e. Payroll Accounting REDUCE OPERATIONAL COST ENHANCE FUNCTIONAL EFFICIENCY ACHIEVE SCALABILITY & FLEXIBILITY INCREASE BUSINESS INSIGHT

10 10 THE TECHNOLOGY DIFFERENTIATOR LEVERAGE WORLD LEADING SOFTWARE TOOLS Some of The Software We Work With At ACS we team up with the world leaders and develop solutions incorporating the best available technology and software tools. Given below are some of the prestigious names that we work with. Accounting & Reporting Document Sharing Work Collaboration

11 11 Ready to optimize? Take the next step to optimizing your accounting & finance function, develop controls and get clear insight into your business performance. We welcome the opportunity to speak with you to find out how ACS can serve your business needs. To learn more, visit or contact through the contact details given below. CONTACT US ACS Middle East ACS North America ACS United Kingdom

12 Advanced Corporate Solutions All rights reserved ACSSYNERGY, its logo and Business Growth Simplified are trademarks of Advanced Corporate Solutions. Serving clients in three different continents through its strategically located delivery centers, ACS has true global footprint and delivery capabilities. Advanced Corporate Solutions is a Business Consulting, Business Management Technologies Enablement, Business Process Outsourcing and Human Capital Development Company. Originally founded and developed by a group of seasoned business, finance and information technology professionals, it synergizes modern business management & analysis skills, in-depth accounting & reporting expertise and deep understanding of business strategy development with cutting edge business automation technologies to help its clients become high performance businesses, across all industrial sectors. With a primary focus on helping businesses achieve sustainable growth, our strategy builds on our expertise in consulting, business intelligence technology and outsourcing to help clients perform at the highest levels. Using our industry knowledge, service expertise and technology capabilities, we identify new business and technology trends and develop solutions to help clients around the world.