Finance and Accounting have become specialized functions with extremely strong process controls
(e.g., Sarbanes Oxley or SOX), as well as compliance rigor, both of which demand that strong quality
methodologies be in place. The efficiencies of the finance function can be a real source of competitive
advantage to your firm.
Finance and Accounting (F&A) have become prime candidates for outsourcing with cost cutting and focusing on
core activities at the top of the agenda for CFOs in various industries across the world. In addition, many
Certified Public Accounting (CPA) firms have begun shifting tax-compliance and other accounting work overseas.
Outsourcing accounting services offshore not only enables these firms to focus on value-added services, but also
to reduce costs and improve turnaround time. The hectic tax season presents numerous challenges to CPA firms.
While new business is clearly desirable, it is often difficult to recruit temporary qualified staff to support
the work.
RANSI provides end-to-end Finance & Accounting processes. These processes are combined with call center
services to deliver superior customer and vendor support, as well as risk management and continuous
improvement programs to further enhance quality and efficiency. RANSI works with enterprises to streamline
their accounting processes enabling them to strengthen vendor relationships, reduce operational costs and
improve resource utilization.
Our services include general bookkeeping services to high-end financial analysis, scoping studies to specific
transaction support (accounts payable, accounts receivable, general ledger), tax services, and shared services.
Our services are backed by domain expertise, a customized tool set and extensive management experience
focused on:
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- People development
- Best practices
- Process harmonization and continuous improvement
- Robust governance
- Risk management through robust control environment
- Vertical view of F&A
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Services
Order to Cash
- Credit management
- Order management
- Invoicing
- Collections
- Helpdesk
- Dispute resolution
- Banking and cash application
- Customer master maintenance
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Plan to Result
- Reconciliations
- Fixed asset accounting
- Project accounting
- GL accounting
- Bank operations
- Ledger reconciliations
- Balance sheet reconciliations
- Cash flow forecasts
- Internal MIS and exception reporting
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Procure to Pay
- Purchase order validation
- Invoice verification (2 way / 3 way matching)
- Accounts payable
- Vendor payments
- Employee T&E
- Vendor management
- Contract management
- Helpdesk vendor / employee
- Reconciliation
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Financial Analysis & Management
- Performance analysis
- Monitor expense against budget
- Tax compliance and planning
- Internal audit
- Risk management
Compliance Reporting
SOX reporting and dashboards
US GAAP compliance
VAT requirements
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