Finance and Accounting Outsourcing

Offshoring/Outsourcing

  • Many small businesses, start-ups, and entrepreneurs find it challenging to hire an accountant. Especially with the right skills toprepare their company’s financial statements, manage bank account operations, analyze financial data, and prepare theoutgoing invoices.
  • Nowadays, it is even more challenging to find a qualified and eligible person at an affordable rate
  • ccounting and other services. Interestingly, most small companies that outsource are not feeling comfortable doing the accounting/related services on their own
  • Even though it is commonly believed that accounting and bookkeeping must be done inside of the business. But it is essential to ask yourself whether you have the necessary skills and experience to do this job. Also, do your staff has enough experience to coup with increasing tasks. To add it up, 62%
  • Due to this fact, you might consider outsourcing accounting/related services services to a company that is with the right knowledge and qualifications. Also, which company can do the same job more qualitatively and cost-effectively.
  • For the same reason, many executive directors have noticed various positive aspects of outsourcing bookkeeping and accounting services. Importantly, outsourcing such services should be without any adverse effects on their business, employees, and customers

Finance & Accounting Outsourcing

Career Carez has over 5 years of extensive experience in finance and accounting outsourcing services. We help organisations
streamline, re-engineer and speed up their F&A processes, ensure compliance and thus boost productivity.
In today’s ever-changing and competitive world, the Finance and Accounting function is one of they key functions being tracked by
management teams to continuously drive high performance and business improvement. Ongoing pressures to optimize business
performance have prompted many CFOs and finance executives to look for new approaches, including outsourcing of the finance &
accounting function.
This solution enables a complete transformation of the F&A process, as well as facilitating seamless operations across several countries
in a global environment. With Career Carez finance and accounting outsourcing services, you can be assured that your fiscal and
regulatory risks are being managed effectively

What we Offer

Calculator and Tax Forms Inside the Clear Envelope
  • Integrate And Streamline Services : Our clients benefit from a variety of services that we provide using leading technical accounting, tax, and technology platforms which help us to meet individual needs. From accounts payable to MIS reporting, we have covered it all for you
  • Managing Complex Transactions : Our F&A outsourcing solutions restructure companies’ back-office processes in purchasing, sales, and employee expense reports – i.e., from order to cash and procure to pay.
  • Accounting And Reporting : We provide client dashboards that track key performance indicators (KPIs) and financial and operational reports that give clients a quick overview of how their business is doing in real-time

Array of Finance & Accounting Outsourcing Services

  • Accounts Payable : We meet vendor payment SLAs and give valuable MIS for vendor performance and cost reduction decision making.We assist in increasing the efficiency of the entire accounts payable process without adding more labor
  • Accounts Receivable : CC accounts receivable outsourcing makes time for you and helps you manage your cash flow in a streamlined manner. We utilize appropriate account receivable software according to company needs to reduce chances of build-up debt
  • Financial Reporting And MIS : CC identifies errors, ensures accurate and dependable internal audit of financial statements. Our experience in accounting review services helps you prevent unpleasant surprises during the audit period
  • GL Data Entry : CC professionals provides monthly data entry services to keep the accounting books updated and helps in performing smooth Month/Quarter/Year End Close.
  • Balance Sheet Reconciliations :We provide reconciliation services to balance all the balance sheet accounts and to identify if there are any reconciling/open items. We also provide support for any backdated error or open items in Balance Sheet accounts
  • Internal & External Audit : CC professionals are well versed with the audit procedures and provides support for all type of Internal and External audit by keeping the complete audit trails and documentation. CC can provide support either from end to end audit from PBC list till signing of the Financials or can provide support in making the data available to the auditors as per the requirement
  • Tax Compliance : CC professionals will work with the local tax contact and provide the support in filing the local tax requirements

Key Differentiators

  • Responsive Customer Support : You can reach out to our account manager in case of any support needed. An account manager will be assigned to you at the time of starting the outsourcing engagement.
  • Data Protection : Our goal is to keep your information safe and secure, and we will do all that we can to ensure that happens. Maintaining the privacy of your information continues to be our top priority
  • Optimum Use Of Financial Resources : CC professionals analyze the financial reports and offer insights for better budgeting and forecasting, oversight of internal controls, and other key performance metrics.
  • Stability And Flexibility : Most of our early customers have continued to be with us for more than 4 years. They value the stability provided by CC teams. We can also scale up or down the resources deployment as per seasonal variations in business requirements.
  • Updated Regulations : CC professionals are up to date with the ever changing rules for compliance and taxes.

Benefits of F&A Outsourcing Services

  • Save costs of personnel and other infrastructure
  • Tight SLA (service level agreement) for the deliverables
  • Quick turnaround time (TAT) resulting in increased efficiency.
  • Centralized compliance tracking processes to meet deadlines.
  • Improved financial visibility and control with integrated tax compliance.
  • Gain access to a proficient team & “virtual” CFO to act as a support system
  • Access to the latest software to carry out accounting activities.
  • Robotic Process Automation (RPA) to handle high volumeswith less resource