multiple benefits. Ac-counting Outsourcing is helping many businesses reduce costs and survive the economic downturn.
Business Process
Out-sourcing is the subset of
outsourcing that involves
the contracting of the
re-sponsibilities of specific
business function (or
pro-cess) to a third - party
service provider. Source :
www.wikipidia.com
Business Process Outsourc-ing means transfer to third parties of a performance of service based functions once carried out within the organization. It is the busi-ness reality for large com-panies across the world among different functions like Finance & Accounting,Customer Care, Marketing, IT and Human Resources. In-creasingly small and me-dium sized organizations are also exploring out-sourcing to avail of its
On the basis of estimate by man-agement consultancy Mc Kinsey and Company, BPO was worth US $ 32 to 35 billion in 2002, that is just 1% of the market for
ware and services out-sourcing market is ex-pected to grow over 16 - 17% to reach USD $ 92 billion by 2013 with
fi-Outsourcing the Concept...
C O N T E N T S Outsourcing the Concept 1 BPO Market Today 1 Why do Companies Outsource ? 2 Soft wares we work 2 Services Offered 3 How we work? 4 Pricing Options 5 Why Us 6 Contact Us 7BPO Market Today...
abm & associates LLP
CHARTERED ACCOUNTANTS
BUSINESS PROCESS
OUTSOURCING
Outsourcing Mantra : “ Do What You Do Best And Outsource The Rest” Benefits of Outsourcing
Why do Companies Outsource?
Savings between 30 -60% on your account-ing costs.
2. Realize savings ranging from USD $ 100 to 1800 per month per
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 fast-er as we work when you sleep.
Softwares we work with…
Accounting and FinanceOutsourcing can offer multiple benefits to vari-ous business such as : 1. Generate Cost
MYOB and SAGE
QuickBooks
Quicken
Peachtree
Intuit ProSeriesWe 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.
Solutions for business needs…..
Services Offered...
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 out-sourced partner we take complete responsibility of the clients’ accounting pro-cesses 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
Process
Diagram
How we work?
Step 1 Step 2 Step 3
Option 1 – FTP SERVER BASED
Send us the source doc-uments
We update your books We give you updated books
You can scan the documents & upload
them to our secure server or Fax them
to us.
Our team downloads the documents, reviews it, re-stores the back up of ac-counting file on our PCs and
updates your accounting file.
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
We connect to your PC via Internet securely
We give you updated books
You can scan the documents & upload
them to our secure server or Fax them
to us.
Our team connects to your PC using a remote desktop access tool like
GoToMyPC.com or Secure VPN.
You come the next morning and find the books updated
on your computer. There are basically 3 options which you can choose from, for your Finance and Ac-counting (F&A) outsourcing needs.
Process
Diagram
How we work?
contd...
Step 1 Step 2 Step 3
Option 3 – ONLINE ACCOUNTING
Send us the source documents
We connect to the online accounting software
We update your books and logout
You can scan the doc-uments & upload them to our secure server or Fax them to
us.
Our team logs in to the online accounting software
(e.g. Quickbooks ) and up-date the books.
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 (160hours 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……….
Supporting
your businesseverywhere….
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 1983. 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 cli-ents are several manufacturing, construction, automotive and distribution com-panies 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 effective-ness. We provide services to various commercial and individual clients. Our ser-vices often overlap the traditional categories, as a result, our clients enjoy the benefit of our partners' and associates' diversified experience in all the disci-plines. In recent years special services for our clients have included professional resourcing, several large acquisition studies, financial projections and organiza-tional analyses of operating policies and procedures, information technology pro-curement 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.
www.abmllp.com [email protected]
CONTACT US
abm & associates LLP
