Finance and Accounts Outsourcing (F&A O)

In today’s competitive globalized world, CFOs need to look towards value centers to lower finance and accounting operational costs by outsourcing low-value tasks. The motive behind such Finance and Accounting outsourcing is to cut costs while maintaining robust compliance and streamline processes thus helping companies to focus on core competencies.

This motivation is well understood. Akiilesh ’s team works closely with client’s Finance and Accounting teams to manage the more labor intensive and high volume routine tasks while leaving the high value tasks to the client. Thus, by concentrating only on strategic issues, clients can focus on profitability while cost-effectively managing the basic finance and accounting operations.

By working with our team Accounts and Finance outsourcing team, clients will enjoy the following:

Reduced costs of finance and procurement.
Implementation of best practices across the F&A function
High accuracy levels in all processes up to 99.8%
Increased vigilance on risks and costs

We specializes in the following areas of Finance and Accounting outsourcing services:

Order to Cash Services

Each company needs to closely manage their order-to-cash processes from the time the company receives an order to the time the company gets paid for the work done. Akiilesh’’s accounting outsourcing team has delivered strong value in terms of improving these processes for its clients while lowering operational costs. The various processes that Akiilesh can deliver as a one-stop-shop for the order-to-cash cycle include:

Order Management
Billing / Invoicing
Credit Management
Accounts Receivable
Collections Management
Bad Debt/ Write offs
Deductions

Procure to Pay Services

For a company to deliver an end product/ service to their client, they need to get other resources as raw materials or inputs for the completion of the product / service. This cycle of procure-to-pay is an essential aspect of the F&A team’s operations, something that Akiilesh’s team is cognizant about. That’s why Akiilesh works hard to ensure that these processes are worked on within the Service Level Agreement (SLA) accurately. The processes that Akiilesh’s Finance outsourcing team can help clients for procure-to-pay include:

Sourcing
Procurement Support
Vendor Management
Payment Processing
Invoice Processing

Records to Report Services

Companies globally are facing more and more pressure to ensure compliance and governance of their accounting function to provide accurate data on company reports and filings. The CFOs also need to ensure that monthly operational deadlines are met in order to close books monthly, quarterly and annually. That is where, working with an experienced company like Akiilesh’s team helps streamline the operations while still meeting the deadlines. Akiilesh’s highly experienced team can help deliver world-class services across global markets for the following accounting functions:

Accounts Reconciliation
Accounts Payable
Accounts Receivable
General Ledger
Book Keeping
Financial Statements and Reports
Regulatory reporting
Audit Support

Taxation Support Services

Companies are facing increasing scrutiny by government bodies such as the IRS in USA to ensure tax compliance of companies in order to discourage possible tax avoidance by corporations. That is why the onus is unto companies to ensure that their taxes are in order and on-time. Akiilesh’s team can help companies achieve the levels of tax compliance they want to reach while reducing the operational costs of doing this. Akiilesh’s team F&A outsourcing services can help companies with:

Payroll Tax
Tax Validation
Tax Returns preparation
Tax Forms auditing

Claims Processing Services (insurance, medical)

With the number of claims increasing every day, it has become sensible to outsource the insurance claims process to improve the efficiency of the claims administration process. Offshoring the insurance claims process gives you access to highly skilled professionals – 24×7. Akiilesh’s flexible insurance and medical claims processing services offers you customized solutions to fit your claims processing needs – accurately and effectively.

we work closely with client’s Finance and Accounting teams to manage the more labor intensive and high volume routine tasks while leaving the high value tasks to the client. Thus, by concentrating only on strategic issues, our clients can focus on profitability while cost-effectively managing the basic finance and accounting operations.

Order to Cash Services- Based on client needs to closely manage their order-to-cash processes from the time the company receives an order to the time the company gets paid for the work done.
Procure to Pay Services:- We could deliver an end product/ service to client’s client, they need to get other resources as raw materials or inputs for the completion of the product / service. This cycle of procure-to-pay is an essential aspect of the F&A team’s operations.

Records to Report Services: Our highly experienced team can help deliver world-class services across global markets for the following accounting functions:

Accounts Reconciliation
Accounts Payable
Accounts Receivable
General Ledger
Book Keeping
Financial Statements and Reports
Regulatory reporting
Audit Support

Taxation Support Services: Our company can help client companies achieve the levels of tax compliance they want to reach while reducing the operational costs of doing this our outsourcing services can help companies with: