Procure-to-Pay (P2P)
Managing the P2P process efficiently is essential for maintaining a strong supplier relationship and optimizing cash flow. Our P2P services include:
Vendor Onboarding and Management: Comprehensive due diligence, contract management, and seamless integration of vendor information.
Purchase Order Processing: Creation and management of purchase orders to ensure alignment with budgetary constraints and company policies.
Invoice Processing: Streamlined invoice receipt, validation, and approval workflow to reduce processing times and enhance accuracy.
Payment Processing: Timely and compliant payment processing to maintain positive relationships with vendors and leverage potential discounts.
Dispute Resolution: Addressing and resolving invoice discrepancies efficiently.
Spend Analysis: Detailed spend reporting and analytics to identify cost-saving opportunities.
Order-to-Cash (O2C)
The O2C cycle directly impacts revenue generation and cash flow management. We handle the complete O2C lifecycle, including:
Customer Onboarding and Credit Checks: Setting up new customer accounts and assessing creditworthiness to mitigate risk.
Order Management: Accurate processing and tracking of customer orders to ensure timely fulfilment..
Billing and Invoicing: Creation and dispatch of error-free invoices tailored to client specifications.
Collections Management: Proactive follow-up on outstanding invoices to optimize cash flow and reduce Days Sales Outstanding (DSO).
Cash Application: Accurate and prompt allocation of incoming payments to the respective invoices, enhancing transparency in accounts receivable.
Dispute Management: Identifying, logging, and resolving payment disputes to maintain customer satisfaction.
AR Reporting: Comprehensive accounts receivable analysis and reporting for better financial visibility.
Record-to-Report (R2R)
Our R2R services ensure that financial records are accurate and timely, providing actionable insights for better decision-making. Services include:
General Ledger Maintenance: Ensuring the integrity and accuracy of financial records through regular updates and reconciliations.
Month-End and Year-End Closings: Streamlined closing processes with all necessary reconciliations, journal entries, and reviews for a smooth transition.
Reconciliations: Regular and thorough reconciliations of balance sheets, intercompany accounts, and bank statements.
Regulatory Reporting: Preparation of compliant financial statements and reports adhering to relevant accounting standards (e.g., IFRS, GAAP).
Variance Analysis: Identifying and analyzing variances to provide deeper insights into financial performance.
Fixed Assets: Acquisition to Retirement
Managing the lifecycle of fixed assets is crucial for accurate financial reporting and asset optimization. Our services cover:
Asset Acquisition: Comprehensive recording and tracking of asset purchases, including capitalization and depreciation criteria.
Asset Management: Regular updates and audits to ensure accuracy in asset registers and alignment with physical inventories.
Depreciation Calculation: Automated and compliant depreciation schedules that reflect asset usage and company policies.
Asset Transfers and Reclassifications: Seamless processes for asset transfers between departments or classifications.
Asset Disposal and Retirement: Proper handling of asset retirements to ensure accurate financial reporting and compliance.
Sales and Use Tax Management
Navigating the complexities of sales and use tax regulations can be challenging. We provide:
Tax Calculation and Reporting: Ensuring accurate tax calculations for sales and purchases, compliant with regional and international tax laws.
Filing and Remittance: Timely and accurate tax filing to avoid penalties.
Audit Support: Comprehensive support during tax audits, including documentation and response preparation.
Compliance Management: Regular updates and adjustments to tax practices based on the latest regulations.
Financial Planning and Analysis (FP&A)
Our FP&A services provide the insights needed for informed strategic decisions. We handle:
Budgeting and Forecasting: Detailed budget preparation and rolling forecasts to align with business objectives.
Financial Modelling: Robust financial models to project potential outcomes and support investment decisions.
KPI Tracking: Monitoring key performance indicators to assess financial health and performance.
Management Information System (MIS) Reporting and Dashboards
Effective MIS reporting turns data into actionable insights. Our offerings include:
- Custom Reporting: Tailored MIS reports to meet specific managerial and operational needs.
- Interactive Dashboards: Real-time dashboards for a snapshot view of critical financial metrics.
- Trend Analysis: Identification and reporting of trends to support data-driven decision-making.
