1.Assisting Swiss Group to set up subsidiary in India
Assignment Brief
Assisting a Swiss software Group in setting up an Indian subsidiary and managing its back-office.
Result Achieved
DSL initially helped form a subsidiary and obtain necessary regulatory approvals to commence operations in India. Thereafter we have been managing entire accounting and payroll functions for the subsidiary (including book-keeping using the SAP system) for over 10 years.
2.Accounting and Payroll processing support for Media company
Assignment Brief
Management of Back-office accounting and HR functions
Result Achieved
DSL set-up and supported the entire back-office functions of the Mumbai-based television content company from start-up stage to second round of funding from Private equity investors.
3.Setup of Expenditure Management system for Venture Capital Company
Assignment Brief
Implementation of system for expenditure monitoring and control.
Result Achieved
DSL assisted in creating a budgeting structure for estimating operating expenditure under key heads and capturing actual costs against the same. Monthly Variance analysis process was laid down for regularly tracking Budget vs actual costs, to highlight potential problem areas and facilitate corrective measures in a timely manner.
4.Assistance in streamlining accounting function for an Education Consultancy Firm
Assignment Brief
Streamlining the accounting records which were in a state of disorder and disorganization
Result Achieved
DSL in a time-bound manner, assisted an Educational Consultancy Services firm to re-organize accounting records and put in place proper accounting systems and procedures. An MIS system was also put in place to provide timely and relevant information (such as Profit & Loss summary, accounts receivable and accounts payable reports) to assist in decision making.
5.Payroll Processing solution for a Chemicals manufacturing company
Assignment Brief
Monthly Payroll processing for 500 Employees
Result Achieved
DSL implemented a Payroll solution which allows for different salary structures and different monthly payment cycles for each category of employees (Workmen, Management and Top Management).
6. Implementation of on-line Payroll solution for Consultancy Services Company
Assignment Brief
Designing a standardized payroll structure & implementation of an online payroll processing system wherein reimbursements, employee query resolution and issuing of Form 16 can be managed.
Result Achieved
DSL helped to streamline the salary structure as per industry standards and put a correct CTC master in place. ESS was implemented (Employee Self Service Portal) wherein the employees were able to raise query though ticketing system, reimbursement was uploaded and approved on timely basis and digitally signed Fom16 were generated.
7.Accounting and Recruitment Consultancy services for a Swiss Manufacturing Group
Assignment Brief
Advising on strengthening the Accounts Department
Result Achieved
DSL identified gaps in internal controls, defined Standard Operating Procedures for the Accounts Department and helped recruit a Financial Controller to head the Department.
8.Pan-India Recruitment Support
Assignment Brief
Pan-India junior and middle level sales recruitment for a FMCG company.
Result Achieved
DSL assisted the Client in meeting its requirements for over 20 sales staff within a period of 1 month.
9.Recruitment Support to set up a Finance Department
Assignment Brief
Setting up of Finance Department by on-boarding CFO and other finance/ accounting executives for a Legal consultancy services Firm
Result Achieved
A comprehensive hiring strategy was developed and presented to ensure a quick and efficient process. DSL conducted a thorough telephonic screening service, followed by a tailored interview process to best suit the Client. The team ensured there was a good number of candidates shortlisted and presented, ensuring good quality professionals who were both technically strong and a good cultural fit.
10.Fixed Assets Reconciliation Assignment for a PSU
Assignment Brief
Reconciliation of Fixed Assets Register with the books of accounts.
Result Achieved
Creation of an electronic Fixed Assets Register from physical verification records (25,000 assets) and reconciling the same with the Balance Sheet under appropriate heads.