The concept of F&A outsourcing has multiple benefits-
F&A outsourcing is usually a cost-effective proposition for an SME because-
Payroll outsourcing refers to the assistance of a third party (typically a Payroll Process specialist) in handling an organizations salary calculation process and related activities such as preparation of
Payroll Reports/Pay-slips and relevant statutory compliances.
The key benefits of Payroll outsourcing are-
F&A outsourcing firms leverage their experience in assisting the client to transition from an in-house managed to an outsourced service delivery model.
In case of F&A or back-office process outsourcing, the first step typically involved is a complete review of the function in question and suggesting changes required for enhancing process efficiency, quality of routine reporting and efficacy of internal controls. This process often throws up areas or specific activities where outsourcing would be beneficial.
This may be followed by a documentation and implementation of Standard Operating Procedures
(SOPs) for the activities underlying the Function. The SOPs form a blue-print for the entire system of in-house and outsourced activities and can be used for clearly communicating processes to staff, training as well as performance evaluation.
Premier outsourcing firms use a combination of technological and process controls to safeguard confidential client data-
Documents and information can be transmitted to us through electronic mode (by scanning) or physical pick-up, depending on client proximity and associated volumes. Our team is experienced in the process of document handling and processing on an off-site basis.
Documents picked-up are typically returned to the client at regular intervals based on agreed terms.
Yes. However, we only charge for successful placements.