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Accounting and Finance Outsourcing: A case study by Finsmart Solutions

Finsmart has been delivering outsourced accounting and finance services with over 15 years of experience. With the same zeal, Finsmart rendered the accounting and finance outsourcing service to Media Magic, an emerging IT firm in India, and decided to represent it through an accounting outsourcing case study.<br><br>Below are the major highlights of this accounting outsourcing case study:<br><br>Client overview<br>Requirements & goals<br>Action plan<br>Technology transformation<br>Results<br>Client review<br><br>https://finsmartaccounting.com/month-end-accounting-close-checklist/

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Accounting and Finance Outsourcing: A case study by Finsmart Solutions

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  1. CASE STUDY ACCOUNTS AND FINANCE OUTSOURCING www.finsmart.co.in

  2. CLIENT OVERVIEW Codezeven Software Private Limited is a leading IT solutions provider that specializes in website design, development, and technology solutions. The company specializes in technology products that are scalable, secure, and performance-oriented.

  3. REQUIREMENTS & GOALS Codezeven's management faced a lot of challenges with respect to accounting and visibility of business profitability. With core team spending a lot of time on accounting and finance, critical business functions were not getting the right amount of attention. While collections against Domestic Revenue were a major challenge in front of the IT brand, there were other accounting bottlenecks as well.

  4. ACTION PLAN Process set up for advance tax calculations. Weekly accounting process deployment. Creation of weekly outstanding AR reports. Process setup for vendor payments, invoicing, monthly MIS, and review calls with management for analysis of MIS.

  5. TECHNOLOGY TRANSFORMATION To improve response and simplify the bookkeeping system, we supported the transition from Tally to Quickbooks. Finsmart Solutions also used modern finance software to simplify the planning and execution of processes.

  6. RESULTS GALORE Massive time savings for management. Tax savings worth lacs every financial year. Timely reports and support. Identification of tax rate errors, leading to savings. Streamlining of accounting and finance functions.

  7. CLIENT REVIEW

  8. WANT SIMILAR SUCCESS STORY? Our customer-centric service models, domain expertise, and use of the latest accounting technologies have helped us earn a global name in accounting outsourcing. Discuss your financial goals over a free consultation session. info@finsmart.co.in | www.finsmart.co.in | +91 98224 06432

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