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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><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/<br><br>

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Accounting and Finance Outsourcing: A case study by Finsmart Solutions

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  1. CASE STUDY ACCOUNTING AND FINANCE OUTSOURCING

  2. CLIENT OVERVIEW MediaMagic Technologies Pvt. Ltd. is a product engineering company in the Home Entertainment and Smart Home domain. With 10+ years of industry experience and 30+ corporate clients worldwide, the IT company has built a strong team that brings deep domain expertise to cater full- stack product development requirements of clients.

  3. REQUIREMENTS & GOALS MediaMagic faced a lot of challenges with respect to accounting and visibility of business profitability. The global organization required start-to- end accounts and finance support including vendor management, accounting, MIS, and statutory compliances. With the core team spending a lot of time managing unorganized accounting and finance functions, critical business functions were not getting the right amount of attention.

  4. ACTION PLAN Weekly accounting process set up. Bill booking and vendor payments started on a weekly basis Proactive fund requirement analysis for smarter fund planning. Monthly accounting and closing of books. Setup of weekly trackers for work done. Half-yearly audit recommendation

  5. TECHNOLOGY TRANSFORMATION To simplify the management of accounting and finance data, we supported the transition to Tally and Dropbox. Finsmart Solutions also used modern ERP to simplify the planning and execution of accounting processes.

  6. RESULTS GALORE The whole process of accounting and finance was streamlined. Timely audits and reviews. Support acquisition phase. with due diligence during the Simplified fund planning and management.

  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@finsmartaccounting.com | www.finsmartaccounting.com | +91 98224 06432 (USA) +91 93567 19896 (IN)

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