We provide flexible Accounts Payable services which facilitates the customer with the ability to transform their accounts payable process into an automated system, resulting in lower processing cost, improved controls, higher services and higher business intelligence. We focus on following areas:
- Processing of vouchers/invoices
- Payment process
- Reconciliation
- Time schedule
We have a system in place to run Payroll for Manufacturing, Banking, Trading, Finance Companies and other Corporates. The reports can be customized as per the client’s specific requirements and our major focus is on:
- Generation of Master data
- Generation of payroll
- Payment processing
- Taxation effect
- Generation of pay slips
- Deductions for Advances and Statutory purposes
Finance is the life blood for any thriving organisation and a good CFO brings the desired structure and sanctity to the role given the case for ever evolving laws and regulations. Further, where the business involves cross border transactions, the need to engage and work with professionals across jurisdictions is inevitable and makes the role extremely complicated. For start-ups this is a cost better not front loaded given their organisational priorities and limited resources. For many businesses, this could be a significant cost which may not warrant an adequate return on investment. A strong organisational CFO substitutes the need for an expensive individual and replaces the profile with an entire team for the designated role at a fraction of the cost. Our CFO offerings are as under:
Global CFO:
Global CFO/ project management has been one of niche offerings to clients intending to grow their businesses inorganically across geographies. In this offering, a client proposes his intention to engage into a particular business in a specific geography and states his intended business model.
Through our network of professionals, we perform a detailed feasibility of the proposed business idea and submit a “Business Feasibility Study”. Basis the study, if the client intends to proceed with the opportunity, our team proposes a “Practical” business structure for investment and repatriation of profits in the most efficient and compliant manner. Further, we implement the structure and manage the on-going compliance & regulatory needs of our clients throughout the business life-cycle across jurisdictions. Our Global Project Management offering has been one of our significant and path-breaking solutions which has facilitated many small/mid businesses to enter into the bigger league globally.
Virtual CFO:
Setting up businesses in unknown geographies could be a daunting task for small and mid-sized businesses given the ambiguities involved and the myriad of domestic compliance.
Engaging a full-time executive CFO may not justify the investment involved since significant part of the work is front loaded and subsequent activities are more in the nature of maintenance engagements.
Virtual CFO is a seasoned finance professional who helps you in running your finance function with his expert advice and hands on involvement. As a virtual CFO, we engage a dedicated resource who shall perform the following activities:
- Monitor the compliance of pre-agreed budgets and operating business plan of the Company;
- Review the costs/expenses above the pre-decided threshold level before the payment is made by the Company
- Supervise the accounts team and Reviewing and presentation of MIS to the equity investors on a periodical basis
- Assist in budgeting & forecasting including sensitivity analysis under different market scenarios
- Assist on implementing financial processes & controls in conjunction with client team
- Reviewing compliance of direct and indirect tax, Companies Act matters, ROC filings, etc. in conjunction with the Company officials
Start-up CFO:
India is touted as one of the fastest growing start-up hubs of the world, particularly post COVID 19 and is home to some of the largest unicorns in this space. The common challenge faced by every start-up entrepreneur is that, how their dream idea can become a sustainable business? Myriad of questions like what would be the constitution? How do I get to structure my relationship with my co-founder? How do I structure ESOPs for my initial employees? How to negotiate my initial investment deals? These and many more questions need to be successfully addressed before a start-up gets to set the ball rolling.
We work closely with start-up hubs and entrepreneurs to ensure their structure is in place, their legal and regulatory obligations are honoured and their finances accounted appropriately. Our Start-up CFO solution ensures that start-ups have a dedicated professional at a fraction of the cost to meet the requirements of a fledgling business till they grow to hire their own legal and finance team.
We have a dedicated team which caters to providing back to back, full-fledged, services for foreign companies partnering with Indian companies. It includes everything right from inception of the thought to successful implementation of it. Following are our speciality services, all under one roof:
- Choosing the right legal vehicle
- Identifying a foreign strategic partner for your company
- Initiating discussions and formalising them on a MoU
- Selecting optimum tax structures so that Foreign as well as Indian company has to bear minimum tax burden
- Getting approvals from RBI for FDI
- Valuation report which is mandatorily required by Law
- Reporting compliances subsequent to closure of the transaction
Indian companies are becoming increasingly global. Both imports as well as exports are multiplying exponentially. Many JV opportunities have already come up and will
continue to come up for next couple of years. The most attractive sectors for foreign collaborations include Ceramic industry, Sanitary-ware, Speciality Chemicals, FMCG, Engineering, Capital Goods, Automobiles & Packaging. A foreign transaction requires application of various provisions prevailing within as well as outside India. It is important to have a combined understanding of provisions of Income Tax Act, FEMA, FDI Guidelines and other RBI norms to ensure that advice to a client is thoroughly compliant with the provisions under each of the different Acts prevailing in India
We have a dedicated knowledge desk that caters to the client’s requirements of complying with RBI &FEMA. We can help you with the following:
- Valuation as per RBI norms
- Filing of Form FC-GPR, FC-TRS, or any other compliance form, mandatory under the guidelines of Foreign Direct Investment
- Getting requisite approvals from RBI
- Arranging for your Overseas Direct Investment (ODI)
- Coordination with RBI for dealing with complaints