Finance and Accounting (F&A) processes have become prime candidates for outsourcing with CFOs leveraging BPO as a strategy to change their operating models. Outsourcing F&A services not only enables the firms to focus on value added services, but also to reduce costs and bring process Efficiencies.
Synmac' Finance and Accounting (F&A) outsourcing solutions supports end to end functions of financial organization across industries.
We focus on improving service performance and reducing transaction costs through our proven process re engineering methodologies, technology innovation, domain expertise and global service delivery capabilities. Our full value BPO deployment model consists of flexible delivery models, robust implementation and transition methodologies, industry best practices and innovative pricing models.
Service offering rate development, Opportunity Consulting including Deal Support and Pricing Strategy Development, P&L and Balance Sheet Analysis, Variance research, GAAP adjustments.
Support CFO Organizations in preparation of the Budgets based on the historical data and business changes, Forecasting for the months, Variance Analysis between forecast and actual.
Standard reports and queries, Preparation of financials, Trial Balance Management.
General Ledger Account Reconciliations, Intercompany Billing, Reconciliation, Administration, General Ledger Account Master Maintenance and Journal Entries.
SOX testing, Process Audits, Audit support
Vendor data maintenance, Vendor helpdesk, Query resolution, Contract Management.
Purchase Orders, Mail Room, Invoice processing, Vendor Reconciliation, Travel & Expense Claims, Issue resolution, Payment and Reporting of key metrics.
Order Entry, Customer Database Management, Billing, Collections, Customer Help Desk, Reconciliations and Cash Application, Reporting of unapplied Cash and Strategies Management support to reduce unapplied Cash through Six Sigma process Experts.
New asset set-up, Maintain database, Asset transfers, Disposals, Reconciliations and Reporting.
Cash forecasting, Bank reconciliations.
Payroll Administration, Preparation and processing, Checks and EFT, Reconciliation, Third Party Payments, Tax Reporting and filing, Miscellaneous field reporting.