Experts in Business Process Offshore Solutions

Business and technology are in constant evolution. Until and unless we don’t have appropriate technological equipment’s to advertise our business process outsourcing services, it becomes indispensable for the people to have a fair idea about the upcoming business helping solutions firms. One needs to make smart moves in the global market to uplift their business practices.

BPO’s are a new hype in the global market amongst teenagers and the one stop business solutions to BPO services is Mynd Solution Company. Mynd Solutions is a leading firm of BPO management companies providing value-added services to the clients with proper strategic outcomes. The company provides infrastructure hosting, management and application services; project consulting and staff augmentation services with specialized skill sets, including payroll management, HR transaction services, commercial support, etc.

Business process outsourcing companies offer information technology services to support the back office functions of the undeserved middle-market enterprises and outsourcing services to Fortune 500 companies.

Business process outsourcing companies like Convergys, Capegemini are regular clients of Mynd solutions. Their main focus is towards making BPO organization’s more effective in adapting to the changes of the global market. Today the BPO management companies are a priority for the asset management firms which have to effectively manage growths; across global markets, professionally managed assets have grown because of growth in retail sector.

Today, the world markets have matured to be highly industrious, process and segment specific, and there has been a major shift from the initial days of business process services that was relatively simpler. Customers of BPO management companies now expect business process service providers to deliver best-in-class operations, as well as the transformation needed in order to be the best in their respective industries.

At BPO management companies, they understand the changing scenarios of the needs of the customers, and their aim focuses on a combination of operational excellence, industry expertise and transformation capabilities. Their basic focus is to work with the people and help the business process outsourcing companies to achieve their business goals, and partner for next level of improvements in order to attain competitive advantage. 

Fixed Assets Management Made Easy

With great ease solve all your queries pertaining to Fixed Assets Management with the top Fixed Assets Management services from Mynd Solutions. We at Mynd Solutions, provide some of the best Fixed Assets outsourcing Management.

How Mynd Solutions provide some of the top fixed assets management services to its customers?

As part of our fixed assets management services we ensure to study the entire process of existing fixed asset management. Based on the results we then customize and design the setup to be implemented as part of our top fixed assets management services for our clients. Once it has been designed, it is then used for receiving, recording, and transferring of the assets.

With a team of experts, we provide end to end services and solutions for fixed asset life cycle solution provider. Our services include physical verification of fixed assets and reconciliation services, handling FARs in standard ERPs, Fixed Asset Capitalization, Multi-lingual pan India physical verification of fixed asset. At Mynd Solution, we take pride in owning separate teams for industry specific assets, usage of barcode and RFID technology and physical verification and reconciliation processes. As, there are a number of activities which goes into the back end and front end process of managing fixed assets for our clients.

Mynd Solutions is India’s top fixed assets management companies. We provide customized and industry specific solutions with both on-site and off-site solutions. Additionally, we offer our clients several unique differentiators under F&A services that set us apart from the rest.

To know more about our top fixed assets management service, please feel free to contact us through http://www.myndsolution.com/contactus.html.

Payroll Outsourcing Management Companies and Payroll Management

5 Questions to Ask Yourselves Before Choosing the Payroll Management System

Why is payroll management so important? How to prepare an accurate payroll? Should I use payroll outsourcing management services or should I go choose payroll processing management system? Every day, we ask ourselves such questions wherever payroll processing is concerned.

Before choosing a payroll outsourcing services or a payroll processing management system ask yourselves these questions. These questions will help you in understanding your requirement and will enable you take the right decision.

Q.1 What is it that you want a payroll processing management system to do?

A payroll management system should be able to calculate payroll as per the frequency set as per the payment methods set. It should calculate tax and make automatic deductions based on entries filed. Filing of taxation is of great importance because in case of default the organization can face severe penalties. It should also be able to generate reports associated with payroll processing.

Q. 2 What to expect from payroll outsourcing services?

Payroll services from a professional gives you a chance to take your mind off from non-core and labor intensive activities such as payroll management and channelize your energy on more important matters. Payroll outsourcing service providers offer dedicated and real time solutions for all your queries.

Q. 3 Benefits of payroll outsourcing services?

Outsourcing service providers offer a great deal of benefits such as dedicated work force, streamlined processes, accurate documents pertaining to TDS and other compliances, better turnaround time and quick resolution of queries and issues.

                 

Q. 4 Cost Benefit of both?

One has to compare the cost involved in purchasing a payroll processing system or for incurring payroll outsourcing management companies. Cost involved in payroll processing system will be in terms of Infrastructure set up cost, cost of maintaining a team and cost of purchasing the software.

However, the outsourcing service provider already has an existing infrastructure setup, with manpower and required software's etc.

The management has to decide which cost is less and which has more benefits attached to it at the given cost.

Q. 5 What suits your requirements more closely?

Based on the requirements, management has to decide which options offers more benefits as both options has its own merits and demerits.

Answers to these five questions will enable you to decide what is closely related to your requirements and what will be beneficial for your organizations.

Forget worrying about payroll management and focus only on the productive activities of your business. Now, prepare a payroll that is error free and 100% accurate with best payroll processing management system.  Mynd Solutions is a leading payroll outsourcing services provider for effective and accurate payroll management. 

To know more about our services, please feel free to contact us through http://www.myndsolution.com/.

Select the Best Finance and Accounting Outsourcing Services

Finance and accounting management is one of the most time consuming tasks in any organization. Managing finance and accounting management successfully takes a lot of time which can be utilized at the same time other productive activities in the business.  

Hire the best finance and accounting outsourcing services or outsourcing accounting services and grow your business leaps and bounds with focused attention to your core operations. But hiring outsourcing accounting services involves a lot of planning and understanding before finalizing outsourcing accounting services.

However, there are some quick tips as to how you can select the best finance and accounting outsourcing services

1.       Quality of Resource

An organization should hire outsourcing accounting services for finance and accounting management if they feel that by hiring the will get the work completed at a better pace and more efficiently. Additionally, outsourcing accounting services should be hired after considering whether or not the outsourcing company will bring on board better technology and the right talent pool for getting the task completed.

2.       Capability

The capability in terms of finance and accounting outsourcing services of the provider must be thoroughly checked that is whether or not the service provider can fully cater to your needs and has the right expertise to handle your business requirements. 

3.     Cost Benefit

Benefit in terms of cost is one of the biggest drivers for an organization to seek finance and accounting outsourcing services. Therefore, the business must calculate the cost of hiring its own team for finance and accounting management or to hire outsourcing accounting services.

4.       Scale of Operations

The scale of operations of the finance and accounting outsourcing service provider does not matter. However, there is a possibility that a bigger organization will have higher overheads thus resulting in higher cost for the business hiring it. But, it is not necessarily true for all big outsourcing accounting services provider.

5.       SLA of Operations

Hiring outsourcing accounting services for finance and accounting management is beneficial if the tasks are being carried out at shorter SLAs. Maintaining shorter SLAs is not everything accuracy in tasks carried out is of equal importance.

6.       Credentials

The credentials of the outsourcing accounting services provider must be looked into, this will give a fair idea as to what type of clients has been handled by the service provider in the past.

Mynd Solutions is India’s leading finance and accounting outsourcing services for finance and accounting management. We provide customized and industry specific solutions with both on-site and off-site solutions. Additionally, we offer our clients several unique differentiators under F&A services that set us apart from the rest.

To know more about our services, please feel free to contact us through http://www.myndsolution.com/.

Compliance News @Mynd: Telangana minimum wages w.e.f 1st October 2015 to 31st March 2016

Please find enclosed Telangana minimum wages for the period 01.10.2015  to March 31, 2016. 

 http://www.myndsolution.com/statutory-compliances.html

PFB the revised Minimum Wages
Category	Previous Wages			Revised Wages (1.10.2015 to 31.3.2016)
		DA  Points 1169			DA  Points 1185
	Basic	VDA	Total	Basic	VDA	Total
Peon/Attender/ Watchman/ Water Boy/ Helper/ Messenger	3700	4122	7822	3700	4224	7924
Un-Skilled
Weighman/ Kolgari/ Computer Operator	3886	4122	8008	3886	4224	8110
Semi Skilled
Clerk/ Typist/Clerk-cum-Typist/ Godown Incharge/Lineman/ Assistant Salesman/ Asst.Accountant/ Xerox Machine Operator	4102	4122	8224	4102	4224	8326
Skilled
Salesman, Stenographer,Receptionist,Auction Bider, Type Writer Instructor, Electrician, Radio Mechanic, Optical Mechanic, Surfacer, Grinder, Photographer, Photo Artist, Typewriter, Mechanic, T.V.Mechanic, Fitter, Turner, Welder and Plumber, Mason etc.	4520	4122	8642	4520	4224	8744
Highly Skilled
Accountant/ Asst.Manager/ Sales Executive/ Supervisor/ Purchaser/ Store Keeper/ Agent/ Sales Promotion Employees	4722	4122	8844	4722	4224	8946
Manager/ Field Officer/ Development Officer/ Office Incharge/ Computer Programmer	5557	4122	9679	5557	4224	9781

Compliance News @ Mynd: Haryana Government increases minimum wages

This is to bring to your notice that the Haryana Government on September 25, 2015, revised the legal minimum wage in the state by 29% wage for unskilled and 48% for highly skilled workers. The rise will be effective from November 1, 2015.        

Please find below the revised Minimum wages

Category of Workers	Current Wages (Rs.)	Revised wages per month (Rs.)	Revised wages per day (Rs.)
Unskilled	5,886.67	7,600.00	292.31
Semi-skilled A	6,016.67	7,980.00	306.92
Semi-skilled B	6,146.67	8,379.00	322.27
Skilled A	6,276.67	8,797.95	338.38
Skilled B	6,406.67	9,237.85	355.3
Highly skilled	6,536.67	9,699.74	373.07

http://www.myndsolution.com/statutory-compliances.html

Avail the best Accounts Receivables Management Services

A well maintained account receivable management system is very much required by an organization in order to maintain its bottom line. Since, accounts receivables directly impact the cash flows in an organization which in turn affects the entire working capital of the company. Therefor, it becomes all the more imperative for an organization to put in place an accounts receivables management system or take up accounts receivables management services of an accounts receivables management companies. 

Account receivable management system enables an organization to schedule a collection policy from their debtors. An account receivable management system also enables an organization to analyze the cycle of payments and tendency of their customers while making payments.

Maintain an effective account receivable management with accounts receivables management services from Mynd Solutions. Mynd Solutions is a leading accounts receivables management companies in the arena of Accounts Receivables management services. 

With Mynd Solutions, accounts receivables management services your organization can easily chart an efficient credit policy. Being a responsible accounts receivables management companies, we ensure that we maintain the our client’s bottom line.

Mynd Solutions is a one of the prominent accounts receivables management companies and we undertake practices which maximize the returns for our customers. We are a leading accounts receivables management companies and provide comprehensive solutions to all our clients. Though comprehensive, these solutions as flexible as well based on their requirements. 

Some of the significant accounts receivables management services offered by Mynd Solutions an eminent accounts receivables management companies. We ensure that a control is exercised on the receivables outstanding through timely collection and thus, reducing the gaps. Secondly, as a part of our accounts receivables management services we ensure to provide quick resolution to each and every query sent by our customers.

Our accounts receivables management system is an automated system and can be easily configured. For further assistance as a part of our accounts receivables management services, we ensure that our customers can download customized reports related to accounts receivables through the MIS reporting system. 

For detailed information on our accounts receivables management services, please contact us through http://www.myndsolution.com/contactus.html.