Tired of managing your back-end accounting function: Adopt Mynd's Bookkeeping & Accounting Services

Accounting Outsourcing Services by Mynd

Outsourcing of complete book keeping & accounting operations is an ideal selection for most small to mid-sized businesses as well as newly formed companies. Such businesses do not have the time and resources as well as the critical mass available to keep them updated with dynamic and complex Taxation & Corporate Laws. Hence to alleviate the above issues, Mynd offers complete Accounting services that encompass an array of transactional and controllership functions for F&A services across multiple industry verticals in a completely scalable model.

Our Bookkeeping & GL Accounting services are capable of facilitating companies of any scale to accomplish their core business goals with minimum cost involvement while getting the benefits of specialists in a shared services model. The Scope of services offered by Mynd as part of its GL Accounting & Bookkeeping offering is as below:

• Book keeping & Accounting as per applicable GAAP/IFRS
• Inventory and COGS Accounting
• Vendor Payment
• Employee Expense Reimbursement
• Invoicing & Collection from customer
• Fixed asset accounting
• Reconciliations

• Month End/Period Closing
• Management Reporting
• Cash flow Statement & forecasts
• Audit Support
• Consolidations of financials statement.
• Controllership activities
• Virtual CFO Services

Mynd Solutions delivers accounting services through a mix of Onsite and Offsite Models. The onsite teams are stationed at the client’s office to perform the frontend accounting tasks; while the backend support & reporting functions are delivered by our Central facility in India. The other model is wherein we are servicing the entire accounting function of clients through an Offsite model and all processing is completed at Mynd’s premises.

Mynd proposes many advantages to clients seeking to outsource their Accounting Functions, as per below details-

• Availability of large pool of trained and speciallized manpower
• Knowledge pool through specialized cells. Eg: Direct Tax/Indirect Tax/Company Law
• Scalibility of operations

• Adoption of industry best practices and automation of processes leading to standardization
• Clients get the advantage of Virtual CFO/ Controller at highly affordable costs
• Handover of accounting processes to Mynd, enables the client to maintain their focus on the core business functions

http://www.myndsolution.com/finance-accounts-outsourcing.html

Mynd's Customized service delivery for Small to Mid-Sized Business Owners...

As an SME business owner, we understand that you have a strong penchant for growth and a rock solid perseverance to stay ahead in the game. As your company grows, do you find yourself spending too much time inyour non-core business and not enough time on your core business? That is why you need business partners who can anticipate your requirements, rather than just try keeping pace with your thinking.

Our Small to Mid-size Business Solutions can assist you with tasks such as bookkeeping, small business accounting, Controller etc., as well as accounting systems automation and integration. We help you free up your time to focus on running your company by offering a full range of business solutions. We have created a solution for small to mid-sized businesses that can be tailored to your specifications. Our customized small to mid-sized business solutions can also include functions such as data entry and offering specialized manpower.

Our custom solutions help SMEs to overcome their unique set of challenges as compared to the larger players including:

• How do we get relevant, practical, and implementable advice?
• How can I make the most of the limited resources we have?
  
  
  
  
• Can someone help me to plan big but implement small?

We at Mynd would like to change that scenario by making easily implementable advice available to SMEs in a cost effective manner on an ongoing basis. We bring with us experience gained during our careers with large consulting firms and will leverage the same to benefit your business. This will include support in various business domains with the aim to enable you to be more competitive in the market place. We have a tailor made version for SMEs which can scale once you grow into larger organizations.

Specialized services on offer by Mynd to SMB owners:

HR Outsourcing

Specialized Manpower

Accounting services on varied platforms

Taxation

Effective Vendor Management by Mynd Solutions

Mynd understands that while making payments efficiently, cost-effectively and accurately are pivotal to every well-managed account payables function in the organization; simultaneously Supplier and Vendor’s satisfaction is measured by the ease of process offered in handling invoices and turnaround time for payment. Keeping the above concept in mind, our accounts payable service offering aims at striking a balance between process optimization and supplier satisfaction.

Organizations that have been in business operations for some duration of time are often completely occupied with several service providers and vendors facilitating their functions. Of the many vendors that service Global companies, some might be strategic however the majority are largely utilizing for executing routing tasks only. 

Irrespective of the number of vendors being on a lower side or even in larger organizations having multiple vendors numbering in the hundreds; the entire process of managing vendors is essentially a laborious and costly affair. The time-consuming process of managing multiple vendors leads to wastage of manpower resources, which might have been allocated to more strategically useful processes. 

A huge amount of leadership time and energy is wasted in the quest to manage multiple providers, thus deviating the attention from core focus areas including- management of overall infrastructure and operations of the organization. It is a well-known fact that as the vendors associated with a firm increase, in the same order the challenges associated with managing them grow. 

Mis-management often leads to Loss in Value Chain. Ill-managed vendor  relationships  create  increased expenses along with inadequacies in operations. The primary reasons for loss in value chain due to mis-managed vendors include:

• The vendor’s service delivery is effected over some time and is not as per customer’s needs
• No competition between vendors
• There is a lack of partnership for innovation across the different provider types and relationships