Finance and Accounts Outsourcing Services
It is critical
that transaction processing is handled with greater reliability and timeliness
at a much lower cost. As a result Shared Services and BPO have fast become
proven sourcing approaches for most finance processes and finance and accounts outsourcing process is seen as the most
convenient and valuable solution. Initially they focused on the high-volume
activities associated with Procure to Pay, Order to Cash and Plan to Report
processes. Their scope has steadily increased to include areas of more
specialist skills such as Management and Regulatory Reporting, Consolidation,
Budgeting, Tax and Treasury Management.
Mynd’s Finance and Accounting Outsourcing has
pioneered the finance and accounting solutions by integrating domain expertise,
global delivery network and technology solutions. Mynd assists in identifying,
transitioning, transforming, executing and continuously adding value to finance and accounts outsourcing
processes through a low-cost Business Process Outsourcing (BPO) services model,
without compromising on quality and compliance. We believe in delivering the
right information at the right time.
We provide our
clients managed Finance and Accounting
Outsourcing Services at the lowest possible costs so that they can focus on
their core business activities while saving a significant amount of overhead
costs on these activities.
Mynd Solutions provides best solutions for outsourcing your accounts payables. The
services offered aims to meet client’s business objectives as well as
cost-optimization goals. We deal with global clients and provide customized
solutions for many industries namely Media & Entertainment, Health,
Telecom, Banking and Finance, Foreign Exchange etc. Delivering them our
services of accounts payable enables them to focus on their core strategies.
Reduction in operational costs has helped our clients’ boost their business. We
provide great control over finances, which in turn enhance profits of the
company.
Our services of accounts payable include Data Capture, Data
processing, suspecting its duplicity and disbursement. This is presented in the
form of reports, utility bills, tax reporting, travel and expenses.
Furthermore, this will help reduce invoice discrepancies and build clients’
relationship stronger. Mynd Solutions has established itself as one of the
leading accounts payable outsourcing
company in India. It has been able to centralize archiving all sorts of
receivable data in a form of document.
Mynd Solutions
also deals globally as a one of the largest accounts receivable outsourcing company in India. It is an
essential part of a business activity that improves cash flow directly, through
extensive account reporting. The customers must consistently follow-up on
outstanding invoices and facilitate quicker payments. Accounts receivable outsourcing services includes billing, making
entries of transactions received, and record revenue, prepare periodic
statements, preparing reports of receivables etc. Our specialized functional
area provides best value to the customers as per their investment plans. All
the services are mostly presented in the form of documents, as a result, easy
retrievals of data is accessible on a common platform. Each account entry gets
detailed handling through our customer service representatives efforts and hard
work. We provide customized services to our clients, as per the nature of
business they are dealing in, and their core strategies.
Vendor helpdesk (VHD) assists
companies in tracking each and every vendor invoice as it travels through
different departments in the company for approvals, while monitoring the SLA
committed to the vendor for payment. This is mainly set up to handle large
volumes of vendor invoices or as a support to a centralized payable process
running in corporate.
While mostly the
VHD is customized to suit client requirements it broadly aims to achieve the
following:
- · Centralize the vendor bill
receipt / track checked invoices for relevant support and provide email
confirmation to vendors for receipt of invoices.
- ·
Forward to departments for
approvals
- ·
Forward to Finance for cheque
preparation
- ·
Cheque issuance to vendor with
details
- ·
Monitor turn-around-time (TAT)
for payment
- ·
MIS
- ·
Handling all correspondence
with vendors
