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The Company is into service industry providing for outsourcing, consulting and staffing solution to various businesses. They are more into managing resources requirements based out of projects and locations of their clients in various geographies. Their concentration is majorly on making the required set of skills and attributes available to their clientele and hence has to throughout manage and maintain such pool marked along with the rate chart of resources
challenge
The data was managed in an application which carried limited functions and usage in daily business operations.
Absence of comprehensiveness in automated functions and more the dependability on manual efforts to drive the regular working resulted in more cash outflow.
Due to being into the service lines involving outsourcing, consulting and staffing, the vendor management had become a hitch.
Managing financial consolidation was a time consuming effort.
solution
The complete set of books was moved to a new application which had more comprehensiveness in functions.
Operational excellence, through reliable, efficient application of technology.
High Quality information to support business decision.
Standardized the processes so as to streamline the daily activities.
Vendor accounts were scrutinized for rightful effect of transactions on daily such records. All the discrepancies on the invoices and payments as such were resolved.
Data analysis and financial modeling in addition to regular bookkeeping work gave an edge above other competitors of the client.
result
- With introduction of automation in complete financials and related data managements saved the time and efforts.
- More business focused Solutions and services resulted to be cost effective.
- Greatly improved business outcomes
- Effective utilization of time and effort for further expansion and growth of business.
- The complete bookkeeping process was streamlined. This helped in proper reflection of financials irrespective the complexities.
- Appropriate Management and Governance
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