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Today’s CFOs are entrusted with multiple and often contradicting challenges. At one end, they are required to prepare the organization to support future growth by investing in resources. At the other end, they are also responsible to drive cost cutting initiatives. Companies are investing heavily into their ERP systems to produce reliable Financial and Management reports. Recent reports show that most CFOs find their ERP systems under-utilized.
With increasing scrutiny by governments and investors in the shadow of the current economic constraints, Companies are bound to be vigilant and cautious about the true and fair depiction of the books of accounts. A minor slip in this area can cost to the company in financial or non-financial terms.
HCL’s transformation-led Finance and Accounting Services are sketched to support the client by establishing compliance and controls, balancing expense vs. growth, reducing the cash cycle and maximizing return on investment (ROI). With this objective, we haul various levers such as standardization of processes, benchmarking and automation to produce high quality outputs in the form of statutory, regulatory and management reports.
Below are the ways in which we will help you transform:
Short term realization of cost benefits: Immediate Cost arbitrage of 30-40% by consolidation and creation of Shared Services
Productivity and efficiency improvements: Productivity and Controllership benefits by using Tools like Workflow, Reconciliation and Close Tracker
Augmented Turnaround time and Accuracy of Processing
Improving Process visibility by implementation of HCL’s reporting tools and dashboards
Flexible Onshore and Offshore Delivery Model as per your business requirements
Optimal pricing structure based on your requirements – FTE based pricing and Consulting Fee based assignment. We are also Flexible in implementing Transaction based pricing after the maturity of relationship.
Onshore delivery support by experienced professional handling all the complexities of your business
Effective risk management: Transition and steady-state operations
Reduction in overall cost base over the term of the engagement
Onsite consultancy assignments during ERP migration / transformation projects.
Service Offerings
Procure To Pay
Vendor Master Maintenance
Invoice Processing
Payment Processing
Travel & Expense Management
Vendor Reconciliations
Report & Control Activities
Helpdesk
Order To Cash
Billing
Customer Support
Credit Control
Collections
Cash Application
Order Management
Customer Master Maintenance
Record To Report
General Ledger Accounting
Reconciliations
Asset Accounting
Controllership
Inter Company Accounting
XBRL Reporting
US GAAP/IFRS Accounting
Treasury Accounting
Internal Audit Support
Financial Planning & Analysis
Geo vs. Industry/ Client Segment Reporting
Cost Benefit Analysis
Price Modeling
MIS & BI Reporting
Planning and Budgeting
Financial Statements Preparation & Analysis
Real Estate Accounting
Lease Charge receipt allocation
Tenant and Ground rent Reconciliation
Payment Processing
Central account Reconciliation
Invoice Processing
Contractors Management
Service Charge & Dormant Accounting
Variance Analysis
Balance Sheet preparation and responding to auditor queries
