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Accounts & Finance

Financial Process Outsourcing

An organization requires seamless coordination between different departments. To achieve such coordination, the organization must have financial resources. Without co-ordination, it is impossible to make effective integration. Hence, an organization requires a financial department in an organization. However, some organizations prefer outsourcing the Finance function to third-party providers. Financial Process Outsourcing is the procedure in which the financial management function is carried out by an external agency. An organization requiring the financial process will sub-contract the process to a third-party service provider.

Package inclusions:

Advice on Financial Process Outsourcing.
Compliance with the Norms of Financial Process Outsourcing.
Advice on ledgers and management of finance.
Advice on the applicability of Indian Accounting Standards (Ind AS).
Advice on the preparation of budgets and financial reports.

Benefits of Financial Process Outsourcing

Elements of Financial Process Outsourcing

Finance and Accounting Modernization

The team in Wallclock can evaluate your finance and accounting modernization strategy and operating model to identify potential gaps and opportunities for greater efficiency throughout the process.

Package inclusions:

Finance Evaluation
Rapid Assessment
Finance Alignment
Finance Strategy
Target Operating Model
Finance Transformation