Statutory & Compliance

Accounting is the core of every business and is key to its success. The success of any business depends on judgement, insights that investors, board members and executives make based on the available facts and figures. The Key Decision makers should have full confidence in companies’ financial statements then only they can relay on the numbers to make intelligent estimates of the magnitude, timing, and uncertainty of future cash flows and to judge whether the resulting estimate of value was fairly represented in the current stock price And they can make wise decisions about whether to invest in or acquire a company, thus promoting the efficient allocation of capital.

Key Activities:

  • Accounts Payable Solutions: Procure to Pay.
  • Accounts Receivable: Contracts to Cash.
  • Payroll: Time and Expense to Payroll.
  • Monthly Closing and Financial Reporting.
  • System design, Setup and Process and policy formulation.
  • Accounting System Designs for ERP Implementation.

When do you really need to outsource the support functions?

  • Do you think company’s ability to control and make the most of critical capabilities is much important than just owning the capabilities?
  • If you believe capability sourcing can improve your company’s strategic position by reducing costs, streamlining the organization, and improving quality?
  • Do you want more-qualified partners to provide critical functions that allows your company to enhance the core capabilities that drive competitive advantage in your industry?
  • Do you want to prepare for the scalable model for the next level of growth by streamlining the process increased service quality and reduced cost through having fewer process exceptions?

Benefits

  • Enhancing efficiency through business process redesign.
  • Access best-of-breed talent and technology.
  • Better Tax Planning, zero non compliance cost and over all cost savings.
  • Enabling sharper focus on core competences.
  • Improving quality of finance-related data- results better analysis of key success factors and provide more insights.
  • Our full fledged payroll services solution brings down risk concerned with compliance and penalties and make sure error free reports and documents with business intelligence.

Statutory & Compliance

Many, if not all, business leaders would agree that knowing what happens within your company is a prerequisite for business success. Although this intuitively sounds true, it is worrying to see that many companies blame instances of failure or huge cost of noncompliance on not knowing what was going on in their own company. The truth is that everywhere, everyone will be on slippery slopes from time to time, companies can only become smarter and safer if we know about the presence of these slippery slopes and intervene while intervention is still possible.

Key Activities:

  • Tax planning and Advisory Service.
  • Direct tax compliance.
  • GST Compliance.
  • VAT Compliance in Middle East.
  • Labor law compliance.
  • Corporate law compliance.

When do want to engage for Statutory and Compliance Partner?

  • You think The compliance frame work is not designed as per the industrial standard.
  • Do you think existing staff is not competent to handle statutory and compliance related matters?
  • Not sure all statutory documents are properly updated and kept in safe and orderly manner
  • Do you think that there is no system to monitor and detect the compliance deviation?
  • Do you think regular reporting system with respect to the statutory compliance is very much required for assessing the potential risks?

Benefits

  • Effective governance and streamlined compliance processes.
  • Safeguarding reputation and brand enrichment.
  • Lower risk exposure.
  • Better control and visibility into compliance related operation.
  • Standardized compliance management and monitoring system.
  • Reduced compliance costs.
  • Helps to invariably discover and resolve many hidden risks, saving the organization from avoidable losses.