We have been a STRATEGIC SOURCING PARTNER for many large and mid-sized multinational and Indian entities since 1996. Clients serviced include well-known Foreign Institutional Investors, Leading Multinational Management Consultants, Finance Ministry – Government of India and Mid-sized Multinational and Indian enterprises. Our Strategic Sourcing Department provides the following range of services:
Incubation, Management Support
Entity Holding
Maintaining a Registered Office; accepting the responsibility as authorized signatory for bank accounts and power of attorney for signing documents; storage of accounting records; organizing Insurance; handling inward & outward mail, providing e-mail ID ensuring privacy and confidentiality; assistance in locating offices, factory or residential premises and related legal documentation.
Budgetary Control & Management Information:
Preparation of Revenue and Capital Budgets, monthly cash flow statements; periodic “Management Information Statements” & ensuring compliance with the corporate policies adopted by clients.
Registration with Government Departments:
Provident Fund; Software Technology Parks of India (STPI); Professional Tax, Income Tax, Sales Tax, Excise & Customs etc.
Financial Accounting
Providing end-to-end financial accounting solutions which includes; Verification of invoices and releasing payments; Preparation of cash / bank vouchers and cheques; running an accounting package, generation of ledgers and their scrutiny; Preparation of the Balance Sheet and Profit & Loss Account in accordance with the Indian & US GAAP and; Co-ordinating with auditors.
Banking & Regulatory Compliance
Co-ordinating with bankers; alerting on investment of surplus funds or repatriation of funds; minimizing exchange risk; administering withholding tax on payments to vendors, employee; filing of various statutory returns with authorities.
Payroll – Structuring & Processing
Structuring payroll; processing the monthly payroll and issuing pay slips to employees, maintaining record of leave, perks etc.
Indirect Taxation – Compliance
Apply and procure registration numbers under the respective Acts. Assisting the client in complying with the regulatory provisions – viz. maintenance of records, filing periodic returns, determining the tax liability, completing the documents related to payment of taxes, working on applications to register for any government incentive.
Fixed Assets Register Maintenance
Maintaining database of fixed assets, calculation of depreciation as required, physical verification of inventory.
Application Processing
Application processing for credit card, bank loans/mortgages, term deposit applications etc.
Transaction Processing
Processing of Paper Based Transactions such as clearing house operations, dividend payment processing and record maintenance. Back-office operations relating to payments and collections, management of returned cheques.
Data Warehousing
Maintaining a database of documents. Scanning of documents and providing for quick retrieval of data by utilizing relevant software tools.
We employ the following Operations Methodology:
- Detailed understanding of the clients business requirements
- Conduct process walk through Sharing ideas related to best practices and suggestions towards process migration
- Define responsibility & service levels
- Firming our relationship through formal agreements
- Transition team from BTA interacts with the client for process migration to the regular processing team of BTA
- Constant monitoring by a team comprising of members from both BTA and the client
- Processes are constantly reviewed and suitably amended to suit client requirements.
Advantage BTA Consultants
- Core competence in working on any type of back office processes
- Structured approach towards assignments
- Value addition to processes through constant interaction with client
- Focus towards developing a cohesive team with the client staff
- Operations undertaken by a team of experienced & motivated staff
- Staff Training program undertaken at regular intervals – assuring updation of staff skills