Offshoring and Co-sourcing
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FINANCE & ACCOUNTs Co- sourcing
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Transcript of Offshoring and Co-sourcing
FINANCE & ACCOUNTs Co- sourcing
§ WHY INDIA?
§ OUTSOURCING SIMPLIFIED
§ CO-SOURCING
§ WHY OFFSHORE BENCH?
§ IMPLEMENT & EXECUTE
§ CREDENTIALS
AGENDA
Cost savings
Decision support
efficiency
One of the most important driver, we offer cost savings up to 52%
Increased supports to decision making process
Increase in overall efficiency through core focus by up to 30%
§ India has 55% share in global outsourcing market
§ Provides cost savings up to 40%-70% depending upon on-shore location
§ Talent capital of world, with over 5 million graduates and 3 million skilled workforce
§ Highly Matured Industry – USD 118B
§ Strong Ecosystem – 43 Tier II/ Tier III cities
WHY
INDIA ?
OUTSOURCING SIMPLIFIED
TYPICAL OUTSOURCING OFFSHORE BENCH’S CO-SOURCING MODEL
§ Contracting work to a third party
§ Specific jobs offshored with limited scope
§ Least connect with the team or rather doesn’t know who carries out the work
§ Least control over resource quality, performance, only concerned with deliverables
§ This is what we expertise in
§ We not just help you outsource,
we co-source
§ Complete solution, infrastructure, legal, operation, finance, HR handled by us
§ You own 100%
§ With zero legal obligations to you
§ Savings up to 40%-50% of your regular cost
§ Daily connect with your off-shore team
§ Staff scalability with ease
§ Guaranteed quality standards
§ Access to operational
experience at off-shore location
CO-WORKING HOW IT WORKS
BUILT. OPERATE. TRANSFER.
§ You define infrastructure
§ You define your team requirements
§ IP, Processes and Technology desired by you
§ You define quality standards
Specs defined by you ops managed by us § We set up infrastructure for you
§ We build the team with you
§ We provide optimum operational facilities
§ We develop the process and
delivery mechanism
CO-WORKING HOW IT WORKS
BUILT. OPERATE. TRANSFER.
CLIENT oFFSHORE BENCH OWN Technology & Process Infrastructure, People, Legal Status
MANAGEMENT On-‐shore Opera@ons, Off-‐shore Opera@ons Processes
CONTROL Quality Opera@ons
RESPONSIBILITY Training, Precisely Opera@ons, Deliverables, Specified Requirements Team Building, Transparency in Opera@ons
CO-‐WORKING Recruitment of Team and Quality Control
- ROLE PLAY -
BUILT. OPERATE. TRANSFER. IMPLEMENTATION & EXECUTION YOU REMAIN THE FACE FOR YOUR CLIENTS
YOUR CLIENTS
Offshore team has no contact with your clients at any stage
For your client(s) you
remain the face
You tell the offshore team
what to do and when to
do and the offshore team
follows your instructions
CLIENT Offshore team liaise only with your team
CO-WORKING HOW YOU BENEFIT FROM IT
OUR BENEFITS
§ Address the team together or individually
§ See the entire facility through a monitor
§ Bridge the distance between you and your workforce
§ It is as simple as working in two rooms of same building
§ No Capital Investment
§ No Rent or Utility Bills
§ No Recruitment Expenses
§ More than 50% saving on Salaries
§ 100% savings on Employment Taxes
§ 100% savings on Employee Benefits
§ No Recruitment, Retention or Turnover headaches
CO-WORKING OPTIMUM SAVINGS
CO-‐WORKING Recruitment of Team and Quality Control
EMPLOYMENT COST
OVERHEADS CAPITAL INVESTMENT
§ RECRUITMENT EXPENSES reduces by more than 60%;
§ BASIC SALARY of a skilled personnel reduced by 50%
§ EMPLOYMENT TAXES not to be borne by the client
§ EMPLOYEE BENEFITS &
FACILITIES managed by Offshore Bench
§ SPACE COST reduced by more than 50%
§ One of the greatest boon of Co-Working, REDUCTION OF OVERHEADS
§ NO rental payments
§ NO worry about power and other utilities
§ All overheads TAKEN CARE BY OFFSHORE BENCH
§ Your Capital Investment is ZERO
§ INFRATRUCTURE & WORK FACILITIES provided by Offshore Bench
§ LOW COST ENTRY option at the offshore location
§ Offshore Bench also supports BUILT –OPERATE-TRANSFER MODEL
§ TRANSFER OF FULLY TRAINED
TEAM and facilities after initial level of stabilization
SEARCH SKILL SET POLICIES EFFICIENCY OB’s
SOLUTIONS
HIRING is a difficult, but an important activity
Its hard to find exactly what you need
Efficient qualified people in a growing venture are the key to success
Stringent immigration policies have limited the resource pool
We manage the HR for you. Build an efficient offshore team and provide a great place to work for your staff
CO-WORKING HR ISSUES WE SOLVE
CO-WORKING
HIRING -manpower-
COST INDIA USD 5,000 – 10,000 EXPERIENCE 1-2 Yrs
AUSTRALIA
USA
UK USD 50,000 – 70,000 EXPERIENCE 1-2 Yrs
USD 40,000 – 60,000 EXPERIENCE 1-2 Yrs
USD 50,000 – 70,000 EXPERIENCE 1-2 Yrs
CO-WORKING CONSIDER ONLY IF YOU WANT
CO-‐WORKING Recruitment of Team and Quality Control
§ A win-win relationship with a competent partner that adds value to you
§ Retain and leverage corporate knowledge within the company
§ Effective and quick corrective actions commensurate with your strategic directions
§ Direct control over your finance and accounts resources
§ Real time and exact knowledge about the performance
§ Retain and leverage corporate knowledge within the company
§ Predictable fixed costs
§ To focus on your core areas
WHY ?
Offshoring with Foreign Entities: ü Exto Partners, Australia ü I Squared Capital, US ü Ondek, Australia ü WhiteSky Labs, Australia, India & Philippines ü EnVie Fitness, Australia
Offshoring With Multi National Indian Entities: ü Providence Equity Advisors ü Harley Davidson
India ü HBO India ü Ethiopian Airlines ü Nando’s
Convenient set up option in the Capital of India, New Delhi. Wherein each project is supervised by team of Chartered Accountants
Run by Ex-Big 4’s Professional Chartered Accountants
Vast experience with off-shoring. Few key accounts managed by OB
02
03 05 01
04
WE COMBINE
MANPOWER PROCESS TECHNOLOGY
CORE TEAM
NIRAV KAPIL NIMISH CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED
ACCOUNTANT & COMPANY SECRETARY
ALUMNUS OF DELOITTE
CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED
ACCOUNTANT & COMPANY SECRETARY
ALUMNUS OF EY & PWC
CO-FOUNDER
12 YEARS OF EXPERIENCE
CHARTERED
ACCOUNTANT & LAWYER
ALUMNUS OF DELOITTE
OUR OPS TEAM
Chartered
Accountants QUALIFIED
GRADUATES
ADMIN &
HR
WIDE ARRAY OF SERVICES
PROCURE TO PAY
AUDIT ASSISTANCE
ORDER TO CASH
PAYROLL
RECORD TO REPORT
FINANCIAL STATEMENT
PERSONALIZED DASHBOARDS
FINANCIAL PLANNING
- VENDOR DATA MAINTENANCE - INVOICE PROCESSING & PAYMENTS - VENDOR RECONCILIATIONS
- ORDER CREATION - INVOICE GENERATION & PAYMMENT COLLECTION - CUSTOMER RECONCILIATIONS
- PREPARING SCHEDULES & AUDIT WORKING PAPERS - EXPERIANCES CA’s WITH GAAP & IFRS KNOWLEDGE - QUALIFIED TEMP STAFF FOR SHORT ASSIGNMENTS
- PAYROLL ADMINISTRATION - TAX & STAT COMPLIANCES - ADMIN SUPPORT
- ACCOUNTING AND RECONCILIATIONS - FINANCIAL PLANNING & ANALYSIS - MIS REPORTING
- BUSINESS INTELLIGENCE TOOLS - REPORTS TO TRACK & MONITOR PERFORMANCE - DELIVERED THROUGH MOBILE APP
- STATUTORY FINANCIAL STATEMENTS - PERIOD END REPORTING (MONTHLY, QUARTERLY) - TAX REPORTS
- INCOME STATEMENT ANALYSIS - BALANCE SHEET/CASH FLOW ANALYSIS - BUDGETING
Client Team
Controller (OB Team)
Accountant (OB Team)
Invoice Payments Revenue Bank Reporting Taxation
Scan & Email Ticket
Payments/Cash flows Management Reports Reconciliation pack Tax work papers
Timesheet
XERO
Docs
INDIA
Process Sync
CLOUD BASED INFRA
Taxation
Bank
Authentication
Invoices Payments
Reporting Revenue
Infrastructure & Administrative support service Infrastructure and Administrative Conversions
IT & Technology Set Up and Support
Integration of Local and Offshore Processes
Identify and Recommend Right Set of People. Final Choice by Client
Cost & Efficiency
Optimization Organization Process
Development
Improvement in Software, Technology
Human capital development
Development support service
Integration of Capabilities with the Existing Home Team
Seamless sync between off-shore team and the parent team
Deploy new Project Managers, processes and tools as needed
BUILT. OPERATE. TRANSFER. Im
plem
enta
tion
& ex
ecut
ion
OUR CREDENTIALS
NEW DELHI B 9 GREEN PARK
MAIN NEW DELHI-110016
NEW DELHI 403, THE COURTYARD, DLF PLACE SAKET, NEW DELHI 110017 INDIA
MUMBAI SUITE 1108, LEVEL 11-1102, PENINSULA BUSINESS PARK,
TOWER-B, S.B ROAD, LOWER PAREL,
MUMBAI-400053
[email protected] WWW.OFFSHOREBENCH.COM
- SYNERGY -
