Tag Archive: procure to pay services

Moving Beyond the Back Office and Stepping into the Board Room

f&a
Finance and accounting was one of the first…

..processes that companies outsourced, and the practice continues to boom. As the market matures, companies are now moving from input-based transactional services to contracting for outcomes where a BPM provider takes responsibility for their clients’ business results. Organizations are now focusing on going beyond a cost-savings mechanism, to achieving greater flexibility to scale and support their global operations.

F&A outsourcing, when done well, can provide your organization significant cost savings while delivering measurable value, process improvement and innovation.

With increasingly complex economic conditions and evolving technology, outsourcing F&A functions allow organizations to remain agile, act more strategically and make decisions that support the company as a whole, versus a sole business function.

This is about branching out of the back-office and stepping into the board room to make a difference in your company’s top and bottom line.
f&a-bpm
SBL is a dependable and professional organization that has won accolades from our clients in the U.S., UK, India and Australia. Our end-to-end services will allow your company to have continuous improvement in the F&A operation, while the company itself can focus on its core competencies.

Save Time & Reduce Costs with Finance & Accounting at SBL.

finance&accounting
Management of Finance & Accounts is one of the key factors that determine the success of any business. But, it is a time consuming process. Moreover, precision, speed & confidentiality are the watchwords here. It requires a well trained and a trustworthy team to manage it. An in-house team would often prove difficult and expensive to set up and coordinate. That is when outsourcing comes into the picture.

Businesses which transfer their Finance & Accounts operations to an outsourcing partner save significant time and money. This is consistently backed by numerous studies and surveys. The area of risk lies in choosing the right partner so as to ensure that the transfer and delivery of tasks as seamless as possible, while maintaining or even enhancing the quality. An ISO Accredited BPO specialist, SBL is an expert who helps businesses to do exactly this.

We, at SBL, help you to realize sustainable benefits with our fine tuned finance and account operating model. Our competent professionals with domain expertise manage your financial transactions with accuracy, speed & transparency. We have, in place, automated workflows that include industry best practices for financial accountings. Also, we take every effort to give you an environment which offers maximum security for your data. SBL is thus a cost effective alternative to maintaining an expensive in-house F&A team.

We offer 3 end to end processes under financial accounting & reporting:

1.Order to Cash (O2C)

Management of the order to cash process can help you plug revenue leakages and improve overall efficiency of your sales cycle.

SB L offers O2C process management services that ranges from receiving and fulfilling customer requests, generating customer invoice to collecting and recording payment:

Process automation and optimization
Order management
Management of Contracts
Sales orders
Billing
Account receivable and collections
Processing collections
Ledger maintenance
Cash application management
Customer requests and inquiries
Invoice adjustment
Dispute resolution
Claims management

2.Procure to Pay (P2P)

Procure to pay systems are designed to give companies control and visibility of the entire life cycle of a transaction. It provides insight into the cash flow.

SBL optimizes your procure to pay cycle by streamlining processes and thus reduce costs and increase organization ROI.

Process automation and optimization
Procurement Processing
Request for Quote (RFQ)
Online Negotiations
Purchase Order Processing
Vendor Master Creation
Vendor Payment Processing
Helpdesk and Vendor self-help Portals
Vendor Liability Creation
Tracking PO and non-PO bills
Approvals Tracking
Vendor Statement Reconciliation
Employee Claim processing
Tax Processing

3.Record to Report (R2R)

Record to Report is the process for providing strategic and financial feedback to understand the performance of a business.
The role of technology and automation in R2R outsourcing is also increasing. Beyond cost reduction, it helps you to generate reports that are crucial for decision making.

SBL provides the following R2R services:

Journal entry and bookkeeping
Consolidation of financial accounts and statements
Balance sheet
Profit and loss statement
Cash flow analysis
Reconciliation statements
Bank Reconciliation
Vendor accounts
Customer accounts/ Inter-branch account reconciliation
MIS reports
Financial statement analysis
Regulatory Compliance and Taxation
Cost accounting

We have used our experience of over 10 years to develop into a dependable and a professional organization. This has managed us to win accolades from our customers in US, UK, India and Australia.