Winprotech Finance & Accounting Profile

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Finance & Accounting Profile

Winprotech has developed the core capabilities and expertise necessary to extend our financial services offering. The proven processing capabilities of our BPO team enable us to help our clients to maximize efficiency, save cost and access highly talented and experienced offshore professionals enabling them to focus on decision-making and business outcomes

With clients from various industry verticals, from across the globe and having different accounting systems, Winprotech has been providing services ranging from transaction processing to end-to-end solutions since 2007, including Process Specific Services and End-to-End processing

Here we offer the flexibility to the client to pick and choose the specific processes that suits their requirements or can even opt for all the services like few of our clients have. This suits for clients who want to outsource full or part of finance & accounting back office to Winprotech

Our Finance And Accounting Services Include

General Accounting

Winprotech General Accounting includes : Expense Accruals Fixed Assets Accounting Inventory and Supply Chain Accounting Closing and Group Consolidation Account Reconciliations Accruals and Reserves Journal Entries

Accounts Payables

Winprotech end-to-end AP processes involves: Document Management Scanning Invoice processing Approval and Resolution Management Helpdesk Disbursement Internal/external reporting

Accounts Receivables

Winprotech provide end to end back office support for AR processing, enabling clients to effectively receive money from customers in line with payment terms which is critical to provide healthy levels of working capital and cash flow. The process include: Credit Analysis Customer Billing Cash Application Collection GL Posting & Reporting

Accounts Closing & Reporting

By optimizing closing cycles; facilitating timely capitalization of fixed assets; and reducing manual journals, open item reconciliations, and intercompany mismatches,we help clients to avoid costly surprises with seamless processes that support a holistic, detailed view into real-time operations.

Regulatory Reporting

Winprotech makes sure the timely and accurate filing of regulatory reports. Data collected from regulatory reports facilitate early identification of problems that can threaten the safety and soundness of the organisation; ensure timely implementation of the prompt corrective action provisions required by law; and serve other legitimate supervisory purposes. Certain regulatory report information is used for public disclosure so investors, depositors, and creditors can better assess the financial condition of the reporting banks.

Compliance & Audits

Effective compliance management can protect you against potential litigation, financial implications and reputational damages.

We make ensure and demonstrate compliance with internal and external standards, legislations, procedures and codes of conduct while providing instant and real-time visibility of the compliance profile of your entire organization.

Winprotech Audit & Compliance team enables the scheduling, planning, and conducting of audits/assessments, the subsequent identification of non-conformances, and triggering and tracking of recommendations for improvement.

ORDER-TO-CASH (O2C)

For the clients who have a very strong sales & marketing department and needs an end to end back office support for sales order processing. We at Winprotech will study client’s setup and assist to optimise before providing end to end outsourcing services which will reduce costly errors, increase collections, enhance customer experience, enabling clients to effectively receive money from customers in line with payment terms which is critical to provide healthy levels of working capital and cash flow. TheO2C process to include

  • Credit Analysis
  • Customer information maintenance
  • Billing & related query handling
  • Cash Application
  • Collections analysis and reporting
  • Ledger Posting and Reporting

    PROCURE-TO-PAY (P2P)

    For clients who have a very strong Purchasing / Procurement department and needs an end to end back office support to ensure smooth P2P process. Winprotech P2P process ensures the client to have direct and indirect strategic advantages like to develop collaboration & relationship with suppliers, reduce purchase order & invoice processing errors, reduce cost per transaction , reduce lengthy reconciliations & payments cycles, effective & efficient problem resolution. Below are the key areas that we provide service in P2P

  • Supplier information Management
  • Requisition
  • Purchase Order Management
  • Good Receipt & PO reconciliations
  • Supplier Payment and related Query handling
  • Supplier Payment and related Query handling
  • Ledger Posting and Reporting

    • Benefits Of Finance And Accounting Outsourcing Services

  • Companies can focus on their core strengths for business growth and improvements
  • Compliance to statutory and regulatory requirements
  • Prevent loss of cash and funds from inaccurate book keeping
  • Automate complex and voluminous processes
  • Cost Savings
  • Access large, skilled, and viable labor pool
  • Create competitive advantage
  • Get the work done in quick turn-around-time
  • Enjoy the benefits of advanced collaboration capabilities
  • Improve customer satisfaction through efficient and timely processing of requests, service changes, and projects
  • Free themselves from the hassles of managing employees and records

    • DIFFERENTIATOR

    The usual question that might arise in any company is Why Outsourcing? We will try and help you tackle this question.

    Lets simplify your thought process: If your answer is yes to any of the below questions, then we strongly believe outsourcing is indeed a great option for you to consider for your non-core business activities.

    • Are you looking to get the most out of revenues and cut costs?
    • Would you like to focus on your core competencies and have a reliable and efficient team to do your daily tasks?
    • Do you face problems of employee turnover, high cost of benefit packages needed when firing workforce and training expenditures when hiring new staff which can be costly exercise and inefficient to companies?
    • Are you looking to gain resources not otherwise available, better process maturity & resource flexibility?
    • Do you need preset and systematic processes, but want to see exceptional results right away?

        Outsourcing can reward companies by reducing their costs, giving them access to expertise they may not be able to afford or find in-house, and freeing them to devote more of their time to their core business activities. It is that promise which has companies looking to outsource more of their back-office processes, also they just cannot afford the old approach of trying to do everything themselves, not with the pace of change in technology. Companies that can find the right partners can save that much more off their costs, and manage their processes better than they could on their own. 1

        Companies are likely to outsource the following services: technology (30%), human resources (16%), marketing and sales (14%), and finance (11%). Other sundry services comprise the remainder.

        1 CFO Research Services in collaboration with Capgemini - (Outsourcing the Back Office: The Path Toward Sustainable Benefits : published by CFO Publishing Corp., 253 Summer Street, Boston, MA 02210)

        2 Research from Dun & Bradstreet and The Outsourcing Institute

    The next big question that you would get is which company to outsource to?. This is where Winprotech can be a best choice

  • No set-up fees and no hidden or additional
  • Highest level of service at a competitive rate
  • Easy transfer process without disruption to your existing operations
  • Designated account handler and the Project Manager responsible for the client
  • Immediate support as and when you need it
  • Accurate and timely information supported by full monthly reconciliations
  • Flexibility to cope with expansion and/or changing business needs
  • Fully up to date with frequently changing legislation and tax rules
  • Truly personal service - we care about each and every one of our clients
  • Totally reliable service ensuring your employees are always paid correctly and on time.
  • Our team is experienced and have won the satisfaction and appreciation of Clients
  • Our team is qualified and experienced in using leading, HMRC accredited systems

    • DATA SECURITY

    "Winprotech ensures high physical security for its premises, employees and also for the intellectual business solely be the property of client. Non-Disclosure agreement will be signed to protect client data by all employees & will be followed with all due regards"

    System based security measures:

  • All systems will be password protected
  • Restricted access to protect the confidential data from sending out of the office
  • Employees will be working on a secluded section so as to enforce that all these measures are implemented
  • Employees who handle financial information will be placed closer to the supervisor work stations for constant monitoring

    Post-crisis security measures:

  • Client SLA followed - Contracts signed with clauses on ensuring data security
  • HR driven is investigation done & details are submitted to client on action points
  • Insurance on data security considered to be taken based on work volume

    • F&A Services




    CONTACT US

    Get in Touch

    • Winprotech IT Solutions India Pvt. Ltd.
      No.98/A, 1st and 2nd Floor, 30th Cross
      Jayanagar 7th Block,Bangalore-560070,India
    • Tel: +91 80 4166 4222
    • UK VOIP Tel: +44-1483-600-607
    • Mail: info@winprotech.com