Business Process Outsourcing

This is an age of a new awakening and increasing consciousness among businesses, of the need to focus on their core activities and divest themselves of their non-core functions and outsource them to parties that specialize in these areas.

Modern business theory categorizes business processes in the following classes:

• Core activities: the essential, defining activities of an organization
• Critical but non-core activities: if not performed exceptionally well, will place an organization at a competitive disadvantage or even create a risk.
• Non-core, non-critical activities: Activities that supply no competitive advantage.

While previously these non-core activities were considered simply as being  overhead functions contributing little to the identity or the bottom line of  business, this approach is fast changing as outsourcing these activities helps businesses increase productivity and create a competitive advantage by helping them focus on and channel all their resources on their core business functions. It all ultimately translates into sizeable and substantial gains on the company bottom line. To enable businesses achieve benefits of outsourcing their non-core activities, we offer the solutions as described in the following pages.

Accounting

Accurate accounting is a critical business need. The BPO team at RA makes sure that all your accounting outsourcing needs are met with highest standards of professional excellence. By drawing on our seamlessly integrated latest accounting technology, we help businesses free up their resources from non-core activities thereby enabling growth and promoting business progress. We offer the following solutions  on BPO Accounting services:

• On-site accounting (On client’s location by deputing our accountant);
• Cloud accounting services (Off-site accounting);
• Advice and assistance in selection and implementation of automated accounting solutions;
• Computerization of manual accounting and record keeping systems;
• Advice and opinion on accounting matters;
• Setting up the chart of accounts keeping in view the business requirements;
• Preparation of annual and periodic financial statements in accordance with IFRS
• Designing and establishing a reporting mechanism for management purposes
• Accounts receivable and payable management
• Audit assistance and coordination with auditors

Payroll Management

Payroll is often one of the biggest direct and indirect expenses of many businesses and so constitutes a critical component of the Accounting and Financial management processes of any business. Furthermore, with increasing tax and other regulatory compliances, payroll calculation and management has become an increasingly complex and cumbersome task requiring a formidable use of Company resources. By offering outsourcing of your payroll function, we help businesses free up critical business resources for renewed focus on core business functions. We offer following services in overall outsource of payroll function:

• Obtaining NTN for employees not currently holding the same;
• Obtaining payroll information from management regarding attendance, deductions and changes in salaries etc.;
• Preparation of monthly payroll and tax computations based on information provided by the management and obtaining management approvals;
• Preparation and dispatch of monthly payroll slips to employees;