CDS is a global player in Back Office Support Services having focus group on Document / Data Management and Finance & Accounting Services. CDS's unique strength lies in the incorporation of Business Process Outsourcing (BPO) and Information Technology (IT) capabilities. CDS offers technologically advanced professional Finance and Accounting services – Transaction Processing, Performance Tracking, Bookkeeping, Preparation of Tax Returns, Business analysis, Management Information System (MIS), General Ledger Maintenance, pay rolls and related services for clients worldwide.
CDS have personnel, software and resources to ensure the timeliness and accuracy of your accounting needs. CDS’s personnel are qualified, well chosen and sufficiently trained in International accounting standards including USA, UK, Australia, and in leading account software like ‘QuickBooks’, Peachtree, QuickPro, Microsoft Money, etc., CDS’s unique approach ensures a highly professional and value added service. CDS services are alternatives to staffing and funding in-house equivalents.
All our staff is best in the industry, which are carefully selected and rightfully placed in order to fit within the job and play their role perfectly & consistently. Regular Industry Update, in-house training and professional development programs are conducted to update the knowledge in the latest accounting and auditing practices.
BENEFITS:
Outsourcing accounting functions to CDS reduces your capital investment, employee turnover and knowledge transfer / training costs. No worries on software upgrades & maintenance, recruiting, training and retaining the staff; now you can refocus on your core competencies.
Outsourcing to CDS:
- Frees up valuable time - More time available to focus on new businesses and more lucrative tasks
- Immediate savings in time and substantial savings in cost to the order of 40% to 60%
- Quicker Turn Around Time
- Quality of Service - Service levels are constantly tracked and improved over time
- Increased revenues and profitability at tax season
- Flexibility and Resource Maximization - Well-documented policies and processes
- 24/7 Access
ADVANTAGES:
SERVICES:
Outsourcing back-office finance and accounting works enables the client to focus on their core business activities with a substantial cost savings to the tune of 40% to 60%. Finance and Accounting outsourcing typically involves managing the tasks with pre-set procedures such as financial reporting, reconciliation & analysis, accounts payable, general ledger, fixed assets, accounts receivable, payroll, and tax management, among others.
Our range of Services Includes but not limited to:
Transaction Processing:
- Accounts payable
- Accounts receivable
- General accounting
- Payroll
- Inventory, production and distribution
- Reconciliation and Analysis
- Capital expenditure and assets
- General ledger
- Budgetary control
Performance Tracking:
Strategy and Planning:
- Decision support / Analysis
- Planning / Budgeting
THE PROCESS:
Data Management Process:
We adopt two methods for processing the Client’s data:
1) Remote Desktop: Client Data and Software resides at client remote server and we access the System through “Remote Desktop” facility to view and process the data. In this method, the client’s data is not moved out of Client’s facility. Our staff & infrastructure are well equipped in working with this model.
2) Offshore Processing: Client Upload the data at our US based Secured Data Server and our team downloads the data and processes it at our facility. After completion backup files of software are uploaded to our Data Server and client download the backup processed files from our Server. We follow stringent data security policies.
Production Process:
At CDS, we follow three Step Production processes and it is closely monitored to ensure the best quality work to our clients:
1) Pre Production Review
- Acknowledgement of the receipt of data & documents from Client end
- List of Mismatching & Missing information if any
- Sorting and Tagging of information as per Instruction & Checklist
2) Data Processing
- Processing of Information as per the Defined Process
- Clarification if any referred to the client
- Unresolved queries logged to Client for suggestions
- On resolving of all issues, final data is uploaded to the client
3) Review and Quality
Level 1: Review by the processor with the project specific checklist
Level 2: 100% review of processed data by Quality Assuring Personnel
Level 3: Review by Project Manager on Key Controlling issues
QUALITY AND SECURITY CDS’s Financial and Accounting processes guarantees the accuracy, production quantity, and security of your data. Of-course ZEROS make big differences while feeding data in to the software. To maintain high standards and ensure the best quality, CDS has successfully implemented a fine-tuned system of on-going training mechanism and the process of updating knowledge of its personnel’ skills not only in the statutory laws but also in all the top-most and leading tax software. CDS use multi-tier authentication to ensure the strongest measures of security for safeguarding your data.
|
