Specific Process Outsourcing (SPO)

---

Under this arrangement some or a number of processes of an organization are managed by Nyaasa.

• Accounts Receivable:
  • Lower Bad debts
  • Elimination of unapplied credits
  • Reduction in operating costs
  • Improvement in timely recoveries
  • Rigorous follow-ups
  • Improved Cash flow
  • Up-to-date AR status
• Accounts Payable:
  • Timely payments to Creditors
  • Elimination of duplication
  • Three way matching
  • Tidy cheque printing
• Invoicing:
  • Reduction in errors
  • Timely Billing
• Employee Reimbursement Process:
  • Adherence to company policy of reimbursements
  • Accurate  processing of employee reimbursements
  • Check on fraudulent claims owing to detailed scrutiny
• Management Information Systems:
  • Enablers for decision making and monitoring
  • Providing monthly MIS reports
  • Designing these reports in a format suitable for entity & industry
  • Strict adherence to deadlines
• Credit Card reconciliation:
  • Reconciliation by our expert team
  • Identification of unprocessed entries
  • Identifying receipts not credited for follow-up
• Bank Reconciliations:
  • Up-to-date bank reconciliations
  • Identifying cheques pending settlement
  • Identifying for reversal old instruments that are not presented
• Accounts Reconciliation Services:
  • Accounts reconciliation services using the internally researched 6 step reconciliation process
• Payroll Processing:
  • Web enabled with employee login
  • End to end processing of payroll
  • Superior payroll software
  • Timely processing
  • Accurate final settlements
• Readiness for IFRS
  • Preparation of Financial Statements as per IFRS
  • Conversion from Indian GAAP to IFRS