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FINANCE &
ACCOUNTs
Co- sourcing
§  WHY INDIA?
§  OUTSOURCING SIMPLIFIED
§  CO-SOURCING
§  WHY OFFSHORE BENCH?
§  IMPLEMENT & EXECUTE
§  CREDENTIALS
AGENDA
Cost savings
Decision support
efficiency
One of the most important driver,
we offer cost savings up to 52%
Increased supports to decision
making process
Increase in overall efficiency
through core focus by up to 30%
§  India has 55% share in global outsourcing
market
§  Provides cost savings up to 40%-70% depending
upon on-shore location
§  Talent capital of world, with over 5 million
graduates and 3 million skilled workforce
§  Highly Matured Industry – USD 118B
§  Strong Ecosystem – 43 Tier II/ Tier III cities
WHY
INDIA ?
OUTSOURCING SIMPLIFIED
TYPICAL OUTSOURCING OFFSHORE BENCH’S CO-SOURCING MODEL
§  Contracting work to
a third party
§  Specific jobs
offshored with
limited scope
§  Least connect with
the team or rather
doesn’t know who
carries out the work
§  Least control over
resource quality,
performance, only
concerned with
deliverables
§  This is what we
expertise in
§  We not just help
you outsource,
we co-source
§  Complete
solution,
infrastructure,
legal,
operation,
finance, HR
handled by us
§  You own 100%
§  With zero legal obligations
to you
§  Savings up to 40%-50% of
your regular cost
§  Daily connect with your off-
shore team
§  Staff scalability with ease
§  Guaranteed quality
standards
§  Access to operational
experience at off-shore
location
CO-WORKING
HOW IT WORKS
BUILT.OPERATE.TRANSFER.
§  You define infrastructure
§  You define your team
requirements
§  IP, Processes and Technology
desired by you
§  You define quality standards
Specs defined by you ops managed by us
§  We set up infrastructure for you
§  We build the team with you
§  We provide optimum
operational facilities
§  We develop the process and
delivery mechanism
CO-WORKING
HOW IT WORKS
BUILT.OPERATE.TRANSFER.
CLIENT oFFSHORE BENCH
OWN	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Technology	
  &	
  Process	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Infrastructure,	
  People,	
  	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Legal	
  Status	
  
MANAGEMENT 	
  	
  	
  	
  On-­‐shore	
  Opera@ons, 	
  Off-­‐shore	
  Opera@ons	
  
	
   	
  	
  	
  	
  Processes	
  
CONTROL 	
   	
  	
  	
  	
  Quality 	
   	
   	
  Opera@ons	
  
RESPONSIBILITY 	
  	
  	
  	
  	
  Training,	
  Precisely	
  	
   	
  Opera@ons,	
  Deliverables,	
  
	
   	
  	
  	
  	
  	
  Specified	
  Requirements 	
  Team	
  Building,	
  	
  
	
   	
   	
   	
   	
  Transparency	
  in	
  Opera@ons
	
   	
  	
  
CO-­‐WORKING 	
  	
  	
  	
  	
  Recruitment	
  of	
  Team	
  and	
  Quality	
  Control	
  
- ROLE PLAY -
BUILT.OPERATE.TRANSFER.
IMPLEMENTATION & EXECUTION
YOU REMAIN THE FACE FOR YOUR CLIENTS
YOUR
CLIENTS
Offshore team
has no contact
with your
clients at any
stage
For your
client(s) you
remain the
face
You tell the
offshore team
what to do
and when to
do and the
offshore team
follows your
instructions
CLIENTOffshore team
liaise only with
your team
CO-WORKING
HOW YOU BENEFIT FROM IT
OUR
BENEFITS
§  Address the team
together or
individually
§  See the entire facility
through a monitor
§  Bridge the distance
between you and
your workforce
§  It is as simple as
working in two rooms
of same building
§  No Capital
Investment
§  No Rent or Utility
Bills
§  No Recruitment
Expenses
§  More than 50%
saving on Salaries
§  100% savings on
Employment Taxes
§  100% savings on
Employee Benefits
§  No Recruitment,
Retention or
Turnover
headaches
CO-WORKING
OPTIMUM SAVINGS
CO-­‐WORKING 	
  	
  	
  	
  	
  Recruitment	
  of	
  Team	
  and	
  Quality	
  Control	
  
EMPLOYMENT
COST
OVERHEADS CAPITAL
INVESTMENT
§  RECRUITMENT EXPENSES
reduces by more than 60%;
§  BASIC SALARY of a skilled
personnel reduced by 50%
§  EMPLOYMENT TAXES not to
be borne by the client
§  EMPLOYEE BENEFITS &
FACILITIES managed by
Offshore Bench
§  SPACE COST reduced by
more than 50%
§  One of the greatest
boon of Co-Working,
REDUCTION OF
OVERHEADS
§  NO rental payments
§  NO worry about power
and other utilities
§  All overheads TAKEN
CARE BY OFFSHORE
BENCH
§  Your Capital Investment is
ZERO
§  INFRATRUCTURE & WORK
FACILITIES provided by
Offshore Bench
§  LOW COST ENTRY option at
the offshore location
§  Offshore Bench also
supports BUILT –OPERATE-
TRANSFER MODEL
§  TRANSFER OF FULLY TRAINED
TEAM and facilities after
initial level of stabilization
SEARCH SKILL SET POLICIES EFFICIENCY
OB’s
SOLUTIONS
HIRING is a
difficult, but
an important
activity
Its hard to find
exactly what
you need
Efficient
qualified
people in a
growing
venture are the
key to success
Stringent
immigration
policies have
limited the
resource pool
We manage the HR
for you. Build an
efficient offshore
team and provide a
great place to work
for your staff
CO-WORKING
HR ISSUES WE SOLVE
CO-WORKING
HIRING
-manpower-
COST INDIA
USD 5,000 – 10,000
EXPERIENCE 1-2 Yrs
AUSTRALIA
USA
UK
USD 50,000 – 70,000
EXPERIENCE 1-2 Yrs
USD 40,000 – 60,000
EXPERIENCE 1-2 Yrs
USD 50,000 – 70,000
EXPERIENCE 1-2 Yrs
CO-WORKING
CONSIDER ONLY IF YOU WANT
CO-­‐WORKING 	
  	
  	
  	
  	
  Recruitment	
  of	
  Team	
  and	
  Quality	
  Control	
  
§  A win-win
relationship
with a
competent
partner
that adds
value to
you
§  Retain and leverage
corporate
knowledge within the
company
§  Effective and
quick corrective
actions
commensurate
with your
strategic
directions
§  Direct control
over your finance
and accounts
resources
§  Real time and
exact
knowledge
about the
performance
§  Retain and
leverage
corporate
knowledge
within the
company
§  Predictable
fixed costs
§  To focus on your
core areas
WHY ?
Offshoring with Foreign
Entities:
ü  Exto Partners, Australia
ü  I Squared Capital, US
ü  Ondek, Australia
ü  WhiteSky Labs, Australia,
India & Philippines
ü  EnVie Fitness, Australia
Offshoring With
Multi National
Indian Entities:
ü  Providence
Equity Advisors
ü  Harley Davidson
India
ü  HBO India
ü  Ethiopian Airlines
ü  Nando’s
Convenient set
up option in the
Capital of
India, New
Delhi. Wherein
each project is
supervised by
team of
Chartered
Accountants
Run by Ex-Big 4’s
Professional
Chartered
Accountants
Vast
experience
with off-shoring.
Few key
accounts
managed by
OB 	
  
02
03 0501
04
WE COMBINE
MANPOWER PROCESS TECHNOLOGY
CORE TEAM
NIRAVKAPILNIMISH
CO-FOUNDER
12 YEARS OF
EXPERIENCE
CHARTERED
ACCOUNTANT &
COMPANY SECRETARY
ALUMNUS OF DELOITTE
CO-FOUNDER
12 YEARS OF
EXPERIENCE
CHARTERED
ACCOUNTANT &
COMPANY SECRETARY
ALUMNUS OF EY & PWC
CO-FOUNDER
12 YEARS OF
EXPERIENCE
CHARTERED
ACCOUNTANT
& LAWYER
ALUMNUS OF DELOITTE
OUR OPS TEAM
Chartered
Accountants
QUALIFIED
GRADUATES
ADMIN &
HR
WIDE ARRAY OF SERVICES
PROCURE
TO PAY
AUDIT
ASSISTANCE
ORDER TO
CASH
PAYROLL
RECORD TO
REPORT
FINANCIAL
STATEMENT
PERSONALIZED
DASHBOARDS
FINANCIAL
PLANNING
- VENDOR DATA
MAINTENANCE
- INVOICE PROCESSING &
PAYMENTS
- VENDOR RECONCILIATIONS
- ORDER CREATION
- INVOICE GENERATION &
PAYMMENT COLLECTION
- CUSTOMER
RECONCILIATIONS
-  PREPARING SCHEDULES
& AUDIT WORKING PAPERS
-  EXPERIANCES CA’s WITH
GAAP & IFRS KNOWLEDGE
-  QUALIFIED TEMP STAFF FOR
SHORT ASSIGNMENTS
- PAYROLL ADMINISTRATION
- TAX & STAT COMPLIANCES
- ADMIN SUPPORT
- ACCOUNTING AND
RECONCILIATIONS
- FINANCIAL PLANNING
& ANALYSIS
- MIS REPORTING
- BUSINESS INTELLIGENCE
TOOLS
- REPORTS TO TRACK &
MONITOR PERFORMANCE
- DELIVERED THROUGH
MOBILE APP
- STATUTORY FINANCIAL
STATEMENTS
- PERIOD END REPORTING
(MONTHLY, QUARTERLY)
- TAX REPORTS
- INCOME STATEMENT
ANALYSIS
- BALANCE SHEET/CASH
FLOW ANALYSIS
- BUDGETING
 
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
Client Team
Controller
(OB Team)
Accountant
(OB Team)
Invoice
Payments
Revenue
Bank
Reporting
Taxation
Scan & Email Ticket
Payments/Cash flows
Management Reports
Reconciliation pack
Tax work papers
Timesheet
XERO
Docs
INDIA	
  
Process Sync
CLOUD BASED INFRA
Taxation
Bank
Authentication
Invoices Payments
ReportingRevenue
Infrastructure & Administrative support service
Infrastructure and Administrative Conversions
IT & Technology Set Up and Support
Integration of Local and Offshore Processes
Identify and
Recommend
Right Set of
People. Final
Choice by
Client
Cost &
Efficiency
OptimizationOrganization
Process
Development
Improvement
in Software,
Technology
Human capital development
Development support service
Integration
of
Capabilities
with the
Existing
Home Team
Seamless
sync
between
off-shore
team and
the parent
team
Deploy
new
Project
Managers,
processes
and tools
as needed
BUILT.OPERATE.TRANSFER.
Implementation
&
execution
OUR CREDENTIALS
NEW DELHI
B 9 GREEN PARK
MAIN
NEW DELHI-110016
NEW DELHI
403, THE COURTYARD, DLF PLACE
SAKET, NEW DELHI 110017 INDIA
MUMBAI
SUITE 1108, LEVEL 11-1102,
PENINSULA BUSINESS PARK,
TOWER-B, S.B ROAD,
LOWER PAREL,
MUMBAI-400053
NIMISH.GOEL@OFFSHOREBENCH.COM WWW.OFFSHOREBENCH.COM
- SYNERGY -

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Finance & Accounts Co-sourcing Document Summary

  • 2. §  WHY INDIA? §  OUTSOURCING SIMPLIFIED §  CO-SOURCING §  WHY OFFSHORE BENCH? §  IMPLEMENT & EXECUTE §  CREDENTIALS AGENDA
  • 3. Cost savings Decision support efficiency One of the most important driver, we offer cost savings up to 52% Increased supports to decision making process Increase in overall efficiency through core focus by up to 30% §  India has 55% share in global outsourcing market §  Provides cost savings up to 40%-70% depending upon on-shore location §  Talent capital of world, with over 5 million graduates and 3 million skilled workforce §  Highly Matured Industry – USD 118B §  Strong Ecosystem – 43 Tier II/ Tier III cities WHY INDIA ?
  • 4. OUTSOURCING SIMPLIFIED TYPICAL OUTSOURCING OFFSHORE BENCH’S CO-SOURCING MODEL §  Contracting work to a third party §  Specific jobs offshored with limited scope §  Least connect with the team or rather doesn’t know who carries out the work §  Least control over resource quality, performance, only concerned with deliverables §  This is what we expertise in §  We not just help you outsource, we co-source §  Complete solution, infrastructure, legal, operation, finance, HR handled by us §  You own 100% §  With zero legal obligations to you §  Savings up to 40%-50% of your regular cost §  Daily connect with your off- shore team §  Staff scalability with ease §  Guaranteed quality standards §  Access to operational experience at off-shore location
  • 5. CO-WORKING HOW IT WORKS BUILT.OPERATE.TRANSFER. §  You define infrastructure §  You define your team requirements §  IP, Processes and Technology desired by you §  You define quality standards Specs defined by you ops managed by us §  We set up infrastructure for you §  We build the team with you §  We provide optimum operational facilities §  We develop the process and delivery mechanism
  • 6. CO-WORKING HOW IT WORKS BUILT.OPERATE.TRANSFER. CLIENT oFFSHORE BENCH OWN                                                                  Technology  &  Process                                Infrastructure,  People,                                                                                                                                                                                                          Legal  Status   MANAGEMENT        On-­‐shore  Opera@ons,  Off-­‐shore  Opera@ons            Processes   CONTROL          Quality      Opera@ons   RESPONSIBILITY          Training,  Precisely      Opera@ons,  Deliverables,              Specified  Requirements  Team  Building,              Transparency  in  Opera@ons       CO-­‐WORKING          Recruitment  of  Team  and  Quality  Control   - ROLE PLAY -
  • 7. BUILT.OPERATE.TRANSFER. IMPLEMENTATION & EXECUTION YOU REMAIN THE FACE FOR YOUR CLIENTS YOUR CLIENTS Offshore team has no contact with your clients at any stage For your client(s) you remain the face You tell the offshore team what to do and when to do and the offshore team follows your instructions CLIENTOffshore team liaise only with your team
  • 8. CO-WORKING HOW YOU BENEFIT FROM IT OUR BENEFITS §  Address the team together or individually §  See the entire facility through a monitor §  Bridge the distance between you and your workforce §  It is as simple as working in two rooms of same building §  No Capital Investment §  No Rent or Utility Bills §  No Recruitment Expenses §  More than 50% saving on Salaries §  100% savings on Employment Taxes §  100% savings on Employee Benefits §  No Recruitment, Retention or Turnover headaches
  • 9. CO-WORKING OPTIMUM SAVINGS CO-­‐WORKING          Recruitment  of  Team  and  Quality  Control   EMPLOYMENT COST OVERHEADS CAPITAL INVESTMENT §  RECRUITMENT EXPENSES reduces by more than 60%; §  BASIC SALARY of a skilled personnel reduced by 50% §  EMPLOYMENT TAXES not to be borne by the client §  EMPLOYEE BENEFITS & FACILITIES managed by Offshore Bench §  SPACE COST reduced by more than 50% §  One of the greatest boon of Co-Working, REDUCTION OF OVERHEADS §  NO rental payments §  NO worry about power and other utilities §  All overheads TAKEN CARE BY OFFSHORE BENCH §  Your Capital Investment is ZERO §  INFRATRUCTURE & WORK FACILITIES provided by Offshore Bench §  LOW COST ENTRY option at the offshore location §  Offshore Bench also supports BUILT –OPERATE- TRANSFER MODEL §  TRANSFER OF FULLY TRAINED TEAM and facilities after initial level of stabilization
  • 10. SEARCH SKILL SET POLICIES EFFICIENCY OB’s SOLUTIONS HIRING is a difficult, but an important activity Its hard to find exactly what you need Efficient qualified people in a growing venture are the key to success Stringent immigration policies have limited the resource pool We manage the HR for you. Build an efficient offshore team and provide a great place to work for your staff CO-WORKING HR ISSUES WE SOLVE
  • 11. CO-WORKING HIRING -manpower- COST INDIA USD 5,000 – 10,000 EXPERIENCE 1-2 Yrs AUSTRALIA USA UK USD 50,000 – 70,000 EXPERIENCE 1-2 Yrs USD 40,000 – 60,000 EXPERIENCE 1-2 Yrs USD 50,000 – 70,000 EXPERIENCE 1-2 Yrs
  • 12. CO-WORKING CONSIDER ONLY IF YOU WANT CO-­‐WORKING          Recruitment  of  Team  and  Quality  Control   §  A win-win relationship with a competent partner that adds value to you §  Retain and leverage corporate knowledge within the company §  Effective and quick corrective actions commensurate with your strategic directions §  Direct control over your finance and accounts resources §  Real time and exact knowledge about the performance §  Retain and leverage corporate knowledge within the company §  Predictable fixed costs §  To focus on your core areas
  • 13. WHY ? Offshoring with Foreign Entities: ü  Exto Partners, Australia ü  I Squared Capital, US ü  Ondek, Australia ü  WhiteSky Labs, Australia, India & Philippines ü  EnVie Fitness, Australia Offshoring With Multi National Indian Entities: ü  Providence Equity Advisors ü  Harley Davidson India ü  HBO India ü  Ethiopian Airlines ü  Nando’s Convenient set up option in the Capital of India, New Delhi. Wherein each project is supervised by team of Chartered Accountants Run by Ex-Big 4’s Professional Chartered Accountants Vast experience with off-shoring. Few key accounts managed by OB   02 03 0501 04
  • 15. CORE TEAM NIRAVKAPILNIMISH CO-FOUNDER 12 YEARS OF EXPERIENCE CHARTERED ACCOUNTANT & COMPANY SECRETARY ALUMNUS OF DELOITTE CO-FOUNDER 12 YEARS OF EXPERIENCE CHARTERED ACCOUNTANT & COMPANY SECRETARY ALUMNUS OF EY & PWC CO-FOUNDER 12 YEARS OF EXPERIENCE CHARTERED ACCOUNTANT & LAWYER ALUMNUS OF DELOITTE
  • 17. WIDE ARRAY OF SERVICES PROCURE TO PAY AUDIT ASSISTANCE ORDER TO CASH PAYROLL RECORD TO REPORT FINANCIAL STATEMENT PERSONALIZED DASHBOARDS FINANCIAL PLANNING - VENDOR DATA MAINTENANCE - INVOICE PROCESSING & PAYMENTS - VENDOR RECONCILIATIONS - ORDER CREATION - INVOICE GENERATION & PAYMMENT COLLECTION - CUSTOMER RECONCILIATIONS -  PREPARING SCHEDULES & AUDIT WORKING PAPERS -  EXPERIANCES CA’s WITH GAAP & IFRS KNOWLEDGE -  QUALIFIED TEMP STAFF FOR SHORT ASSIGNMENTS - PAYROLL ADMINISTRATION - TAX & STAT COMPLIANCES - ADMIN SUPPORT - ACCOUNTING AND RECONCILIATIONS - FINANCIAL PLANNING & ANALYSIS - MIS REPORTING - BUSINESS INTELLIGENCE TOOLS - REPORTS TO TRACK & MONITOR PERFORMANCE - DELIVERED THROUGH MOBILE APP - STATUTORY FINANCIAL STATEMENTS - PERIOD END REPORTING (MONTHLY, QUARTERLY) - TAX REPORTS - INCOME STATEMENT ANALYSIS - BALANCE SHEET/CASH FLOW ANALYSIS - BUDGETING
  • 18.                                 Client Team Controller (OB Team) Accountant (OB Team) Invoice Payments Revenue Bank Reporting Taxation Scan & Email Ticket Payments/Cash flows Management Reports Reconciliation pack Tax work papers Timesheet XERO Docs INDIA   Process Sync CLOUD BASED INFRA
  • 19. Taxation Bank Authentication Invoices Payments ReportingRevenue Infrastructure & Administrative support service Infrastructure and Administrative Conversions IT & Technology Set Up and Support Integration of Local and Offshore Processes Identify and Recommend Right Set of People. Final Choice by Client Cost & Efficiency OptimizationOrganization Process Development Improvement in Software, Technology Human capital development Development support service Integration of Capabilities with the Existing Home Team Seamless sync between off-shore team and the parent team Deploy new Project Managers, processes and tools as needed BUILT.OPERATE.TRANSFER. Implementation & execution
  • 21. NEW DELHI B 9 GREEN PARK MAIN NEW DELHI-110016 NEW DELHI 403, THE COURTYARD, DLF PLACE SAKET, NEW DELHI 110017 INDIA MUMBAI SUITE 1108, LEVEL 11-1102, PENINSULA BUSINESS PARK, TOWER-B, S.B ROAD, LOWER PAREL, MUMBAI-400053 NIMISH.GOEL@OFFSHOREBENCH.COM WWW.OFFSHOREBENCH.COM - SYNERGY -