Services

Business Process Outsourcing

Business Process Outsourcing (BPO) is a strategy for the companies looking for new ways to achieve high performance by controlling costs, reducing risks, promoting collaboration and enhance transparency. It is the process of outsourcing another company to manage business activities for you. Outsourcing is the best alternate as it benefits in way of cost savings, labor flexibility, advanced technology etc

Our business process outsourcing services includes:

• Accounting and Book keeping Services
• Payroll Processing Services
• Material Procurement Services
• Back Office services
• CAD Drawings and design related services
• Reception services

We use the best practices and have expertise human resources.

1) Accounting and Bookkeeping Services

We undertake the outsourced book-keeping and accounting activities for certified public accountants and small businesses as well for the accounting departments of larger businesses and companies.

All Bookkeeping Services

• Outsource General Bookkeeping
• Outsource Accounts Reconciliation
• Financial Statement Preparation
• Outsource Inventory Recording Analysis

Our staff are trained to work on all the major accounting software used world wide to perform this function, including QuickBooks, Quicken, MYOB, Sage, Creative Solutions Accounting, and because of our deep expertise in this field we can also quickly adapt to any other accounting software specified by the client.

We understand that you may have concerns about the risks of outsourcing bookkeeping and accounting services to India. However we maintain the very highest standards of confidentiality and security through the maintenance of rigorous physical security, professional IT security training for our staff, compartmentalisation of our systems and the use of tried-and-tested procedures to minimise the risk of the unauthorized release of confidential client information.

Daily Data Entry

Here at I-Serve we provide Daily Data Entry, recording all your accounting transactions on a daily basis so that you can view it the next (working?) day, allowing you to make informed, timely decisions on important business matters.

Bookkeeping Services & Accounting Services

We provide a wide range of financial outsourcing services which conforms to international standards that include bank reconciliations, maintenance of books and records and the preparation of financial statements. The services provided by us in this area include:-

Accounts Payable Services

Outsource your accounts payable services to I-Serve and experience a transformation in your payment activity. By outsourcing accounts payable services, you can benefit from the automation of the processes involved in transaction management, exception resolution, and the elimination of duplication amongst others benefits. Our cutting-edge technology, use of the latest software and highly-trained team can provide you with accurate and efficient accounts payable services.

Process:

• Generation of Purchase order
• Entering Bills of vendors tracking of A/P
• Payments to vendors/suppliers
• Generation of A/P reports
• Aging analysis etc.
• Processing of voucher of other income/expenses of transaction other than invoices/ bills. Income and Expense Tracking

Accounts Reconciliation Services

Outsourcing accounts reconciliation services are necessary to ensure that your organization's accounting records are consistent with bank statements. Our competent and experienced financial staff can perform a detailed check of your organization's financial records, bank statements, client and vendor bills along with reconciliation tasks. Through outsourcing you can also enjoy the benefits of improved fraud protection, increased financial control, streamlined procedures and reduced accounting expenses.

We perform the following services for account reconciliation:

• Cash Reconciliation
• Balance Sheet Reconciliation
• Bank Reconciliation
• Position Reconciliation
• Payment to Invoice reconciliation
• Matching of invoices with payments received

2) Payroll Processing Services

In any business, it is important to ensure that timely and appropriate payments are made to the employees to maintain their level of satisfaction and keep them motivated. The employees are the backbone of all kinds of business and their interest need to be properly taken care of. In this context, the payroll processing and payment has its own importance.

I Serve is a proficient outsourced payroll service provider. We focus on end-to-end offshore payroll accounting, tax administration and reporting service to relieve all our customers of routine administrative tasks. Outsourcing payroll services, will effectively reduce the cost of operation by 40-50% simultaneously increasing the profitability manifold.

The total process creates the need of a professional and again we at I Serve are here to provide this service at a cost much less than what somebody has to incur by availing services from elsewhere.

The only need is to provide data i.e. time cards, after approval, will be scanned and uploaded to us prior to payday along with agreed employees information and leave rest to us as we shall take care about:

• Prepare and file new hire reporting to state
• Prepare and file, Federal, State, and local payroll taxes
• We complete payroll and client prints, signs and distributes paychecks
• Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments.
• Prepare department summaries of month-to-date payroll data in addition to customized reports specific to Client
• Prepares timely and accurate notifications of tax liabilities and deposits
• Completes Year end W-2 forms
• Reconcile health insurance payments and make payroll deductions when required
• Prepare necessary HR reports such as turnover
• Allocate payroll expenses for multi-store employees
• Prepare and process payroll accruals when necessary
• Respond to employee payroll inquiries
• 940s and 941s

Benefits of Outsourcing Payroll Services

• Cost benefit to the tune of 40-50%.
• Reprieve from repetitive, tedious administrative work
• Timely and Accurate Payments
• No risk of penalties or fines on accounts of mistakes or delays
• Complete compliance of regulations
• No Staffing requirements, no hiring, recruiting or training needed.
• More time to focus on core competencies
• Present staff is free in taking more responsibilities.
• Payroll taken care by experts.

3) Material Procurement Services

Finding the best price and product as per your requirements

4) Back Office services

In today's competitive market every business wants grow and sustain. Outsourcing is the best alternative for those who want to grow more with less investment. Back office services help our client to take advantage of advanced technology and improved decision.

Businesses have many functions to perform. But the most important is to plan and to execute those plans. We offer a wide range of back office solutions that helps to execute those plans to achieve the ultimate goals. We believe in accuracy and efficiency.

5) CAD Drawings and design related services

6) Reception services

Receiving Calls, Transferring calls, outbound calls, booking appointments