The CFO’s role is changing from managing cost, risks and revenue growth to managing the complete monetary dealings of a business.
The CFO’s office also has to contend with complex legacy systems, and technologies such as Social Media, Analytics and Cloud (SMAC). At Tech Artist, we create the required ecosystem that aligns to the CFO agenda and supports strategy plans of the enterprise.
Tech Artist assists you in F&A areas such as procurement and supply chain (the Procure-to-Pay and Order-to-Cash process), Collections and Receivables, General Accounting, Record-to-Report and Financial Planning & Analysis.
These services include:
Procure to Pay services – an efficient Procure to Pay process helps your organization better manage your working capital and cash flow, develop strong vendor relationships, save cost and comply with regulatory policies. Our services encompass entire Procure to Pay services
Sourcing – Vendor Management, Contract Management, Purchasing, Catalogue Management, Data Management and PO Processing & Helpdesk
Invoice Processing – E-invoicing, Refund Claims, Disbursements, Discounting, Month-end Accruals and Taxation, Vendor Helpdesk
Reporting – Analytics on desired parameters like revenue generated, month end accruals & cost savings; Regulatory Compliance
Order to Cash –a fast and efficient Order to Cash or Accounts Receivables cycle ensures a high cash flow for a company. Tech Artist is a high-quality Accounts Receivable outsourcing services provider that ensures your company’s invoices are processed quickly and payments are received fast.
Order Management – Order entry, release & tracking, Distribution Coordination, Inventory Management, Customer Database Management
Credit Control and Invoicing – Credit Appraisal and Credit Limit Management, Billing & Invoice Adjustments, Discounts
Accounts Receivable and Collections – Payment follow-ups; Collection processing, reconciliation, bad debts management (including legal handling), Loyalty Program Management, Bank Liaison
Reporting & Analysis – Budgeting and Planning (Revenue, sales volume and profit forecasts), Month-end Reporting (Analysis of customer and sales trends)
Record to Report – a crucial focus area for CFOs is todigitize the finance function, streamline & simplify processes and establish benchmarks for better compliance with regulations. As a specialist in F&A services provider, we adhere to GAAP (Generally Accepted Accounting Principles) and other applicable accounting standards. We ensure that the results delivered to your business are accurate, transparent and cover a wide spectrum of services:
General Ledger Accounting – Journal and Adjustments Entries, Period End Accrual Entries, Reconciliations
Fixed Assets – Recording of additions, disposals, sale, and transfers; Review Work-in-progress; Depreciation Run and Posting
Period Closing & Reporting – Reconcile and Close Sub-ledgers, Review Accruals, Tally Inter-company ledgers, Release Periodic Income Statements and Balance Sheet, Statutory Reporting; Income Tax Filings, Handling Compliances, and Accounting
Treasury – Bank Reconciliations, Debt Management and Reporting
CFO Services – hiring a high salaried CFO is not feasible for the majority of organizations looking to manage their F&A services cost effectively. The CFO services offered by Tech Artist allows its clients gains of having a Chief Financial Officer along with 30-50% reduction in cost and complete data security. We understanding your organization’s strategic business needs to chalk out the financial strategy, propelling your business to newer heights.
Outsourced CFO professional services by Tech Artist cover all the Financial Management services a CFO offers which include Budgets & Forecasting, Financial Analysis & Modeling, Cash Flow Management, KPI (Key Performance Indicators) Analysis, working with different Professionals (CPA, Banker, Attorney), etc
Mortgage Process outsourcing services – mortgage loan processing is resource-intensive and outsourcing this task to a mortgage loan processing company like Tech Artist results in considerable savings in operational costs and resources as well as a shortened turnaround time. Our highly skilled professionals help you make informed decisions pertaining to mortgage loan application process from order appraisals to loan closing. Our services portfolio include services pertaining to Business acquisitions, Appraisal title checks, Underwriting disbursements, Collection services and more
Accounting and Bookkeeping Services – Tech Artist’s team of experienced financial team works as a virtual back-office to your business, to deliver essential accounting and bookkeeping services. Most popular bookkeeping software like SAGE, MS-Small Business Accounting, Quick Books and other spreadsheets are used as part of our services. Tech Artist is an ISO 27001 certified F&A outsourcing company that adheres to GAAP. This ensures high-quality output and stringent security protocols to safeguard all the information of our clients.
Our level 1 services include Accounting Setup, Income Statements, Balance Sheet creation, Cash Flow/Budgeting, Preparing Financial Statements & Reports, Preparing closing entries, Monthly, Quarterly, Year-End Review, Management Reporting, Variance Analysis & Recommendations
Our level 2 services are as follows: Accounts Payable Management, Accounts Receivable Management, Bank Reconciliations, General Ledger Reconciliation, Inventory Management, Revenue Reconciliation with Bank Deposits, etc
Insurance Claims Processing Outsourcing Services – while the insurance industry faces stiff challenge from competition and market uncertainties, outsourcing the cumbersome process of claims management is helping them stay focused on more key aspects of their business. Tech Artist’s high-quality insurance claims processing services allows multiple claims to be handled efficiently in minimal time, least cost and with high accuracy. We process diverse claims falling under health, life and general insurance categories. Our team evaluates claims for their authenticity, reviews the claim amount and sends processed claim back to the client for settlement. Our professionals are trained and vigilant in recognizing fraudulent claims, thereby saving clients from losing money in any false claims.
Financial Analysis and Financial Reporting Services Tech Artist’s team of qualified financial analysis and reporting personnel can prepare yearly or periodic financial statements for your business, as well as advise you on how to improve cash flow and income based on these reports. These services comprise audit, review and compilation of financial statements to provide a clear picture of the financial status of your business on any particular date. Our team is well-versed in IFRS and US GAAP reporting standards and strictly adheres to laws applicable to different geographical locations. More specifically, our services expand to include:
Revenue Management and Recovery – through our outbound call center service
General Ledger Accounting – Ledger Accounting, Processing of Payroll Journals, Period-end Closure of Books, Processing of Stock Movement and Adjustment Journals, Ledger Reconciliations, Processing of Lease, Mergers and Acquisitions, etc
Accounts Reconciliation Services – we make sure that your bank statements comply with internal bookkeeping and accounting records. Our accounts reconciliation services include – Customized account reconciliation, Accounts receivable reconciliation, Accounts payable reconciliation, Clean report generation, Accurate bank reconciliation services and General ledger maintenance, Credit card reconciliation, etc
Cash Flow Management Services – through accurate budget and business planning, Navigant can help you determine your cash flow with accuracy