Shared Services

Shared services have come a long way since they started gaining popularity in the 1990s. Seen as a way to leverage economies of scale for large organizations, Shared Services Centers or SSCs, made it possible to transfer basic accounting processes like accounts receivable/payable, payroll, purchase, invoice processing, bank reconciliation etc to offshore entities with lower cost structures and / or different time zone.

The dynamics of our global economic system is so volatile that it has become a pre requisite for every business organisation to merge their non-core financial services to ascertain a competitive edge. In today’s scenario CFOs, CPAs and CAs across the globe seeks out outsourcing firms in the field of bookkeeping & accounting that can assist them in reducing the organisations operating cost, increasing profits and establishing benchmarks for superior governance and conformity to regulations and hence this is the reason organisations across the globe are outsourcing their services to professionals who are expert in outsourcing field.

At a high level, the benefits of implementing a financial shared services model are compelling. They offer an ability to consolidate and standardize processes and a greater flexibility for adding new business units or expanding into new markets. They also free up an organization’s core F&A operation to concentrate more fully on adding strategic business value through financial analysis and planning.

In the decades that followed, shared service centers has proved their value, especially for global enterprises that could benefit from the consolidation of services and standardization of their transactional accounting practices.

We at RJV, grasp this compelling requirement of organisations across the globe and provide them an extensive range of bookkeeping, accounting, process-setup and back office services at competitive costs. In order to achieve world class performance standards and rapid changes in technology, we build invocative structures, strategies and simple solutions to solve complex business problems. RJV has the proficiency to handle specific operational tasks and transactional issues in Financial and Accounting domain through the use of latest technology and automation, we create customized processes as per the specific needs of business with a focus to enhance the efficiency and add value to the organisation.

RJV’s book keeping, accounting and other allied services are outlined to support all level of business organisations by setting up controls and compliance, equalizing the growth and expenditure and increasing the bottom line of such organisations.

 

Sharad Agarwal

Email: sharad.agarwal@rjvadvisors.com

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