Finance & Accounting

Marginal Column

Value Proposition

95% of invoices paid on time

Discount gain Optimization

Savings through arresting of double payment instances

Responsibility of customer goals – such as 95% ontime payment to suppliers with a clear RASIC

30% reduction in 90+ days outstanding

5% reduction in Avg. Daily Sales outstanding

40% reduction in bad debts provisioning year on year

Increase in transaction productivity passed onto Customer

90% Reduction of unallocated payments within16 months

In today’s challenging business scenario, the finance and accounting function plays a key role to ensure efficient business operations with compliance, managing expenses versus growth and maximizing the return on investment cycle. To achieve towards this objective the global organizations are looking forward to become leaner, smarter, agile, innovative, and competitive in the dynamic environment.

As global Finance & Accounting Outsourcing (FAO) market matures, service providers are expected to deliver outcomes beyond cost innovations and service level agreements. At Bosch Engineering and Business Solutions, the FAO practice serves clients in 20 locales across the globe with over 10 years of expertise that is characterized by cost innovation, domain expertise, process improvements and operational excellence within a robust compliance framework. Bosch's FAO services and solutions helped clients to swiftly move ahead from manual processes to market leading smarter processes with deep-dive analytics capabilities.

 

Compliant to ISAE 3402, the Finance & Accounting Outsourcing (FAO) practice has been built on a strong framework consisting of:

  • Efficient IT tools and process enablers
  • Global delivery and innovative pricing models
  • End-to-end process capabilities
  • Process Excellence Framework
  • Real time updation on accounting regulatory changes
  • Compliance and control
 

Services


 

  • Accounts Payables
  • Accounts Receivables
  • Asset Accounting
  • Travel & Expense Accounting
  • Controlling & Business Planning
  • General Ledger
  • Advanced Accounting
  • Financial Planning & Analysis