Financial Services

Financial Services

The fast-paced changes in the financial services industry compel market leaders to look for business process enhancement and cost advantages, without losing focus on core activities. Be it a leading Finance & Accounting firm or small-to-big business venture burdened with complex F&A requirements, outsourcing non-core functions is the best strategic move to boost operational efficiency within a cost-competitive environment while you focus on such strategic areas as asset management, regulatory compliance, and customer relationships.

 

Located in Bangalore, India, Consystent Infotech is a BPO leader with proven expertise in a wide spectrum of financial services and solutions – increasing productivity, enhancing efficiencies, and driving down ever-escalating costs. Combining domain knowledge with execution excellence, flexible outsourcing models, and responsive service, the company handles such segments as general accounting (accounts payable, accounts receivable, and bookkeeping), tax preparation, bank/credit card reconciliation, financial statements/reports preparation, payroll, and much more for some of the most prestigious firms across the globe.

 

 

Expert Financial Service

 

 

Building Value for Finance Sector

 

Today’s financial firms function within a highly competitive environment where end-users increasingly demand immaculate services on a global scale, more sophisticated business models, and faster, real-time communication across multiple mediums for comprehensive financial information. At Consystent Infotech, we have extensive experience and in-depth understanding of the financial services sector to help our clients meet these challenging requirements through strategic differentiation.

 

The company offers a wide array of crucial back office operations while ensuring the highest levels of accuracy and reliability. All our activities are carried out as per the regulations, Govt. policies and guidelines, or accounting standards applicable in your country. We bring value to global companies by widening their service offerings, enhancing effectiveness, and sharply reducing operational costs while you have secure, 24x7 access to crucial financial information for making effective planning and forecasting decisions.The collaborative approach of Consystent Infotech propagates a client-centric management and ensures that we work more as your strategic partner and veritable offshore arm.Our teams of skilled professionals work dedicatedly to meet your project requirements, help reduce costs & risks, and enable you to achieve a healthy ROI.In a bid to implement a seamless integration between onshore and offshore operations, the company adheres to the most appropriate operational methodology and re-engineers your business processes. We will set up a Pilot program, establish a business case, and design robust off-shore architecture to deliver results and build strong working relationships with all our clients.

 

Service Offerings

 

Consystent Infotech offers a wide array of financial services to its valued clients and helps them derive the maximum benefit of a co-sourcing partnership model. Our areas of expertise services include:

 

General Accounting & Bookkeeping

 

Consystent Infotech has the domain expertise and technology support to provide a full range of customized accounting and bookkeeping solutions which will enable you to manage and streamline routine financial operations without a hitch. These services are of crucial importance since well-organized and well-maintained financial records are essential for organizational efficiency and a smooth workflow. We document and maintain your financial records; carry out accounting operations; and ensure secure, round-the-clock access to vital financial information. Our skilled professionals will address the requisites on time for shortening billing cycles and enabling effective cash flow management. Work done at Consystent Infotech undergoes a stringent internal audit check to ensure maximum accuracy and enhanced customer satisfaction.

 

Major areas of expertise:
 

  • Documentation of financial records
  • Preparation of cash vouchers, bank vouchers, and journal vouchers
  • Preparation of journal ledgers and trial balances
  • Regeneration of destroyed and damaged accounts
  • Preparation of reports
  • Preparation of interim and annual financial statements
  • General Ledger maintenance
  • Balancing ledgers and checkbooks
  • Assistance in tax preparation
  • Coordinating & handling of accounts receivable and payable
  • Reconciling accounts
  • Preparation of payroll records and sales tax returns
  • Preparation of depreciation schedules
  • Management report creation

 

Federal & State Tax Preparation

 

At Consystent Infotech, we keep abreast of the latest changes in the US tax laws and extensively invest in all major tax software to handle your tax compliance obligations and meet the deadlines for tax return filing. While processing tax returns, our skilled professionals will check all relevant data, classify each item, and evaluate the taxability factor – keeping in mind current Govt. policies and regulations. Our findings are then communicated to the client and given due consideration before the final tax return is in place to ensure timely compliance.


Accounts & Payable

 

The bills and credit owed by a company may soon snowball into massive amounts too difficult to handle or resolve. Consystent Infotech provides a wide range of accounts payable services to help you implement greater control over the company’s expenditure. Our areas of expertise include invoice processing, credit fund management, supplier account reconciliation, debit note issue, and check writing, as well as data & database management for an unhindered workflow.


Accounts Receivable (A/R)

 

Accounts receivable are extremely crucial as they help maintain a steady cash inflow – essential for an organization’s financial growth. From billing and collections management through to payment research, ageing analysis, receivable monitoring, claim status follow-up, bad debt resolution, and database management – Consystent Infotech offers a full array of A/R solutions to increase cash flow and enhance revenue generation.


Bank / Credit Card Reconciliation

 

In this age of fast-paced and large-volume transactions, accuracy checks are mandatory for effective reconciliation. Consystent Infotech helps you identify errors and exceptions (fraudulent activities) and evaluates your current accounting operations to suggest a reconciliation plan that best suits your company’s requirements.


Financial Statements

 

Since financial statements are instrumental in indicating a company’s growth path, quality, efficiency, and accuracy remain the keywords when Consystent Infotech prepares all types of financial statements for leading corporations across the globe. We can collate high-volume data from multiple sources, analyze the information, and create accurate, easy-to-understand, customized statements built around your preferences for content and format. Depending on your requirements, these statements will reflect variances between targets and actuals, as well as comparisons with previous financial performances. We can also incorporate charts, graphs, and other visual presentations to feature various perspectives and trends impacting your business operations. Our professional services enable companies to publish, manage, and archive financial statements in a timely manner and without the least hassles – so that you’ll not only reinforce customer loyalty, but also improve customer satisfaction in the process.


What we do:
 

  • Balance Sheets
  • Statements of Equity
  • Profit and Loss Statements
  • Statements of Cash Flow
  • Internal Management Reports

 

Payroll Processing Service

 

Payroll outsourcing has gained momentum over the years as global companies restructure their business models to increase productivity and gain in cost competitiveness. Consystent Infotech has the expertise to provide timely and accurate payroll processing, distribution, and payroll tax filing services in line with your business/industry, while you have 24x7 access to previous & current data for further analyses and reviews. We ensure seamless integration with General Ledger (GL) and time & attendance interface, and generate customized reports to meet the complex and specific needs of our clients.


What we offer:
 

  • Time & attendance interface integration
  • Check processing
  • Depository services
  • Tax filing
  • Garnishment administration
  • Reports generation

 

Depreciation

 

At Consystent Infotech, we calculate and record depreciation & amortization and maintain depreciation schedules, as well as classify & record fixed assets items and capital expenditures.

 

Please contact us if you are interested in outsourcing to Consystent Infotech or would like to find out more information about our company. Our Customer Support Team will be glad to assist and reach out to you within 24 hours.

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