Finance and Accounting Outsourcing Services
In today’s rapidly changing marketplace, the role of Chief Financial Officers (CFOs) has undergone a significant transformation. Organizations worldwide are now relying on their finance and accounting function to handle larger transactional volumes with leaner teams. Additionally, they seek to optimize cash flows while reducing revenue leakages, minimize reconciliation time, and enhance the accuracy of reporting. Moreover, there is a growing demand for valuable business insights from existing data across different stakeholders. To effectively manage these increasing demands and complexities, the solution lies in automation and digitalization.
Karma Global Offers Finance and Accounting Outsourcing Services (FAO) that streamline and automate CFO back-office operations, enabling them to respond with greater agility to changes in the business environment. By leveraging Karma Global’s finance and accounting outsourcing solutions, organizations can enhance operations such as accounts payable and receivables management, account consolidation and reporting, tax processing, and contracts management. These automation solutions for F&A services empower businesses to generate a healthy cash flow, exercise better financial control through insights and forecasts, and maintain highly accurate financial documents for auditing purposes.
Advantages of Our Finance And Accounting Services
$12 Billion
- We process invoices worth $12 billion annually, achieved through successful implementation and delivery of enterprise-wide BPM automation and digitalization efforts at scale.
12 Million
- With a 99.99% accuracy rate, we process 12 million invoices each year using both point solutions and end-to-end automation models that span larger geographies.
99.99% Accuracy
- We achieve a remarkable 99.99% accuracy in processing invoices, employing point automation as well as end-to-end automation solutions to create a quality compliant business ecosystem.
1200+ Digital Finance Service Experts
- Our team of over 1200 digital finance service experts, both in-house and on a consultant basis, ensure the delivery of precision solutions in a timely manner.
30-40% Cost Reduction
- Customers benefit from a significant 30-40% cost reduction for Finance & Accounting (F&A) services, enabling them to generate an additional source of revenue in parallel with their primary business activities.
Finance and Accounting Outsourcing Offerings
Financial Planning & Analysis (FP&A)
- Develop your company's long-term financial plans with strategic insights. Our real-time and accurate financial insights enable improved financial control.
- Accurate forecasts about the company's profit and loss (P&L) support budgeting efforts, and our services include identifying merger and acquisition (M&A) targets and monitoring key performance indicators (KPIs) and operating performance.
Order To Cash (O2C)
- Optimize your business with a faster order-to-cash process. Ensuring high levels of accuracy in synchronous order fulfilment leads to increased customer satisfaction.
- Leveraging O2C automation, organizations can efficiently receive and process customer orders, resulting in improved cash flow and overall financial performance.
Record To Report (R2R)
- Improve financial control and decision-making by providing timely, accurate, and relevant financial information to decision-makers.
- R2R automation reduces transaction time, minimizes processing costs, and ensures the generation and maintenance of accurate financial documents for auditing through a highly systematic approach.
Procure To Pay (P2P)
- Automate the procure-to-pay cycle to gain better visibility and control over spend management, while obtaining insights into spend patterns and financial commitments.
- P2P automation also helps reduce inventory carrying costs, eliminate tail spend, and facilitates centralized procurement and supplier management.
US, UK, India & Canada Tax Processing
- Enhance tax filing efficiency, manage larger volumes of business, and improve the quality of audits for tax firms, small and medium businesses, and large multi-nationals.
- Engage experts in US, UK, India & Canada Tax laws and bye-laws, and leverage automation strategies to mitigate risks.
- By doing so, we improve turnaround time and reduce errors in tax filing and management of multiple group accounts across different tax rates and jurisdictions through automation.
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