Today, an increasing number of companies are outsourcing band/credit card reconciliation services to skilled vendors in India. Adopting this strategy can help the business free its own precious resources and divert them towards more value creating tasks. As the same time, an expert like Solutions Are We ensures that the organization complies with all statutory and regulatory requirements.
When you outsource bank/credit card reconciliation services to us, we conduct a detail check to verify your internal financial records and transactions in order to detect discrepancies, if any, and to reconcile the same. Also since the reconciliation process provides details of your outstanding checks and any deposits in transit, we can help you conduct the requisite credit control activities.
The following are the types of statement reconciliation services offered at Solutions Are We:
- Reconciliation of your bank statements with your internal financial records
- Reconciliation of any credit card statements sent out to customers with your internal records
- Reconciliation of your General Ledger with vendor and buyer invoices
- Credit control services that help you monitor your customers’ accounts for any late payments – facilitates follow-up activities to recover overdue payments and improves your cash flow
- Partial reconciliation
- Full reconciliation
In this way whether you are only looking for bank reconciliation services or also want to outsource credit control services Solutions Are We can develop a customized solution that fits your exact needs. When you outsource your requirements to Solutions Are We, you can utilize our cutting-edge bank and credit reconciliation software. In this way you can leverage our resources without having to make any additional investments. Hereâ€™s how you can benefit by partnering with us:
- Robust data security measures that ensure that your confidential data is safe – through the use of secure web servers, access-controlled workplaces, and non-disclosure agreements.
- Increased financial control for due diligence of financial statements
- Reduction in administrative and accounting expenses
- Compliance with regulatory legislations like the IRD
- Competitive pricing while providing assurance of optimum quality
Solutions Are We believes in getting an understanding if your overall business at the start of our relationship. This helps us understand our role in your process and also helps us do significant value adds for yours. When you outsource your requirements for bank reconciliation services to us, you can be assured of superior solutions that cater to your exact requirements.
CONTACT US to discuss your bank and credit card reconciliation requirements.