Before:
- Irregularities in daily and monthly reporting (MIS)
- Costs associated with employing accounts staff (£78,000 pa accounts dept)
- High employee turnaround, redundancy and other related issues
In Partnership with Global Infosys:
- Daily system updates due to 5 hour time differential between UK and India
- Fixed deadline reporting on monthly MIS
- Remote processing carried out on SAGE using VPN (Virtual Private Network
- Overall account cost reduced by 33‰ to £52,260 ps
- Client did not have to part with physical documents
- Confidentiality was maintained
- Since this work was implemented 5 years ago, we have helped numerous hotels and restaurants in similar ways.
The Client
- The client is one of well known group of pharmacies in the UK with initially 8 chain of shops
Client Issues
- Book-keeping done by local book-keeper were not up-to-date
- There were delays in reconciliations and book-keeping
- The group was required to submit monthly MIS packs to bank which were never on time
In Partnership with Global Infosys:
- Book-keeping is now up-to-date
- All NPA payments are settled on time
- Monthly VAT returns submitted on time
- MIS pack is now submitted within 25 days of the month, in timely submission for the bank to review
Outsourcing to Global Infosys
- The Management of the group can now focus on expanding the business because the financial information provided is always at their fingertips
The Client
- A medium sized garage based in North London that sells used cars and also service/repairs cars
Client Issues
- Internal Book-keeper was not competent and accounts were behind schedule
- Owner had never received monthly reporting packs to aid in decision-making
In Partnership with Global Infosys:
- Up-to-date monthly Management Reporting packs are now received to aid in decision-making
- Recently client opted for Chrysler group dealership and was required to submit monthly reports as per specific format which is now done by GI
Outsourcing to Global Infosys
- “I wish I made outsourcing decision a year back that would have saved lot of my time” comments made by client after three months of GI’s involvement.
- Accountants are happy with level of bookkeeping and statutory reports, client has to spend less time in signing it
- The business owner now takes 2-3 holidays per year knowing that his business is running smoothly - lucky man!
The Client
- A Law firm based in Central London
Client Issues
- Internal part-time book-keeper could not cope with the workload and was 6 months behind with the accounts
- As a result, the firm had violated rules set by the Law Society by not adhering to keep the accounts at least 1 month in arrears and had incurred a financial penalty
In Partnership with Global Infosys:
- Within 4 months GI ensured that the monthly book-keeping was up-to-date
- Client no longer violates rules imposed by the Law Society
Outsourcing to Global Infosys
- “When inspecting the financial documents, The Law Society were impressed with the book-keeping that GI produced on time” comments made by client after three months of GI’s involvement.