| FINANCIAL & ACCOUNTING (F&A) SERVICES |
Is your accounting in a less than desirable situation? IFRS got you in a knot? Are you under pressure to reduce costs? Tired of hearing or living with “do more with less”? |
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| Amicorp is here to help. |
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Amicorp’s F&A services help you get it right and stay compliant while spending less. We streamline your finance processes for improved efficiency, control, compliance and risk mitigation while enabling continuous improvement and end-to-end process transformation. How are we so sure we can deliver on this, you may ask. The answer is simple. We preach what we practice. We have centralized the back-office activities of our offices in 27 countries around the world to one single shared services center in Bangalore, India, fully owned by the Amicorp Group. Furthermore, we have opened up our shared services center to external clients, inviting them to experience the same significant benefits that we have achieved through outsourcing. |
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Our F&A services are implemented within an integrated, end-to-end operating structure to provide flexibility and scalability. We offer our services from three geographical locations which have been strategically selected based on their respective competitive advantages in terms of cost, capacity, language capabilities and time zone: Bangalore - India, Pretoria - South Africa and Manila, Davao - Philippines. Based on our clients’ specific requirements, Amicorp can offer the solution that best fits their outsourcing needs and renders the highest return on investment. Should you require specific services to be provided from another location, like in Latin America, we will be happy to work out an alternative solution with you on a case-by-case basis. |
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We operate a range of F&A services, from simple platforms like Quickbooks to complex enterprise risk management systems like SAP and Oracle. If you want to change to a newer, simpler or more complex platform, we will work with you to find what offers you the best of efficiency, control and cost. At Amicorp, we are all about giving you flexibility and providing you with knowledgeable personnel with the insight, know-how and experience to help you develop the solution that best fits your desires and constraints. |
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Comprehensive solutions that have your ultimate satisfaction and budget in mind result from people coming together to assess and understand your current situation and then devising a cost effective, realizable, and appropriate solution. |
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Amicorp’s F&A outsourcing program is a dedicated service for organizations evaluating, or actively engaged in, outsourcing all or part of their finance and accounting function. Our multicultural, multilingual team provides you with the expertise to deal with the statutory, GAAP- and IFRS-based accounting applicable in many jurisdictions. |
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| Transaction Processing |
- Accounts Payable - including vendor reconciliations
- Accounts Receivable - including cash applications, billing, and collections
- Travel & Entertainment (T&E)
- Cost & Inventory Accounting
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| Administrative |
- Vendor Master Management
- Customer Master Management
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| General Ledger Accounting |
- Journal Entry Processing
- General Ledger Close
- Account Reconciliations
- Inter-company Accounting
- Fixed Assets Accounting
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| Treasury |
- Cash Management
- Treasury Reporting
- Bank Account Reconciliations
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| External Reporting |
- Trial Balance
- Consolidated Financial Reporting
- Statutory Reporting
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| Management Reporting |
- Variance Analysis - budget vs. actuals
- Financial Statements
- Management Reports
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| F&A Outsourcing Model |
In any BPO arrangement there is a clear distinction between responsibilities that are typically transferred to the outsourcing services provider (Amicorp) and certain high-end activities that typically remain the responsibility of the client. The diagram below shows those activities which remain with the client and those transferred to Amicorp in an F&A outsourcing arrangement: |
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| Click here to view the Pyramid Diagram |