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Arpan Infotech Pvt. Limited
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Arpan Infotech Pvt. Limited
Anupama Nangia

36, MDC, Swastik Vihar, 2nd floor
Panchkula 13411
(931) 610-5744

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Arpan Infotech Pvt. Limited


Arpan Infotech is looking for collaboration approach for providing expert services in the areas of knowledge process outsourcing. Due to the experience and knowledge of this industry. We shall work in collaboration with our partners to provide maximum volume to our customers.

Objectives

Arpan Infotech is looking for collaboration approach for providing expert services in the areas of knowledge process outsourcing. Due to the experience and knowledge of this industry. we shall work in collaboration with our partners to provide maximum volume to our customers.

Finance & Accounts

Financial Accounting Services

Organizations, irrespective of size, are increasingly looking to outsource their accounting requirements for a number of reasons such as: cost reduction, regulatory compliance, industry consolidation, reduction of environment complexity, and access to new technology and management processes.

To compete and succeed across the long term in this ever-changing global environment, many visionary executive leaders have chosen to outsource part or all of their accounting and finance requirements.

Outsourcing gives your company access to a higher level of expertise than you normally could afford especially in the field of Accounting services.

Accounting Services

It is predicted that the worldwide market for outsourcing of financial and accounting services will grow from $11.2 billion in 2004 to $17.2 billion in 2008.

In 2008, the market for outsourcing of financial and accounting services will then represent approximately 15% of the worldwide outsourcing market.

The reason for this quantum leap in the growth of financial and accounting services is the fact that medium-sized enterprises would want to acquire the same advantages from outsourcing that larger enterprises are already enjoying.

Organizations, irrespective of size, are increasingly looking to outsource their accounting requirements for a number of reasons such as: cost reduction, regulatory compliance, industry consolidation, reduction of environment complexity, and access to new technology and management processes.

To compete and succeed across the long term in this ever-changing global environment, many visionary executive leaders have chosen to outsource part or all of their in-house functions. This enables the company to focus on core competencies inline with their mission and not expend management's resources on internal finance, information technology etc. Outsourcing gives your company access to a higher level of expertise than you normally could afford especially in the field of Accounting services.

There is clear logic in support of Financial and Accounting outsourcing. This is exactly what Gartner analyst Michael Montonen, speaking at the recent Gartner Outsourcing Summit, said "CFOs should look at F&A outsourcing to reduce the time they spend on tactical issues; improve their processes, systems, visibility, and flexibility; save money; and gain more effective Sarbanes-Oxley compliance."

Moreover while the off shoring of transactional processes generally yields a 20%-25% cost reduction in the overall Finance and Accounting functions, the off shoring of key processes has the potential of a 35%-40% reduction in costs. In transactional processes, 60%-80% of the cost savings arise out of labor-arbitrage opportunities.

It is universally acknowledged that India produces more Chartered Accountants than any other country, but the uniqueness of recruiting accountants in India is the high standard of the Chartered Accountancy exams, which accountants have to write in order to become a certified accountant. The Chartered Accountancy exams in India is one of the highest in the world and follows rigorous norms.

Accounting Services

1. Financial Accounting  

  • GAAP (Generally Accepted Accounting Principles)
  • Financial models customized on case-to-case basis

2. General Ledger Accounting  / Bookkeeping

  • Updating Chart of accounts
  • Maintaining ledger accounts
  • Generating Trial Balance and closing accounts
  • Preparation of financial statements - Month end / year end / final statements

3. Accounts Transaction Management

  • Revenue Processes
    • Accounts Receivable Processing
    • Sales Order processing
    • Customer Invoicing
  • Disbursements Processes
    • Accounts Payable Processing / Vendor file maintenance
    • Travel and Entertainment Expenses Accounting
    • Cash Disbursement processes
    • Processing Letter of Credit related documents

4. Billing Services

5. Payroll

    • Salary/loan administration
    • Benefits
    • Superannuation
    • Deductions
    • Reimbursements
    • Database maintenance
    • 24/7 employee access to income and tax details

6. Banking Services 

  • Bank Reconciliation
  • Cheque Processing
  • Debit and credit card processing
  • Banking Transactions  

7. Budgeting & Forecasting

8. Tax Services

  • Tax Strategies
  • Tax Implications
  • Tax Compliance
  • Tax returns Preparation

9. Fixed Asset and Capital Accounting Processes

  • Compute depreciation tables and schedules and record depreciation
  • Valuation adjustments and write off accountancy
  • Work-in-progress accounts Maintenance
  • Resolve fixed asset accounts and ledger entries

10. Migration of Legacy systems

11. Financial Reporting

12. Cost and Inventory Accounting Processes

  • Maintain inventory records / Stock Accounting
  • Cost Estimation
  • Variance analysis performance

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