Finance and Accounting Services
Businesses expect finance departments to play a key role in shaping overall strategy & driving business growth, bringing about a major shift in finance & accounting functions. However, time-consuming nature of F&A processes often overburdens finance teams, leaving them with little or no time to focus on strategic functions.
Virtuoso Finance & Accounting Services specializes in delivering personalized F&A services through its delivery centres in India. Leveraging process optimization, advance technology and a large pool of highly qualified accounting professionals, we have enabled F&A transformation for businesses across various key industries.
Our highly customizable F&A services allow businesses to:
Increase operational efficiency
Streamline accounting processes while delivering an excellent customer experience with timely invoices, payments and reports.
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40-50% increase in operating efficiency due to touchless processing
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35-40% cut on operating costs
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8-12% days payables outstanding (DPO) optimization
Improve balance sheet integrity
Deliver frequent, accurate reporting of working capital and cash flow—so business leaders & stakeholders can make better, timelier & more confident decisions.
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Gain better balance sheet integrity with less than 7% of issues being older than 60 days
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95% accuracy in balance sheet reconciliation
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<1% late adjustment entries to balance sheet
Achieve a fast and accurate close
Eliminate manual processes so you can reduce delays and increase accuracy in recording income and expenses—finally making continuous close a reality.
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25-40% decrease in period close times
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15% cut in month end close overtime rates
Prepare tomorrow’s finance talent today
Free up time and talent so your people can focus on more strategic and satisfying tasks, while providing more value to the business.
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Automate up to 80% of transactional work to free up time and talent
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Scales the innovation agenda to nurture a more knowledge-based workforce
Our services:
Order to cash
Optimizes working capital, provides real-time visibility and end-to-end management of revenue and cash flow and streamlines billing processes.
Record to report
Improves operational efficiency and balance sheet integrity, cuts time to close and safeguards compliance with regulatory requirements.
Procure to pay
Boosts vendor compliance, cuts savings erosion, improves discount capture using preferred suppliers, and confirms pricing and terms prior to payment.
Risk & audit support
Reduces risk by regularly testing SOX and continuously monitoring of key risk indicators across processes.