Business process outsourcing
Finance departments are under more and more pressure to cut costs and provide value. Yet many struggle with poorly integrated systems and staff in different locations handling repetitive, error-prone tasks. Automating and standardising these processes can turn an inefficient finance operation into one that adds value. Combining this with the cost benefits of locating staff in a blend of onshore and offshore locations creates a powerful business proposition.
Outsourcing your finance and accounting processes to Logica will typically reduce the operating expenditure of your finance function by 35 per cent. It will improve your cashflow and standardise and automate your operation, all whilst enabling you to maintain full financial and internal control.
We work with organisations in all sectors to transform their finance functions and transform their operations. We have expertise in process, delivery and compliance: and we have deep accountancy skills. This formidable combination will help your organisation to develop a fully efficient and flexible finance operation.
Blended delivery
Our blended delivery model combines staff located in both onshore and low-cost offshore locations, working seamlessly together. We not only manage commodity process such as accounts payable and receivable, but also complex accounting services such as core operational accounting, inter-company reconciliations, and management, statutory and tax reporting. Our teams are underpinned by the BS7799 and Six Sigma quality approaches.
Onshore and offshore locations
For example, a UK customer might have processing and reporting carried out in Bangalore, with document receipt, scanning, print and mail and the banking of cheques carried out in our UK document handling centre. Where needed, you can keep parts of your operation in-house. Our service architecture is designed to ensure a seamless relationship between outsourced and retained finance managers and staff.
In terms of technology we are ‘applications neutral’ although we have a preference for SAP, Oracle and Agresso. We use leading automation technologies to ensure invoice data are delivered directly, without re-keying. And should finance be part of a wider outsourcing project, Logica can also offer extensive applications and IT infrastructure management as well as a wider back-office solution combining finance, HR and procurement.
A quality team
The quality of a finance function rests on people. Logica’s Finance Service Centre team in Bangalore includes professionally qualified accountants in each process area, all of whom are graduates. Working European hours, our Bangalore team operates in a modern professional environment with a strong service-led culture. No other organisation can deliver a team with a better mix of financial, technical and implementation know-how or deliver a better service.
Contact us today to discuss how finance and accounting outsourcing can benefit your business.