GROWTH THROUGH STRATEGIC ALLIANCE GROWTH THROUGH STRATEGIC ALLIANCE
STRATEGIC ALLIANCE OPPORTUNITY
FINANCE & ACCOUNTING
SBS GLOBAL SERVICES SNAPSHOT
Synergy Business Solutions (India) Private Ltd (SBS), a company incorporated in India with Delivery Center in India and global presence throughout the world, is an emerging Finance & Accounting Services Corporate
Our Global operations are Professionally managed by experienced Board of Directors
SBS is set up exclusively by a group of finance professionals comprising of Chartered Accountants, Cost Accountants, Management Graduates etc. with International Corporate Experience
We are an offshoot of a Practicing Chartered Accounting firm with over 15 years of experience
We have fully secured facility complying with all IT policies with online, onsite and offsite backup to ensure Data Protection & Confidentiality to the clients. With Disaster Recovery Mechanisms in place, we ensure complete security
SBS has Young and Talented Pool of Professionals and Experts to provide services that are comparable with International Standards
Our Service lines include BPO and KPO services to Globally reputed clients spread across India, Luxembourg, Germany, Mexico, Wisconsin & California
SBS works as a Performance Enhancement Partner to help clients achieve world class process efficiency at reduced costs
WHY A STRATEGIC ALLIANCE?
To Maintain LeadershipTo Maintain Leadership
To Improve Customer Focus & DeliveryTo Improve Customer Focus & Delivery
To Address Specific MarketsTo Address Specific Markets
To Gain Edge on Competition MarketsTo Gain Edge on Competition Markets
To Diversify within various geographical areasTo Diversify within various geographical areas
To remain cost effective & competitiveTo remain cost effective & competitive
To improve Customer throughputTo improve Customer throughput
To gain access to global domain experts & professionalsTo gain access to global domain experts & professionals
To Enable greater scaling up
To make cost variable
To free up internal resources
To leverage Domain Expertise
To achieve process optimization and
become best-in-class
39.7
36.4
59.3
58.4
43.6
37.7
22.2
26
16.7
26
18.5
15.6
OFFSHORING – AN IMPORTANT STRATEGIC ALLIANCE INITIATIVE - FACTORS
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
To eliminate non-core activties
internally
To Save Cost
To Comply with Global Best Practices
and Benchmarking
To Reduce Risk
To Enable greater scaling up
51.3
46.3
45.2
42.5
41.3
30.3
41.3
34.3
37
36
18.4
12.5
20.6
20.6
22.7
SOURCE: CFO CONNECT
DEC 2009
Strategic
To Improve Customer Focus & Delivery
Team WorkTo
Maintain Leadership
SIGNIFICANCE OF STRATEGIC ALLIANCES
Strategic Alliance
Passion for Excellence
Trust
Respect
LEADERSHIP
We recognize and reward outstanding performances of individuals
We believe in and practice personal and professional growth of our employees
We empower our employees by way of Knowledge Sharing
RESPECT
We involve our employees in the process of Decision Making
STRATEGIC ALLINCE - FORCES
We involve our employees in the process of Decision Making
We value the ideas of people and listen to them irrespective of the level of experience
We respect work-life balancing
TRUST
We build relationships on the basis of sharing and accepting the truth
We assume others will behave with responsibility and appropriate
ability, fairness, truth and honour for others
We always think positive
CUSTOMER FOCUS
First we understand our customer expectations.
We are committed for a world class service delivery
We always aim to achieve 100% accuracy for the customer output
TEAMWORK
We promote complete involvement of our employees to accomplish the organizational
objectives
STRATEGIC ALLINCE - FORCES
objectives
We work together and support each other to achieve our goals
It is always termed as OUR work
PASSION FOR EXCELLENCE
We strive for the best quality in all that we do
Everyday is considered to bring in a new learning to an individual
We constantly work towards process improvements thereby raising our delivery
standards
FINANCE &
ACCOUNTING
ORDER TO CASH
(ACCOUNTS RECEIVABLES)
PROCURE TO PAY
(ACCOUNTS PAYABLES)
�Invoice Processing
� Collections and Cash Application
�Credit and Order Management
�Reporting and Reconciliation
�Shortened Month End Closure
�Invoice Processing
� Payment Process
�Vendor Master Maintenance
�Three Way Matching & Reconciliation
�MIS & Reporting
STRATEGIC ALLIANCE - SERVICE OFFERINGS
ACCOUNTING
SERVICES
FINANCIAL STATEMENTS
MANAGEMENT
ACCOUNTING & ANALYSIS
�MIS & Reporting
�Periodic General Ledger Closing
� Line Item Reconciliation
�Finalization of Accounts
�Preparation & Reporting of Final Accounts
�Cost Analysis
�Customer Profitability Analysis
�Activity Based Costing
�Variance Analysis
�Performance Reporting
FINANCE &
ACCOUNTING TAX SERVICES
�Individual Tax Returns
�Partnership Tax Returns
�C Corp & S Corp Returns
�Salary Calculations and Processing
�E Pay Slips
�Reimbursements & Full & Final
Settlements
�Statutory Compliance & Reporting
PAYROLL
STRATEGIC ALLIANCE - SERVICE OFFERINGS
ACCOUNTING
SERVICES
TAX SERVICES
ASSURANCE & SUPPORT
SERVICES
�C Corp & S Corp Returns
�Extensions
�Estimated Tax Calculations
�SOX Compliance
�Financial Statement Audits
�Controls Testing
�Risk Assessments
�Reporting
Not confident of quality delivery
for optimization of Back office
operations
COMPETENCY
Dependence on the back office
staff for management reportingDISTANCE/
DEPENDABILITY
•Dedicated Team of Professionals offering 24*5
support
•Data & Reports available on the Client Server
•SBS serves as an extended Delivery Office
SBS has a team of highly skilled professionals
such as CA’s CPAs, MBAs using the latest
technology & established process to optimize
back office delivery
PERCEPTION STRATEGIESDIMENSION
STRATEGIC ALLIANCE – PERCEPTIONS & STRATEGIES
Confidential documentation
shared
•Centralized Access Model with no data transferred to
SBS Local Directory
•SBS signs an NDA
•SBS has an NDA with all its employees
•Excellent Data Confidentiality & Fully Secured Delivery
Center
DATA SECURITY
Offshoring option being tried out
for the first time
•SBS follows proven process procedures to make
it a success
•Experienced Professionals for Migration &
Process Management
•Recommends to Start low and Scale up
FIRST HAND
EXPERIENCE
•SBS serves as an extended Delivery Office
SBS AS A STRATEGIC PARTNER
Strategic PartnerStrategic Partner
STRATEGIC ALLIANCE
Improved TAT – Follow the SUN Model Exclusive Offsite Facility for Delivery
Customer
Best Practices & Process Controls
Operational Process Efficiencies
Access to Domain Experts No Staffing Compliances
No Separate Infrastructure & Staffing Costs
MARKET PENETRATION WITH ENHANCED OPERATIONAL PROFITABILITYMARKET PENETRATION WITH ENHANCED OPERATIONAL PROFITABILITY
WHY SBS AS A STRATEGIC PARTNER?
�SBS Information & Security is comparable with that of a big corporate, coupled
with flexibility of a young enterprise – Best of Both Worlds
�Vast Experience in Migration of European/Americas Accounts from clients for the
Accounting & Payroll Processes
�SBS has a proven track record of world class service delivery to the clients – Trust �SBS has a proven track record of world class service delivery to the clients – Trust
and Dependability from the Customers have facilitated more customer accounts for
SBS
�SBS practices Quality Enhancement Concepts like Six Sigma that are implemented
and being practiced for the respective processes
�SBS offers to bring in Exclusivity to the Customer that proves to be an added
advantage
WHY SBS AS A STRATEGIC PARTNER?
�In order to ensure Strict Customer Confidentiality, Non Disclosure Agreements
are brought into effect with all the SBS employees
�SBS firstly understands the alliance partners’ requirements so as to set up a clear
delivery path to the customer
�SBS Management Team comprises of Professionals with International Corporate �SBS Management Team comprises of Professionals with International Corporate
Experience in the Finance & Accounting Arena
�SBS has the capability for Instant Scalability of Operations to meet the clients
requirements with Easy Access to Process and Domain Experts in the Market
through the Internal Recruitment Wing
�SBS works as a Performance Enhancement Partner to help clients achieve world
class process efficiency at reduced costs
THANK YOU..
Contact us:
Haridasan Panniamvelli
•Finance & Accounting Services
India Office :
Synergy Business Solutions (India) Pvt. Ltd
Laxmi Chambers, 2nd Floor, 1st Main, C Block, AECS Layout,
Kundalahalli, Brookefield, Bangalore-560 037
Ph: +91 80 4030 1700
Fax: +91 80 4030 1730
URL: www.sbsglobalservices.com