OverviewThe company is an Established House specializing in providing solutions for safe, dependable transmission of Electric Power. The Company represents the best known names in the Cables/ Switchgears/ Controlgear/ Lighting & other Electrical Components. They are the leading stockiest for many of the leading brands such as Gloster, Nicco, Grandly, National, Kalinga, Paragon, Raychem jointing Kits, Havell's, Standard, Philips, Switchgear & Controlgear but have the backing of Technical Team to provide solutions for your Cabling and Distribution needs & related problems.
Context & Challenges
- High level of Account Receivables
- Delay in closing of Financials
- Duplicity of Vendors / Customers in Database
- Various Compliances to Statutory laws i.e. Excise (First Stage Dealer), Sales Tax, Service Tax (Reverse Charge),TDS etc.
- Internal Audit of various processes
- Gap assessment
- Financial Impact of various gaps
- Appropriate Recommendations
Key Services OfferedThe following are the services provided by Outcome:
- Conduct a Current State Assessment of the incumbent Financials processes
- Identification of gaps in various process i.e. Payroll, Compliance, Closing etc.
- GL Scrutiny is done to ensure that all expenses has been booked on accrual basis
- Ensure Compliance to various laws applicable to company
- Gaps identified in Payroll Process is communicated to Management
- Various reconciliations i.e. Vendor, Customer & Banks are prepared & validated with the help of management
- Helped client around various compliances & streamlining of the process