Comprehensive Management of Finance, Accounting & Payroll Function
For larger clients with more complex local operations, we may take over the responsibility for managing the entire finance and accounting department where typically we hire and manage all the personnel (which may mean that we transfer individuals over from the client to become PS employees). This arrangement provides clients with a high quality, low maintenance, outsourced solution that allows valuable management time to be focused on their core business. This service usually involves a number of individuals being fully dedicated to the client, with other specialists being used on an as-needed basis.
The service covers strategic business planning, budgeting and controlling, systems selection and operational support, process improvements, statutory reporting, management and international reporting to IFRS, UK, US or other GAAP requirements, transaction processing, payroll, tax compliance from VAT and personal income tax to corporate tax and import duties, financial management (credit control and management of collection of receivables, internal controls, monitoring of limits and approvals).