Business Process Outsourcing
FINANCE & ACCOUNTING BUSINESS PROCESS OUTSOURCING
Business process outsourcing (BPO) is a valuable strategy for organizations seeking new ways to achieve high performance by focusing on their core business process, controlling costs, reducing risk, fostering collaboration and increasing transparency. In short, Promesa’s BPO services enable you to focus on what you do best, while we focus on what we do best – set-up and operate best-in-class finance and accounting business processes. A key Promesa value proposition is the training, change management and transition services we offer to move the transformed business process back to your organization should you desire.
CFOs across all industries share a common goal: to create a best-in-class, high performance finance and accounting organization. Today, that means more than an efficient and effective finance and accounting organization. To achieve high performance in a challenging global marketplace, organizations are looking to their finance and accounting function for insights that will drive business improvement, transformation and results.
Promesa’s BPO services, teams with our clients to deliver business outcomes through analytics, deep industry insight and innovation, in order to drive high performance through BPO. Our in-depth understanding of the finance and accounting business processes, leverage technology through the use of a state-of-the art ERP solution that can be accessed via the “cloud” or locally installed, providing information for decision support and commitment to drive operational excellence are the foundation of our outsourcing relationship that transforms, energizes and provides value. We provide services that deliver business control, value creation and cost improvement all along the finance and accounting process, from transaction processing to compliance and business analytics.
Our capabilities span a full suite of Finance and Accounting BPO services:
Procure to pay
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Transaction processing, including accounts payable and travel and expense processing.
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Financial integrity, including vendor statement reconciliations, interface management and payment accuracy controls.
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Help desk, vendor self-help portals.
Order to cash
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Collections and accounts receivable, including managing and processing collections, maintaining ledger and applying cash.
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Order management and billing, including managing contracts and sales orders, and customer requests and inquiries.
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Order-to-cash analytics, including authorizing and managing credit and revenue assurance activities.
Record to report
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Asset and transactional processing, including fixed assets cash management and banking.
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Period close and data integrity, including master data maintenance, account reconciliation and analysis.
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Financial and government reporting, financial, 1099, management and regulatory reporting.
Additional finance and accounting and project management services include:
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Finance and accounting strategy and organization design, finance skills and competency, policy and procedure development and implementation and finance change management.
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Project management and PMO services