Knowledge Process Outsourcing

Knowledge Process Outsourcing

Knowledge Process Outsourcing (KPO) is a type of business process outsourcing where an organization contracts with a third-party service provider to perform high-value knowledge-intensive work, such as data analysis, research, or consulting. KPO services typically require specialized skills and expertise, and are often used by companies that need to access specific knowledge or capabilities that are not available in-house. KPO providers can help organizations reduce costs, improve efficiency, and gain access to new skills and expertise, while also enabling them to focus on their core business activities.

General ledger accounts/ Reconciliations – Bank Accounts / TDS / Vendors etc. In order to make timely and visionary decisions, it is utmost important to prepare accounts with greater reliably and timeliness at a much lower cost without compromising on quality and compliance. We provide the following:

• Easy access to daily accounts (comprising of all general ledgers) considering Indian GAAP
• Timely reports like reconciliation statements, party balance ageing etc.

Further, we are in the process of implementing cloud accounting system very soon which will benefit our clients in terms of real time and online accessibility of accounts

Payroll management and Legal Compliances

• Payroll processing is creating trouble. We will help you. We provide a wide range of solutions to your payroll related problems. Our offerings include:
• Maintenance of payroll data and easy access anytime everywhere with internet-based technology
• Employee self service
• Monthly Payroll processing

Payroll management and Legal Compliances

• Compliance with legal laws like EPF, ESI, registration etc.
• Completion of related statutory compliances at one click
• Trouble free joining and resigning formalities

Fixed asset and inventory management / Verifications

At Shine Legal India, we make fixed assets and inventory management easy for small, mediumand large sized companies. We provide following services under this domain:

• Preparation of fixed asset and inventory register
• Computation of depreciation as per applicable statutes
• Physical verification and tagging of assets
• Periodic reconciliation with books vs actual
• LIFO/FEFO/FIFO for stock movement – Non moving stocks, slow moving, dead stocks etc.
• Return goods management and stocking
• Re-engineer inventory management process – Stock receipts, issuance, movement etc.
• Capitalisation of cost components as per applicable statutes

Management Information system (MIS)

This domain assists clients in timely closing their accounts with the help of our specialized / skilled group of professionals. We also provide value added analysis of the client’s financial data to make it more understandable / logical to serve various objectives. Our range of service includes:

• Preparation of period end financial statements as per internal and external reporting requirements
• Consolidation
• Financial data analysis

Accounts Payable processing (APP)

The Company with a poorly running accounts payable may lead to payment of vendor invoices earlier than due date which causes cash strapping and loss of discounts. Also, the non-payment of invoices when they become due which may strain supplier relationships along with other financial implications. For companies with many locations across the country, the need to drive down utility costs and improve facility efficiency is critical to stay competitive.
Here, Shine Legal India plays a critical role in handling the entire account payable cycle:

• Provide onsite / offsite support to handle bills / invoices / claims etc through skilled resources managed by experienced managers
• Help to devise a robust expense management system comprising of strong processes, TAT, roles & responsibilities defined, regular reporting and review mechanism
• Monthly reviews with clients SPOCs to overcome the shot comings
• Provide value add to client business by proactively prompting on duplicate payments through process or system controls, identify the delays, reduce payment TATs, accurate reporting that helps the client in managing the funds efficiently and effectively etc.

Accounts receivable processing (ARP)

Shine Legal India helps the company from customer to cash cycle. The foundation behind account receivables is policies and procedures for sales / AR. For example, do you have a credit policy? When and how do you evaluate a customer for credit? etc. Shine Legal India team in one way relieve you from day-to-day account receivable processing and in another way gives you our analysis reports where you can find answers of all your concerns and thereby give life to your internal workings.
Our scope will include:

• Customer master maintenance
• Credit control / AR policy set up
• Process Account receivables
• Monitoring collections and periodic reconciliation
• Periodic forecasting of revenue and collections
• Provisioning of AR
• Period close and Reporting