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Streamlining Financial Accounting Outsourcing with BPaaS

In today’s dynamic business environment, organisations are constantly seeking ways to optimise their operations, reduce costs, and enhance efficiency. One area where this is particularly evident is in financial accounting outsourcing (FAO). As businesses strive to streamline their financial processes and stay compliant with ever-changing regulations, the adoption of Business Process as a Service (BPaaS) is proving to be a game-changer.

BPaaS offers a comprehensive solution for organising FAO in a streamlined and efficient manner. By standardising common financial processes, centralising pools of deep expertise, and leveraging global best practices and scale, BPaaS helps companies achieve significant improvements in their FAO operations.

One of the key benefits of BPaaS in FAO is its ability to standardise common financial processes. By implementing standardised workflows and procedures, organisations can ensure consistency and accuracy across their financial operations. This not only reduces the risk of errors and inconsistencies but also streamlines the overall process, leading to increased efficiency and productivity.

Additionally, BPaaS centralises pools of deep expertise, allowing organisations to tap into a wealth of knowledge and experience in financial accounting. Rather than relying on disparate teams or external vendors, BPaaS provides access to a dedicated team of experts who specialise in FAO. This ensures that businesses have access to the skills and resources they need to effectively manage their financial processes.

Moreover, leveraging BPaaS enables companies to remain abreast of the latest compliance regulations and accounting rules. With BPaaS providers continuously monitoring changes in regulations and updating their processes accordingly, businesses can ensure that they are always compliant and up-to-date. This not only mitigates the risk of non-compliance but also provides peace of mind knowing that their financial operations are in line with industry standards.

Another advantage of BPaaS in FAO is the seamless tracking of new implementations. With BPaaS providers handling the implementation process, businesses can rest assured that new initiatives will be executed efficiently and effectively. This ensures that businesses can quickly adapt to changing market conditions and seize new opportunities without being bogged down by cumbersome implementation processes.

In conclusion, Business Process as a Service (BPaaS) offers a transformative solution for streamlining financial accounting outsourcing (FAO), providing standardised processes, centralised expertise, and compliance with global best practices. At Writer Information, we specialise in delivering tailored BPaaS solutions to optimise FAO operations, ensuring efficiency, accuracy, and agility. With our expertise and commitment to excellence, we empower businesses to unlock the full potential of BPaaS, seamlessly track new implementations, and drive growth. Choose Writer Information as your partner in BPaaS-enabled FAO to elevate your financial operations to new levels of efficiency and effectiveness.

Know more : https://www.writerinformation.com/finance-and-accounting

Gurmohan Dugal
Head – BPS & International Business
Writer Information

 

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Our People at Work

Be it any industry, a business is as successful as its employees.
When the employees are in sync with the business pattern, management expectations and future goals, then productivity will certainly be on a rise. Disinterest or discontentment on the part of the employees can turn out to be detrimental for the business in the long run. At Writer Information we understand this sentiment and always treat our employees as our greatest strength.

The culture in the company is such that leadership teams treat the employees as valued collaborators who can make or break the fortunes of the company. For us, the people of the company are never just disposable cogs who can be replaced. Our employees form the core for us and that is why with their strength and commitment, we are always responsive to changes in the market. This has helped us create the perfect ground for creative thought processes across all quarters, innovation like never before, creation of breakthrough solutions and commitment to excel beyond all odds as a team. The trust of the management and leadership teams is complemented by enthusiastic employees who bring in power packed energy into the organisation.

3000 customers

9000+ Employees

16 Main Locations

3000 customers

300+ Serviceable Locations

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Business Process Services

  • Robotics / AIenabled
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Our Women's Forum

Across the world, women leaders have been smashing the glass ceiling with greater force and determination. At Writer Information the culture is more of assimilation of talent without any gender biases. We have our women leaders who have taken the company ahead and have been inspirational role models for others. In this company, we motivate and encourage women to emerge as leaders and totally embrace their role-model status and address all challenges that they may face as professionals primarily with action and execution. We not only believe in but make gender diversity a priority for us by setting aspirational objectives for women in leadership roles, asserting on disparate slates of candidates for prestigious and senior positions, and developing initiatives through which we can execute what we truly believe in. Here’s introducing one of our foremost women leaders and one of the strongest business heads of the company – Ms. Sona Talwar.

Our Corporate Social Responsibility

Our company does have a documented sustainability policy. This policy is based on the POLARIS FBN framework and functions under our Samavesh initiative. Under Samavesh, we look after

  • Employees: Create & nurture Workplaces and Working Cultures where employees flourish
  • Communities: Responsible Global Citizens making Contributions to Communities we live and work in
  • Environment: Constantly search ways in which we reduce ecological impact and safeguard the environment
  • Family’s Future Generations: Share values and long-term aspirations with future generations

Workforce
  • Safety and security of our direct and subcontractor workforce with zero-person day lost due to workplace incidents / accidents
  • No more than 15% voluntary turnover
  • Achieve 75% of employees participating in employee engagement surveys
  • Responding to feedback received in employee engagement surveys
  • Cascade performance management systems across the organizations
  • 100% adherence to Code of Business Ethics

Environment
  • Recycle 90% of all available waste (packing material, paper, biodegradables)
  • Energy efficient facilities (office space & warehousing) in terms of Heating, Ventilation & Air-Conditioning and Lighting (including potential renewable sources of energy)
  • Reduction of energy use per cubic meter to a specified Mega Joule per Cubic Meter for goods transported on our fleet by road (ahead of emission norms of all the countries in which we operate)

Partners
  • Weightage of sustainability in partner selection (e.g. gender diversity, underrepresented populations, affirmative action)
  • Service Level Agreements particularly around Workforce & Environment
  • Code of Business Ethics as a part of Partner Contracts

Our company has a documented anti-bribery and corruption policy. We maintain physical and e-learning trainings for all our employees on topics to combat corruption and we also collect annual declaration statements from all employees for the Code of Business Ethics compliance.

Our company has procedures to identify the risk of bribery and corruption, to implement and monitor its policies for all staff and processes to manage incidents.

Apart from having a well drafted Anti Bribery Policy, Fraud and Whistleblower Policy & Conflict of Interest Policy, we undertake following procedures to give assurance on the effective implementation of the policy:

  • Annual declaration statements from all employees for the Code Of Business Ethics compliance.
  • Incident Management through Senior Management intervention and resolution by Whistleblower Committee

Our Values

VISION

Innovate & Grow

MISSION

Delivering excellence in product design, product quality, risk management, new technology applications and service processes to enhance and enrich the customer experience.

VALUES
  • Commitment We deliver the promises we make to our customers, shareholders and employees.
  • Ownership We own every detail of every task – so that our services consistently meet expectations of our customers, shareholders and employees.
  • Passion A desire to ‘make a difference’ is in the heart, mind and soul of every Writer employee.
  • Integrity We gain the trust of our customers, shareholders and employees as there is complete alignment in what we think, what we say and how we act.
  • Collaboration We actively engage with each other to deliver on our Vision and Mission.

Our Commitment

Delivering Excellence in Product Design, Product Quality, Risk Management, New Technology Applications and Service Processes to enhance and enrich the customer experience.

Our Customers

Through a combination of design thinking, process-centric digital technologies, lean principles and advanced analytics, we’re making an impact on across industries, which are increasingly relying on tech innovations and process design to upgrade their operating models in a bid to remain competitive. This way we help to generate growth, driving greater efficiency, business agility and a better customer experience.

We at Writer understand the changing needs of our customers across industries and help them get future ready. We bring together process excellence with new age technologies to help businesses more competitive and agile. With our expertise and understanding of the business, we have helped our customers turn strategy into reality and had a clear picture of a target operating model. Then it was all about incorporating the best tech methods that’re available to us for revamping the processes.

We have consistently supported our customers when it comes to augmenting their business growth and handled operational challenges to provide them the platform to scale up their business volumes like never before. To all our trusted customers, we give them the assurance of transforming their tomorrow, today.