Outsourced Services
Your Extended Team
With our expertise in AI and Technology, our outsourced finance & accounting support services are always one step ahead in deliverables. These services typically include bookkeeping, financial reporting, payroll processing and statutory compliance. By partnering with Subraps, organizations can streamline and automate their finance processes, reduce overhead costs, and ensure accuracy and compliance with ever-changing regulations. This approach allows businesses to focus on their core competencies while gaining access to experienced professionals and scalable solutions tailored to their specific needs.
Under One roof
Procure To Pay
Vendor Data Maintenance
Our Data management team holds a thorough control over vendor credentials from creating a vendor master and updates for any changes and continuously monitored by our Quality control team on a recurring basis to ensure payouts happens to the correct vendors. We also ensure the contracts with vendors are properly documented with proper version controls for easy retrieval.
Invoice Processing & Payments Accounting
Our staff accountants help you make sure that your bills, expense reports and credit cards are continuously monitored and taken care of in a professional manner. We liaise with your in-house teams, seek approvals and facilitate accurate and timely payments for all recurring and nonrecurring bills from service providers. We provide verification and approval of bills from suppliers, aiding to reconcile them with services/goods receipts and purchase orders.
Vendor Reconciliations
Our reconciliations team do continuous liaising with vendors to ensure the quality of Accounts payables in books of accounts are always accurately presented.
Order To Cash
Client Order Creation And Data Maintenance
Our Data management team holds a thorough control over customer credentials from creating a customer master and updating for any changes and continuously monitored by our Quality control team on a recurring basis to ensure invoicing happens to the correct customer. We also ensure the contracts with customers are properly documented with proper version controls for easy retrieval.
Invoice Generation & Collections Accounting
With a steady inflow, your company can keep up the good work. We make sure invoicing and inflow are properly accounted for. Our staff accountants also monitor your company’s cash balances and maintain organized financial records. And we help you keep track of financial information with regular reports, which allow you to stay updated.
Intercompany and Customer Reconciliations
Our reconciliations team do continuous liaising with customers and get confirmations, wherever appropriate to ensure the quality of Accounts receivables in books of accounts are always accurately presented. Also, wherever required, we keep complete track of Intra | Inter Company transactions and share summary reports as part of monthly deliverables.
Record to Report
Accurate Financial Data
Our team of skilled accountants provides comprehensive accounting services, ensuring your financial records are accurate, up-to-date, and compliant with relevant regulations.
Transparent Reporting
We produce timely and insightful trial balance, reconciliations and financial reports, giving you a clear view of your financial health, performance, and key metrics. This empowers you to make informed decisions and track progress towards your goals.
Borrowings and Statutory compliance reports
Our month closure team aids in providing ad hoc reports in the forms of deliverables to borrowers, statutory authorities in pre-defined templates.
Compliance Management
Direct and Indirect Tax Filing
Direct taxes are paid directly to the government and are levied on an entity’s income and profits. However, indirect taxes are incurred on an entity’s purchases or sale of goods and services. Our tax experts enable to do the monthly, quarterly and annual filings on time with necessary approvals.
Compliance Tracker
Compliance tracking is the implementation of a process that continuously monitors Direct and Indirect Taxes to ensure they meet statutory requirements. Our tax experts manage this tracker by comparing actual compliance dates benchmarking with due dates. They also keep highlighting to the management on frequent updates, seek approvals and comply with those.
Monthly Dashboards
Our tax experts helps management with monthly dashboards on
Process Excellence
Building SOPs
Our business process experts will do a thorough understanding of the operational and finance processes, build Six Sigma models and guide the organizations in building Standard Operating Procedures in the form of Process manuals or checklists, depending on the nature of task taken up for review
Process optimization driving economies
FARCO should be able to save you time and give you comfort by identifying and building and optimizing the flow of information by structuring workflows among operational and finance processes. This exercise should enable organisations to identify inefficiencies and drive economies of scale
Partnering for continuous improvement
Once your workflows are up and running, we provide you with instructional information on what is being tracked and what needs to be done, and by whom. Our team also monitors the progress and compliance against the suggested instructions and partner until the model reaches maturity
Efficiency Boost
We analyze your existing processes, identify areas for improvement, and implement best practices to streamline workflows, reduce redundancies, and minimize bottlenecks
Automation
Leveraging cutting-edge technology, we automate repetitive tasks, freeing up your team to focus on high-value activities. This increases productivity, reduces human error, and improves accuracy
Cost Reduction
We help you optimize your resource allocation, minimize overhead costs, and improve operational efficiency. This translates to significant cost savings and a stronger bottom line
Enhanced
We ensure your processes adhere to industry regulations and best practices, minimizing risk and ensuring compliance with legal and ethical standards
Virtual CFO Services
Virtual CFO Services offer businesses access to high-level financial expertise without the need for a full-time Chief Financial Officer. This flexible and cost-effective solution provides strategic financial guidance, oversight, and support tailored to your organization’s unique needs.
Payroll Processing
Payroll Management
Our inhouse Payroll processing tool ensures employees are paid accurately and on time while maintaining compliance with statutory requirements. Our payroll system handles wage calculations, tax withholdings, benefit deductions, and leave balances efficiently. By streamlining these components, organizations can minimize errors, reduce administrative burden, and build trust with their workforce.
Regulatory compliance
Staying up to date with ever-evolving tax laws, labor regulations, and statutory obligations is a key challenge in payroll management. Errors or delays in compliance can lead to penalties and damage a company’s reputation. Our professional payroll services ensure all local, state, and national regulations are met, including timely filings of PF, ESI, TDS, and other statutory contributions, helping companies avoid costly legal issues.
Technology Driven
Our payroll processing leverages advanced software and automation tools to enhance speed, accuracy, and transparency. From cloud-based platforms to integrated HR and accounting systems, technology enables real-time access to payroll data, simplifies reporting , and supports scalability as the business grows. This digital transformation not only improves operational efficiency but also empowers better decision-making through actionable insights.
