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RENUKA INFOCOM PVT LTD (ITES-BPO COMPANY) AN ISO 9001:2000 CERTIFIED COMPANY NEW DELHI INDIA TAXATION OUTSOURCING ACCOUNTING OUTSOURCING PAYROLL OUTSOURCING.

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Presentation on theme: "RENUKA INFOCOM PVT LTD (ITES-BPO COMPANY) AN ISO 9001:2000 CERTIFIED COMPANY NEW DELHI INDIA TAXATION OUTSOURCING ACCOUNTING OUTSOURCING PAYROLL OUTSOURCING."— Presentation transcript:

1 RENUKA INFOCOM PVT LTD (ITES-BPO COMPANY) AN ISO 9001:2000 CERTIFIED COMPANY NEW DELHI INDIA TAXATION OUTSOURCING ACCOUNTING OUTSOURCING PAYROLL OUTSOURCING TRANSACTION PROCESSING SOX AUDITING

2 OBJECTIVE We Use our experience and expertise to help our client to Anticipate, initiate and manage to change for betterment and making them assured that every venture is a success for them. The main objective of the company is to undertake and carry on the business of providing all kinds of information technology based and enable services in India and Abroad for Taxation,Accounting,Payroll and Transaction Processing Outsourcing Services for US,UK, CANADA, AUSTRALIA & EUROPEAN UNION as per GAAPs.

3 PROFESSIONAL PROFILE With in a small duration of three years Renuka Infocom Pvt. Ltd. has become on of the India fastest growing business entity to carry out Business Process Outsourcing (ITES BPO) work worldwide. Renuka Infocom Pvt. Ltd provides the number of 100% reliable KPO services in field of Accounting, Payroll, Taxation,Audit and Transaction Processing for SMEs, LLC and Corporate. We provide a Unique blend of services to our customers and Our latest and sophisticated technology allows us to deliver reliable methodology to our clients to make their cost effective.

4 MANAGEMENT STRUCTURE RENUKA GARG (Chairman cum Managing Director) The Company is incorporated with her name in She has been actively involved in all the Financial matters worldwide and controlling all the administration work globally. FCA, A.N.GARG (Head of Operations) He is an Fellow Member of Institute of Chartered Accountants of India since 25 years. With Full time practice he is looking after day-to-day operations of the company worldwide. His vast experience and professional knowledge, serves wide range of Individuals, Corporate, Partnerships, and Non-Profit Organizations, across the globe. ACA, ROHIT GARG He is an Associate Member of Institute of Chartered Accountants of India since 3 years. Actively involved in. The development of Outsourcing Business for Taxation, Accounting, Payroll, etc. services, for US,UK and CANADA. With his support and ravishing guidance the company has grown up many folds during the last 3 years domestically and internationally. AVNISH GARG He is working at the managerial level in the company since 3 years and handling all the Processes of The Company worldwide. He is Expert in International Taxation, budgeting and Financial Reporting for US,UK and CANADA.

5 CREDENTIALS ISO 9001:2000 Certified by UKAS. REGISTERED UNDER COMPANIES ACT 1956 as an Private Limited Company. RECOGNISED BY INSTITUTE OF CHARTERED ACCOUNTANT OF INDIA M.NO – REGISTERED WITH DIRECTOR GENERAL FOREIGN TRADE.

6 OUR TOP SERVICES ACCOUNTING AND BOOK-KEEPING AS PER GAAP. TAX PREPRATION SERVICES FOR 1040, 1040S, 1065, 1120S, 1120C, 1120, T1, T2, SA 100, SA 800 and VAT RETURNS. PAYROLL SERVICES FOR W2, 940, 941. TRANSACTION PROCESSING FOR BILLING, INVOICING, ACCOUNTS PAYABLE, ACCOUNTS RECIEVABLE AND WRITE UP WORKS. BANK RECONCILIATION STATEMENTS. AUDITING AND COMPLIANCE AUDITS. BUDGETING AND FORECASTING. PREPRATION OF FINANCIAL STATEMENTS. M.I.S. REPORTING.

7 INFRASTRCTURE IBM SERVERS Sq. ft WORKING SPACE. 20 SEATERS DISKLESS SYSTEMS WITH DUAL TFT MONITORS. SYMANTEC ANTI-VIRUS PROTECTION. 2 MBPS ONLINE CONNECTIVITY 24X7. UNINTERUPTED POWER SUPPLY 24X7. TOLL FREE CALLING NUMBERS FOR USA & UK. STATIC I.P. WITH ROUTERS FOR REMOTE ACCESSING. SSL PROTECTED FTP FOR SECURED TRANSFER. FIREWALL AND PROTECTED LAN SYSTEM. ORIGINAL OPERATING SYSTEMS. BIOMETRIC DEVICES FOR SECURITY CHECKS. PROFESSIONALY QUALIFIED MANPOWER.

8 BUSINESS MODEL Renuka Infocom believes in simple and easy business model for its Vendors depending upon the needs of the clients in terms of scope of work and final output desired by the client from us.

9 OUTSOURCING TECHNIQUES Online Outsourcing It includes working on the clients software directly by using client's online accounting software's on secured websites. The client has to send the data/records in PDF format either by , fax or can upload the records on the server. We will access client's online software, process the data and upload to the online software.

10 OUTSOURCING TECHNIQUES Offline Outsourcing This technique uses offline backup of the existing software where the previous data is being stored. The Client has to send the data/records in the PDF format either by , fax or can upload on our server. We will update the books at our end in the same software and send the backup file to the client or will upload on the client server. The client can restore the backup file in the software and check for the final approval.

11 OUTSOURCING TECHNIQUES Remote Desktop Outsourcing This technique requires calling the remote desktop of the client using software like GoToMyPc.com, Remote Assistance or using secured VPN network. The Client has to send the source data in the PDF format either by , fax or can upload on our server. We will update the work and logout after updating is completed

12 GAAP ACCOUNTING Generally Accepted Accounting principals are the accounting rules used to prepare financial statements for publicly traded companies and private companies in US. Security Exchange Commission (SEC) has the ultimate authority over the Listed companies to present their Financials Statement to Shareholders in GAAP so that potential investors, creditors, etc. can easily compare the Financial Result over the number of years for investments, financial decisions,credits, etc. Some of the commonly used US GAAP for reporting are as under :- 1.Business Combinations, used for calculating of Goodwill. 2.Cash Flow Statements, classified under Financing, Investing and Operating. 3.Transaction with Related Party. 4.Earning Per Share, diversified under Basic (EPS) and Diluted EPS 5.Disclosing the Effects or changes made due to changes in accounting policies, method of accounting, adjustments and prior period items. 6.Inventory Valuations.

13 SOX AUDIT Sarbanes Oxley Act 2002 is incorporated to have an Compliance check on Audit, means Auditing of the Audit done. This defines which records are to be saved for how much time period. Thus along with the financial department,IT Department also comes into operations. SEC has imposed this Compliance audit to protect the interest of Shareholders and investors. All the Electronic records, electronic messages and business records must be saved for a period of 5 years from the end of fiscal period in which the audit has been done. As a pert of Audit :- 1.Check access control system. 2.Review Database loopholes in DBMS. 3.Review Password policy. 4.Review Permissions set. 5.Maintenance and Safe Recording of all the stored data.

14 ACCOUNTS PAYABLE & ACCOUNTS RECIEVEABLE The accounts payable & receivable process pays an important role under the accounting process. Companies spend huge expenditure on maintaining accounting process depending upon the Sales & Purchases of the company from year to year. If the accounts department is not strong enough to track the outstanding Payments & dues at the end of each accounting period then huge cost is to be incurred for tracking the exact payment to exact vendor at exact time. Additional cost may be incurred like penalties on late payment, interest, discount waivers, duplicate payments, wrong payment to vendors or additional payments, etc

15 SOFTWARES ACCOUNTING SOFTWARES QUICKBOOKS PEACHTREE SAGE LINE 50 MYOB NETSUITE TAXATION SOFTWARE TAXWISE LACRETE PRO SERIES DRAKE ATX PAYROLL ACCOUNTING QUICKBOOKS NETSUITE ERP SOLUTIONS PEACHTREE TRANSACTION PROCESSING QUICKBOOKS ENTPR NETSUITE CLIENTS ERP SOLUTION

16 DATA SECURITY LICENSE USE OF SYMANTEC ANTI VIRUS. DISK LESS SYSTEMS WITH NO EXTERNAL DEVICES. SEPRATE SERVER ROOM WITH RESTRICTED ACCESS. PKI TECHNOLOGY FOR EMPLOYEE AUTHENTICATION. DATA STORAGE AT 4 DIFFERENT OFFLINE LOCATIONS. ONLINE DATA STORAGE. PAPERLESS ENVIORNMENT. SECURITY CHECKS BY CCTV AND BIOMETRIC TOOLS. SCANNING INCOMING AND OUTGOING. DAILY AUTO BACKUP POLICY ON SEPRATE DISKS.

17 DATA ACCURACY QUALITY CHECKS POLICY. Every transaction is being checked before it is uploaded to main server by process managers. SEPRATE QUALITY CONTROL MANAGERS. Their role to rectify the uncorrected entries figure out by the process managers. FINAL REVIEWING POLICY. Once complete processed data is error free and finally reviewed by hardcore professionals, the same is uploaded on client server. The above phases help us to provide ultimate data accuracy to About 99.95% with 100% client satisfaction.

18 PRICING WE HAVE FLEXIBLE PRICING STRATEGY FOR ACCOUNTING, PAYROLL,TAXATION, & TRANSACTION PROCESSING HOURLYFIXED MONTHLYFIXED QUARTELY

19 OVERVIEW FOR OUTSOURCING Reduces manpower cost by 50%-60%. Get Expertise Hardcore Professional Skills at low cost. Reduces Infrastructure cost by 40%-50%. Get timely Preparation of Financial records. Better Management Control. Centralized Concentration of Complete Data. Squeezing of Unwanted Managerial Hierarchy. Improve Payment/receivable Cycle. Building Vendors confidence. Reduction in additional Liabilities. Effective Debtors and Creditors Management.

20 CLIENTS CERTIFIED PUBLIC ACCOUNTANTS. RETAIL CHAINS. REAL ESTATE. DOCTORS. HOSPITALS. ONLINE SELLING TRADERS. GAS PUMPS. IT COMPANIES. RESTURANTS & HOTELS. FITNESS CENTRES. SMES & LLCS.

21 COMMUNICATION TOLL FREE FOR USA TOLL FREE FOR UK SKYPE renuka.infocom.pvt.ltd FILE TRANSFER PROTOCALL

22 PRESENTED BY CEO,ROHIT GARG (A.C.A., B.COM(H)) RENUKA INFOCOM PVT LTD AGGARWAL MILLENIUM TOWER, NETAJI SUBHASH PLACE,PITAMPURA, NEW DELHI, INDIA PH : GSM : FAX :

23 reserved Renuka Infocom Pvt. Ltd.


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