CAPABILITIES: BPO: Financial Management

AP/AR

F&A

Fixed Asset

Fixed asset, also known as a non-current asset or as property, plant, and equipment (PP&E), is a term used in accounting for assets and property which cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets. In most cases, only tangible assets are referred to as fixed. [more]

Payment System

A payment system is a system for the transfer of money. What makes it a "system" is that it employs cash-substitutes; traditional payment systems are negotiable instruments such as drafts (e.g., checks), credit cards and other charge cards, documentary credit (such as L/C) and electronic funds transfers. Some payment systems include credit mechanisms, but that is essentially a different aspect of payment. Payment systems are used in lieu of tendering cash in domestic and international transactions and consist of a major service provided by banks and other financial institutions. In the US, they are regulated by different state statutes (UCC) and Federal regulations. [more]

Tax Services

Clients are provided with market tax reports, summarising local taxes for each market and providing timely updates. The scope of this information includes specifying the standard rates of withholding and other taxes, distinguishing the alternate treatment of certain instrument classes, setting out any exemptions and reductions available under local law and specifying the reduced rates available by virtue of double taxation treaties. For the avoidance of doubt, such services shall not include tax advice.