The fast-paced changes in the financial services industry compel market leaders to look for business process enhancement and cost advantages, without losing focus on core activities. Be it a leading Finance & Accounting firm or small-to-big business venture burdened with complex F&A requirements, outsourcing non-core functions is the best strategic move to boost operational efficiency within a cost-competitive environment while you focus on such strategic areas as asset management, regulatory compliance, and customer relationships.
Located in Hyderabad, India, Ajel Infotech is a BPO leader with proven expertise in a wide spectrum of financial services and solutions - increasing productivity, enhancing efficiencies, and driving down ever-escalating costs. Combining domain knowledge with execution excellence, flexible outsourcing models, and responsive service, the company handles such segments as general accounting (accounts payable, accounts receivable, and bookkeeping), tax preparation, bank/credit card reconciliation, financial statements/reports preparation, payroll, and much more for some of the most prestigious firms across the globe.
Building Value for Finance Sector
Today's financial firms function within a highly competitive environment where end-users increasingly demand immaculate services on a global scale, more sophisticated business models, and faster, real-time communication across multiple mediums for comprehensive financial information. At Ajel Infotech, we have extensive experience and in-depth understanding of the financial services sector to help our clients meet these challenging requirements through strategic differentiation.
- General Accounting & Bookkeeping
- Federal & State Tax Preparation (incl. 1040, 1041, 1065, 1120, 1120S)
- Accounts Payable (A/P)
- Accounts Receivable (A/R)
- Bank/Credit Card reconciliation
- Financial Statements
- Payroll Processing
General Accounting & Bookkeeping
Ajel Infotech has the domain expertise and technology support to provide a full range of customized accounting and bookkeeping solutions which will enable you to manage and streamline routine financial operations without a hitch. These services are of crucial importance since well-organized and well-maintained financial records are essential for organizational efficiency and a smooth workflow. We document and maintain your financial records; carry out accounting operations; and ensure secure, round-the-clock access to vital financial information. Our skilled professionals will address the requisites on time for shortening billing cycles and enabling effective cash flow management. Work done at Ajel Infotech undergoes a stringent internal audit check to ensure maximum accuracy and enhanced customer satisfaction.
Major areas of expertise:
- Documentation of financial record
- Preparation of cash vouchers, bank vouchers, and journal vouchers
- Preparation of journal ledgers and trial balances
- Regeneration of destroyed and damaged accounts
- Preparation of reports
- Preparation of interim and annual financial statements
- General Ledger maintenance
- Balancing ledgers and checkbooks
- Assistance in tax preparation
- Coordinating & handling of accounts receivable and payable
- Reconciling accounts
- Preparation of payroll records and sales tax returns
- Preparation of depreciation schedules
- Management report creation
Federal & State Tax Preparation
At Ajel Infotech, we keep abreast of the latest changes in the US tax laws and extensively invest in all major tax software to handle your tax compliance obligations and meet the deadlines for tax return filing. While processing tax returns, our skilled professionals will check all relevant data, classify each item, and evaluate the taxability factor – keeping in mind current Govt. policies and regulations. Our findings are then communicated to the client and given due consideration before the final tax return is in place to ensure timely compliance.
Accounts Payable (A/P)
The bills and credit owed by a company may soon snowball into massive amounts too difficult to handle or resolve. Ajel Infotech provides a wide range of accounts payable services to help you implement greater control over the company’s expenditure. Our areas of expertise include invoice processing, credit fund management, supplier account reconciliation, debit note issue, and check writing, as well as data & database management for an unhindered workflow.
Accounts Receivable (A/R)
Accounts receivable are extremely crucial as they help maintain a steady cash inflow – essential for an organization’s financial growth. From billing and collections management through to payment research, ageing analysis, receivable monitoring, claim status follow-up, bad debt resolution, and database management – Ajel Infotech offers a full array of A/R solutions to increase cash flow and enhance revenue generation.
Bank/Credit Card reconciliation
In this age of fast-paced and large-volume transactions, accuracy checks are mandatory for effective reconciliation. Ajel Infotech helps you identify errors and exceptions (fraudulent activities) and evaluates your current accounting operations to suggest a reconciliation plan that best suits your company’s requirements.
Since financial statements are instrumental in indicating a company’s growth path, quality, efficiency, and accuracy remain the keywords when Ajel Infotech prepares all types of financial statements for leading corporations across the globe. We can collate high-volume data from multiple sources, analyze the information, and create accurate, easy-to-understand, customized statements built around your preferences for content and format. Depending on your requirements, these statements will reflect variances between targets and actuals, as well as comparisons with previous financial performances. We can also incorporate charts, graphs, and other visual presentations to feature various perspectives and trends impacting your business operations. Our professional services enable companies to publish, manage, and archive financial statements in a timely manner and without the least hassles – so that you’ll not only reinforce customer loyalty, but also improve customer satisfaction in the process.
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Ajel provided a solution to Department of Labour to fully automate its innovative benefits scheme and processes in a cost effective manner.