As business complexity increases, so is the demand for financial reporting and analysis. The challenge is how to enhance and improve expertise and motivate the resources with the right skill sets to deliver value that the business demands, while keeping a focus on reducing the operational costs. The drive towards cost cutting and better financial reporting and regulatory compliance will force more Chief Financial Officers to consider outsourcing finance and accounting (F&A) business functions. Additional motivations include access to better technology and improved service levels. F&A outsourcing increasingly is being used as a tool not only for cost savings but also for business transformation.

KBL’s Business Process Outsourcing Group helps companies across industries to improve process and regulatory compliance, improve process transparency and achieve a metrics based environment while significantly reducing the cost structure of delivering finance functions. Effectively, we help clients worldwide optimize the performance of important, but non-core, business functions.

KBL’s Business Process Outsourcing Group provides your company with a BPO Assessment Strategy that evaluates the risks and benefits of outsourcing with respect to your business values, core competencies, organizational capabilities and long-term strategies. The combined industry experience at KBL facilitates a multi-discipline approach in top down planning, enterprise extension, process methodology and Total Quality Management (TQM) such as Six Sigma, and positions your organization for a highly successful Finance and Accounting (F&A) BPO initiative. We then bring together the resources necessary to execute your BPO strategy effectively while keeping focus on reducing the F&A operational costs.

KBL’s Business Process Outsourcing Group’s areas of focus include:

• General ledger accounting
• Accounts receivable management
• Accounts payable management
• Banking and account reconciliation and analysis
• Fixed asset accounting and management
• Human resource and payroll management
• Budgeting & forecasting
• Financial statement preparation and reporting.
• Cash flow forecasting
• Spend analysis and projections
• Taxation
• Group consolidations
• Audit support
• CPA and tax filing interface