When we look back the past 100 years or so, there are some definite trends in the business world. One that sticks out in our increasingly entangled global community, is the rapid rise in government regulation imposed on the financial aspects of doing business. Multinational businesses and international trade are increasingly complex and intertwined, and governments of all descriptions create more and more obstacles for even the smallest enterprise.
Even without the increased regulation, your accounting and finance departments would be hard pressed to keep up with the rapidly evolving financial practices.
FiveX, a leader in Accounting and Finance BPO Services for over 3 years, can hit the ground running with your project starting with Day One. How? We’ve spent a lot of time and money on fielding a team of trained, seasoned experts that can successfully handle your needs, no matter the size of your enterprise
Order to Cash, also known as O2C or OTC, refers to the set of business processes for receiving and processing customer sales orders for goods and services and their payment
The accounting process in aggregating tax liability for the sale of goods and services, preparing returns, collecting back up, and presenting the completed federal and state forms
Accounts payable is recorded in the Accounts Payable sub-ledger at the time an invoice is vouched for payment. Vouchered, or vouched, means that an invoice is approved for payment and has been recorded in the General Ledger or AP subledger as an outstanding, or open, liability because it has not been paid
Payroll processing refers to the task of managing the payment of wages by a company to its employees. The steps involved in payroll processing typically include gathering employee time information for a selected time period, managing benefits & deductions, and distributing employee pay for that time period
Financial reporting is the disclosure of financial results and related information to management and external stakeholders (e.g., investors, customers, regulators) about how a company is performing over a specific period of time
Invoice processing is the entire process the company's accounts payable team uses to handle supplier invoices. It starts when you receive an invoice and finishes when payment has been made and recorded in the general ledger
Accounting or accountancy is the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations.
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business.Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation
Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit. In most business entities, accounts receivable is typically executed by generating an invoice and either mailing or electronically delivering it to the customer, who, in turn, must pay it within an established timeframe
Call, Text, or Email. We’re here. If you need a rush job, or even assistance with something you don’t normally do, we have the people and knowledge that can help
All of our methods are available for your inspection. We realize that you’re a professional too, and if changing our processes makes you happy, bring it on
We routinely check and re-check our work, keeping you constantly informed of our performance. Our error rate is less than 0.01%
Our security systems are state-of-the-art, our operators regularly trained in being most effective in their roles. We’ve never had a data breach, never had a data loss
We are specialists in providing the quickest, most accurate results in your sector, and we can do it your way or ours. And since our employees are cross-trained in many skills, we can keep your project on track
All our services are scalable, so we always have the resources to fit your needs. And if there are slow seasons for you, we can match the activity level. If your busy seasons are crushing you now, we can ease that burden
In the last two decades, the ability to Outsource Finance and Accounting Services has emerged as a powerful business tool. These services require qualified, experienced professionals to process and maintain those huge amounts of data. For such time-consuming work, outsourcing these services makes total sense.
FiveX Services is a leading Outsourcing Finance and Accounting Service provider in INDIA. Our professional staff is simply brilliant. Let us show you how partnering with us can improve your customer base and profitability.