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Finance & Accounts Outsourcing

It is critical that transaction processing is handled with greater reliably and timeliness at a much lower cost. As a result Shared Services and BPO have fast become proven sourcing approaches for most finance processes. Initially they focused on the high-volume activities associated with Procure to Pay, Order to Cash and Plan to Report processes. Their scope has steadily increased to include areas of more specialist skills such as Management and Regulatory Reporting, Consolidation, Budgeting, Tax and Treasury Management.

Mynd’s Finance and Accounting (F&A) Outsourcing has pioneered the finance and accounting solutions by integrating domain expertise, global delivery network and technology solutions. Mynd assists in identifying, transitioning, transforming, executing and continuously adding value to finance and accounts processes through a low-cost Business Process Outsourcing (BPO) services model, without compromising on quality and compliance. We believe in delivering the right information at the right time.+ Read More

Fixed Asset Management
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Fixed Asset Management

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Mynd recognizes Capitalization & Fixed Asset Management as a disciplined project solution that is prioritized for maximum impact with a clear Return on Investment (ROI) for our client. We have inventoried & capitalized fixed assets ranging from those owned by a small scale unit to multi-billion dollar organizations with numerous businesses and sites spread across varied geographical regions.
Activities carried out under fixed asset management are as mentioned under:
  • Preparation and maintenance of fixed asset register.
  • Running depreciation calculations as per statutory laws and US GAAP.
  • Monthly capitalization and inventory reconciliation.
  • Physical verification and tagging of Assets.

Under capitalization primary activities carried out are:
  • Creation of location Ids in sync with client
  • CWIP (Capital work-in-progress) analysis to initiate capitalization process
  • Provisional Capitalization (in cases where information is not available)
  • Capitalization process for a particular month would be completed on a pre-decided date in subsequent month
  • Inter circle asset transfer activity based on receipt of information.

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GL Accounting

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