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Other Services

Offering you a complete choice of services which include Human Resources Management Services, Reimbursement Process Services, Business Process Outsourcing Services, Accounting and Reconciliations Services, Accounts Payable Services and Accounts Receivable Services.

Human Resources Management Services
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Wisecor's comprehensive suite of Human Resources (HR) transactional services is specially designed for catering to the entire HR value chain from recruitment to exit management. Human Resources outsourcing helps you to gain control over the payroll process and free your key resources, time etc. Today, this is the preferred choice over setting up and managing an in-house payroll competence. This will help you to focus on your core business activity, Moreover; you will save the substantial cost by ~50-60%.

We are committed to provide best services in Human Resources outsourcing. We ensure timely and accurate salary processing. We can manage all your varied salary structures and monitor leaves, loan advances, re-imbursements etc. We adapted quickly to the changing tax and statutory regulations and ensure timely compliances of all statutory regulations.

We are specialize in the area of payroll outsourcing and are the preferred partner for corporate clients. We have our In-house Payroll & Compliances Management Team with upgraded technologies & software systems. Our team is led by a highly qualified team of Chartered Accountants. We have consistently delivered over 99.99% accuracy in payroll processing across our all engagements. We offer end-to-end services in payroll processing, meeting statutory compliances, facilitating transparent employee communication, while ensuring complete confidentiality. This makes us the reliable partner with our clients.

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Reimbursement Process Services
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Bill Reimbursement process is one of the ongoing tedious tasks for an organisation, but we have come up with the best solution. Wisecor will provide its services for reimbursement process. The service will entail reimbursement of expenses incurred by employees of the Company. The standard process adopted is as mentioned hereunder;

• The payment to the employees will be made on monthly basis.

• The employees will send the vouchers to the central location or Wisecor's Office.

• Company will hand over the documents to Wisecor for further processing.

• Wisecor will verify these vouchers and process them in accordance with Company's policies.

• Wisecor will provide the status of the approved/rejection amount along with the rejection remarks to the co-ordinator.

• All documents will be scanned and digitalized

• All documents/supporting vouchers will be returned to Company after processing on a monthly basis.

• Monthly MIS on reimbursement will be submitted based on SLA each month

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Business Process Outsourcing Services
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Business process outsourcing (BPO) is a valuable strategy for companies seeking new ways to achieve high performance by controlling costs, reducing risk, fostering collaboration and increasing transparency.

A latest BPO is here, and Wisecor is leading the way. Wisecor offers comprehensive BPO services whose success is rooted in deep experience and knowledge of our clients' business and industry. We collaborate to help clients define a broader spectrum of performance targets, including measurable business outcomes such as increased sales, better customer satisfaction, higher levels of employee engagement and productivity and more.

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Accounting and Reconciliations Services
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Accounting & reconciliation is an under appreciated yet critical control to help ensure an organization's financial integrity. Weaknesses and inefficiencies in the reconciliation process often lead to mistakes on the balance sheet and overall inaccuracies in the financial close. Wisecor applied it's professional expertise to control it.

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Accounts Payable Services
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Managing accounts payable is a common practice in every commercial establishment. Whether you deal with goods or provide services. The materials and supplies have to be purchased to conduct the day to day business. However, recent changes in information network have made it possible for businesses to streamline the account payable process.

Purchase requisition, Purchase orders, Invoices, Good Received Note (GRNs), Quality Report / Connfirmations and other documents can now reach their destination through Internet using an e-mail. These tools allow organizations to reduce the paper work. The quick retrievability of historical data / information increases productivity and reduces overhead costs. Our key processes provide an extra ordinary contribution using key management software to move away from a paper-based accounts-payable process. This is accomplished by centralizing payables information, making purchase processes electronic, integrating business software, and implementing electronic key processes. Several management solutions are provided to handle the smooth handling of accounts-payable, including how to take maximise the benefits of any early-payment such as attractive discounts, effective cash flow management, and ensure the key management controls to prevent any likely fraud/misappropriation.

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Accounts Receivable Services
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Our Accounts Receivable Outsourcing Services enable our customers to effortlessly deal with this key finance function which impacts the cash flow. This is very essential for maintaining a strong and vibrant business. Our services enable our customers to increase their control on every account with consistent follow-up on outstanding invoices, and extensive reporting on key account activities. Our Accounts Receivable Services facilitate faster recoveries of dues and assist in improving the cash flow.

We provide a wide range of Accounts Receivable Outsourcing Services and offer our customers the choice and flexibility to outsource all or part of their accounts receivable functions to us. Outsource Accounts Receivable Services to Wisecor and benefit from high-quality services at a low cost.

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General Ledger Accounting Services
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It is important to classify the business transactions into appropriate heads as per the prescribed accounting standards and the applicable legal provisions. The data recorded is therefore arranged by assigning every transaction a suitable and appropriate head as required under the Government policies or IFRS regulation. Though accounting general ledger is regarded as a day-to-day job, it requires the involvement of an expert bookkeeper and accountant to avoid mistakes that can affect the financials of a business

 

General Ledger Accounting Outsourcing Includes;

 

1. Journal Ledger recording

2. Accruals and Provisioning

3. Reconciliation

4. Project Accounting

5. Fixed Assets Management & Capitalisation

6. Closing and Consolidation

7. Statutory Compliances and Reporting

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Financial Management Services
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Organizations looking to do more with less in a challenging global economy recognize the importance of a finance organization that can manage costs while finding innovative ways to improve overall business performance. Wisecor explores the relationship between finance mastery and achieving high performance and delivers experience and assets that can help businesses and governments master their finances with comprehensive approaches backed by proven assets.

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Compliances Management Services
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Companies need to operate and comply with the govt. tax regulations/frameworks in which they operate. For e.g. companies, depending on their business may need to pay sales tax, VAT, Income Tax, Service tax etc. The rules and clauses pertaining to each are quite complex, our expertise are;

 Corporate Governance

 Income Tax

 Services Tax

 Value Added Tax (for all state)

 Central Sales Tax (CST)

 Central Excise

 Customs

 Labour Law Compliances

These regulations themselves do not remain static in nature and are subject to change quite frequently. However it is mandatory for companies to keep track of these changes and comply with these regulations at all times. It is better to have a specialist do this for you. Wisecor provides end-to-end solutions to its clients.

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Inventory Management Services
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Wisecor provides Inventory Management Services designed specially to meet the requirements of medium sized and corporate enterprises. A well organized Business house needs to maintain timely and accurate information about receipt of goods, Sale & Purchase, Disposition, Goods Transfer, and status of stock at any point of time. A precise inventory control system is required to manage the above operations smoothly and accurately.

Our Inventory Management Services provide you the power to control your inventory with centralized stock information and easy to comprehend operation interface. It helps you to track every significant piece of information about each inventory item. This provides you with the latest status of your inventory.

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Man Power Outsourcing Services
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With ongoing fluctuation of economy and business strategies, the corporate mindset is shifting its focus from permanent hiring to temp by outsourcing HR processes. Outsourcing of Manpower and HR services has become normal routine among companies nowadays. With ever increasing business demands it becomes increasingly difficult for companies to get into the intricacies of screening hundreds of applicants and selecting the best out of them. They prefer to concentrate on the business and stay away from this messy and time consuming process. Now this is where a Manpower Outsourcing Partner comes into the picture.

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Fixed Assets Management Services
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Fixed Asset (FA) or Non-current asset which cannot be easily transformed into cash. FA generally refers to the item which is purchased by the firm for its own use. The items incorporated as FA include land, building, plants & machinery, furniture, office equipments and fittings & fixtures. In the long run, the value of the fixed assets gets depreciated. Fixed Assets are those assets whose future financial profit is credible to flow into the entity, whose cost can be calculated accurately according to the "International Accounting Standard (IAS) 16". When incorporated in a systematic manner, the service helps to save huge amount of taxes & insurance cost as well as time.

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