Wisecor Services Private Limited

We take care in tracking fixed assets right from acquisition till the disposal andmaintenance of proper records showing all particulars and matters to be provided in the Company’s Audit Report Order (CARO), 2003 relating to material discrepancies, yields accuracy, significant tax savings and robust internal control. We cater following services under Fixed Assets Management:

• Fixed Asset policies formulation and its review & recommendation;
 
• Physical verification & tagging of assets for traceability and custodianship with use of QR code or RFID based technology;
 
• Software implementation & data capturing for cost of acquisition, depreciation, written down value and life of asset;
 
• Reconciliation of physical assets with books of accounts;
 
• Asset history maintenance by capturing source documents along with photographs;
 
• Ensure adequacy of insurance of fixed assets and optimization of insurance cost.

We conduct inventory audits through our in-house developed advanced technologies to get complete analytics of inventories, identifying root cause analysis of variances and prevention and early detection of the frauds and errors. Wecater following services under Inventory Management:

• A B C categorisation of inventories to plan inventory management;
 
• Setting up system for minimum and maximum inventory levels, lead time management, reorder quantity and reorder level;
 
• Audit planning, execution, data capturing, reconciliation of physical inventory with books of accounts through advanced in-house technology;
 
• Ensure adequacy of insurance of inventories and optimization of insurance cost;
 
• Physical verification & tagging of inventory for traceability and custodianship. Use of QR code or RFID based technology advancement;
 
• Optimum utilization of available stock points and space management;
 
• Inventory stocking arrangement to ensure compliances of health, safety and hygiene measures.

We offer customer centric solutionsin Employee Reimbursement System, i.e. processing of employee’s claims as per the approved policy, DOA (delegation of authority) and claim wise recording & reporting. Our experienced team diligently conduct process of scrutinizing claims in time bound manner. Our Employee Reimbursement System assists businesses to:

• To form a best suited tailor-made employee reimbursement policy in line with defined DOA;
 
• Review, Identification and implementation of best suited technology solution;
 
• Scrutiny, approval and payment of expenses as per approved policy in time bound manner;
 
• To form various MIS reports with an objective of proper analytics and optimization of claims.

Our dynamic approach through robotic process automation and outsourcing services in accounts payable provides better controls, cost optimization and efficient cash management. Our customized technology solutions and efficient processes helps client to achieve cost effective Accounts Payable Management. Our AP Management Services Include:

• Digital submission and validation of invoices;
 
• Three-way matching of PO, GRN and invoices;
 
• Implementing stringent controls over invoice processing for compliance and posting;
 
• Timely processing of invoices payments and relevant MIS reports;
 
• Reconciliation of accounts payable with GSTR-2A to ensure proper GST credit is availed;
 
• Classification of vendors into MSME/non-MSME and managing relevant compliances;
 
• Accounts payable ledgers reconciliations through automated tools.