Shared Services and Outsourcing
The continuous drive for greater organizational efficiency, business agility and flexibility, and quicker returns on investment is creating demand for new business models that incorporate shared services, outsourcing and on-shoring/offshoring as means to achieving corporate objectives. These decisions are strategic by nature and are increasingly made at the board level.
For organizations that have transitioned to a shared services and/or outsourcing model, the focus would be on maturing the model and extracting greater value.
Ongoing investments and a focus on optimizing the service delivery model are also necessary in order to enhance governance, for benefit realization and risk mitigation, and for re-negotiation and re-alignment of existing agreements.
How we can Help :
Our Shared Services & Outsourcing team will work with you to strategize, design, establish and transition to a service delivery model best suited to your organization.
Be it your need for a delivery model for IT or business functions such as HR, finance and accounting, or the decision between third-party provider or in-house shared services center, our team can help you make an informed choice. We can also design, establish and provide operational support for your organization’s governance functions with the view to improving how services are delivered and to driving value from outsourced relationships.
Once your service delivery model is in place, we can assist with long-term enhancement of the model to provide ongoing support for your organization’s strategic objectives.
Financial and IT Outsourcing :
Vittoba’s outsourcing services help clients acquire the right skills, improve processes and procedures and comply with local and international regulations.
The Benefits :
Improve Your Performance
- We tailor KPI’s to drive your business.
- We improve your decision making through our surrogate FD service.
- We enhance your performance through quality MI.
- We offer a dedicated and transparent portal for your business.
Control Your Business
- We offer quality and timely management information.
- We offer a service level guarantee.
- We offer access to best technology and practices.
- We eliminate the need to train and recruit equivalent staff.
Reduce Your Costs
- We help you avoid costly accounting and repair work.
- We offer you access to multiple accounting skill sets.
- We help to streamline your processes, driving efficiency.
- We reduce your software maintenance costs.
Reduce Your Risk
- We improve your corporate governance.
- We improve bank and shareholder relationships.
- We help to streamline your processes, driving efficiency.
- We take away holiday and absenteeism Issues.
Our Service can Include :
Full back office financial outsourcing (AP, AR, GL)
Our outsourcing team can run all or part of your finance function (Accounts Receivable, Accounts Payable, General Ledger, Month end close process) to ensure that you get accurate, timely management information in a format that meets your needs or reporting requirements. With a wealth of experience in different software packages, we deliver a tailored solution that works for your business.
Receivables Management
We have extensive experience in advising on all aspects of debt and credit management resulting in the production of high quality, detailed reporting to provide additional comfort to asset based lenders, enhancement of new business proposals, and strategy advice to distressed businesses and debtor book collections for struggling or failed businesses.
Payables Management
We cover all aspects of payables management from processing of invoices using technology such as optical character recognition, online storage of invoices which is HMRC compliant, review of supplier statements and reconciling accounts, and also payment of invoices using our bacs bureau which includes issuing remittances. We take the administration out of your accounts payable process.
Preparation of Management Accounts
We design and deliver tailored dashboards and management reporting packs to meet your requirements and those of your stakeholders. Combining financial and non-financial data, we put you back in control of your reporting and provide the analysis you need to make quick decisions.
IT Outsourcing
Our IT support services provide a ‘Virtual IT Department’ to a range of organisations such as owner-managed businesses, charities, private individuals as well as limited companies. Our tailored approach means that you receive the right level of support and advice at all times whilst reducing your IT costs. We can provide a range of Managed IT Services including Pro-active server monitoring, Anti-Virus, Web and Email protection as well as Managed Cloud Backup.