Financial Controlling

A periodic production of financial statements and regulatory reports through detailed analysis of financial information and reasoning on variances equip us toward better decision making capabilities.

Build with us your growth story with higher standards of corporate governance through a highly controlled finance function

Financial controlling is a mindset with an accountable approach. It is very essential that a culture of this mindset develop across an organizational hierarchy for better corporate governance. Financial controlling is not just a recordkeeping or bookkeeping role, rather an accountable approach toward managing the finances of the organization at an entity level. Developing and implementing budgetary controls to process controls to finance controls, our senior consultants can educate you and your team toward understanding the significance of managing and controlling finances while they perform with their expertise complimented with relevant industry exposures.

Below are such few responsibilities and actions that your organization can gain from our financial controlling services.

  1. Ensure effective and efficient internal controls framework
  • Develop and/ or update accounting policies and/ or procedures
  • Establish appropriate budgetary controls, process controls (including compliance/ regulatory aspects) and financial controls
  • Establish appropriate Segregation of Duties (SOD) controls
  • Establish appropriate authorization controls for disbursements
  • Establish all such possible internal controls to prevent any potential fraud
  1. Oversee accounting function
  • Lead and manage Accounts Payable (AP) process; review invoices, ensure proper General Ledger (GL) coding, ensure vendors are paid as per credit terms
  • Lead and manage Accounts Receivable (AR) process; review invoices, ensure proper General Ledger (GL) coding, ensure customers are billed timely and collections are done timely
  • Lead and manage Payroll process; review payroll input, ensure proper General Ledger (GL) coding, ensure employees are paid salaries on time, ensure all related statutory deductions are appropriate and filings with regulatory bodies are done appropriately and timely
  • Train and develop team members, and also ensure team members are cross trained
  • Interview and hire new team members
  • Deal with conflicting opinions, performance issues and employee performance evaluation
  1. Oversee financial statement closure process
  • Prepare monthly financial statements and submit them to sr. management on time
  • Manage monthly book closure process effectively and ensure monthly financials are reported to sr. management on time
  • Prepare year-end financial statements and ensure appropriate financial closure process
  1. Performing financial analysis
  • Prepare monthly sales and gross profit analysis, and other statistical reports
  • Analyze monthly operating results against budget
  • Prepare month-over-month and year-over-year variance reports
  • Perform various other reconciliations such as BRS, SL/GL, GL/FAR etc.
  1. Cash/ Treasury management
  • Monitor cash flows on multiple bank accounts
  • Prepare Cash Flow forecasts and submit to sr. management
  • Provide recommendations on Treasury decisions
  • Perform funds transfers and initiate other modes of funds transfer as required
  1. Budgeting and forecasting
  • Involvement in preparation of annual budgets
  • Develop forecasts and projects
  1. Coordinate with statutory auditors and ensuring completion of audit
  • Coordinate with external stakeholders such as statutory auditors, tax preparers etc.
  • Involvement in annual financial audits
  1. Oversee compliance/ regulatory requirements and tax filings
  • Ensure compliance to every applicable Company Law provisions, including ROC related filings
  • Ensure compliance to every applicable tax provisions
  • Ensure accuracy and timeliness of all returns