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Creating An Effective Accounting Package Of End-To-End Services
Client: Garnett Papers (UK) Ltd

Background
Garnett is a world-renowned and highly respected Paper Specialty company.

Challenge
Datamatics Financials’ task was to develop a comprehensive package of end-to-end services in Accounts Payable, Accounts Receivable, Payroll, GL, Management Accounts, etc.

As the solutions were industry specific, it meant a replication of function and processes in all aspects. Besides, it involved interacting with the clients’ business associates and external agencies.

Solution
The project involved:
  • Conducting a detailed on site study of the clients’ systems and procedures
  • Gaining working knowledge on processes involved and proper documentation
  • Facilitating a systematic transition of the processes through offsite set-up and training
  • Defining expectations and deliverables

Methodology

  • Assigning a dedicated, full-time team to the clients’ processes
  • Interacting effectively with the clients’ business associates like group companies, customers, suppliers, branches, agents and external agencies like inland revenue, trade agencies, tanks and insurance providers.
Results
  • Improvised on current systems and procedures
  • Systematised information flow with timelines to achieve better efficiency
  • Generated MIS reports on critical areas for management review and decision-making
  • Conducted research on new areas/ requirements
  • Datamatics achieved optimum efficiency and cost control by providing value-added inputs /suggestions from time-to-time.

Tags

Business Process Outsourcing  Finance and Accounting Outsourcing 
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Association with Datamatics has enabled us to streamline our processes and achieve cost & management reporting efficiencies. Overall, we found Datamatics to be  professional, proactive & customer focused  in their approach & implementation.