Proaegis | Corporate Finance | Accounting Outsourcing

Accounting and Bookkeeping Services

At Proaegis, we help businesses small and bigto track financial performance, gain insight, and stay on track with our outsourced accounting and bookkeeping Services

Designed for organizations looking to outsource their complete finance and accounts function to a single partner
Whatever your accounting needs are, you can rely on a partner trusted by over 30 businesses globally
Flexible engagement models that can be tailored to meet unique needs of our clients
One of our most popular offerings amongst our startup to mid-size clients
As part of our accounting service, we ensure there are no revenue leakages, ensure all expenses are accrued for, eliminate wrong/excess/duplicate payments, manage working capital, and ensure timely reporting of monthly financials

Detailed Scope of Services

Our service offering covers the entire spectrum of client’s accounting processes with well-defined standard operating processes which has built in controls and meets all regulatory requirements.

Accounts Payable or Procure to Pay (P2P) process - including issuing Purchase Orders, invoice approval, payment processing after three-way matching, bank reconciliations, etc

Accounts Receivable or Order to Cash (OTC) process - including raising invoices, contract/project creations and reconciliation, invoice reconciliations, accounting collections, etc

Payroll processing – including benefits administration, publishing payslips, generate bank file and journal entry, statutory filing, etc

Fixed Assets – including capitalization, asset life estimation, depreciation, etc

AGeneral Ledger or Record to Report (R2R) - including month-close entries, ledger maintenance, preparing financial statements and schedules, reconciliations, cash flow statements, etc

Cash flow management – working capital management, cash flow forecasts, etc

Management Reporting – assistance with reporting including inventory reports, segment reports, performance analysis, ratio analysis, reporting of periodic financial and management KPIs, etc

Audit Support – end-to-end support to our clients for completing the audit of financials and resolving queries by external agencies

Financial Planning and Analysis (FP&A) services - including budgeting, forecasting, pricing, business reporting, etc

Customised Accounting Services

We often customize our standard service offerings as per our client’s requirements.
Clients can pick and choose from different standard accounting services as per their specific business requirements. Proaegis can be engaged to do parts of an entire process, but the ownership of the complete process would lie with the client in that scenario.However, we always encourage our clients to outsource the entire process to us than pieces of it.
We can do the accounting in systems procured and managed by us with adequate access provided to the client. Alternatively, we can also provide the service on the client’s system.

Additional Scope

Based on the requirement of our clients we can cover additional areas as below:

Tax and regulatory compliance services
Secretarial services
Commercial negotiations with vendors and clients
Accounting software selection and implementation
Accounting process design or redesign
Dealing with auditors, banks, tax authorities, Companies’ houses, etc for accounting, audit, and return filing purposes

Monthly Packages for Startups & Small Businesses

Basic

Book Keeping
GST Compliance
TDS Compliance
ESI / PF Compliance

Hot

Standard

Basic Package
Payroll processing
Management Reports
Cash flow management
Tax planning

Premium

Standard Package
Budgeting & Forecasting Business plan prep
Funding assistance
Virtual CFO services

Corporate Finance Services

It’s not easy to gain a competitive advantage without the right finance partnerby your side. We at Proaegis help businesses grow to the next level with our Corporate Finance services.

Virtual CFO services – Your Growth Partner

We can act as de-facto CFO of a startupsto medium-sized enterprise and:

Virtual CFO will supervise entire accounting, tax and compliance matters and provide the entire gambut of corporate finance services
Virtual CFO would also analyse and interpret financial statements and management accounts to provide meaningful insights to management
A virtual CFO also brings best practices, strategic finance expertise, niche finance skills, and network effect to the organization

Assistance in raising debt and/or equity

This would cover identifying the need for funds, preparation of a business plan covering the usage of funds, establishing market segmentation and analyzing the competitive landscape, valuation assistance, preparation of an investor pitch, identifying investors, and defending the pitch.

Design and documentation of accounting policies and procedures

Service involves documenting all accounting policies and procedures, with appropriate internal control and best-in-class practices. This is a requirement for standard financial audits and will aid in governance and scaling up.

Preparation of business plan

This would involve understanding the vision and strategy of the organization, evaluating the competition and market, getting involved with the business teams, validating current budgets and forecasts, and drawing up a business plan for typically a 3- or 5-year period. In the event of fundraising, we can also support defending the plan during diligence.

Preparation of annual budget and operating plan

This would involve understanding the vision and strategy of the organization, validating previous budgets and forecasts if any, and drawing up a budget and operating plan for the upcoming year based on the current forecast and pipeline.

Finance and tax diligence

We can provide financial due diligence services by performing an examination and analysis of a business, its financial performance, and its financial strength, and validating forecasts and business plans. This will cover assessing the key issues facing the business and cash flows.
We also can perform tax due diligence services under which we examine the company's unrecognized tax expenses, tax exposures, and other tax issues.

Design and implementation of finance systems

We can help during the implementation of a new finance system in capturing requirements, designing the to-be processes, creating a new chart of accounts, training resources, negotiating and working with the system implementation partner, etc

Providing temporary finance and accounting staff

We can provide temporary or interim accounting and finance professionals to cater to your temporary needs, particularly during year-end, implementation of a new system, or for specific initiatives.