Finance and Accounting

Overview

Innoval Global Solutions provides a full suite of Finance and Accounting services for multiple industries including: Health care, Telecommunication, Utilities and Financial services companies. We deliver technology, skilled representatives, financial analysis and detailed reporting across the accounting BPO platform i.e. PTP (Procure to Pay-Accounts Payable), OTC (Order to Cash-Accounts Receivable) and RTR (Record to Report- General Accounting).

We operate as advocates for our clients to improve the dialog between the retain team and our BPO team to determine cause of the problem and help identify solutions to enhance outcomes.

This requires an in-depth knowledge of accounting and focused industry expertise to help you effectively manage your accounts.

Innoval Global Solutions’ creative approach to problem solving, our ability to leverage a global footprint to ensure maximum efficiencies and our commitment to deploying the best people and technology to each project has allowed us to grow and prosper alongside our clients and partners alike.


Procure to pay:

Let Innoval Global Solutions’ team of accounting experts streamline and manage your Procure to pay functions. Our ‘Procure to Pay’ function encompasses your end to end Procurement cycle, right from identifying the right vendor, purchase of material or service to completion of payment. We focus on ensuring efficiency in Document management, Scanning, Approval Management via workflow, Procurement Invoice processing, Vendor set up & Amendments, Time and Expense, Query management & Accuracy in Payment, Month End Closing & Reporting etc. We thrive on providing best in class service for each of the following:

  • Image VENDOR
    MANAGEMENT
  • Image PURCHASING
  • Image INVOICE & PAYMENT
    PROCESSING
  • Image Travel and expense
    reimbursement
  • Image P-card administration
  • Image Vendor inquires
  • Image Period and year end closing and reporting

We have automation solution with our Sister Concern firm, iValuate Global Technologies where we provide Accounts Payable Automation to optimize the process of digitization of invoices, vendor set up, verifying and conducting multilayered auto validation and approval with intelligent capture, touchless processing and electronic workflow capabilities — helping your company save vital time and costs while improving supplier relationships.


Order to Cash:

Innoval Global Solutions' team of accounting experts, with years of experience in accounting BPO functions, excel in the field of Order to Cash (Accounts Receivables Management). Let us support you with the following:

cash

Collections and accounts receivable, including managing and processing collections, maintaining ledger and applying cash

cash

Order management and billing, including managing contracts and sales orders, and customer requests and inquiries

cash

Order-to-cash analytics, including authorizing and managing credit and revenue assurance activities


Record to Report:

At Innoval Global Solutions, our accounting team can work with you to handle your Record to Report (General Accounting) functions, letting you handle what you do best, your business. Record to report encompasses the end to end financial process right from recording the financial transaction all the way to finalization of financial statement. Our focus is on ensuring accuracy, compliance and delivering the right information at the right time to the right person. Let us handle this function for you. Innoval is a best in class provider of the following:

General Accounting Sub Process:

  • Journal entry processing
  • Account and bank reconciliation
  • Fiscal period and year end general ledger closing
  • Consolidation/ eliminations

Fixed assets Sub Process:

  • Master set up and maintenance
  • Calculation and posting of depreciation
  • Capital budgeting support
  • Job/ project costing
  • Administration of capital approval process
  • Period and year end closing and reporting

Budgeting and estimation:

Innoval Global Solutions is a premier provider of Budgeting and Estimation services to support our clients to achieving budget planning, formulation and forecasting. We have a dedicated team for Planning, Budgeting & Estimation. The Diagnostic solution is to analyze the key planning, budgeting and estimation processes of an organization against the leading industry practices and provide insights on the gaps, thereby helping in variance analysis. Let our team of experts handle these function for your business:

  • Image Sales Budgeting
  • Image PRODUCTION Budgeting
  • Image CAPITAL Budgeting

Financial Reporting

Innoval Global Solutions’ expert financial reporting services can help you to make business decisions in comparing your company's current financial performance over the previous financial period. Our team of experienced and qualified accounting professionals can prepare monthly or periodic financial statements, on dates suited to your business requirement. Based on these financial statements and financial report analysis, we can advise you on how to improve cash flow and income. Innoval’s Financial reporting solutions include:

report KPI reporting
report Financial statements
report Project reporting
report Financial planning
report Management reporting
report Financial analysis

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