Finance & Accounting
A premier accounting firm based in Southend-on-Sea, Essex providing a comprehensive range of services, including tax planning, bookkeeping, auditing, and business advisory
Finance & Accounting
A premier accounting firm based in Southend-on-Sea, Essex providing a comprehensive range of services, including tax planning, bookkeeping, auditing, and business advisory
0
%
Increase in operation efficiency
0
X
Increase entities Handled by SBS
0
%
TAT Reductions
0
Months transition Period
The challenge
The client faced multiple challenges with their in-house finance back-office operations, including
➤ High Attrition: Frequent turnover of staff
disrupted workflow and continuity.
➤ Efficiency Issues: Inefficient processes led to delays and errors.
➤ Cost Concerns: Managing in-house operations proved to be costly.
➤ Limited Qualified Resources: Difficulty in finding and retaining qualified professionals.
➤ Scalability Issues: Struggles to scale operations in response to business growth.
➤ Ad Hoc Requirements: Inability to handle unexpected, urgent tasks effectively.
disrupted workflow and continuity.
➤ Efficiency Issues: Inefficient processes led to delays and errors.
➤ Cost Concerns: Managing in-house operations proved to be costly.
➤ Limited Qualified Resources: Difficulty in finding and retaining qualified professionals.
➤ Scalability Issues: Struggles to scale operations in response to business growth.
➤ Ad Hoc Requirements: Inability to handle unexpected, urgent tasks effectively.
The challenge
The client faced multiple challenges with their in-house finance back-office operations, including
➤ High Attrition: Frequent turnover of staff
disrupted workflow and continuity.
➤ Efficiency Issues: Inefficient processes led to delays and errors.
➤ Cost Concerns: Managing in-house operations proved to be costly.
➤ Limited Qualified Resources: Difficulty in finding and retaining qualified professionals.
➤ Scalability Issues: Struggles to scale operations in response to business growth.
➤ Ad Hoc Requirements: Inability to handle unexpected, urgent tasks effectively.
disrupted workflow and continuity.
➤ Efficiency Issues: Inefficient processes led to delays and errors.
➤ Cost Concerns: Managing in-house operations proved to be costly.
➤ Limited Qualified Resources: Difficulty in finding and retaining qualified professionals.
➤ Scalability Issues: Struggles to scale operations in response to business growth.
➤ Ad Hoc Requirements: Inability to handle unexpected, urgent tasks effectively.
The approach
Sundaram’s team of experts at the ready
To address these challenges, our team
implemented the following solutions:
➤ Process Simplifications: Streamlined existing processes to enhance efficiency
➤ Leverage our UK expertise: Deployed our UK centric resources to adhere to the UK accounting regulation & best practices.
➤ Accommodation of Ad Hoc Activities: Developed a flexible approach to manage and accommodate urgent, ad hoc tasks.
➤ Process Simplifications: Streamlined existing processes to enhance efficiency
➤ Leverage our UK expertise: Deployed our UK centric resources to adhere to the UK accounting regulation & best practices.
➤ Accommodation of Ad Hoc Activities: Developed a flexible approach to manage and accommodate urgent, ad hoc tasks.
The approach
Sundaram’s team of experts at the ready
To address these challenges, our team
implemented the following solutions:
➤ Process Simplifications: Streamlined existing processes to enhance efficiency
➤ Leverage our UK expertise: Deployed our UK centric resources to adhere to the UK accounting regulation & best practices.
➤ Accommodation of Ad Hoc Activities: Developed a flexible approach to manage and accommodate urgent, ad hoc tasks.
➤ Process Simplifications: Streamlined existing processes to enhance efficiency
➤ Leverage our UK expertise: Deployed our UK centric resources to adhere to the UK accounting regulation & best practices.
➤ Accommodation of Ad Hoc Activities: Developed a flexible approach to manage and accommodate urgent, ad hoc tasks.
The impact
The implementation of these solutions had a significant positive impact:
➤ Initial Phase: Began with managing 3 entities in
May 2019.
➤ Transition Period: Conducted a successful trial run over 3 months.
➤ Expansion: Due to excellent performance and high accuracy, the client expanded the scope to 45 entities.
➤ 50% TAT Reductions: Achieved significant reductions in Turnaround Time (TAT) for specific processes.
➤ Timely Delivery: Consistently met the TAT requirements, aligning with the client’s timelines.
➤ Transition Period: Conducted a successful trial run over 3 months.
➤ Expansion: Due to excellent performance and high accuracy, the client expanded the scope to 45 entities.
➤ 50% TAT Reductions: Achieved significant reductions in Turnaround Time (TAT) for specific processes.
➤ Timely Delivery: Consistently met the TAT requirements, aligning with the client’s timelines.
The impact
The implementation of these solutions had a significant positive impact:
➤ Initial Phase: Began with managing 3 entities in
May 2019.
➤ Transition Period: Conducted a successful trial run over 3 months.
➤ Expansion: Due to excellent performance and high accuracy, the client expanded the scope to 45 entities.
➤ 50% TAT Reductions: Achieved significant reductions in Turnaround Time (TAT) for specific processes.
➤ Timely Delivery: Consistently met the TAT requirements, aligning with the client’s timelines.
➤ Transition Period: Conducted a successful trial run over 3 months.
➤ Expansion: Due to excellent performance and high accuracy, the client expanded the scope to 45 entities.
➤ 50% TAT Reductions: Achieved significant reductions in Turnaround Time (TAT) for specific processes.
➤ Timely Delivery: Consistently met the TAT requirements, aligning with the client’s timelines.
