Example scope: Finance & Controlling operations
The scope below is an example of the type of finance operations support that can be handled through a nearshore BPO model.
- Bank accounting, including import and processing of electronic bank statements
- Recording standing orders and manual bank transfers
- Investigation and manual allocation of incoming payments in special or exception cases
- Preparation, reconciliation and execution of payment runs and dunning runs
- General postings in accounts receivable and accounts payable accounting
- Posting of supplier invoices
- Posting of advance payment invoices and invoice verification transactions
- Review of FI master data and accounting documents for completeness and plausibility
- Recording payroll-related payment transactions
- Reconciliation, clarification and clearing of open items
- Fixed asset accounting, including additions, disposals and depreciation
- Preparation and submission of periodic reports to financial authorities, including VAT advance returns, recapitulative statements, Intrastat reports and statistical reports
- Opening and closing of posting periods
- Monitoring and control of finance-related processes and interfaces
- Support with year-end closing activities
- Support in analyzing finance-related problem cases
- Creation of documentation, work instructions and process descriptions
Beyond finance operations, BPO support can also cover HR administration, data maintenance, reporting, customer operations and general back-office activities depending on the process maturity and required language coverage.
