MphasiS

Finance & Accounting and Compliance

MphasiS supports companies looking to outsource their Finance & Accounting (F&A) services through BPO and IT services in transaction management, risks management & control and decision making. Our services are comprehensive, timely, efficient, secure and cost-effective. MphasiS follows a rigorous process-based approach to determine the requirement of the client and suggest the appropriate outsourcing solution. We provide tailor-made solutions to suit the unique requirements of each vertical, across industries.

Integrated IT & BPO Services and Solutions

MphasiS not only provides transaction processing and IT support, it also provides the facility of a scoping study and an outsourcing road map. We provide services for Book Keeping, Financial Analysis, Risk Management, Business Support and Tax Processing. We offer flexibility to change work schedules and shift timings as per client requirements and work demands.

We also help in the preparation and analysis of accounts and Financial Statements under UK, US GAAP stipulations and help adhere to Sarbanes-Oxley Regulations.

MphasiS Integrated IT & BPO Services and Solutions

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Equipped with extensive IT skills and in-depth domain experience, we build applications to support all key F&A functions including:

Budgeting, planning and forecasting

Profitability modeling and optimization

Scorecard applications

Financial consolidation

We also develop dashboards which help:

Measure, monitor and manage processes and activities

Visual representation of information - real-time or static

Unified view of financial reports and operational trends connected with KPIs and forecasting capabilities

Integrate easily with other applications and support all management processes

MphasiS Approach

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BPO Services | Applications

Solutions

Virtual Process Manager

MphasiS' Workflow and Document Management System, Virtual Process Manager (VPM) fosters virtual team-based processing in organizations through the use of collaboration, workflow and document management tools. It allows for the modeling and execution of document centric business processes that require collaboration across people (Workflow), systems (Process Automation / Integration) and geographies (Multiple locations, offshore).

MphasiS' Purchase and Accounts Payable Solution (PAPS) Platform

MphasiS' Purchase and Accounts Payable Solution (PAPS) based on the Virtual Process Manager (VPM) platform is an integrated solution that helps streamline the Procurement and Accounts Payable process. PAPS is hosted in an Application Service Provider (ASP) model and works in conjunction with client's existing ERP/legacy systems. PAPS enables customers simplify and restructure their purchase and accounts payable processes by significantly reducing the processing time and ensuring that all related information is accessible at all times.

The Virtual Tax Room (VTR)

MphasiS' VTR combines the latest web-technologies and outsourcing methodologies to offer CPAs and tax accounting firms with a viable and state of-the-art solution. Our experience in processing U.S. and Canadian individual tax returns, spanning three tax seasons, have made us more sensitive and aware of the issues and pressures involved in processing thousands of tax returns daily.

Compliance

MphasiS compliance solutions are focused at helping our clients meet the regulatory and reporting requirements in the areas of securities and operational risk management.

Regulatory Compliance Solutions

Order Audit Trail Systems (OATS) reporting is a key compliance area for brokerages and clearing firms dealing in NASDAQ securities. Firms are required to report specific data elements relating to the handling of customer orders and certain proprietary orders for security purposes.

MphasiS partners with its clients in the reporting functions. We also take over the role of a strategic partner by involving in maintaining and upgrading the software applications developed on an ad-hoc basis by the client to meet the regulations. We bring to the table our understanding of the regulatory and compliance environment to catalyze the maintenance and upgrades process.

Our architecture solution offers a flexible modular approach to application development and maintenance processes which ensure that the time required for changes are optimized/minimized. Our business solution comprising Order Data Consolidation, Report Processing and Generation, Report transmission and Web-enabled administration services help:

Improve efficiency and reliability of current compliance operations

Cut compliance costs

Easily scale up to handle rapidly changing business requirements as well as compliance requirements

Operational Risk Management

MphasiS supports a web-based, enterprise-wide risk management solution that offers organizations an innovative approach to optimize Operational Risk Management programs. It helps organizations transform operational risk management from regulatory requirements such as Basel II and the Sarbanes-Oxley Act into a competitive advantage by helping management:

Identify areas of highest risk

Document controls established to mitigate risk

Evaluate the effectiveness of controls for different business units

Establish and monitor issues and their action plans

Record and analyze risk/loss events

Statutory and Financial Reporting

MphasiS helps develop applications that require specialized reporting tools that can format output as structured financial statements. Our applications also support Generally Accepted Accounting Principles (GAAP) presentation rules, and other international financial reporting standards. They include visualization techniques that are specifically designed to support the analysis of variance from budgets or targets.

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