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© 2010 IBN Technologies Limited. All rights reserved.
Finance and Accounting Services
ISO 9001:2008 Company
Mission Statement
“IBN’s mission is to be recognized within the
industry as a global service provider of
offshore services ranging from Back Office
Services in Investment Management and
Financial Accounting sectors to IT sector with
high quality and control.”
Vision Statement
“IBN’s vision is to become the most sought
after multi service provider by way of
consistency in delivering quality and value
multiplying services within the constraint of
time and capital under the arc of compliance
to regulations concerned.”
IBN Overview
www.ibntech.com
 IBN Technologies Limited is an ISO 9001:2008 Company that has been providing high value-added
IT/ITES business services & solutions to organization of all sizes.
 IBN was founded by Ajay Mehta in 1999 as a privately held IT Company that specialized in Software
Resources and Technologies.
 The early mission of IBN focused on rendering Application Development & Network Management
Services.
 In 2004 IBN ventured in BPO service space by offering Finance & Accounting Services, Back & Middle
Office Services to Hedge Funds & FOF and other BPO Services to Travel Sector.
 Headquartered in Pune, India which is well known as “Oxford of the East”. IBN has its marketing offices
in UK and USA.
 IBN team consists of 75+ Certified Professionals like Graduates/Post-Graduates /CPAs/CAs /CFAs
/CMAs/Microsoft Certified Professionals with diverse experience in field of Accounting, Finance,
Investment, IT Software & Technologies.
www.ibntech.com
IBN Credentials
 One of the upcoming outsourced shared services organization rendering services to CPA / Accounting
Firms & Corporate houses
 A tier II supplier in US and UK and one of the very few true end-to-end Finance & Accounting service
providers to CPA / UK Accounting Firms and SMEs.
 Registered STPI unit with Software Technology Park of India (STPI) – Pune, a government of India’s
set up for IT-Enabled Sector (BPO).
 Registered member of NASSCOM.
Strengths
 ISO 9001:2008 Company
 Located in Pune which is also known as “Oxford of East” with more than 1000 colleges and institutes
providing strongest density of Graduates and Post Graduates.
 Dedicated 24*7 IT Professionals’ team supporting BPO operations, standby servers, 200% power back
up and redundant data and telecommunication links.
Industries
 Alternative Investment (HF/FOF)
 Investment Management Co
 US CPA Firms
 UK Accounting Firms
 Travel Companies & Tourism Corporations
 Manufacturing & Retail.
Services
 Finance & Accounting
 Back & Middle Office Fund Administration
 Quantitative Analysis
 Application Development,
 Software Solutions like CRM , ERP, Trade &
Retail Mgmt System, Portfolio Mgmt, and
Online Travel Management.
IBN Capabilities
Industry standard facilities at strategically located premises in Pune ensure the best
services. For smooth running of IBN’s Delivery center a dedicated Administrative/
Technical team ensures 100% uptime.
 24 hours Power Supply with UPS and Genset backup
 Redundancy with Multiple ISP for internet connectivity
 Documented security procedures
 24 x 7 guarded entrance and escorted entry to server room and staging areas
Development / Delivery
Facility
Backup/Security Facility
 RAID and USB Hard Drives On-site & Off-site
 Black ICE / ISA Security Systems Implemented
 Closely follow CERT recommendation for Security and Back up implementation.
Hardware/ Technical
Setup
 Bandwidth – 4 MBPS ILL with 8 MBPS x 4 Redundant broadband link
 Servers – High end servers Dual Processor server for application and database
 Management with Windows 2003 and Red Hat Linux system with necessary remote
Management & Reporting Tools
 Dedicated P4 machines with Required Application and Tools installed
 VOIP Support – US & UK dialing
 100/1000 MPBS LAN
 Cisco, DAX and Net Gear Routers
 Intel and D-link managed Switches
www.ibntech.com
IBN Offshore Center
www.ibntech.com
IBN F&A Service – Accounting Firm (UK)
Accounting & Business Support
Accounting Support, Financial Analysis, Process Governance, MIS, Project Accounting
Financial Planning Services
Budgeting & Financial Planning Forecasting
Reporting Services
Analytical Support, Expense/Revenue Allocation, Performance Management, Entity/Regulatory Reporting
General Accounting
 Book-keeping
 General Ledger
 A/R & A/P Processing
 Fixed Asset Mgmt
Treasury & Cash Management
 Bank Reconciliation
 Cash Flow Statement
 Cash/ Treasury
Management
Employee Payment
 Payroll Processing
 Employee Tax
 Business Expenses
Management
Others
 Finance Reconciliation
 Consolidation
 MIS Preparation
 Inter and Intra-
company
Finance System Services
Maintenance & Support, E-enablement, SOX Compliance, ERP-optimization, Operations & Infrastructure,
F&A Shared Service Management
Commercial, HR, Service Improvement, Client Management, Service Management
Help Desk
Team
 Current Team Strength of 35+ Professionals with over 7 years of experience
 Team of Consultants from various Domains & Industries
 Team of Software Consultant
Team
CPAs/ CAs/ Post-graduates with over 7 years of experience
Book-keeping Services
 General Ledger
 Invoicing
 Accounts Payable
 Accounts Receivable
 Bank Reconciliation
 Credit Card Reconciliation
 Fixed Assets Management
Accounting Services
 Financial Statement Preparation
 VAT Preparation
Cash Flow & Budgeting
 Monthly/ Quarterly/ Year-End
Preparations
 MIS Preparation
 Costing
Payroll Services
 Payroll Processing
 Statutory Payments SSP, SMP, SPP
 Human Resources Reporting
 Time & Attendance Recording
 P11, P14, P35, P45 Part1,
P45 Part2, P46, P60
Software used
 Sage Line 50
 IRIS
 VT Transaction
 Viztopia & other
similar Accounting
Software
www.ibntech.com
www.ibntech.com
IBN F&A Service – CPA Firm (USA)
Accounting & Business Support
Accounting Support, Financial Analysis, Process Governance, MIS, Project Accounting
Financial Planning Services
Budgeting & Financial Planning Forecasting
Reporting Services
Analytical Support, Expense/Revenue Allocation, Performance Management, Entity/Regulatory Reporting
General Accounting
 Book-keeping
 General Ledger
 A/R & A/P Processing
 Fixed Asset Mgmt
Treasury & Cash Management
 Bank Reconciliation
 Cash Flow Statement
 Cash/ Treasury
Management
Employee Payment
 Payroll Processing
 Employee Tax
 Business Expenses
Management
Others
 Finance Reconciliation
 Consolidation
 MIS Preparation
 Inter and Intra-
company
Finance System Services
Maintenance & Support, E-enablement, SOX Compliance, ERP-optimization, Operations & Infrastructure,
F&A Shared Service Management
Commercial, HR, Service Improvement, Client Management, Service Management
Help Desk
Team
 Current Team Strength of 35+ Professionals with over 7 years of experience
 Team of Consultants from various Domains & Industries
 Team of Software Consultant
Team
CPAs/ CAs/ Post-graduates with over 7 years of experience
Book-keeping Services
 General Ledger
 Invoicing
 Accounts Payable
 Accounts Receivable
 Bank/Credit Card
Reconciliation
Asset Management
Payroll Services
 Payroll Processing
 Payroll Tax Compliance
 Human Resources Reporting
 Time & Attendance Systems
 940 & 941s
 W2 & W4 Reporting
 Quarterly & Annual Tax
Tax Preparation
 Individuals – 1040, 1040A,
1040EZ, 1040NR
 Partnerships – 1065
 Corporations – 1120, 1120S
 Fiduciaries – 1041
 Non-Profits – 990
 Estate & Gift Tax - 706
Accounting Services
 Financial Statement
Preparation
 Cash Flow & Budgeting
 Monthly/ Quarterly/
Year-End Preparations
 MIS Preparation
 Costing
 Financial Analysis
Bookkeeping Software
QuickBooks
Peachtree
Sage
Quicken
ERPs
Tax Software
Intuit’s Lacerte®
Ultra-Tax®
Intuit’s ProSeries®
ATX®
Drake Tax®
Prosystem FX®
Go System®,
www.ibntech.com
www.ibntech.com
Data Management
Method 1 - Remote Desktop
 Data and Software resides at client system only and we access the System through Remote
Desktop Facility to view and process the data at client side only
Receive Data Info
Documents are
Scanned
Server at Client Office
with Software & Scan
Images of Document
Process at Client Office
Indian Processing Facility with
Dual Monitors
www.ibntech.com
Method 2 - Offshore Processing
 Client uploaded the data at Secured Online Data Management System for data team access and to
process it at IBN’s facility. After completion the data files are uploaded to the online Data
Management System and client download the processed data backup from the DMS. All the data
loaded to DMS resides on these servers and never leave UK shore.
Documents
are collected
& Scanned
Data Management
Server at secured
location in UK with Scan
Images of Document
Client Office in UK
Scanned
documents
uploaded at
Online DMS
Remote
Connection to
Client System to
access software
Scan Images are
viewed online
Process at Client Office
Indian Processing Facility with
Dual Monitors
www.ibntech.com
Transition Phases
Initiation
Client
IBN Offshore Team
* Onsite IBN Coordinator
(If Required)
Knowledge
Transfer
Transition
Steady
Phase
Client * Onsite IBN Coordinator
(If Required)
Client * Onsite IBN Coordinator
(If Required)
Client
* Onsite IBN Coordinator can be provided to ensure smooth Transition & Knowledge Transfer. All
discussions will be done in person between Client and Onsite IBN Coordinator and in turn
between Onsite IBN Coordinator and IBN Offshore Team.
IBN Offshore Team IBN Offshore Team IBN Offshore Team
Ongoing10-15 Days2-3 Days1-2 Days
www.ibntech.com
Offshore Communication
E-mail Telecon
Client
CRM
IBN Team
Onsite Coordinator
(If Required)
Offshore Team
(IBN Center)
Microsoft® Outlook 2007
Microsoft ® Project
VOIP Support
USA/UK Inbound Number
Messenger
Skype
Yahoo Messenger
MSN
Google Talk
Net Meeting
Microsoft Net Meeting
Gotomeeting
Techinline
GoToMy PC
Logmein
 Low Cost of Ownership
 Dedicated Team of Qualified and Certified Professionals
 Dedicated 24/7 IT Professionals
 Full Redundancy
 Data Security
FLEXIBITY IN
OPERATIONS
INNOVATIONS
ECONOMIC & HUMAN
CAPITAL
ENHANCED CONTROL
FRAMEWORK
STRATEGIC COMPETITVE
ADVANTAGE
OPERATIONAL
PROVIDING
INFRASTRUCTURE
RESPONSIBILITY
CERTAINTY OF QUALITY
WORK
PERFORMANCE
DELIVERED
Provides competitive
advantage
Provides Strategic
Core Competencies
Freeing Valuable
Resource & Time
Enhanced MIS
system capability
Greatest Possible total
returns to shareholders
Achieving Client’s
Satisfaction
Operational
Excellence
Enriched
Resources
Adds to core
competencies
Fluid Operations
BUILDING A PARTNETSHIP
BETTER
OPERATING
MODEL
CLEAN AUDIT
REPORTS
REQUIREMENTS
FOCUS
DECIDE
CHANGES
BUILDING BLOCKS TO SUCCESS
Client IBN
www.ibntech.com
Value Proposition
 Registered member of ESC (Electronic & Computer Software Export Promotion Council) sponsored by
Government of India.
 Registered STPI unit with Software Technology Parks of India (STPI) – Pune, a Government of India’s set
up for IT-Enabled Sector.
 IBN processes are in compliance to standards followed by Industry leaders (Top 10 Indian IT/ITES
Companies).
 IBN Quality Management Systems are in compliance to ISO 9001:2008 Standards
IBN is registered IT vendor of CMC
Limited, a subsidiary of TCS Company
which is one of the world’s leading IT
Consulting and Service provider.
IBN is registered ESC Member. ESC is
sponsored by Government of India.
IBN is registered STPI Unit. STPI is a
society set up by the Department of
Communication & Information
Technology, Government of India in
1991.
IBN is registered Member of NASSCOM
which is premier trade body and the
chamber of commerce of the IT-BPO
industries in India
www.ibntech.com
Recognition
Head Office
IBN Technologies Limited, Crystal Corporate, 3rd Floor, Kondhwa-Bibwewadi Road,
Bibwewadi, Pune – 411037, Maharashtra. INDIA
T: +91 20 2426 4182 / 83 F: +91 20 2426 4184 E: info@ibntech.com
London Office:
Mirabelle House, 26, Barclay Road, Croydon, Surrey CRO 1JN. London. UK
T: +44 20 3129 8807 F: +44 20 7022 1713 E: info@ibntech.co.uk
Contact Us
Thank You
© 2010 IBN Technologies Limited. All rights reserved.www.ibntech.com

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F&a service profile oct2010

  • 1. © 2010 IBN Technologies Limited. All rights reserved. Finance and Accounting Services ISO 9001:2008 Company
  • 2. Mission Statement “IBN’s mission is to be recognized within the industry as a global service provider of offshore services ranging from Back Office Services in Investment Management and Financial Accounting sectors to IT sector with high quality and control.” Vision Statement “IBN’s vision is to become the most sought after multi service provider by way of consistency in delivering quality and value multiplying services within the constraint of time and capital under the arc of compliance to regulations concerned.” IBN Overview www.ibntech.com  IBN Technologies Limited is an ISO 9001:2008 Company that has been providing high value-added IT/ITES business services & solutions to organization of all sizes.  IBN was founded by Ajay Mehta in 1999 as a privately held IT Company that specialized in Software Resources and Technologies.  The early mission of IBN focused on rendering Application Development & Network Management Services.  In 2004 IBN ventured in BPO service space by offering Finance & Accounting Services, Back & Middle Office Services to Hedge Funds & FOF and other BPO Services to Travel Sector.  Headquartered in Pune, India which is well known as “Oxford of the East”. IBN has its marketing offices in UK and USA.  IBN team consists of 75+ Certified Professionals like Graduates/Post-Graduates /CPAs/CAs /CFAs /CMAs/Microsoft Certified Professionals with diverse experience in field of Accounting, Finance, Investment, IT Software & Technologies.
  • 3. www.ibntech.com IBN Credentials  One of the upcoming outsourced shared services organization rendering services to CPA / Accounting Firms & Corporate houses  A tier II supplier in US and UK and one of the very few true end-to-end Finance & Accounting service providers to CPA / UK Accounting Firms and SMEs.  Registered STPI unit with Software Technology Park of India (STPI) – Pune, a government of India’s set up for IT-Enabled Sector (BPO).  Registered member of NASSCOM. Strengths  ISO 9001:2008 Company  Located in Pune which is also known as “Oxford of East” with more than 1000 colleges and institutes providing strongest density of Graduates and Post Graduates.  Dedicated 24*7 IT Professionals’ team supporting BPO operations, standby servers, 200% power back up and redundant data and telecommunication links. Industries  Alternative Investment (HF/FOF)  Investment Management Co  US CPA Firms  UK Accounting Firms  Travel Companies & Tourism Corporations  Manufacturing & Retail. Services  Finance & Accounting  Back & Middle Office Fund Administration  Quantitative Analysis  Application Development,  Software Solutions like CRM , ERP, Trade & Retail Mgmt System, Portfolio Mgmt, and Online Travel Management. IBN Capabilities
  • 4. Industry standard facilities at strategically located premises in Pune ensure the best services. For smooth running of IBN’s Delivery center a dedicated Administrative/ Technical team ensures 100% uptime.  24 hours Power Supply with UPS and Genset backup  Redundancy with Multiple ISP for internet connectivity  Documented security procedures  24 x 7 guarded entrance and escorted entry to server room and staging areas Development / Delivery Facility Backup/Security Facility  RAID and USB Hard Drives On-site & Off-site  Black ICE / ISA Security Systems Implemented  Closely follow CERT recommendation for Security and Back up implementation. Hardware/ Technical Setup  Bandwidth – 4 MBPS ILL with 8 MBPS x 4 Redundant broadband link  Servers – High end servers Dual Processor server for application and database  Management with Windows 2003 and Red Hat Linux system with necessary remote Management & Reporting Tools  Dedicated P4 machines with Required Application and Tools installed  VOIP Support – US & UK dialing  100/1000 MPBS LAN  Cisco, DAX and Net Gear Routers  Intel and D-link managed Switches www.ibntech.com IBN Offshore Center
  • 5. www.ibntech.com IBN F&A Service – Accounting Firm (UK) Accounting & Business Support Accounting Support, Financial Analysis, Process Governance, MIS, Project Accounting Financial Planning Services Budgeting & Financial Planning Forecasting Reporting Services Analytical Support, Expense/Revenue Allocation, Performance Management, Entity/Regulatory Reporting General Accounting  Book-keeping  General Ledger  A/R & A/P Processing  Fixed Asset Mgmt Treasury & Cash Management  Bank Reconciliation  Cash Flow Statement  Cash/ Treasury Management Employee Payment  Payroll Processing  Employee Tax  Business Expenses Management Others  Finance Reconciliation  Consolidation  MIS Preparation  Inter and Intra- company Finance System Services Maintenance & Support, E-enablement, SOX Compliance, ERP-optimization, Operations & Infrastructure, F&A Shared Service Management Commercial, HR, Service Improvement, Client Management, Service Management Help Desk Team  Current Team Strength of 35+ Professionals with over 7 years of experience  Team of Consultants from various Domains & Industries  Team of Software Consultant Team CPAs/ CAs/ Post-graduates with over 7 years of experience Book-keeping Services  General Ledger  Invoicing  Accounts Payable  Accounts Receivable  Bank Reconciliation  Credit Card Reconciliation  Fixed Assets Management Accounting Services  Financial Statement Preparation  VAT Preparation Cash Flow & Budgeting  Monthly/ Quarterly/ Year-End Preparations  MIS Preparation  Costing Payroll Services  Payroll Processing  Statutory Payments SSP, SMP, SPP  Human Resources Reporting  Time & Attendance Recording  P11, P14, P35, P45 Part1, P45 Part2, P46, P60 Software used  Sage Line 50  IRIS  VT Transaction  Viztopia & other similar Accounting Software www.ibntech.com
  • 6. www.ibntech.com IBN F&A Service – CPA Firm (USA) Accounting & Business Support Accounting Support, Financial Analysis, Process Governance, MIS, Project Accounting Financial Planning Services Budgeting & Financial Planning Forecasting Reporting Services Analytical Support, Expense/Revenue Allocation, Performance Management, Entity/Regulatory Reporting General Accounting  Book-keeping  General Ledger  A/R & A/P Processing  Fixed Asset Mgmt Treasury & Cash Management  Bank Reconciliation  Cash Flow Statement  Cash/ Treasury Management Employee Payment  Payroll Processing  Employee Tax  Business Expenses Management Others  Finance Reconciliation  Consolidation  MIS Preparation  Inter and Intra- company Finance System Services Maintenance & Support, E-enablement, SOX Compliance, ERP-optimization, Operations & Infrastructure, F&A Shared Service Management Commercial, HR, Service Improvement, Client Management, Service Management Help Desk Team  Current Team Strength of 35+ Professionals with over 7 years of experience  Team of Consultants from various Domains & Industries  Team of Software Consultant Team CPAs/ CAs/ Post-graduates with over 7 years of experience Book-keeping Services  General Ledger  Invoicing  Accounts Payable  Accounts Receivable  Bank/Credit Card Reconciliation Asset Management Payroll Services  Payroll Processing  Payroll Tax Compliance  Human Resources Reporting  Time & Attendance Systems  940 & 941s  W2 & W4 Reporting  Quarterly & Annual Tax Tax Preparation  Individuals – 1040, 1040A, 1040EZ, 1040NR  Partnerships – 1065  Corporations – 1120, 1120S  Fiduciaries – 1041  Non-Profits – 990  Estate & Gift Tax - 706 Accounting Services  Financial Statement Preparation  Cash Flow & Budgeting  Monthly/ Quarterly/ Year-End Preparations  MIS Preparation  Costing  Financial Analysis Bookkeeping Software QuickBooks Peachtree Sage Quicken ERPs Tax Software Intuit’s Lacerte® Ultra-Tax® Intuit’s ProSeries® ATX® Drake Tax® Prosystem FX® Go System®, www.ibntech.com
  • 7. www.ibntech.com Data Management Method 1 - Remote Desktop  Data and Software resides at client system only and we access the System through Remote Desktop Facility to view and process the data at client side only Receive Data Info Documents are Scanned Server at Client Office with Software & Scan Images of Document Process at Client Office Indian Processing Facility with Dual Monitors
  • 8. www.ibntech.com Method 2 - Offshore Processing  Client uploaded the data at Secured Online Data Management System for data team access and to process it at IBN’s facility. After completion the data files are uploaded to the online Data Management System and client download the processed data backup from the DMS. All the data loaded to DMS resides on these servers and never leave UK shore. Documents are collected & Scanned Data Management Server at secured location in UK with Scan Images of Document Client Office in UK Scanned documents uploaded at Online DMS Remote Connection to Client System to access software Scan Images are viewed online Process at Client Office Indian Processing Facility with Dual Monitors
  • 9. www.ibntech.com Transition Phases Initiation Client IBN Offshore Team * Onsite IBN Coordinator (If Required) Knowledge Transfer Transition Steady Phase Client * Onsite IBN Coordinator (If Required) Client * Onsite IBN Coordinator (If Required) Client * Onsite IBN Coordinator can be provided to ensure smooth Transition & Knowledge Transfer. All discussions will be done in person between Client and Onsite IBN Coordinator and in turn between Onsite IBN Coordinator and IBN Offshore Team. IBN Offshore Team IBN Offshore Team IBN Offshore Team Ongoing10-15 Days2-3 Days1-2 Days
  • 10. www.ibntech.com Offshore Communication E-mail Telecon Client CRM IBN Team Onsite Coordinator (If Required) Offshore Team (IBN Center) Microsoft® Outlook 2007 Microsoft ® Project VOIP Support USA/UK Inbound Number Messenger Skype Yahoo Messenger MSN Google Talk Net Meeting Microsoft Net Meeting Gotomeeting Techinline GoToMy PC Logmein
  • 11.  Low Cost of Ownership  Dedicated Team of Qualified and Certified Professionals  Dedicated 24/7 IT Professionals  Full Redundancy  Data Security FLEXIBITY IN OPERATIONS INNOVATIONS ECONOMIC & HUMAN CAPITAL ENHANCED CONTROL FRAMEWORK STRATEGIC COMPETITVE ADVANTAGE OPERATIONAL PROVIDING INFRASTRUCTURE RESPONSIBILITY CERTAINTY OF QUALITY WORK PERFORMANCE DELIVERED Provides competitive advantage Provides Strategic Core Competencies Freeing Valuable Resource & Time Enhanced MIS system capability Greatest Possible total returns to shareholders Achieving Client’s Satisfaction Operational Excellence Enriched Resources Adds to core competencies Fluid Operations BUILDING A PARTNETSHIP BETTER OPERATING MODEL CLEAN AUDIT REPORTS REQUIREMENTS FOCUS DECIDE CHANGES BUILDING BLOCKS TO SUCCESS Client IBN www.ibntech.com Value Proposition
  • 12.  Registered member of ESC (Electronic & Computer Software Export Promotion Council) sponsored by Government of India.  Registered STPI unit with Software Technology Parks of India (STPI) – Pune, a Government of India’s set up for IT-Enabled Sector.  IBN processes are in compliance to standards followed by Industry leaders (Top 10 Indian IT/ITES Companies).  IBN Quality Management Systems are in compliance to ISO 9001:2008 Standards IBN is registered IT vendor of CMC Limited, a subsidiary of TCS Company which is one of the world’s leading IT Consulting and Service provider. IBN is registered ESC Member. ESC is sponsored by Government of India. IBN is registered STPI Unit. STPI is a society set up by the Department of Communication & Information Technology, Government of India in 1991. IBN is registered Member of NASSCOM which is premier trade body and the chamber of commerce of the IT-BPO industries in India www.ibntech.com Recognition
  • 13. Head Office IBN Technologies Limited, Crystal Corporate, 3rd Floor, Kondhwa-Bibwewadi Road, Bibwewadi, Pune – 411037, Maharashtra. INDIA T: +91 20 2426 4182 / 83 F: +91 20 2426 4184 E: info@ibntech.com London Office: Mirabelle House, 26, Barclay Road, Croydon, Surrey CRO 1JN. London. UK T: +44 20 3129 8807 F: +44 20 7022 1713 E: info@ibntech.co.uk Contact Us Thank You © 2010 IBN Technologies Limited. All rights reserved.www.ibntech.com