The company is a renowned Automotive Parts manufacturing and having its Group Headquarters in Germany and operations in Europe, America and Asia with over 30 production facilities. Our client decided to opt for a service partner who can help them automate the process and provide support as and when required. Our client wanted us to take the entire responsibility of payroll, right from processing till generation of FORM 16 till employee query resolution.
Starting with an initial test of the service, they gave us a small number of payrolls. The data was collected and processed by our payroll team within 24 hours. Once our client checked that everything was in order, we delivered in-depth payroll reports back. Our employee self service portal helped employees get the required employee related reports like payslips, tax sheets etc. on click of a button. The initial trial was a success and we moved to take over their entire payroll services.
Value that was added
With Finsmart Solutions efficiently processing and managing the payroll work, it ensured our client’s compliance with law, In-depth payroll reports and no dependency on in house payroll resource.
Director Growth Strategy & Alliance at Finsmart Accounting
1. Thriving in the Future of Accounting: Strategies for CPA Firms to Stay Ahead
2. The Art of Managing Client Expectations in CPA & Accounting Industry
3. Adapting Emerging Technologies in Your CPA Firm: 2023 Guide
4. Navigating Accounting Regulatory Landscape: A Challenge for CPA firms
Maanoj Shah is a finance and outsourcing expert with strong Business Strategy and Scaling-up experience. Over the last 20 years, he has incubated multiple businesses and helped build global enterprises in verticals as diversified as hospitality, technology, and healthcare.