Finance & Accounting
Outsourcing Services (FAO)
Maximize operational efficiency with our finance and accounting outsourcing services. Harness global expertise and advanced technology—Contact us now!
QX Finance & Accounting Services (QXFA) is a part of the QX Global Group which was launched in 2003, headquartered in Skipton, United Kingdom.
Ever since our inception in 2003, we have continued to deliver highly personalized finance & accounting services and products through our delivery centers in India to clients spread across industries like recruitment, student housing, manufacturing & healthcare amongst others.
Benefits
Optimize F&A processes & centralize operations
Digitize traditional processes & implement intelligent automation
Overcome staffing issues with professional yet flexible F&A teams
Benefit from timely & accurate business reporting to make well-informed strategic decisions
With QX Finance & Accounting Services, you get a dedicated team of experienced professionals for your back office finance & accounts and payroll functions. Whether you are seeking process-improvements, crave freedom from worrying about compliance, want to reduce operational costs, or wish to avail the benefits of a flexible workforce, you can rely on us.
Our Services
Procure To Pay (P2P)
Procurement, or Procure to Pay (P2P), is a critical finance function that can open up room for manual errors, increase operational costs and take the focus away from value-driven initiatives. QX Global Group offers a wide range of outsourced P2P solutions to clients in the US & UK markets. Propel your company’s P2P processes, implement latest technology, reduce spends and get your onshore teams to focus on core business with QX’s outsourced P2P solutions.
- ACCOUNTS PAYABLE AND T&E
- INVOICE PROCESSING
- PO MANAGEMENT
- P2P REPORTING
- SUPPLIER HELPDESK
- SUPPLIER MASTER MANAGEMENT
Order To Cash (O2C)
An order-to-cash (O2C) cycle is a complex chain of processes that brings about high operation costs and makes it prone to errors, prompting finance leaders to look for ways to optimize their O2C process. QX’s outsourced O2C solutions allow businesses to improve efficiency by improving the workflow, leveraging intelligent automation, and adding agility to their order to cash cycles.
- ACCOUNTS RECEIVABLE
- CREDIT CONTROL
- BILLING
- CUSTOMER HELPDESK
- CUSTOMER MASTER MANAGEMENT
- MONTH-END CLOSING
- REPORTING
Record To Report (R2R)
Increased regulatory pressures and business demands for granular data make record-to-report (R2R) and financial planning & analysis (FP&A) central functions for today’s finance departments. QX leverages process optimization, experienced staff and intelligent technology to help organizations transform their R2R and FP&A functions. Our customized approach and knowhow of the client’s processes and business objectives ensures that standardization and digitization do not come at the cost of personalization.
- GENERAL LEDGER ACCOUNTING
- TREASURY MANAGEMENT
- AUDIT SUPPORT
- FINANCIAL PLANNING & ANALYSIS
- SALES TAX COMPLIANCE
- FIXED ASSETS
Human Resource Support Services
Modern business owners expect their HR teams to focus on finding, recruiting and retaining talent as well as contribute to company growth through strategic functions. Backed by a unique partnership approach, QX Global Group offers a range of Human Resource Support Solutions that are suited for companies of all sizes, across industries.
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QX Finance & Accounting
QX Finance & Accounting
Ever since its inception in 2003, QXFA has continued to build its offshore finance & accounting capability to provide high quality services which increase process efficiency, reduce back-office costs and enable organizational transformation for clients.
Backed by a unique people-process-platform approach, QX has grown into a global family of 3250+ employees and 6 global centres of excellence. The QX family is dedicated to understanding your specific organizational needs, devising customized solutions and building scalable models to empower business growth.
QXFA US SERVICES
QX offers a range of finance & accounting outsourcing solutions for businesses in the US. These solutions can be tailored to suit your specific organizational needs and can help you achieve your transformation goals.
QXFA UK SERVICES
QX is India’s first GDPR compliant BPO company with rich experience in providing finance & accounting services, making it one of the most recognized & reliable F&A service providers in the UK.
QXFA Products
Why Companies In USA Choose QX
PARTNERSHIP APPROACH
We don’t just ‘do’ the accounts for you, we work to make them better. We follow best practices and continually review to ensure ongoing process improvement for your business.
SMOOTH TRANSITIONS
Our in-depth industry understanding, coupled with knowledge of standard processes and policies enables us to transition new clients swiftly and smoothly.
STAFFING FLEXIBILITIES
With QX, you have the flexibility to ramp resources up or down on the basis of your changing requirements. Easily add resources when your requirements spike and move beyond SLAs to direct resources to urgent tasks.
STRATEGIC TECHNOLOGY SUPPORT
As needed, our in-house IT team helps integrate, enhance and build applications to streamline your processes and digitize your systems.
DATA SECURITY
We are ISO 27001:2013 certified for information security and ISO 9001:2015 for quality management systems. We ensure the highest level of data security by deploying multiple layers of protection and adhering to highest international information security standards.
How GBS model implementation helped a recruitment giant build a ‘Plug & Play’ model and save 2M GBP in 18 months
Read Case StudyFAQs
Outsourced finance and accounting services involve delegating various financial tasks, such as bookkeeping, financial reporting, accounts payable, and receivable management, to a specialized external firm. This allows businesses to access expert financial skills and cutting-edge technology without the overhead of maintaining an in-house team. These services are designed to streamline financial processes, enhance accuracy, improve compliance, and provide strategic financial insights that help businesses focus on growth and efficiency.
Ensuring accuracy and reliability in financial data within our outsourced finance and accounting
services is achieved through multiple safeguards:
- Advanced Technology: We utilize leading accounting software and tools that automate and standardize data entry and processing, minimizing human error.
- Regular Audits and Reconciliations: Our teams conduct frequent audits and reconciliations to verify the accuracy of financial data and ensure consistency across all reports and records.
- Expert Teams: Our financial professionals are highly trained and stay updated on the latest accounting standards and regulations, ensuring compliance and precision in all financial operations.
- Quality Control Processes: We implement rigorous quality control measures that include multiple levels of reviews and approvals to catch any discrepancies or errors.
- Continuous Training: Ongoing training programs for our staff ensure that they remain proficient in using the latest financial tools and best practices, keeping the data management as accurate as possible.
These steps help maintain the integrity and reliability of your financial information, providing you with confidence in the financial insights derived from our outsourced finance and accounting services.
Outsourced finance and accounting services can enhance regulatory compliance for businesses in several ways:
- Expertise: Outsourced teams consist of finance professionals who are well-versed in current
laws and regulations applicable to your industry and geography. - Updated Practices: Service providers stay updated on changes in accounting standards and
regulatory requirements, ensuring your financial operations comply with the latest rules. - Systematic Processes: Outsourced finance and accounting services use standardized processes
that are designed to meet audit and compliance standards, reducing the risk of errors and noncompliance penalties. - Comprehensive Reporting: These services include detailed reporting that aids in transparency
and accountability, making it easier to meet reporting requirements set by regulatory bodies.
These factors contribute to a robust compliance framework, helping businesses mitigate risks associated with financial reporting and compliance.
Absolutely! Our finance and accounting outsourcing services are highly customizable to align with your specific business requirements. We work closely with you to understand your operational needs, financial goals, and the unique challenges your business faces. This allows us to tailor our services, from the level of support to the types of reports generated, ensuring they integrate seamlessly into your existing processes and support your strategic objectives effectively.
We are committed to providing continuous support to resolve any issues you might encounter with our finance and accounting outsourcing services. Our support includes:
- Dedicated Account Manager: You’ll have a dedicated point of contact available to address any concerns and facilitate solutions.
- 24/7 Help Desk: Access to a round-the-clock help desk that can quickly address and
troubleshoot any immediate issues. - Regular Reviews: We conduct regular performance and satisfaction reviews to ensure our
finance and accounting outsourcing services meet your expectations and make adjustments as needed. - Escalation Procedures: In case of significant issues, we have established escalation procedures to ensure swift resolution by senior management.
This comprehensive support framework ensures that any issues are resolved promptly and effectively, maintaining the high quality of service you expect.
Considering business transformation through F&A outsourcing?
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