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Global Services |
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Invensis is an emerging company offering world class BPO solutions to various global companies. Our solutions have an inbuilt integration of series of innovative features that enable our clients to achieve their business objectives. Our solutions rely on results driven best practices, strong domain expertise and proven methodologies that deliver measurable results. |
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More On Invensis Services |
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Invensis offers a complete range of ITES services to leading global organizations in finance, insurance, healthcare, logistics, and IT domains among others. Several Fortune 500 companies and many medium sized corporations trust us with their back office processing work,...... |
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| General Ledger Reconciliation |
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Invensis – Use our General Ledger service to ensure accurate posting and tracking of entries
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We at Invensis maintain the general ledger in a central location where all the transactions are posted from the journals in a double entry system. Our team creates integration between the general ledger and the Balance Sheet. Through use of automated accounting systems and software packages, the general ledger is maintained in electronic format, allowing for simplicity of entry and reporting.
Invensis maintains the accounts in the chart of accounts, grouping them into five categories: Assets, Liabilities, Owner's Equity, Revenue, and Expenses. The automated accounted tools used by us, ensuring seamless posting of entries and high accuracy, across the system.
Invensis understands the importance of accuracy in posting of inter branch and inter company transactions and adheres to the same by providing special accounting outsourcing services, tailor made to our clients’ requirements. Our report generation system is simplified through instant updating of date. This helps us in providing an accurate picture of the current financial position to our clients. Cross currency General ledgers have become commonplace, with many organizations operating their businesses from various parts of the globe. Invensis customizes the GL to record transactions in a single currency and output reconciled statements in multiple currencies and generate periodic customized reports to our clients.
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| The Invensis Advantage- Outsourced General Ledger Accounting Services |
The benefits gained though Accounts outsourcing partnership with Invensis are
- Automation of transaction posting: The state-of-the art accounting tools used by Invensis ensures error free posting and reporting. Use of advanced logic based algorithm in our systems, ensure continuous performance checks, at the time of posting various entries under different heads and also ensure that all the entries are finally reconciled in the balance sheet.
- Cross Currency Transactions: Our simple and streamlined system of posting Cross Currency transactions ensures reconciliation of multiple currency transactions. We have designed our system to ensure flexibility and to accommodate the various accounting procedures which vary across different markets from where our clients operate. We also customize our software to meet all the legal requirements to maintain books of account which are related to foreign exchange transactions.
- Smooth integration with Balance Sheet: Invensis ensures that the General Ledger is well integrated with the Balance Sheet. This operation is performed by talented professionals who can spot errors of commission and omission in the account books and rectify them.
- Transparent Transactions: Our team will maintain total transparency and ensures the availability of latest information to the top management. Our accounting outsourcing team consists of skilled professionals whom we hire after through background checks to ensure that client data is not compromised in any situation.
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| The Invensis Way- The General Ledger Accounting process |
- Automated system is deployed.
- Customized reporting of account statements and audit trail generation are done.
- Inter branch and inter company transactions are managed through single entry system.
- General Ledger is closely integrated with the Balance Sheet.
- A stringent internal audit process will ensure accuracy and compliance.
- Process bottlenecks will be identified and resolved, improving the overall functioning of the system.
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