Effective cash-flow management, systematic accounting, and compliance with industry regulations are keys to the financial well-being of any enterprise.
Wiz Tech's comprehensive suite of customized Finance & Accounting services enables your business to enhance its operational and financial agility by streamlining and optimizing key processes.
Our Finance and Accounting services can help you improve your financial agility through better cash flow management, enhanced collections, reduced reconciliations efforts, improved receivables, accurate reporting, accelerated revenue cycles, among others; this ultimately and positively impacts your revenue growth.
Why choose Wiz Tech for Finance and Accounting Services?
Expertise that’s constantly updated
We make use of the latest technologies including automation as a service to enhance your productivity. Our technology expertise helps augment our offerings.
Confidentiality & security
Data security practices are in place that ensures complete confidentiality of client data. Our practices are in alignment with ISO 27001 standards.
Rapid scalability
As clients’ project requirements change, we possess extensive capabilities to scale up our services so that process efficiency is maintained.
Enhanced visibility and transparency
Through regular and comprehensive reports, Finance and Accounting Service ensure 100% transparency for the financial processes we undertake for you.
Latest technology and infrastructure
Wiztech’s Finance and Accounting services are compliant with globally accepted accounting standards such as US Generally Accepted Accounting Principles (GAAP), IFRS and the SOX Act.
Accounting and Bookkeeping
We have a team of experienced professionals that can work as a virtual back office to any business to deliver Account and Bookkeeping services within a given timeline.
Helping today’s CFO create balance sheet potency and build tomorrow’s enterprise
We are committed to go beyond operational outcomes with our Finance and Accounting Service. We deliver measurable business value for chief financial officers (CFOs) across geographies and industries. We support the CFO community by:
- Rationalizing costs while achieving performance and profitability
- Mitigating risk and ensuring regulatory compliance
- Realizing best-in-class operations
- Identifying investments for future growth
Wiz Tech Finance and Accounting Services
We offer the entire F&A value chain and provide customized services that specifically target your needs.
- Financial Planning and Analysis
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Procure to Pay Services
Sourcing
Wiz Tech helps you manage every step in procure-to-pay processes such as vendor management, negotiations & contracting, day-to-day Purchasing, catalog management, requisition management, PO processing & helpdesk and more. We also help you in master data management including vendor, item, and material master maintenance.
Invoice Processing & Helpdesk
The finance experts at Wiz Tech help your team manage finance data effectively. We provide you access to the advanced technologies that enables you to manage time-consuming processes like Scanning, Indexing, and Coding, E-invoicing, Invoice Posting, Employee Claims (expense reimbursements), Vendor Helpdesk, Payment Run, Disbursements, Discounting etc.
Reporting
Gain access to a wide range of industry standards as well as customized reports that provide insightful information on the P2P cycle. Wiz Tech provides in-depth, timely and accurate reporting on all the key P2P aspects using intuitive dashboards. We are also capable of personalizing reports to fulfill the specific needs of your business, while adhering to industry best practices. -
Order to Cash
Contract & Order Management and Customer Master
With Wiz Tech, everything is controlled by business processes, to which documents are attached. The processes are guiding all colleagues step by step through the administration tasks, so it is not possible to omit any required step of orders management processes. Orders management processes do not end at archiving orders.. Wiz Tech orders management can control all operative life cycles related to subcontractors, production, suppliers, engineers and authorities as you need.
Credit Control and Invoicing
Effective credit control is one of the most important aspects to running a successful business. Without money coming in on time, your business’s cash flow will be Affected and you may not be able to make your payments on time. At Wiz Tech, we can help you effectively manage the invoicing process.
Accounts Receivable and Collections
Receiving payments on time can be challenging. Our outsourcing accounts receivable solution offers support where, when and how you need it. With a robust accounts receivable management process, the majority of outstanding invoices will not turn into business debts. We create a custom-made solution based on your business's needs in order to put you back in control.
Reporting / Analysis
Achieve best-in-class process outcomes as we deploy our global delivery model, streamline process workflow, reduce costs to process, and implement effective business process controls.
Reduce Days Sales Outstanding(DSO),ensure effective follow-up on receivables and improve collections, improve process quality, and improve profitability through outsourced order-to-cash processes. With smooth transition processes, effective training, and a robust governance model, we set up your order to cash processes, and ensure that you stay in control when you outsource your O2C processes to us. -
Record to Report
General Ledger Accounting
We have a wealth of experience in bookkeeping, accounting system configuration and financial accounting data entry, creation of accounting reports and financial reporting. We can use, adapt and manage most of the popular accounting software, and financial accounting packages.
Long Lived Assets
Our project experience is broad and deep and we can address simple accounting, business accounting or bookkeeping needs or complex projects with equal expertise and effective processes and account management. Our domain expertise and finance and accounting services are suitable for any organization, large or small.
Period Closing & Reporting
We, at Wiz Tech, provide various financial services including Reconcile and Close Sub-ledgers, Review Accruals, Foreign Exchange Revaluation Run, Tally Inter-company, Post Final Adjustment Journal Entries, Trial Balance Generation, Statutory Reporting, Income Tax Filings, Handling Compliances, and Accounting and Spend Analytics. -
Treasury
Establishing and managing your treasury center requires a significant amount of time, investment, and expertise. We can help you accelerate the possible. We provide cash management, cash pooling, interest rate fixing, liquidity forecast and requirements assessments. We're on hand to provide full-scale, mid-office functions, performance and client reporting as well as the mitigation of operational, regulatory and financial risk. Our experts will process confirmations, payments, cash reconciliations, administer cash pools and execute loan agreements
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Other Financial Services
Wiz Tech help asset managers make better strategic, operational, and organizational decisions using fact-based, actionable insights. We provide price book preparation and updating and XBRL Tagging & Filing services.
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Consulting Services
We work with our clients to build custom solutions that combine deep industry expertise, quantitative analytics, and research, while helping them build capabilities needed for long-term success.