| Key Benefits |
What do we do? |
• Exceptional Cost Savings
• Improved Accuracy
• Timely Input
• Better Customer Service.
• Improved Client Focus.
• Enhanced Sales
• Increased Cash Flow |
We collaborate with
each client to deliver
customized business process
outsourcing (BPO) solutions
that range in complexity from
individual transaction-based
functions, such as accounts
payable, accounts receivable, to
full-service finance and
accounting, including general
ledger accounting, financial
reporting , bank reconciliation
and risk management.
Drawing on our
unique approach, we have developed specific qualities that work to deliver maximum
value when outsourcing accounting and financial reporting. For effective results, our
services are categorized into -
• PreciPay – For accounts payable function
• PreciCash – For maintenance of outstanding invoices
• PreciProp – For assisting property management companies
• Increased Cash Flow |
| Our Clients |
• Property Management
• Magazine Publishing
• Debit Card
• Semi-Conductor Manufacturing
• Accounting Firms
• Architectural Firms
• Building Contractors |
| Scope of Our Services |
| Tool Expertise |
• Accounts Payable Processing
• Accounts Receivable Processing
• Cash Application
• Bank Reconciliation
• PO & Vendor Management
• Monthly Financial Reports
• Bank Clearance Monthly Dues
• New Property Setup |
• Property Tax Bills
• Rent Collection Advices
• Exporting/Updating Tenant Information
• Credit/Charge Slips
• Home Owner Association Charge Slips
• Bills Approval Verification
• Cover Letters & Client Schedules |
|
• Great Plains
• MAPICS
• Factorsoft
• Yardi
• QuickBooks
• Tally |
| Workflow |
Profitability Through Partnership |
| Step 1: PreciStat receives scanned
PDF images with information such
as "Invoice No.", "VendorNo","Amount", "Date", "Purchase “Order No" etc. |
“We Provide high-quality execution of client
processes, monitor these processes against multiple
performance metrics and seek to improve consistently.” |
| How it Works.. Simple 1,2,3 ! |
| Step 2: Data is retrieved and
updated as per instructions and
applications provided by the Client. |
Step 1: PreciStat will contact you to
learn certain key information about your
software, systems and arrange to have a
demonstration of current work-flows
and processes. |
| Step 2: PreciStat will prepare a
comprehensive set of instructions to
ensure that we have understood and will
do a “test run” on some live data to
identify other questions. |
| Step 3: QA Log, Exceptions and
Reports will be sent to the Client daily/weekly. |
Step 3: Upon receipt of your
confirmation that our procedures are
correct, and authorization from you to
begin, we will begin entering live data
into your system. |
| Expertise..Execution..Excellence |
Client Testimonials |
PreciStat has been providing a
wide range of services to clients
located across the globe and our core
competencies are |
“You and your guys are the best I've
worked with. I hope to keep growing this
business and I am very confident that
anyone I send to you will be taken care of
better than we could“
|
- Chairman of an Accounting Firm |
• Call Center Services
• Architectural & Engineering Drafting
Services
• Software: Development
• Remote Video Auditing Services |
“During the last two audits, PreciStat
were tremendously helpful in helping us
recognize what needed to be done to put
our records in good order and to comply
with regulations. GREAT JOB!.” |
- Customer |
| Service Portfolio |
|
| PreciPay |
|
The processing of accounts payable is a vital function and most organizations spend a large part of their Finance
budget on them. This is due to the largely manual effort required to enter invoices into the accounting system, yet while
Accounts Payable is critical to ensure that authorized invoices are paid accurately, its often not managed to world-class
standards due to the time and expense required to implement best practices. PreciPay, accounting payables outsourced to
us by our clients works on specific principles. We have well defined and documented business rules for matching invoices
to PO’s and receipts and approval matrix that are followed explicitly by our Accounts Payable Dept. We help our clients
concentrate on core activities by reducing time and effort :
• The ability to focus on strategic, pertinent finance issues instead of non-value added activities such as A/P.
• Greater, centralized control over payables across the enterprise, irrespective of physical location.
• Elimination of the headache of recruiting, hiring and managing clerical staff.
• Upto 50% annual A/P processing cost savings without capital investment.
• Real-time tracking and reporting of all payables from the time they are received from the vendor through
disbursement, for client employees and their vendors.
• World-class quality and accuracy from our service centers, ensuring accurate matching of PO and receipts by
eliminating duplicate and erroneous payments. |
| PreciCash |
|
The application of cash to outstanding invoices is a tedious and time consuming process. We, through PreciCash,
help our clients considerably reduce time spent on “applying cash” and Accounts Receivables processing while proactively
improving and resolving billing discrepancies. As our cash management specialists will enter all of the remittance advices
found on imaged checks provided by your lockbox provider overnight, so effective immediately by the next business
morning, you will have a complete, reconciled cash application file for integration into your accounting software, along
with an analysis of all exceptions, short-pays, and other. Our clients can dedicate time thus saved towards their other
core business functions,
• With such time saved on cash applications, your collection staff can focus on collecting outstanding balances,
accelerating cash flow.
• The most significant benefit for our clients report is the increased focus on important issues affecting the business
instead of spending valuable time managing the Accounts Receivable process and the clerical staff.
• Automated routing of payables/receivables for approval by business unit managers irrespective of location,
enhancing control and manager productivity. |
| PreciProp |
|
| The processing of all financial issues relating property management needs sharp & accurate accounting through
properly managed bookkeeping. Through PreciProp, we help our clients with timely and accurate rent collection, bill
payment & financial reporting which is critical to successful and profitable property management services. We can help
you in processing, transferring and delivering large volumes of work which can quickly and efficiently be completed and
delivered so that you can focus on your core business. With timely deliveries and high-quality services you can impress
your customers, save on time and reduce operating costs. Monthly reports give you concise accounting of the property
expense, keeping it separate from your other corporate overhead. |
