FAQs on Outsourcing Financial Services

1. How does the outsourcing of financial services actually work?

At O2I we have three unique ways by which you can send us the documents. You can choose the accounting process which best suits your organization.

1. Server-based system

• You could scan and upload source documents to a secured FTP server.
• You fax or email the FTP details to us along with the back-up file of the accounting software.
• We update your books the same day and upload them back to the server.

2. Remote-access system

• You place source documents in your own computer.
• We log in to your system using a secured VPN and update your books.
• You can then access the updated books from your own computer.

3. Using Application Service Providers

• You scan and upload documents to an ASP interface.
• Flatworld team logs in to this interface using the access details given by you, and updates your books.
• You could then login and view the updated books from your end.

2. What are some of the financial software that you work with?

At O2I, we have a financial services team who is proficient and well-trained at using the latest software available in the financial market.

Payroll Processing Software: Quickbooks (Intuit) Payroll, PayCycle, PayChex, ADP, Deltek and Accountix.

Tax Return Processing: Intuit's ProSeries, Intuit's Lacerte, Creative Solutions' Ultra-Tax, ATX, Drake.

Accounts Receivable Software: QuickBooks, CheckMark, MultiLedger, M.Y.O.B

Bookkeeping Services Software: MYOB, SAGE, QuickBooks (All versions), Quicken, Peachtree, Net Suite, Creative Solutions Accounting, Master Builder, Business Works.

In case your organization is using a different financial software, we have the skill and expertise to learn the software that you are using and employ it effectively for your financial services.

3. What are the benefits of outsourcing financial services?

You can give your organization a competitive advantage by outsourcing financial services. Apart from saving on costs and increasing your profits, you can also save on time, effort, expensive software and resources. By outsourcing financial services, you can get access to skilled and expert services. Read more about the benefits of outsourcing financial services.

4. What is the skill level of your financial services team?

At O2I, we recruit only the best. We have skilled and well-trained accountants. We also have a qualified team of Indian chartered accountants who head the financial services teams at O2I. Our financial services team is well trained in all the latest software available in the market. At O2I, our financial services team is well experienced, since we have been serving a large number of global customers in the area of financial services.

5. How will you facilitate communication between my organization and O2I?

At O2I we employ the best in technology, so that we can constantly be in contact with our customers. Our financial services team will be constantly available over phone, e-mail and chat to answer your queries or address your requirements.

6. Will you be able to complete large volumes of work within a fast turnaround time?

Yes. At O2I, we have the skill and expertise to complete large volumes of work accurately and efficiently within a quick turnaround time. Our fast turnaround time and our competent services are some of the benefits that we offer our financial services customers.

7. Will there be any loss of data?

No. When you outsource your financial services to O2I, you can be totally assured that none of your data will be lost. We take regular backups of your data and hence there will be no loss of your data.

8. Do you employ security measures?

At O2I, we have stringent security measures in place. At the onset of a project, we sign a non-disclosure agreement with our customer. We are also Sarbanes-Oxley compliant. You can be completely assured of total financial data security and confidentiality when you outsource your financial services to O2I.

9. Can you tell me more about the infrastructure and technology at O2I?

At O2I, we have world-class infrastructure and high-end technology to help us deliver cutting-edge financial solutions to our global customers. Find out more about the infrastructure and technology at O2I.

Please contact us for further information about O2I's Financial Services and Pricing details.

O2I’s Financial Services

Accounting and Finance Services: Outsource Write-Up, Bookkeeping Services , Accounts Payable, Accounts Receivable, Financial Reporting and Accounts Reconciliation services to O2I for proficient and cost-effective services.

Tax Preparation Services: Outsource Tax Return Processing and Tax Preparation services to O2I and benefit from maximized efficiency and profits. Give your business a competitive edge with our efficient services.

Financial Analysis Services: Outsource Financial Analysis services to O2I for accurate, reliable and competent services delivered within a fast turnaround time. Improve the financial health of your organization with our professional services.

Payroll Processing Services: Outsource Payroll Processing services to O2I to reduce your operational costs by 40-50%. Relieve your organization from mundane administrative tasks. Outsource to O2I and concentrate more on your core business.

Insurance Services: Outsource Life Insurance, Property and Casualty, Annuity Insurance, Insurance Policy Administration, Insurance Agency Management, Insurance Claims Administration and Insurance Data services for increased profits.

Outsourcing to India: Discover Why India is an ideal place to outsource to, Read more on Why Outsourcing has become necessary and find out more on What services can be outsourced to India.