overview
India is the world's largest sourcing destination, accounting for approximately 55 per cent of the US$ 173-178 billion market in 2016-17. The country's cost competitiveness in providing Information Technology (IT) services, which is approximately 3-4 times cheaper than the US, continues to be its Unique Selling Proposition (USP) in the global sourcing market. The sector ranks 3rd in India’s total Foreign Direct Investment (FDI) share India’s highly qualified talent pool of technical graduates is one of the largest in the world and is available at a cost saving of 60-70 per cent to source countries.
ANB addresses various issues by providing the comprehensive capabilities required by IT/ITES organizations. ANB offer a wide range of services to assist companies in establishing processes that are benchmarked to industry best practices.
we understand IT & IT enabled Services
- Prevention & detection of Revenue Leakages
- Prevent frauds & data inconsistencies
- Improve revenue flow visibility
- RA risk management
- Payroll assessment using data analytics
- Compliance to statutory laws
- Assessments of deductions & benefits
- Prevention & detection of fictitious reimbursements
- Standardized AP workflow process
- Reduced time for invoice processing
- Faster automation of approvals
- Improved working capital management
- Receivables monitoring
- Maximizing collections
- Early detection of collection problems
- Improving collection efficiency using customized tools
- Assessment of manpower planning
- Improved sourcing strategies
- Driving greater benefits from referral programs
- Improved screening process
- Assessment of FA life-cycle
- ROI assessment for new assets
- Saving costs and administrative time
- Elimination of ghost assets
- Prompt settlements of travel advances
- Faster submission & approval mechanism
- Accurate financial reporting
- Minimize administrative involvement
- Diagnosing vulnerability to fraud
- Detection gaps in anti-fraud controls
- Development of fraud response plan
- Forensic data analytics
- Compliance to current labor laws
- Development of compliance tracker
- Develop procedures for timely filing of returns
We offer value adds
- Enterprise risk management
- Process control design reviews
- Outsourcing vendor review
- Operations review
- Internal a udit
- Business process design & Documentation (SOP)
- Business process review (BPR)
- Vendor payment process
- HR Process review and internal audit
