Management Support Services
GAAP related services
US-GAAP or IFRS Conversion Services
Over the past few decades, there is a spur of cross-border M&A, and many companies around the world consider cross -border M&A as an essential tool in achieving globalization of their businesses. Such transactions require US GAAP or IFRS conversion of local GAAP financial information for various reporting purposes. We assist in converting a set of financial information from one GAAP to another and embedding such processes of GAAP conversion require transformational change throughout the organization, affecting business processes, legal, IT, tax, accounting and reporting aspects of the business, etc.
IGAAP Audit Support Services
With globalization, there are many companies which have set shop in India. These companies are strained with internal resources for supporting day to day transactions and closure of books under various applicable GAAP’s. Our trained team of experts thus relieve the pressure by shouldering responsibilities and ensuring that local GAAP compliance, book closures, audit schedules etc are prepared on time and thus playing as an extended arm of the internal finance team.
Group Reporting
Our team of experts would help you in Group reporting. Group Companies operating at multi locations across the world would require single submission of a data item if two or more authorized firms in a Group are subject to the same consolidated reporting requirement. We assist our clients with Reporting services to comply with local GAAP requirements.
Specialized Audits
There are many types of audit and assurance services other than audits of financial statements and other historical financial information. Our expertise includes specialized audit and assurance services that require specific technical or industry knowledge. These engagements include review of financial statements and audit and review of non-financial information. The reports offer assurance on controls for processing transactions within service units such as data centers, real estate management and other service providers. These reports also help to confirm and provide assurance that there are sound systems of internal controls in place to protect customer's data.
We perform specialized audits such as:
Bookkeeping and CFO Services
We cater to your bookkeeping, accounting services with personalized approach based on the needs of your business. Familiar with standard software applications, we can work from your premises or online through remote access. We believe in transparency, honesty and integrity that helps our clients build a lasting relationship. We offer weekly, monthly or yearly accounting and bookkeeping services.
Our areas of expertise include:
Outsourced CFO Services
We provide outsourced CFO services and thus help our clients focus on their core competencies which is to do business. Our team of professionals bring in over a decade of experience of having worked with various industries, multinational companies and Big 4 audit firms.
Payroll Processing
Human resources have to be valued. At the same time, their share of income should be disbursed on time. Payroll amounts for a major share of any organizations’ expense. Hence, managing the data and accounting them is highly important. We ensure that the employee master is properly updated for all changes namely, recruitment, resignations, salary revisions, bonus and other incentives, leave encashment thereby assisting in streamlining the payroll process and perform thorough checks to avoid duplicate or erroneous payments.
Statutory Tax payments and filing of returns
Compliance is not an option but a must for every business. In the era where the number of regulations have increased and there is a large scope for transparency, it is imperative for organizations to be in harmony with a set of compliance controls. We help in keeping the organization proactively complaint under the various laws including Income tax, TDS, PT, PF, ESI, STPI etc.
Risk Management Services
In the past, many corporates have failed due to lack of accountability, strategy and transparency. Corporates are expected to demonstrate good discipline, control and responsibility.
Risks encompasses many areas namely IT System Risks, Design Risks, Operational Risks etc. Internal audit in many companies have become a necessity to regularly review the risk profile for emerging risks and identify trends as it keeps its finger on the pulse of business performance. With our firms’ professional experience, take advantage on tracking and dealing with risks that could destabilize your business survival.
Our core competence in risk management involves:
Process Risks
Forensics
IT System Risks
IT Consulting and CIO Services
A company's technology organization should support its business strategy, not constrain it. Innosolv focuses on the strategic needs of our clients' businesses to help determine the technology capabilities needed to support their long-term goals. We help companies confidently address technology-related decisions and ensure their IT organizations and operating models are agile and effective, equipping them to cut through the noise of fleeting technology trends to create enduring results.
IT System Risks
IT Consultancy Services
Outsourced CIO Services
We provide outsourced CIO services and thus help our clients focus on their core competencies. Our team of professionals bring in over a decade of experience of having worked with various industries, multinational companies and Big 4 audit firms.
Regulatory Services
Corporate Laws
The two fastest-growing economies are China and India, versus the United States and the Euro area. Of the two growth leaders, India will be easier for entrepreneurs to comprehend. The Government has shown constructive action in allowing foreign companies to participate in India. Recently, the Companies Act, 2013 passed by the Parliament has made Indian laws more business friendly and compliance oriented, which will provide a new look to the Corporate structure in India.
Our team of professionals provides you the following services:
Areas covered include below:
Corporate Advisory Services
Our corporate advisory solutions range from providing Mergers & Acquisition advisory to project advisory services to startups, financial structuring services, refinancing, hedging and risk management services.
Due-Diligence Services:
Don’t let the deal fever distort you. With our expert team of due-diligence, we assure you of a comprehensive report that caters in assessing your needs.
Areas include:
Business Support Services
Business analysis enables change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders. Our team is equipped with special skill sets that would provide you an analysis and mapping to the requirements according to your needs.
Business process re-engineering (BPR) is the analysis and redesign of workflow within and between enterprises.
We perform the following tasks:
Project Financing Services
Given its strong pedigree in the field of project finance, Innosolv stands by its clients throughout the life cycle of a project, providing all kinds of services to ensure that a concept of its client gets translated into productive bankable projects. We continue to provide constant services for our clients and have supported their growth.
Areas covered include below:
Assurance Services
Fixed Asset support Services:
Fixed Assets form major part of any organisations’ investment. CARO disclosure requires an auditor to report on availability of physical verification report and Fixed Asset Register in a Company. We provide the following services:
We perform specialized audits such as:
Our other services include:
Tax Advisory Services
Direct Taxes
During the last decade, Indian tax system has undergone many changes with new tax systems being introduced. Many provisions have been included to widen the tax base. Use of Information technology, such as e-tax returns, e-payment of taxes, digitization of TDS etc. have helped the Government to manage tax administration efficiently and has avoided leakages to certain extent. In this era, where tax planning and tax administration play a very important role, adequate support with respect to the ongoing changes in the tax laws is equally important.
Our professionals would assist you in the following areas:
GST
Termed a potential game changer, the single biggest tax reform undertaken by India in 70 years of independence, one the government says is founded on the concept of “one nation, one market, one tax.; Goods and Services Tax (GST) is a comprehensive tax levied on manufacture, trade and services across India. From 1st July, 2017 GST has replaced most of Centre and State imposed indirect taxes like VAT, Service Tax , Excise etc.
Our areas of service include: