SOAIS : Consulting, Accounting and Payroll: About SOAIS

SOAIS is a provider of Enterprise IT and Process outsourcing solutions. Since its inception SOAIS has expanded at a tremendous pace and has garnered customers from startups, both mid-market segment and fortune 100 companies. We have experience in managing complete Compliance, Accounting & Payroll services & ERP applications through our sister concern SOAIT.

SOAIS is driven by passion, people and process to ensure that we constantly improve the customer experience. We focus exclusively on maximizing customer's returns through global delivery model. SOAIS is headquartered in Bangalore with offices in Gurgaon and Chicago.

Financial Consulting Services :

F&A Consulting:

We are global Financial & Accounting consulting firm providing F&A advisory & consulting services on business strategy. We partner with clients in all sectors and regions to identify their highest-value opportunities & strategic planning, address their most critical challenges, and transform their business.

Advisory and Assurance services :

“If you fail to plan, then you plan to fail!”

We provide a broad range of assurances services, aimed at minimizing business risks in a constantly changing environment. We always design a customized audit plan that concentrates on the business areas significant to you and are critical. We undertake various systems audits and management audits to help improve key areas and increase profitability and productivity.

Our business advisory services help you in choosing the right way to structure your business in a tax friendly manner. Our strategic planning exercises help you to step outside the day – to - day activities of your organization to provide you with the big picture of what you are doing and where you are going to sharpen your goals. This helps you solve issues at a macro level.

Services:

• Regulatory Reporting & Compliance
• Fund Raising
• Mergers and Acquisitions
• Project Financing
• Project Report Preparation
• Strategic Planning: Due Diligence
• Business / Share valuation
• Incorporating Private/Public Companies
• Conversion of Private/Public Limited Companies to Public/Private Limited Companies

Build Operate Transfer (BOT) Service:

Indian organizations have the unique “India Advantage” of right skills, better communication ability, different time zone and most cost effective execution model.

Help you kick start your operations in India under Build Operate Transfer (BOT) model:
• Advising companies on tax laws and regulatory framework relating to incorporation
• Owning the responsibility of identifying and setting up company premises and negotiating with vendors
• Taking care of all legal, regulatory and statutory hurdles relating to the new set up.
• Owning responsibility of maintaining infrastructure security, payroll, accounting and statutory compliance
• Advising company on all matters concerning state laws and taxes
• Transferring ownership of operations at a future date depending upon company requirements.

Our outsourcing services are offered through various delivery models, onsite consulting, offsite execution and now we offer the new and emerging model Build Operate and Transfer (BOT) model.

We work with the client to bring in the best knowledge and skill set for setting up the project. The model works on outsourcing the early stages of the projects execution to us and once the project starts running smoothly, it is taken over and run by the client.

F&A Consulting - Financial Modeling :

Generally business entities do not operate at a world class level in driving high quality financial management analysis. They worry a lot on eliminating the errors and improving the efficiency in financial planning and analysis.Our partner‘s powerful planning & reporting tool helps the client to build the forecast, budgets, what-if analysis, and data simulation.

IFRS:

IFRS requires senior management to take responsibility for the project and to demonstrate clear leadership and sponsorship throughout its implementation. Conversion teams typically need to include specialists with a wide range of professional background.

We can help you in understanding the challenges in conversion/adoption to IFRS from the existing GAAP and overcome them through our Program for Companies and Finance professionals to help in the smooth transition into IFRS. We also help you in preparation of IFRC complaint financial statements and MIS reports.

The benefits are:

• Faster time to answer – Quickly create ad hoc models that answer the most urgent business questions. “What If” scenarios help you develop strategies for future business conditions
• Business Insight – Create dynamic charts with a click of a button that shed new light on previously hidden relationships, trends and points of interest
• Interactive Presentations – Create powerful interactive presentations that enable strategic decision-making
• Easy Integration – Integrate models with existing matrices, spreadsheets, databases and all types of business applications via an easy-to-use data link wizard
• Greater Transparency – Gain insight into your models with plain language formulas, the dependency inspector and audit trail
• Enhanced Control & Security – Be confident that models are shared securely with user roles, permissions and multi-level security
• Drag and Drop Pivoting – Pivot matrices, tables and charts with simple drag and drop functionality

Financial & Accounting Outsourcing Services

F&A Outsourcing :

We specialize in supporting the F&A function of enterprise and growing businesses with an aim of increasing productivity, lowering TCO and boosting collaboration, thus enabling them to work smarter. Growing Business entities demand more from their accountants. They require fast, efficient, friendly and accurate services without spiraling meetings & costs. We have a highly skilled, trained and qualified staff, dedicated to bringing good value for money and time efficient assignments to our clients.

Book keeping & Reporting :

To succeed in the dynamic business world, you need to stay on top of trends, respond to new opportunities and be armed to face challenges. At the end of the day, you need to watch your bottom line. Use our easy to understand reports on Financial Performance, Accounts Payable (AP), Accounts Receivable (AR) to boost your productivity, monitor performance, meet compliance deadlines and make confident decisions.
We can assist you in the following:
• Preparing financial statements & disclosures
• Reviewing /analyzing financial results
• Building annual budget & forecasting model
• AR ageing
• AP ageing
• Variance analysis

Payroll Services:

SOAIS now brings you a revolutionary Software As A Service (SAAS) based HR & Payroll Software hosted online with a subscription model in place to ensure that our clients do not have to bear any upfront costs associated with purchasing expensive HR/Payroll software. All you need to do is bear a monthly subscription cost for every employee avail all the benefits mentioned below:
• Capability to handle any compensation structure
• 24/7 online access with online support if you opt for our hosted online solution
• Multiple Reports available for Viewing / Printing / e-Mailing includes reports like: Pay Slips / Reimbursement / Leave, Earnings and Deductions, Variance / Audit Report, Monthly transaction, Loan Deductions, Final settlement, Bank Statement, Stop & Release, Remittance, Insurance etc… available on the fly as & when required
• All Statutory, Tax & Compliance reports available online
• Also has an inbuilt powerful Report tools for Query builder
• Faster Deployment, Reduced Total Cost of Ownership, Release Independence, Customizable Integration with Other applications, Data Back p & Restore, Data Export & Import to Excel
• Reduces your day to day involvement in housekeeping services by outsourcing your payroll operations
• A dedicated payroll Mail Box and helpdesk

Compliance :

"We don't make the rules, we make following them easy!"

Feel the Relaxation of KNOWING you're compliant. Integral part of doing business is to comply with various rules and regulations. Non-compliance can mean stiff penalties & sleepless nights. Use our expertise to know what you need to comply with, when and how.

We provide compliance solutions in the following broad areas:
• Direct Tax
• Service Tax
• Software Technology Park of INDIA (STPI) & Special Economic Zone (SEZ)
• Companies Act
• Customs Matters
• Compliance with Labor Laws with respect to Profession Tax (PT), Provident Fund (PF) , Employee State Insurance (ESI)
• FEMA, RBI Rules & Guidelines

Staffing :

We work with our clients to address the short term and long term manpower requirements. Our Financial Staffing Solutions provide service with unparalleled precision and dedication to total quality. We offer a tailored service based on the specific recruitment challenge.

Temporary Staffing: We understand that you may need additional staff support for a short term. Our pool of trained F&A resources will help you to fill the gap, thereby reducing your risk on hiring a resource permanently

Permanent Staffing: In order for an organization to reach its goals, it must strategically staff itself with qualified personnel. By using our F&A Staffing Solutions to satisfy your permanent staff requirements you will be able to concentrate on your core business and reduce frustration and expense.