Financial Accounting Services ....

Accounting for banks

Accounting for banks is one of the core accounting activities at AO2I . Everyday lots of cash in flow and cash out flow takes place at banks. Though banks have their own in-house accounting team that forms the core of any bank activities it makes a lot of business sense to outsource the non-core accounting part of it. Non-core accounting part of it may include bookkeeping, customer account record maintenance, ledger maintenance and much more. We at AO2I , offer Accounting for banks services that can ease the burden of banks in managing their accounting. With over five years of experience in the accounting industry, we have successfully managed and delivered accounting projects. Our team of accountants is well versed working on customized Accounting Software in addition to working on all the standard Accounting Software .

Outsourcing accounting for banks

Of late accounting outsourcing has been embraced by many large and mid size companies. The benefits that accounting outsourcing provides is unimaginable. It can reduce your operational costs and increase your operational efficiencies. At AO2I , we offer complete accounting services to all types of banks including small, mid and large. Our accounting services cover all the functions of accounting. We execute projects from world class infrastructure that in located in Bangalore, India. And also we assure confidentiality by signing NDA.

We offer the accounting for banks to the following banks

• Commercial bank accounting
• Community banks accounting
• Community development banks accounting
• Credit unions accounting
• Postal savings banks accounting
• Private Banks accounting
• Offshore banks accounting
• Savings bank accounting
• Building societies accounting
• Ethical banks accounting
• Investment banks accounting
• Merchant banks accounting
• Retail bank accounting

Some of the benefits of outsourcing accounting services to us are

Access to Expertise

It is a well known fact that India has the largest pool of skilled labors than any other nation. At AO2I , we have some of the professional accountants and financial consultants working for us. Therefore clients can confidently outsource their complete back end accounting process to us and concentrate on core business activities. Our team has the required experience and expertise to successfully deliver large projects.

Infrastructure & Technology

Setting up infrastructure for your back office activities can run into huge investments as it requires pumping in money to keep you set up upgraded in addition to initial set up capital. At AO2I , we have state-of-the-art infrastructure facility to execute your projects. This facility also ensures that no information is leaked or misused. We constantly upgrade our infrastructure and technology to adapt to the latest technological advancements i in the financial outsourcing industry.

Cost

When it comes to cutting down on operational and overhead costs, nothing can prove effective than outsourcing. At AO2I , we do not believe in offering a standard cost cutting strategy. The reason being, what works for one client may not necessarily work for the other. So we first try to understand your organization's processes and procedures with respect to your domain and work out strategies accordingly. On average clients can expect 40 per cent cost reduction.

Training & Quality

Since we have five yeas of experience in the financial outsourcing business, it does not require much training to start the work. Our team is proficient with all the major Bookkeeping and Accounting Software . We have been consistently able to deliver quality services to our clients, so no need to worry about the quality of work.

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The Outsourcing