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Business Process Management

Given India’s complex and bureaucratic accounting, tax and regulatory environment, businesses face significant challenges in their attempts to establish operations here and then remain compliant. Companies are faced with the difficult task of bringing together a team of experts and coordinating their services, making it a tedious and expensive process while not guaranteeing the elimination of compliance risks.

If you are setting up operations in India, we can provide a back office for accounting, payroll, financial reporting, tax and other regulatory compliances. We have the capability of assisting a company of any size – we have helped reduce cost and improve efficiency by becoming the finance and accounting (F&A) team for small to large Indian companies as well as overseas companies.

If you are a small subsidiary of a foreign company in India, we can become your Chief Financial Officer and your in-house accounting team while you focus on your business. As your business grows and complications increase, you can retain us to support you. While you may hire your own financial controller, we would continue to handle all processes. In this way, we can support your business right from the start through the growth phase, for as long as you require.

We could also help you set up your own F&A team by helping you hire the right people and designing the necessary systems for you.

If you are an overseas business but want to manage your accounting and tax activities from India, we can assist you with that.

Our single point of contact will help simplify managing your company’s support functions by coordinating with the relevant teams at SKP. We aim to facilitate the smooth running of your business with improved efficiency by performing these routine functions for you in a cost-effective manner.

Finance Controllership

The SKP Tricor Corporate Services team offers subsidiaries of foreign companies in India the option of freeing themselves entirely from the burden of accounting, payroll, tax and regulatory compliances. Our processes are conducted methodically in line with globally accepted standards. Our team takes on all back-office functions, providing an integrated service, with a single point of contact. Thus, our clients can be assured of quality services that not only help reduce cost and free up managerial resources, but also offer peace of mind and the freedom to concentrate on core business functions.

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Business Process Management

SKP provides effective and efficient management of accounts payable, accounts receivable, payroll and other business transactions. We not only process these transactions using best practices but take complete ownership, thus, reducing processing costs and saving time. Companies get timely and accurate reports without needing to hire or retain process staff.

Accounts Payable
We offer dependable accounts payable solutions from invoice processing to payment disbursement. This not only helps clients cut costs but also allows for higher efficiency and centralised control of payables across the company. A well-managed payables function can result in a significant competitive advantage as it positively impacts vendor relations, cash management, internal control and management reporting.

Accounts Receivable
Our accounts receivable processing or credit control services diligently keep track of cash flows. Our services include cheque management, receipt accounting, customer claim processing, customer account reconciliation and order release. We make sure that the highest level of efficiency is maintained, avoiding discrepancies at the time of reconciliation of accounts.

Payroll Processing
We provide customised payroll processing services ensuring that our client’s employees get paid on time, thereby increasing employee satisfaction.

Expense Claims
We ensure that employees are reimbursed for expenses incurred during the course of their work within the set time period. In doing so, we not only ensure employee satisfaction but also help mitigate any potential compliance risks by keeping track of various tax laws.

SKP Contract Management Services

SKP Business Process Management Services

Business Function Support

Dealer Management
Dealers/distributors are critical business partners in your supply chain. Building lasting relationships with them is crucial in order to ensure business continuity and sales growth. At the same time, companies must implement effective controls to manage risk as well as prevent any revenue leakage.

Managing the administrative responsibilities of the distribution channel is a major challenge for many multinationals. Processing invoices, verifying and processing distributor claims, managing legal agreements, processing credit notes, etc. are activities that not only take up your finance executive’s valuable time, but also distract your sales personnel from the primary activities of sales and marketing.

SKP can help you by acting as a single hub for all such activities. Our innovative dealer management solution can bring a dramatic shift in your organisation’s sales cycle, contributing to overall profitability. Our services include:

  • Contract/agreement management
  • Dealer due diligence
  • Customer code creation and deactivation
  • Credit note processing
  • Advertising and sales promotion claim processing
  • Account reconciliations
  • Dealer helpdesk
  • Forensic/investigative audits
  • FCPA advisory


Sales Force Management
A company’s sales force is an expensive and critical resource whose focus should be on increasing sales by driving the proper execution of marketing strategies rather than managing support activities such as travel claims processing, collections and reimbursements.

We can provide a one-stop solution for all administrative activities such as document inwarding, processing and accounting for your sales force. Our services include:

  • Imprest/advance management
  • Expense claim processing
  • Incentive processing
  • Sales analytics
  • Institutional collections


General Ledger Management
General Ledger management is one of the most important aspects of your F&A operations. While many activities are strategic, independent items that can be handled by us include:

  • Project accounting
  • Fixed assets accounting
  • Inter-company accounting
  • Control accounts and sub-ledger integrity
  • Purchase and sales ledger hygiene
  • Period close procedures
  • Management accounts and reporting
  • Master creation and updating (General Ledger code master and product master)
Reporting and Analytics

We help design, build and implement your reporting framework in line with your business goals. On generating the reports, we also help interpret the results, providing you with insightful and actionable information that will help you manage your operations better.

  • Identify and define key performance indicators (KPIs) i.e. financial, operational and hybrid metrics
  • Identify and establish data sources for the metrics
  • Design and implement processes to generate data
  • Data cleansing
  • Deploy and maintain business intelligence tools to produce metrics and dashboards
  • Implement the solution and train users
Global Payroll and Taxation Services

Meeting compliance obligations for home and host countries is the biggest challenge for global employers.

It is essential to have a sustainable framework to manage global payroll processes for employees travelling to foreign locations on short-term assignments. Often, incorrect planning and analysis lead to cost leakages due to double taxation. Also, managing legal compliances across countries with different labour codes, meeting local reporting standards, adapting to frequent changes in the tax environment in these countries and managing relationships across time zones are all significant challenges.

With more than a decade of experience, we provide a single hub (in India) for global payroll processing, statutory and regulatory compliances and a helpdesk for employees across countries.

Unique Benefits

  • Global solution with local flexibility: as a Nexia member, we are able to provide local support in any country
  • Vast experience in handling expatriate tax matters of different countries enables development of an efficient compensation policy
  • Organisational consistency in international payroll processing
  • Easy management of globally mobile employees
  • Single point of contact: dedicated team and relationship manager

We provide the following services for operations in the United Kingdom, South Africa, Australia, Singapore and India:

  • International payroll processing in accordance with local laws
  • Monthly returns
  • Salary certificates
  • Benefits reporting
  • Collection and maintenance of documentation
  • ESOP tax compliances including annual returns


  • Technical advice in designing an optimal salary structure and benefits package
  • Employee policy from a tax and social security tax-saving perspective
  • Professional help in resolving and replying to any queries raised by Revenue agencies
  • Full support during audits by Revenue authorities

MIS/Other Support

  • Effective and meaningful analysis of data for management decision-making
  • Online query management to employees within specified time limits
  • Performance comparisons among country operations (in terms of accuracy, timelines, cost and quality)

SKP Global Corporate and Compliance Services

Global VAT Processing

Managing compliance requirements by adhering to timelines and regulatory bodies across countries is a key issue for most Indian multinationals. If you have operations in multiple countries, we can help you with a one-stop solution for processing and filing taxes and managing compliance requirements, including indirect tax, withholding tax, branch financial statements, corporate income tax, and statutory and internal audit liaison.

With over 10 years of experience in serving some of the largest Indian IT companies across more than 25 countries, we have developed an optimised model of delivery. Our service architecture has been widely appreciated by our clients for its innovation and efficiency. We currently cater to companies in Europe, Asia Pacific, Middle East and Africa.


SKP Global Benchmarking, Risk Assessment and Health Check Services