Business partnering & shared service
Arthsaar's Finance Transformation
Business partnering & shared service
At Arthsaar ,we are helping clients to take advantage of new digital tools and ways of thinking to move towards Shared Services. We provide PTP, OTC, RTR, MDM and Business dashboard services through our Shared Service vertical.
Whether you’re just thinking about shared services or outsourcing or have been established for years and are looking to evolve your SSC further to take advantage of the digital revolution, we can help.
We customize Shared Services model depending on the requirement and need of our clients.
PTP - Procure to payment
PTP process covers the complete cycle from vendor master maintenance through procurement and vendor invoice processing, the resulting payment processing to external vendors. This cycle includes steps like the purchase requisiton, purchase order, order confirmation, delivery notification and invoice payment – and includes all checks, verification, approval processes, and documents which arise during the process.
Contact us to discuss how we can work together to transform your finance function into a high performing, strategic dimension.
OTC - Order to cash
Order to Cash is a set of business processes that involve receiving and fulfilling customer requests for Goods & Services. The activity includes customer master data management, contract administration, Delivery and invoicing, collections, cash applications, credit notes, bank reconciliations, credit control on over due outstanding etc.
RTR - Record to report
Record to report is the management process that covers the steps involved in preparing financials as per accounting standards (IGAAP/ IND AS) and periodical reporting of overall accounts. The activity also involves passing of journals, accruals, fixed asset accounting, GL reconciliations, intercompany transactions etc. to cater requisite management information and various audits.
MDM - Master data management
Master data managment comprises the processes, governance, policies, standards and tools that consistently define and manage the critical data of an organization to provide a single point of reference.
Advantage shared services
- SLA Driven transaction recording and reporting
- Process driven operation
- Greater Efficiency
- Managed by subject matter experts
- Improved Productivity
- Access to Top Talent and Best Practices
- No dependency on individuals , absenteeism
- Promotes timely execution
- Standard reports released on agreed frequency with analytics & dashboards.
- Enables better decision making
- Single source of truth
- Quality data, Business insights
Net revenue management support - Optimization of revenue
- Improve sales
- Identify underutilization of Capacity & resources
- Which brands and SKUs are winning in the category and why ?
- Evaluation of current Brand /Pack variants & explore opportunities to maximise profitability
- Designing reordering / stock holding norms to release unwanted working capital blockage
- Unleash the market sentiments that suits the trigger of sales growth with optimum promotional cost
- Driving Market share growth
- Where are the profit pools, and how are they shared across the value chain in different channels ?
