Your reliable Business Process Outsourcing partner in financing and accounting
Increasing cost pressure, rising administrative and personnel costs as well as ongoing legal changes mean that companies are constantly faced with the challenge of developing its accounting system and looking for innovative accounting solutions.
Particularly in accounts receivable and creditor management transaction processes many companies use a competent partner to deal with the increased know-how and profitability requirements.
Thanks to our many years’ experience as a financial services provider we have specialized in the complete takeover of finance processes, known as Business Process Outsourcing (BPO).We offer integrated BPO services as part of Finance & Accounting and HR services, which can also be combined in a modular way with our service components of financing, protection against bad debt loss and debt collection.
Financial Auditing: Scalable Expertise
In an audit, processes are analyzed with respect to requirements and guidelines. Specially trained auditors assess the extent to which these requirements are fulfilled during the course of the audit and afterwards. Audits should be conducted more than once so that the correctness of the processes can be ensured even in the long term.
In the financial auditing segment, audits generally focus on receivables financing and the processes of the seller of the receivable. In general, receivables-based financing is possible only when based on a true service, rendered in full and accepted. In an audit, compliance with the agreed contractual framework and the accounting processes for financing within a business relationship are ascertained.
Back-up Servicing reduces risks
Safeguarding the securitization of receivables
Leading rating agencies such as Moody’s and Standard & Poor’s confirm that back-up servicing is a fundamental part of assessing the risk quality of asset-backed securities portfolios.Securitized receivables portfolios are extremely complex in structure owing to the numerous elements. Occasionally back-upservicers are not used with the aim of saving costs; however, this may be an expensive disadvantage for all concerned.
In receivables sales, reduction of operating risk has a positive impact on your rating as th epotential originator or investor, and thus enhances the attractiveness of the ABS portfolio. As an originator, your aim in selling your receivables is to convert balance-sheet assets into liquidity while reducing risks andcosts by means of recognized sale of assets.
As an investor, by selling ABS papers you can open up new asset classes and make opportune investments in line with your preferred risk and yield targets.