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Accounting Process Outsourcing

Outsourcing Benefits

By outsourcing your finance and accounting function to Crowe Horwath Maldives for whom this is a core competency and who would work to strict performance indicators, organizations would undoubtedly yield the sought-for operational performance improvements. 

  • Optimize Management Focus 
  • Significantly reduce operational cost 
  • Access to best practices 
  • Allows for an objective outsider's perspective 
  • Quality Control 

Outsourcing Models

Outsourcing is about entrusting business processes to a strategic outsourcing partner. The following outsourcing models are presently offered by Crowe Horwath Maldives.

Full outsourcing off-site

  • Accounting functions are managed and processed by Crowe Horwath Maldives in-house.
  • All cash receipts and expenditures, including payroll are processed off site. 
  • Clients are then provided with various reports, including monthly financial statements. 

Full outsourcing on-site

The next best model is to outsource the accounting functions on site.

  • Accounting functions are managed and processed by Crowe Horwath Maldives at clients office. 
  • All cash receipts and expenditures, including payroll are processed on-site. 
  • Clients are then provided with various reports, including monthly financial statements. 

Partial outsourcing

  • Accounting functions are managed and processed by Crowe Horwath Maldives at clients office. 
  • All cash receipts and expenditures, including payroll are processed on-site by client staff. 
  • Crowe Horwath Maldives will reconcile all ledger accounts. 
  • Clients are then provided with various reports, including monthly financial statements. 

Payroll Processing

Crowe Horwath Maldives offers a flexible and comprehensive range of cost-effective payroll processing services tailored to comply with government regulations, which include:

  • Support collection and capture of critical payroll data including new hire setup, terminations and other key information imperative for accurate processing.
  • Processing net payroll disbursements, including variable commissions.
  • Compilation of monthly payroll summary reports for management review
  • Printing and distribution of pay slips
  • Processing of pension payments