Accounts Receivable Outsourcing Services for You

In business, cash is king. Cash flow is the lifeblood of any enterprise, and having an efficient system for accounts receivable is essential steadily managing the flow of cash and payments. Often, however, managing accounts receivable takes a toll on a business’s limited resources, taking up time that could instead be invested in growing the business.

We have the expert team to provide accounts receivable services, covering customers all over the globe, including customers in Singapore, Hong Kong, China, European countries. Our comprehensive range of end-to-end solutions, pertaining to the account receivables includes Billings’ preparation and Posting it at suitable portal so that it can be viewed to the customer, Recording and account keeping for revenue, making entry for receivable transactions into the accounting system, preparing periodic statements, making and Issuing credit memos, maintaining subsidiary receivables ledger, process adjustments entry approved by the customer, facilitating the cash received to customer accounts and helping them in resolving short pays, preparing accounts receivable reports, accounts receivable outsourcing services deductions management services.

Well in today’s highly competitive business world, outsourcing accounts receivable services are quite common, for the reason that cash flow connotes to the prime importance in every enterprise. Cash flow management helps in the enhancement of the business' performance as well as it becomes more predictable. In case you outsource the account receivable you are in benefited in many ways your Operating cost minimizes, the involved delinquency minimization, it increases the recoveries and cash flow, It reduces the instances of unapplied credit elimination cases, and definitely, the bad debt reduces.

We have immense experience in preparing the customized account handling program; we work in designed inbound and outbound plan for managing our customer's receivables based on their customer relationship strategy. We have the best accounting software in India. We have with us high-quality improvement programs, run by its experts, which is based on continuous improvement and upgradation model and thereby we keep up with the competition in the market at the national and international level.
Reference is taken from here :-https://enterslice.com/

Accounts Payable Services in India

 Account payable Outsourcing is basically the money that a business or a company owes to its suppliers that features as a liability in the balance sheet of the company.

Accounts payable are the accumulated amount that meets the company’s obligation to pay the creditors and suppliers for the goods and services purchased on the credit instead of giving them the direct money. The company who purchase on credit must have to agree that the payment will be made on specific time-period to avoid any future chaos arises on payment default. Any default in payment may lead to the imposition of penalties or additional interest payments.

Accounts payable are also called the short-term debt payment and also displayed as the liability by the company that owes the payment form others.  It is shown under the “current liability” in the company’s accounting books.

Importance of Accounts Payable in the company

We do follow the accounts payable outsourcing Services concept in our daily life and witness these conditions in our daily routine where accounts payable make it very simple and easy to conduct such things.

For example- the amount we pay in kind of electricity bills, newspaper subscriptions, and post-paid telephone bills are all accounts payable for us as we used the service first and then pay it later. The bills are typically paid at the end of the month and treated as a form of credit extended to us from the service providers and thus make us liable for payment towards the services we have already enjoyed.

For a company, who builds their plans to obtain goods and services from its suppliers and vendors on the concept of credit holds a faith in their accounts that the payment towards the goods or service made on credit will be paid as per the agreement that is made as per the agreement between the two parties. The agreement has a certain clause in it like on the type of payment, the mode of payment the credit time period up to which the payment is to be made and the penalty imposed on the payee in case of any default.

A company dealing in goods and services on credit may receive the payment invoice from the supplier or creditor and show the outstanding amount of accounts payable in its accounts payable sub-ledger account.

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Legal Procedure for Mergers and Acquisitions in India

A Merger is a kind of agreement based on the existing companies in pursuit of joining to form an all-new company. A merger majorly comes into the picture when the company wants to expand the arms as to broaden the circumference while making an entry to a new era in furtherance of earning market share and to polish the object of the company to impress the company’s shareholder. The legal Procedure for Mergers and Acquisitions in India is a hard- wearing task. 

Legal Procedure for Merger and Acquisition in India 

The Following is the summary of the Legal procedure for merger and acquisition in India-

1.   Sanction for Merger

Getting sanction for merger and acquisition is a feet pain job. Two or more company can only amalgamate if they have the permission o do under their memorandum of association. Furthermore, the acquiring company should also have the permission in its MoA to carry such activity of the acquired business.

2.   Notify the Stock Exchange

If the company is listed on stock exchange, then the acquiring company or acquired company both need to share the word with a Stock exchange about the merger and acquisition.

3.   Permission of the Board of  Directors

For merger and acquisition in India, the Board of Director of the company should first approve a draft proposal of the amalgamation and then give the permission to the management of the company to move a further step on the proposal.

4.   Application in the High Court

After getting the approval from the Board of Director, an application for approving the draft proposal of the amalgamation is then moves to High Court. The High Court would conduct a meeting of all shareholders and creditors to discuss and approve the amalgamation of the company. A notice of meeting will be sent to all shareholders at least 21 days in advance.

5.   Shareholder and Creditors’  Meeting

Both the company should hold a separate meeting of their shareholders and creditors for approving the amalgamation scheme. At least 75% of approval of the shareholder and creditors is required to go for merger and acquisition in the meeting.

Therefore, the legal procedure for Mergers and Acquisitions is not complete here, you still require professional consultancy before you go for it. Kindly contact us for any query.

Source By:- https://fssairegistration508978184.wordpress.com/2018/10/06/legal-procedure-for-mergers-and-acquisitions-in-india/

EPC Project Management in India

EPC Stands for Engineering, Procurement, and Construction. It is a particular form of contracting arrangement that is used by some industries where the EPC contractor is handed over with the responsibilities of design, construction, commissioning, procurement and transferring the project to the end- user or owner.  This form of the contract is covered by the FIDIC Silver Book containing the title words EPC.  

What is Project Management in India?

Engineering, Procurement and Construction Management is a distinct form of contracting arrangement. In an EPCM arrangement, the client selects a contractor who provides the management services for the whole project on behalf of the client.  The EPCM is a service based contract that is embedded in the activities like engineering, procurement, and construction management services. There is a person in the EPC Project management popularly known as the EPCM contractor who coordinates all the design work, procurement, and construction work and also keeps an eye on the project so that it gets completed on time. The EPCM contractor may or may not have the actual site work in his hand. 

The execution phase of industrial projects such as oil and gas projects consists of detailed engineering, procurement, and construction is normally known as EPC and gets start only after the final investment decision by the owners. Companies that are engaged in integrated engineering, procurement, and construction services are the EPC contractors.  Undoubtedly, getting control over the EPC contracts are usually complicated and requires special expertise and knowledge. In brief, the components of EPC business, EPC Project lifecycle, phases, and gates are detailed to give the complete knowledge of the project. Furthermore, the flow of engineering activities and the interconnection between engineering disciplines are discussed and the fundamentals of project procurement management and administration, bidding, logistics and contracting are reviewed.  Into the bargain, the major construction management activities are specified and tools and techniques to monitor and control project performance are introduced.  

The EPC project manager (PM) is aware of the two agreements that are equally important eventually. Whereas, one agreement is with the owner and is codified in a formal legal contract and the other agreement is with the leadership and stockholders of the EPC firm.

Source By:- https://fssairegistration508978184.wordpress.com/2018/10/03/epc-project-management-in-india/

Mergers and Acquisitions |M&A | Defination | M&A advisory services

M & A (Merger & Acquisition) nowadays has taken a strong uplift and is trending in the market in much expedite manner, with this even M& A advisory has become a strong profitable business line. It requires deep, correct, precise and most importantly updated knowledge and experience in acquisitions, buybacks, cross-border transactions and such procedural steps to execute the same. Company sale , mergers, takeovers, exit strategy development, assessment of strategic options, MCA updates, SEBI compliances,  proper due diligence, banks involvement and various compliances and intimation in that regard to concerned authorities forms the part of the Mergers and Acquisitions in India, which requires expert knowledge and high level of expertise accompanied with experience .

Hence it is advisable to hire an M&A advisory in this regard. We are deeply engaged in providing the end to end solution in this regard. We are engaged in advising the clients on the joint venture, takeover defenses, buyouts, takeover (hostile or friendly).  We formulate a bridge between acquiring Company and the target company and do every kind of checks and inspections to minimize the risk exposure to the acquiring company.

We facilitate the best to put up the true picture of the target company and analyze the potential growth opportunity in the deal to be finalized. Before we initiate anything a formal agreement is executed between us (M&A advisory and the client). We provide all legal documentation requirements and does requisite liaison work on behalf of the client. Meetings with the Board of the director, taking shareholder approval, formulating the Director's disclosure report, regulatory filings and the final closing forms the important stages of our services (M& A advisory)

Source:- https://fssairegistration508978184.wordpress.com/2018/09/06/mergers-and-acquisitions-ma-definition-ma-advisory-services/

Accounts Payable Outsourcing Services

Account payable is basically the money that a business or a company owes to its suppliers that features as a liability in the balance sheet of the company. It is a type of credit that the supplier offers the company against goods or services that have already been sent to the company and received by it.

There are two types of payables – one is the Trade Payable which is payable against purchase of physical goods that enter the inventory and the other is the Expense payable which is payable for purchase of goods and services that are expensed like advertising, travel, office supplies, utility bills etc. Businesses need to maintain a log of this liability account and generally use accounting softwareto keep a track of invoices that are pending payments and invoices that are paid. 

Why is it important to manage Accounts Payable optimally?

·         The first reason is that it helps set a strong long-term relationship with suppliers.

·         Optimizes working capital

·         Enables an organisation to develop cash saving initiatives and sustain it.

·         Helps the organisation comply with regulatory policies

·         Overall, helps the organisation maximize profits and work in a congenial atmosphere

In view of the above benefits, there is trend with more and more organizations going in for outsourcing their Accounts Payable system where the outside agency helps the organisation streamline their finances and accounting processes to achieve set business goals in the most efficient manner. 

Why outsource Accounts Payable?

All business entities that consider Account Payable Outsourcing to a third party vendor should first weigh the advantages and disadvantages of doing so.

Advantages of outsourcing Accounts Payable:

a.    The first and the most important reason to consider this option is the level of efficiency that comes with an experienced and well-trained outsourced agency. The agency has not only got the knowledge and required information of the industry; it will also have access to the latest technology and processes in the field. The work will not only get done accurately, it will also get done fast because that is the core service area of the agency.

b.    Evenwith off-site Accounts Payable system of the outsourced agency, the business will be able to track in real-time the accounts payable information. Hence even when no permanent employee of the business is involved in operating the system, the business owner is always informed of the current status of Accounts Payable of his business.

c.    Another important pro of hiring an outsourced agency or Accounts Payable expert is the reduced costs in doing so. While maintaining an in-house accounts payable system implies hiring an appropriately trained staff along with expenditure on the required software and hardware and training; outsourcing implies that all the above part is handled by the agency. Overall, the expenses incurred in going in for the first option is way high compared to the second option.

d.   The advantage of working with an experienced and professional outsourced firm means that the chances of error are minimal. The outsourced firm will also offer customizable services to its client so that the accounts payable system is aligned perfectly to the business goals and strategies.

e.    The business owner can concentrate and focus on the core competency of his business without having to bother about physical invoices, tracking pending payments and managing it all.

f.     Lastly one important derivative of outsourcing Accounts Payable is that the outsourced partner will work hand-in-hand with the business to make it stronger. Hence they would advise on ways and methods to improve, suggest areas of improvement and keep the owner updated on the latest technology available in the market, benefits of the same etc. A professional outsourced agency will ensure that it works with complete transparency and practices utmost flexibility when handling their business clients.

In the same breath, there are people who might argue about the cons of hiring an outsourced agency. One of the biggest arguments would be that there are chances of data mix-up between different clients. It is important to mention here that there are modern methods and technology to ensure complete data security and confidentiality so that there is zero risk of data of one company being shared with another.

Merger & Acquisition- The Indian Scenario

In the current corporate scenario, mergers and acquisitions have attained considerable significance.  Merger and Acquisition Strategies have been opted by the Indian firms as it is a very important option due to tough competition in international market. 

Now let’s discuss the factors responsible for favorable Mergers and Acquisitions deals in India. Dynamic government policies, corporate investments, economic stability, and experimental behavior of Indian industrialists are some of the main factors. However there are certain legal challenges are faced in case of M&A in India such as legislative requirements (relevant regulators approvals), and never-ending compliances. In case of any M&A transaction, due diligence is a key tool, still risk cannot be evaluated. For example there is no platform which can give the details of litigation proceedings – In the case of Ranbaxy, where Daiichi Sankyo were not aware about the US dispute and it came in to its knowledge after acquisition took place. For merger & acquisition, due diligence is required by a proper team of experienced professionals.

All about the Due Diligence of a Company

Due Diligence is a tool to inspect into the insight of the company’s legal, financial, operational aspects. The literal meaning of Due diligence  shall mean “due care” or “reasonable care”. Due diligence is the process whereby the documents, history, financial data, operational data and legal compliance of applicable laws is checked and reported. It is the inspection of the facts and the documents of the company and background verification of it. It is done to check the authenticity of matter as well as the working of the organization’s transaction of the entity to be acquired or purchased or dealt for whatsoever purpose.

When is Due diligence performed?

The due diligence of a company can be performed in the following cases:-

1. Before the business sale,

2. Private equity investment,

3. Bank loan funding, etc.,

4. Prior to the purchase of a company or investment in a company by the acquirer or investor (“Buyer”)

5. In merger, amalgamation, acquisition or takeover cases.

What all things or documents are inspected in due diligence?

1.       The financial, legal and compliance aspects of the company,

2.       Operational data are usually reviewed and

3.       Such other documents of the company

4.       What is it buying? and

5.       What are the obligations possibly to be assumed?

6.       the nature and extent of the target company’s contingent liabilities,

7.       Problematic contracts,

8.       Litigation risks and intellectual property issues

Procedures to Export Fish and Crustaceans

Today we will discuss the government rules and licenses required to export fish and crustaceans.

How to export Fish and Crustaceans in India?

In this post, we will explain you the process of export of Fish and Crustaceans Government Rules and Regulations Regarding the Export of Fish and Crustaceans, and precautions which must be considered before exporting Fish and Crustaceans. To export Fish and Crustaceans, proper export documentation is required.

After selection of the Fish and Crustaceans as your export product, export samples are sent. The next step is concerned with payment terms and delivery terms along with the other terms and conditions agreed with the overseas buyer and issue of Performa invoice and in turn, exporter receives the order of export from the overseas buyer for Fish and Crustaceans.  For export contract, payment terms can be advance payment, Documents against Acceptance (DA), Documents against Payments (DAP), or Letter of Credit (LC), whereas delivery terms in relation to export of Fish and Crustaceans can be EX-Works, Freight on Board (FOB), Cost and freight (CFR), and Cost Insurance and Freight (CIF), Documents against Payments (DAP) or any other International Commercial Terms. Against the export orders for Fish and Crustaceans, finance can be arranged from the bank for pre-shipment packing and post shipment finance. 

In export of Fish and Crustaceans, against credit risk insurance can be arranged. Proper arrangement for packing is done with Palletization after the quality check (QC). In case the shipment of Fish and Crustaceans is on the basis of FCL, then container type is decided. In case shipment mode of Fish and Crustaceans is through sea then LCL. To export Fish and Crustaceans, following documents are prepared on the basis of purchased order such as export invoice, export packing list, certificate of origin (GSP – Generalized System of Preference).On the completion of export customs clearance either by exporter or Customs broker, Bill of Lading is issued by the carrier. In case consolidator is involved then HAWB or HBL is issued.

An importer or exporter of Fish and Crustaceans must be aware of the HTS code (HS code) of the export product. Fish and Crustaceans are classified under ITC code (Indian Tariff Code) in India. For the export and import of food products, Food safety FSSAI certificate is also required. To import Fish and Crustaceans from foreign trade office in other countries, import authorization is required from the Foreign Trade office. In case import rules and regulations are not followed then penalization by re-exporting can be demanded. 

How to Download FSSAI Registration Certificate

The FSSAI certification is mandatory for almost all types of food and beverage business. The Food Safety Standards Authority of India is an autonomous body under the Ministry of Health & Family Welfare. It lays down food safety regulations under the Food Safety and Standards Act, 2006.The FSSAI license is a 14-digit number that is mandatory to be printed on the food packaging along with the logo of FSSAI.

The license is mandatory for dairy units, vegetable oil processing units, slaughtering units, meat processing units, food processing units that include re-labellers and re-packers, storage (cold/refrigerated), wholesaler, retailer, distributor, supplier, caterer, boarding houses, banquets; home based canteens, dabbawallas, dhabas, food stalls, religious gatherings, fairs, fish/meat/poultry seller or any food vending establishment, canteen, club, hotel, restaurant, transporter, marketer, food catering services in Central Government Agencies like Railways, airport, in flight, seaport, Defence etc.

Applying for the license/registration can be done online at www.foodlicensing.fssai.gov.in. The certificate is valid for one year and needs to be renewed on an annual basis.


There are different set of documents that need to be submitted for obtaining the different types of licenses:-

• New license

• Conversion license

• FSSAI Renewal license

• Modification license

 The certificate from FSSAI certifies that

• The particular food manufacturing and handling unit is maintaining the prescribed food quality levels and thereby eliminating risks related to toxic and hazardous elements.

• The packaging contains information about the product quality and safety standards.

There are 3 different types of food license:-

• Central license for importers, exporters and large manufacturers.

• State license for medium sized food business

• Basic registration for small sized business

The required documents for obtaining the registration certificate are:-

• Photo of the food business operator

• Identity proof and address proof of the operator

• No objection certificate from municipality, panchayat and local health authorities.