Common Accounting Challenges and How to Overcome Them
In today’s fast-paced and interconnected business environment, multinational corporations (MNCs) with subsidiaries in India face a complex array of accounting challenges. The rapid pace of globalization, coupled with the increasing complexity of financial regulations, has created a perfect storm of accounting challenges that can have far-reaching consequences for MNCs. These challenges can impact not only […]
Corporate Governance in India: A Comprehensive Guide for Foreign Companies
India’s regulatory landscape has undergone significant changes in recent years, with a focus on promoting transparency, accountability, and investor protection. The country’s corporate governance requirements are designed to ensure that companies operate in a fair, transparent, and responsible manner. As a senior finance leader or CFO of a multinational company (MNC) planning to open a […]
10 Common Accounting Challenges Faced by MNCs in India & How to Overcome Them
As a Global VP of Finance in an MNC with a subsidiary in India, navigating the complex Indian accounting landscape can be daunting. From regulatory compliance to financial reporting, several challenges can impact your subsidiary’s financial health. Understanding these challenges is critical for ensuring smooth operations and maintaining financial transparency. This blog outlines the most […]
Improving Days Sales Outstanding (DSO) in India Subsidiaries
Effective cash flow management is a critical aspect of running a business, especially for multinational companies (MNCs) with subsidiaries in India. One of the key metrics that help evaluate a company’s cash flow efficiency is Days Sales Outstanding (DSO). DSO measures the average number of days it takes a company to collect payments after a […]
Ways Accounting Firms Can Retain Clients Successfully
Accounting firms face the significant challenge of retaining clients, especially multinational corporations (MNCs). Client retention is critical for the sustainability and growth of any accounting firm, and understanding the current landscape, identifying effective solutions, and leveraging the right expertise can make all the difference. This blog explores the current challenges, offers strategies for improving client […]
Local Resources Lose Staff To Outsourcing – How True Is The Claim?
Since the beginning of time, there has been a never-ending debate on whether outsourcing is bad for business. Many claims suggest that outsourcing, as a business model, hurts the social and economic aspects of accounting businesses. While some firmly argue that this model helps in lowering costs and gaining better quality, others say that it […]
Finance-Related Challenges For Startups In India And How To Overcome Them?
In India, the startup trend is booming, with the country having the third-largest startup ecosystem globally, boasting an annual growth rate of 12-15%. According to the Economic Survey 2021-22, India was home to over 14,000 startups in that period. As the nation experiences its second startup boom, entrepreneurs must master various skills to succeed. From […]
Offshore Accounting: Resolving Employee Apprehensions and Managing Confidence
Businesses and corporations continuously strive to expand and stay ahead in diverse markets. Offshoring is a strategic move to enhance competitiveness and reduce production costs. However, offshoring critical functions like accounting can raise employee concerns. It is essential to address these concerns early to manage the process effectively and foster employee confidence. Understanding the Concerns […]
How To Stay Safe And Secure When Outsourcing Your Accounting Needs
As a business owner, there are numerous responsibilities to manage. You must ensure your employees are well-trained and productive, keep your customers satisfied, and maintain healthy finances. Outsourcing accounting tasks is an excellent strategy for small businesses to cut costs while maintaining an efficient record-keeping system. Whether you need assistance with payroll processing or comprehensive […]
Expert Tips To Instantly Improve Your Business’s Cash Flow Management
Cash flow management is a crucial aspect of running a successful small business. However, many businesses in India face unique challenges when it comes to maintaining healthy cash flow. In this blog post, we will explore some alarming statistics concerning cash flow challenges that CPA firms face in India. Following that, we’ll delve into seven […]