When businesses expand across countries and functions, it may be difficult to handle the finance, human resources, procurement, IT and other support activities. Global Shared Services (GSS) provides a mechanism to centralize and harmonize these services, increase efficiency and enhance service quality. But the question for organizations is how much of their business should be…
Environmental, social and governance (ESG) reporting is gaining traction, and organizations are becoming increasingly aware of the need for accurate, consistent and traceable information as part of their sustainability reporting. ESG data may be collected by different departments, locations, systems and from various external sources, and it may be hard to identify how reported figures…
Inventory management becomes much more complicated when a company has multiple stores, warehouses, branches or distribution centers. The amount of product, sales volume, reorder policies, and customer buying patterns will vary from site to site. Inaccurate and late information can hinder businesses from avoiding stockouts, overstocking, late orders and poor buying decisions. Real-time visibility in…
The financial requirements of different firms and circumstances vary, whether it may be expanding business, purchasing assets or even funding major infrastructural projects. Financing through traditional lending is one of the methods of securing funds for a business but this does not work in all cases when dealing with complex or expensive funding requirements. Structured…
A key question in every investment decision is whether the return on the investment is worth the effort and risk of the investment. Businesses require capital to expand operations, acquire assets, develop new products, or enter new markets, but that capital comes with a price. Knowing this cost will assist management in determining if an…
For many organizations, payroll is one of their biggest recurring costs, and therefore an important place to control the finances and risk. Payroll systems can automate salary calculation and employee payment but if processes are not effective, there are opportunities for payroll fraud. Some of the risks businesses could encounter are fake employees, unauthorized salary…
Expectations around balancing financial performance with environmental and social responsibility are growing. This transformation has led companies to start considering how to structure their financing to link the financial terms with tangible sustainability outcomes. Sustainability-linked financing is one such approach, linking the financial characteristics of a loan or bond to the borrower’s achievement of predefined…
Fundraising is an essential part of a company’s development process. Investors analyze a business not just with its revenue or market opportunity but also the quality, consistency and reliability of the information it provides to investors. The precision of that base information can have a significant impact on investor confidence and valuation for businesses that…
International service providers who provide their services in India and in foreign markets have to deal with several regulatory requirements along with cross-border transactions. Two key focus areas that need to be looked into are Goods and Services Tax (GST) and Foreign Exchange Management Act (FEMA). The foreign exchange regulations are dealt with by FEMA…
The surge of e-commerce has transformed the ways in which businesses are selling their products and services, but it has also added new tax compliance obligations. It is important for sellers, e-commerce operators, and some service providers to know how Goods and Services Tax (GST) is applicable to online transactions, collections made via marketplace and…
