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In today’s scenario organisations face several challenges while expanding into new markets and operating across borders. With the evolution of businesses in multiple jurisdictions, execution of efficient back-office processes, which ensures consistency in global reporting and compliances with varied tax regulations, can become a distraction from core operations for multinational organisations.
Some of the dynamic organisations outsource these functions to maximise performance while minimising costs. Outsourcing these services can allow them to concentrate on what is important for their business by saving time and money.
At Grant Thornton Bharat, we meet the challenges of our clients and help them unlock their potential for growth. Our professionals offer solutions tailored to meet our clients’ global accounting and statutory reporting requirements. With first-hand experience of local reporting requirements in more than 120+ locations worldwide, we provide seamless and consistent international service delivery through a single point of contact.
Enable centralised accounting across all in-scope entities using the client’s preferred ERP, ensuring timely, accurate reporting to support effective decision-making
Create compliance monitoring framework to ensure timely adherence to regulatory compliances
Consolidate global payroll management view for all countries with progress and detailed reporting
Allow businesses to manage all timelines/reporting deadlines and compliances in a coordinated way
As organisations extend their footprints domestically and internationally, the challenge of executing back office processes can become a distraction from core operations, while the need to meet reporting requirements in local or across multiple jurisdictions creates additional risk.