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.

Our value proposition

  • 1. Single point of contact and centralised approach
    Single point of contact and centralised approach
  • Fee certainty and transparency
    Fee certainty and transparency
  • Scalability and innovation
    Scalability and innovation
  • Expertise
    Expertise

Our ability to be agile through our global network and with an approach that focuses on efficiency and cost effectiveness, enables us to provide value-driven solutions to our clients. Our offices include a dedicated facility, India Knowledge and Capability Centre (IKCC), which is pivotal to service both the domestic and global markets efficiently and cost effectively.

Our services

Centralised accounting and management reporting
  • Prepare and maintain books and records under local GAAP or group GAAP
  • Manage global and local management reporting
  • Help create multi-jurisdictional and multi-lingual financial statements
  • Prepare and maintain shadow books under local GAAP
  • Provide requisite audit support
Tax and regulatory compliance services
  • Prepare and file all tax returns
  • Perform tax reviews including diagnostic reviews, setting up multijurisdictional
  • tax compliance reporting systems, etc.
  • Deal with local authorities, where required
  • Support in incorporation of entity
  • Maintain statutory registers, prepare agenda, notice and minutes
  • Prepare and file annual financials and other required documentation with local authorities
Group GAAP to local GAAP conversion
  • Provide multi-jurisdictional GAAP expertise
  • Prepare standardised bridge files with complete audit support for all statutory adjustments
  • Perform full reconciliation and mapping of financial statements
Payroll and related compliance services
  • Provide payroll processing and personnel administration as per local requirements
  • Help with payroll compliances and filings with local authorities
  • Provide global mobility services
Finance controller and review services
  • Supervise accounting team and review accounting transactions
  • Ensure on-time monthly and annual book closure process
  • Review global and local management reporting and timely submission
  • Ensure timely adherence to all statutory compliances and tax regulations

We offer cutting-edge technology solutions

  • SAP B1 cloud solution
    Finance Management Tool
    Prepare

    Enable efficient decision making through centralised accounting and timely reporting, on the SAP platform

  • Compliance management and
    monitoring solution
    Documentation and drafting Services

    Create compliance monitoring framework to ensure timely adherence to regulatory compliances

  • Payzaar
    Global payroll consolidation solution
    Prepare

    Consolidate global payroll management view for all countries with progress and detailed reporting

  • GT collaborate powered by Thomson Reuters
    Project Management Tool
    Documentation and drafting Services

    Allow businesses to manage all timelines/reporting deadlines and compliances in a coordinated way

How can Grant Thornton Bharat help us?

  • How can Grant Thornton Bharat help us?

    International coordination of services across time zones

  • How can Grant Thornton Bharat help us?

    Standardised approach with structured and timely reporting

  • How can Grant Thornton Bharat help us?

    Single point of contact. Multi-lingual dealing with internal and external stake holders

  • How can Grant Thornton Bharat help us?

    Improved company focus with Cost efficiency and scalability

  • How can Grant Thornton Bharat help us?

    Single platform for accounting and reporting

145+
Strong global network of member firms
9,000+
People to deliver seamless and coordinated solutions globally
17
Offices in 13 locations

Global compliance and reporting solutions

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.

Case Study

Seamless Accounting And Reporting
A leading hospitality group achieved timely book closure and reporting for its 21 international entities in 11 countries by outsourcing the F&A function to our experts. Our team designed a robust accounting and reporting framework by implementing single accounting platform, standard chart of accounts and compliance monitoring tool. This resulted in availability of timely and meaningful insights for management decision making and timely completion of tax and regulatory compliances.
Improved p2p, o2c and r2r process
A large point-of-sale terminal vendor and payment-solutions provider improved its procure-to-pay, order-to-cash and record-to-report process through efficient management of these processes by our experienced accounting experts. Our team strengthened the processes by implementation of best practices and effective controls. We achieved timely month-end-closure and MIS reporting to both local and global level, completion of the statutory compliances and annual audits well within the due dates.

Case study

One-stop Solution For Bookkeeping & Compliances
A global technology service provider outsourced the complete bookkeeping, payroll, tax & regulatory compliances of its Indian subsidiary to our team of professionals. We provided dedicated on-site accounting team to function as client’s extended team to support all finance activities. The team collaborated with cross functional teams to make sure that the deliverables were always met within the agreed timelines. This resulted in increased trust in finance function, accurate & timely reporting, timely completion of statutory compliances and annual audits seamlessly for the last 5+ years.
Established accounting & reporting framework
A US based global technology company that designs and manufactures semiconductors incorporated a subsidiary in India and our team of experts assisted the Indian subsidiary in commencing operations in India and established strong accounting & reporting framework by implementing industry best practices. As a trusted advisor, we have been managing the accounting, payroll, tax and regulatory compliances of the Indian subsidiary by ensuring smooth and timely book closure & monthly reporting and completion of annual audits within the agreed timelines.

Case study

Managed r2r process for an Indian conglomerate
A globally diversified metals and natural resources company was facing issues with R2R function for their 29 entities across two continents. We deputed a dedicated accounting support team to manage the entire R2R function for 27 overseas subsidiaries + 1 Indian subsidiary + 1 Indian parent company. Our accounting experts streamlined the R2R function, reporting systems, closed the annual audits on time and continue to successfully manage the R2R function and financial reporting services for the last 4+ years.
REDUCED COSTS IN AP PROCESS OUTSOURCING
Singapore subsidiary of a US based worldwide fabless semi-conductor company listed in NASDAQ was facing challenges in managing attrition in its Accounts Payable (‘AP’) team and was looking for trusted business partner for managing the AP function for its Singapore entity and US entity. We provided dedicated AP processing team from India for managing the AP function and the engagement has been continuing successfully for the last 5+ years. The client has also achieved significant reduction in costs due to outsourcing of the AP function.

Case study

IMPROVED EFFICIANCY IN AR PROCESS OUTSOURCING
A leading multinational food processing company was facing challenges in managing the collection accounting and reconciliation of customer accounts in its Accounts Receivable (‘AR’) function and was looking for a service partner who can manage the AR function from back office efficiently and effectively. We provided dedicated AR processing team for recording of collections, periodic reconciliation of customer accounts and follow up with customers. This has resulted in achieving improvement in the process and resolving reconciliation issues in the customer accounts.
INCREAED EFFICIANCY IN MULTI COUNTRY FINANCE FUNCTION
A leading insurance-focused consulting, technology, and managed services company was facing challenges in managing the F&A function and compliances for its group entities as there were multiple service providers in different jurisdictions with no single point of contact. We set up a back office in India and deployed a dedicated team to manage F&A functions under centralised model by leveraging our international offices to manage the local reporting and compliances across multiple jurisdictions. This resulted in establishment of standard process for effective monitoring, 50% reduction in MIS reporting timelines and 100% compliance rate achieved through our compliance management solution.

Get in touch with our leader

Devesh Uniyal
Devesh Uniyal
Partner and National Tax, Regulatory &...
Noida
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Vipin Gupta
Vipin Gupta
Executive Director, CFO Services
Noida
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Priyanka Sharma
Priyanka Sharma
Director, CFO Services
Noida
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