Outsourcing Services

Our outsourcing philosophy is to work with client as a business partner, uses our experiences and skills to enhance the client’s business value 
Outsourcing Image Page

Benefits of Outsourcing

In today’s highly competitive business environment, Business are focusing to reduce right costs to derive efficiency and effectiveness to remain competitive. Outsourcing of non-curtail tasks may be a good strategical tool to not only reduce costs but to remain focused to concentrate on business improvement and disruptive innovation by unburdening companies valuable resources. 

Additionally; the outsourcing procedure may likewise prompt quicker turnaround time, Increase proficiency and adequacy of tasks and exercises, diminishes risks and above all help the business to move its attention on doing more important exercises.

Outsourcing does a crucial job to help business development by unburdening the board of certain less important activities, empowering decision-makers to concentrate on business improvement and disruptive innovation.

Numerous organizations are thinking about Outsourcing as a vital alternative to use outside resources to perform exercises generally dealt with by interior staff. Even though the most well-known motivation to outsource is cost decrease, almost certainly that business can lessen cost essentially by re-appropriating certain exercises yet that is not by any means the only motivation to do it. The outsourcing procedure may likewise prompt quicker turnaround time, Increase proficiency and adequacy of tasks and exercises, diminishes risks and above all help the business to move its attention on doing more important exercises.

Horwath Hussain Chaudhury and Co. (HHC) is one of the leading solution providers in Pakistan.  The blend of improved and experienced group of experts and utilization of best in class innovations empowers it to convey devoted, fast and financially savvy solutions. Close working association with clients is on a fundamental level of our effective service delivery.


Outsourcing Services

For the following services, we offer the option of providing professional advice or a full-service option where we will do all the work for you:

1. Business Process Outsourcing

  • Accounting Services
  • HR / Payroll management services
  • PEO / Co-Employment

2. Other Financial Services

3. Services for startups and early-stage

4. Digitalization of accounting and finance process


Business Process Outsourcing

We use modern web-based tools and technologies (including but not limited to SAP, Sage, Quick Books, etc.) to facilitate smooth and timely delivery of outsourcing services. Which results in;

  • increased operational efficiency
  • reduced cost
  • timely accomplishment; and
  • clearly defined and measurable outcomes

Based on our experience of multidimensional assignments including outsourcing of entire function of accounts and finance and selected elements of financial statements, the approach would be to work as an extended part of overall Monitoring and Finance and accounts department to take the following benefits;

Our Approach:

  • To have a liaison with external parties
  • Staff augmentation extended office team
  • Time-saving due to real-time communication
  • Respond to approval requests quickly
  • Assign and monitor processes
  • Streamline workflows effectively

1.1. Accounting services

We deliver accurate and comprehensive accounting services to business of all sizes from individually owned business to partnerships and conglomerates. As well as entirely flexible solutions to cater to varied business needs as well as comply with the local laws and international financial reporting standards.

The Services includes:

HR/payroll management outsourcing services are combined to manage a whole range of functions that otherwise be delivered by multiple providers. These functions include everything from recruiting and training, payroll processing, benefit plan management to administration. Our services can benefit;

One of the major concerns of HR is to maintain the secrecy of employee's sensitive data and confidentiality of management and business information. At HHC Our outsourcing services effectively ensure both secrecy and confidentiality. We assert legislative compliance and its implementation while keeping in consideration, every aspect that can affect rules of law due to day-to-day complexities of a running business which, if, are not being sorted out within a certain time frame, can create future impediments.

Our services include;

  • Bookkeeping
  • Preparation of periodic financial statements
  • Audit support
  • Specialized management reporting
  • Compiling financial projections
  • Attending your board meetings to present financial results

1.2. HR / Payroll Management

HR/payroll management outsourcing services are combined to manage a whole range of functions that otherwise be delivered by multiple providers. These functions include everything from recruiting and training, payroll processing, benefit plan management to administration. Our services can benefit;

  • reduced management cost
  • hassle-free administration
  • increased efficiency
  • reduction in administrative workload
  • security and confidentiality
  • accurate management and high-quality reporting

One of the major concerns of HR is to maintain the secrecy of employee's sensitive data and confidentiality of management and business information. At HHC Our outsourcing services effectively ensure both secrecy and confidentiality. We assert legislative compliance and its implementation while keeping in consideration, every aspect that can affect rules of law due to day-to-day complexities of a running business which, if, are not being sorted out within a certain time frame, can create future impediments.

Our services include;

  • Payroll management
  • Funds disbursement and payslip distribution
  • Legislative compliance
  • Recruitment & training
  • HR Policy procedures manuals

1.3. PEO/Co-Employment

Professional Employee Outsourcing (PEO) can economize some of the most challenging aspects of your business. It can give business access to superior services than it could find or create on its own.

Our professional employee services, that can be delivered onsite, include;

  • CFO / Finance Manager
  • ERP – System Administrator
  • Company Secretary
  • Tax Compliance Officer
  • HR Manager
  • Other highly technical staff

A primary goal of the co-ownership is to provide;

  • cost-effective environment; and
  • reduced administrative and regulatory burdens
  • quick turnaround
  • ensure hassle-free succession

 

Other Financial Services

Outsourcing your financial services augment the quality of business's performance, as it will then be conducted by the business specialists, who are always updated with new industry regulations, technologies, threats to the business and its safeguards, resulting in;

  • access to the professional expertise
  • access to better technology
  • shifting staff to more value-added activities of the business
  • rapid results by eliminating the learning curve
  • quick turnaround

On diverse level, we provide services in following critical needs:

  • Creating business plans, which include ascertaining the business objectives, developing strategies to achieve them and defining time frames in which they are supposed to be accomplished.
  • Perform feasibility studies, ensuring the practicability of projects to be performed or initiated.
  • Prepare budgets and do forecasting of plans and projects, to enable better decision-making.
  • Selection of accounting systems that are economical and effective in performing accounting activities and testing their implementations.
  • Establishing the manuals of accounting and finance, policies and procedures.
  • Performing system reviews with careful observance, to identify any control weakness and suggesting measures to fortify them.
  • Provide transactional advisory to optimize the transactional outcomes and making the client understand the method of successful transactions.
  • Training the accounting staff with skills that can result in improved efficiency and performance. Hence, building capacity in the staff which is needed to do their duties competently.
  • Business Structuring It's not easy to determine what type of business entity to set up, and it has an impact on your finance, protection and your credibility, HHC help you make an educated decision.
  • Business Process Reengineering Our experienced and skilled team ensures the seamless act of recreating a core business process to improve product output, quality, or reducing costs.
  • Valuations Our professionals from the field of chartered accountancy help in carrying out complex valuations of any asset.
Services for Startups

Starting your own business can be exciting, overwhelming and even a bit daunting. HHC can help you to set up your business on a solid foundation with the major component in place and well organized from day one.

Our local experience combined by a huge network of Crowe Global with offices in more than 130 countries ensure in providing hassle-free services to clients in any territory they want. Our suite of finance, accounting, tax, payroll and HR services is designed to overcome the obstacles associated with your new venture, giving you peace of mind, realizing that we have made you agree with all principles and guidelines, with a top of the line answer for all your everyday operational needs.

We offer individualized services or advisory packages to fit your unique needs, schedule and budget. Our business startup services include:

  • Business Plan: Helping you to have a clear picture of what you want to accomplish with your business
  • Capital Required: We specialize in assembling required data for your presentation to financial institutions and other investors
  • Business Structuring: It's not easy to determine what type of business entity to set up, and it has an impact on your finance, protection and your credibility, HHC help you make an educated decision.
  • Business Incorporation: Including incorporation, Licensing, obtaining NOC's, registration with authorities and certifications
  • HR Management: Recruitment, remuneration planning, employee orientation, training, and incentivization.
  • Accounting Procedures: HHC can advise you on the best accounting system, software package, and can implement and train your employees on how to use these tools correctly and efficiently.
  • Risk and Compliance: Our risk and compliance service help to manage legal and compliance risks faced by new startups, we offer, Sales Tax, corporate tax, personal tax, legislative compliance services, and internal audit.
Digitalization of Accounting and Finance Process

Digitization is the progressing of your bookkeeping and detailing archives and capacity from a conventional paper-based framework to an electronic configuration. Since it lessens procedure time and mistakes, helps income and improves straightforwardness on salary, digitalization helps business pioneers settle on better choices about how to lift business execution. It can likewise make an organization increasingly focused.

Our approach for digitalization is comprised of the following steps;

  • Implementation Partner
  • Feasibility/Viability Report
  • Needs Identification
  • Road Map
  • Gap Analyses
  • Software Selection
  • Implementation Support