Redirect your internal staff on more core business activities and get the outsourced offshore staff to take care of the rest. Most office responsibilities can be preformed remotely without staff presence needed, saving you office space and overhead cost. Put simply, the labour supply in these developing countries is much higher than the jobs opportunities available in those labour markets, keeping the labour cost down. Our clients are solo entrepreneurs to $40 million dollar businesses. We specialize in hiring offshore staff and recruitment of online staff working remotely, ranging from 1 to 50 staff located at home or from one of our many service office locations.
Distributor
A distributor was growing very rapidly. It had grown from a small to a mid-sized firm in just a few years. As a result, its internal accounting infrastructure had not kept pace. It had an old accounting system with poor reporting capabilities and could not generate accurate or timely financial statements or operational management information. Management was basically flying blind, making assumptions about sales, margins and pricing. Additionally, its staff had grown and it had a poor payroll solution for hourly, high-turnover employees.
Prosauce worked with the client implement a new accounting system and a new payroll solution. Prosauce also designed and implemented new business processes for Accounts Payable, Billing, Accounts Receivable, Cash Application and reporting. We developed comprehensive business rules for processing accounting transactions as well as closing the books and producing financial and operational reports. We also implemented technology to allow management, who traveled frequently overseas, to be able to review and approve financial transactions over our secure, web-based application.
Now our client has accurate, timely financial and operational reports to manage their business, which continues to grow by leaps and bounds. The client has reassigned their accounting staff to other duties and saves substantial costs each month versus performing these activities in-house.
Retailer
The client was facing growth challenges as it continued the consolidation of its industry. They have plans to add more stores, yet suffered from a lack of accurate and timely financial and operational information due to poor processes and systems. Management recognized that better information was needed to understand where its strategies were working or not working. Most importantly, the client was spending valuable management time handling back office issues and personnel instead of acquiring and managing new stores. After an extensive process, the client selected Prosauce to provide complete accounting outsourcing and manage its back office.
Prosauce provided the client with a new state-of-the-art accounting system and integrated it with the point-of-sale system. Once the base systems were selected, Prosauce worked with the client to develop a new chart of accounts to provide meaningful sales, cost and profit margins by store, customer and SKU.
New processes were developed in all areas including daily cash and accounts payable accounting. Comprehensive business rules were developed to handle all exceptions and Prosauce's proprietary workflow and imaging solution was employed to rapidly resolve issues with store managers and headquarters. Prosauce is also implementing a management dashboard and data warehouse to allow client management to understand what is happening with their business in real-time along every dimension of the business.
The client was able to eliminate their accounting department and has saved significantly in its back office costs. Most importantly, client management can now focus on its business, armed with meaningful financial and operational information to ensure they make the right decisions to grow quickly and profitably.