Departmental needs
Financial and management accounting
The security, technology and experience to drive down cost and provide total visibility, whilst maintaining integrity and removing the burden of capital investment and recruiting staff.
Saving money is nothing without integrity, continuity and results
For CFOs and Finance Directors, ensuring financial stability without risking failure is paramount. Scaling up brings challenges like operational disruptions and capital constraints, hindering cashflow and visibility.
Financial and management accounting automation, as well as digital transformation, offer solutions but require careful consideration of current and future needs, ROI, and timeframes. Data security and compliance are non-negotiable, demanding tried and tested processes.
At Parseq, we understand the pressure and complexities of financial management, offering tailored solutions for seamless operations and compliance.
Let us turn complexity into clarity and unlock sustained cost savings with AI-driven business transformation – powered by Parseq and our trusted partnerships with leading tech platforms.
Key challenges of business process efficiency for CFOs and financial and management accounting
Risk
Security, compliance and continuity must be maintained at all times. Integrity and easy integration is vital.
Visibility
Need for timely data to view risk and maximise opportunity.
Captial
Significant investment required for necessary technology.
Scaling up
Time, resource and staffing may restrict ability to scale up.
Cashflow
Inefficient cashflow may affect operational functionality and growth.
ROI
Demonstrate tangible results as soon as possible.
Our financial and management accounting automation solutions
Secure, quickly deployed financial and management accounting automation, for better insight and efficiency
The security, technology and experience to drive down cost and provide total visibility more quickly.
Outsourcing to us benefits your financial and management accounting department in multiple ways: saving time and money, improving cashflow, operational health and consistency.
We leverage highly automated technology to handle repetitive tasks, managing high volumes of work and reducing cost-per-process (typically achieving 20% savings compared to in-house processes). For example, our accurate automated cash allocation solution allocates over 95% of payments on day 1, potentially reducing suspense or clearing accounts by up to 50% in 6 months.
Our financial accounting solutions offer real-time data access through an online portal, enhancing visibility for risk minimisation and better cashflow utilisation. Outsourcing functions like management accounts and credit management saves on running costs and recruitment/training burdens.
You retain control while gaining extraordinary insight into performance reporting, with customisable KPIs, budgeting, forecasting, and secure operations. We ensure absolute integrity, security, and compliance, with impeccable credentials from serving large financial organisations.
Our easy system integration ensures business continuity, with nearshore/offshore capabilities for added continuity and cost savings. We invest in technology and maintenance, relieving you of capital investment worries.
Clients stay long-term due to collaborative efforts and measurable value. Whatever your financial and management accounting needs, we can help you get results more quickly, ensuring absolute integrity and minimising any risk.
Technology
Access to multiple tried and tested software and platforms, including digital and non-digital.
Automation
Highly automated intelligent systems for speed and accuracy and in-built learning.
Easy integration
Solutions that can be plugged into existing systems or workflows.
Economies of scale
Shared service centres and access to experts.
Scale and flexibiltiy
Ability to handle flexible volumes, load bearing, nearshore and offshore capability.
Security
Our systems, protocols and strict SLAs assure strict levels of compliance. View our certifications here.
By blending our onshore, nearshore and offshore model, we not only facilitate economies of scale, but also provide a load balancing, 24/7 operating platform, making Parseq the go-to for outsourcing your digital mailroom services.
The benefits of financial and management accounting automation
Results
Focused
Significant efficiencies and increases to output and value, whilst always maintaining integrity and compliance.
99.9% accuracy
Right first time
Less mistakes and exceptions and in-built ‘learning’ for continual improvement.
Cost saving
Typically 20%
Significant cost saving versus your current in-house processing costs.
Easy
Remove burden
Our expertise, technology and flexible approach help us to remove barriers and make it easier for you.
Speed
Agility
We more adeptly devise solutions to get quicker results and keep in line with needs as you grow.
Partner
Long term value
Our people and clients stay with us for a long time. We are with you for the journey.
Services you may be interested in
Management Accounts
A fully managed management accounts service with rapid insight and cost saving across multiple accounts from month 1.
Credit Management
Full credit management services including invoice production, voice contact, query investigation and resolution to industry leading KPIs.
Cash Allocation
Multiple payment channels allocated to appropriate customer accounts through automated or manual activities.
Interested in hearing more? Send us your details and we’ll be in touch
Talk to us about your finance and accounting needs today
Want to find out more? We would be happy to discuss your organisation’s challenges and how Parseq’s solutions could quickly provide you with real value.
