Business Outsourcing

Risk Advisory

Optimal has dedicated approach, quick turn-around time and competitive pricing which has made them a significant player in Outsourcing domain. You can outsource your accounting, taxation, compliances and payroll processing services to us. By perfectly combining advanced Accounting & Payroll software support, web-based technology with innovative outsource workforce management, we make you free from the operational challenges to shift the focus of internal resources on core and critical business activities.

Accounting & Book-keeping

Accounts Outsourcing is for organizations looking to outsource their specific critical activities/ transactions or the complete finance and accounts function to an external service provider. It is an effective tool in this world of competition where mutually beneficial arrangement is derived between accounting service providers and entrepreneurs/ corporates with quality and precision in accounting services. Our solution enables seamless delivery of services and excludes the need to have separate labour/ tax consultants, CA’s, CS’s and accounting executives. Optimal provides the team of experts who fully understand the accounting and statutory requirements of your business and equipped to analyze changes in legislation may affect your business.

For large corporates we undertake specific activity/ transactional outsourcing while for Start-ups or SMEs we provide high-quality services at a fraction of cost incurred to keep a in-house team by adopting a shared service model. Any business can reap considerable benefits of accounts outsourcing, which include reducing costs and freeing up valuable time to concentrate on running your business.

Our solution goes beyond the day-to-day bookkeeping tasks. We establish robust processes and controls during the first phase of our engagement, ensuring prudent risk management for clients and smooth day-to-day functioning for the client’s operations team. We provide advice and bring in best practices in finance and accounts for the client. We provide customized and timely MIS to our services typically include book-keeping, payroll, vendor payments, receivables management, taxation, compliance, secretarial, fund management and MIS reporting. We work on a retainership model for accounts outsourcing assignments.

Our Offerings

We offer bouquet of outsourcing options in Accounts & Book Keeping functions such as

  • Outsourcing and validation of specific accounting functions/ activities/ transactions.
  • Outsourcing of complete accounting functions up to Audit
  • Receivable & Payable Reconciliations/ Management
  • Treasury Management
  • Budget & Cash flow statement
  • Enterprise Performance Reporting (MIS Reporting)
    • Balance Sheets, Profit & Loss Statement Monthly Reporting
    • Cash Flow Preparation Report
    • All Accounts Reconciliation Reports
    • Budget Reports on monthly, quarterly and annual basis.
    • Time and billing Recording.
    • Complete Accounting Services with Reporting Analysis

Optimal has expertise manpower to render Specialized Accounting services to client with diversified needs and geographic locations. We are professional hub for accounting & bookkeeping outsourcing in India having exposures to all versions of bookkeeping on SAP, TALLY ERP etc.

Payroll Management

Payroll is a highly sensitive requirement for employers of all small, medium or large sizes enterprise and Industries. Timely and accurate payroll processing is critical for employee satisfaction; timely compliance & correct advice w.r.t. payroll structure etc. are important for the management. Further, data confidentiality is paramount for the management. Hence, payroll services are best outsourced to experienced service providers.

Optimal has a dedicated team of payroll processors with complete skill set of customizing the Payroll processing solution with focus on service delight. Our services include creating appointment letter, advice on legal matters & payroll structure, Post-payroll support, payroll helpdesk, data management etc. Our services cover all aspects of the employee cycle, as well as all aspects of taxation and compliance. We also provide employee portal self-services through our technology partners. Our payroll services are designed for the requirements of start-ups need, advice & support apart from monthly processing.

Our Offerings

  • Developing Service contracts for employees
  • Structuring Tax efficient payroll structure for employees
  • Statutory compliance for payroll related Taxes, Provident Fund, ESI
  • Technology based complete Payroll Solutions.
  • Single contract, Single Point of contact and a Single centralized solution
  • Confidentiality of Pay package and data security.
  • High level of services, support and training.
  • Other statutory deductions while processing payroll.

At Optimal we positively transform payroll & retiral management for your company with a scalable and cost effective solution that enables your core HR team can focus on core HR issues and leave the payroll worries to us. Optimal with its highly specialized and expansive knowledge base accompanied with best in class technology ensures accurate monthly payroll processing of varied complexity for our clients across industry verticals.

Optimal offers a platform supported by state of the art technology, internal controls and Infrastructure.

Statutory Registration & Compliances

Optimal caters to statutory compliance outsourcing and extend specialized services to the clients in many formats. Optimal follows the process to understand your business compliance needs, identify compliance gaps, formulate process, integrate process to your business, corporate training and awareness, monitoring and audit.

Our Offerings

We offer bouquet of services under the compliance domain which includes

  • Complete solutions for various Tax Registrations under Income Tax & GST, routine compliances, assessments, Tax planning, rationalization & structuring etc.
  • Payroll registrations with Authorities for PF, ESIC, Professional Tax, regular compliances & assessments.
  • IPR, Trademark, Patent, Copy Right and FSSAI Registrations and litigation.
  • Import Export Code (IEC) Registration
  • Micro Small and Medium Enterprises (MSME) Registration.
  • Shops & Establishments Act Registration
  • SEZ and STPI Compliances including Registration & Periodic Reporting compliances.
  • Advising and executional support on all Corporate laws and secretarial compliances and litigation matters.

Our experts are keeping tabs on all the changing regulatory developments and will provide guidance on key next steps as new rules emerge.

FEMA/ RBI Compliance

Compliance with the dynamically changing Foreign Direct Investment (FDI)/ Overseas Direct Investment (ODI) Policies and FEMA regulations is quite cumbersome in India & is a common irritant for most foreign investor companies which have to deal with them. We at Optimal, have a team of experts, including Ex- RBI, having significant experience on RBI/ FEMA matters. Our expertise covers all types of cross border transactions – necessary approvals to the Foreign Companies from RBI/ DoEA- MoF/ Government authorities for establishment of appropriate entities i.e. Liaison/ Branch/ Project Office/ Subsidiary of foreign company, advising on FDI & ODI matters, imports, exports, debt funding, equity capital infusion etc.

FEMA compliances services include reporting under FDI/ ODI, establishment of the Branch Office/ Liaison Office/ Project Office/ Subsidiary/ Joint ventures - under FIRMS Portal and all other aspects of such transactions – negotiating with banks for exchange rates, bank liaison, notifying authorities, advisory, valuations, reporting and other compliances.