Shareholders and management of medium-sized enterprises have two challenges: (a) to facilitate their growing business without compromising the “nimble, good head” that they know where they are and yet put in place was that processes are absolutely necessary to enable the business handle volumes far greater than its current size and (b) Keep costs trimmed and aligned to the business volume In other words, the

able to grow, with processes that are necessary to scale-up are, and yet remain profitable without ballooning overheads. Outsourcing your back office processes, especially accounting, is a step in the right direction. Increasing pressure on profits drives looking more and more midsize companies on outsourcing to reduce costs and improve competitiveness in the market, something that Fortune 500 companies have done successfully in the past ten years.

Can accounting be outsourced? You would be surprised how easy it is to outsource accounting is. o you keep your accounts on your computer in your premises. o You scan all incoming documents and store them as digital images. o Your tax adviser, is outside your company access to edit your computer into a secure / safe way to read the documents you looking for your business rules and update your accounts. o When you enter your office, your inbox contains reports that you can print out and read, controls should print and sign it, and require queries that resolution. simple! Your first decision: Do you forgive? Your financial function includes: (a) CFO function to the maximization of shareholder wealth interests by aligned right decisions on pricing, financing, investment, financing and dividends is, by your business generates the expected cash and cash this use in the right direction (b) Management Accounting, which you plan to help the business; (c) Treasury’s cash and (d) financial accounting, the a. manage the books of accounts, b. Processes customer orders, sales invoices and receipts; monitors receivables c. Processes supplier invoices and payments monitored and vendors d. processes payroll, expense reports, etc. e. prepares financial statements and other internal reports Financial Accounting (or a portion of them are) simply outsourced can. This would step up service quality. A rabbit running for his life is running faster than a lion for his running lunch; independent third parties would be focused more on services (without value to the control) than in house accountants. Your second decision: Who should do your work? You should be looking for someone with experience in serving midsize companies. Taurus Quest ( www. Taurus Quest. Com < / a>) have unique strengths here. Taurus Quest have a track record of serving small businesses in the United States and were ranked fourth worldwide in providing finance / accounting services to midsize businesses from the Black Book of Outsourcing. We understand small and medium business market better: Search CEOs of mid market companies to outsource back-office processes as a strategy in order to remain competitive (against larger players and peers) and protect their margins. If you are a mid market company, you have to extra careful in your choice of suppliers for outsourced services. Manufacturers should understand the need for the company to be flexible and nimble feet in the management of business processes and provide an understanding of your chances. We understand at Taurus Quest, small and medium business market better. We recognize that upfront investments need not be limited, value realization should be reasonably fast; processes are not necessarily structured and disciplined. We have a long history of success in growing our clients have in this segment. We have been placed fourth worldwide for customer satisfaction and operational excellence in our core business: providing services to mid market companies based accounting from a U.S. publisher of global rankings on independently conducted customer surveys for the year 2007. We were given when we were in the finance / accounting division Quscient, now we are an independent body We see this as a testimony to our credentials for delight “our customers.

Accounting Services that can be outsourced: A wide range of accounting services including: è·¯ maintenance of:

o pounds of accounts o Assets and Liabilities Ledger o cash / bank book o è·¯ Processing by: o sales invoices , monitoring collections o vendor invoices, coordinating payments è·¯ Effective control / traction o prompt / accurate account reconciliation o Cash flow projections è·¯ create business intelligence reports o accounts o analytical reports è·¯ Decision Support in o prices new programs o Resourcing (both plants and people)

Taurus Quest track record in Accounting: Taurus Quest provides billing services for more than 40 customers in the United States. Some examples: cor (a) full accounting for an office furniture and d 茅 provider in New York (b) Full accounting for a chemical company in Chicago (c) Complete Accounting for an architect practice in Atlanta. (d) Complete Accounting Service for a chain of gas station franchises in Tucson (e) maintenance of the General ‘ledger for a non-governmental charity organization in Phoenix p> (f) Sales invoicing and receivables management, monitoring for a property and casualty insurance provider in New York (g) processing of vendor invoices and payables for a manufacturer of industrial products in Chicago (h) Branch accounting for a U.S. software services business in Chicago (i) preparation of financial statements for professional clients of the CPA in Princeton. Taurus Quest

the know-how: Taurus Quest has experience in: (a) the alignment of the accounting systems to business requirements (right granular level of profit centers, cost centers for recording income / expense etc) (b) Operating business controls (development of and compliance with business rules, authority, and the validation of evidence) (c) Accounting standards (we have experience in U.S. GAAP and IFRS) < (d) The operation of a variety of accounting systems, including Microsoft Great Plains, Quick Books, SAP, Oracle Financials, etc. p> Our senior employees have post graduate qualifications in Finance / Accounting. Our front service providers have at least a bachelor’s degree in Finance / Accounting.

How outsourced work? An accounting system is finally inventoried on various business documents, to handle certain business rules and updates in the books of accounts. Outsourced services accounting works like this: (a) you get a high-speed scanner and get all business documents (purchase orders, invoices, suppliers, goods arrival reports, sales orders, delivery reports, sales invoices, collection , payment, expense reports, payroll inputs) scanned and a computer in your house (preferably stored in an off-the-shelf inexpensive document management system) (b), your accounting system is in a stored computer (often the same computer) in your premises (c) that the connected computer by your local ISP (of course you get a firewall to protect your system’s Internet, we can use technology-bit) (d) We access your computer remotely by our service delivery center, read the scanned images, process / archive the document images, and update the accounting systems. (e) your accounts are prepared to provide the needed information. The reports you need are ready and in a safe area for you in the computer. (f) Depending on the degree of sophistication you need, you could create the payments made by the confirmation of the online tests, we have for you online or print the checks physically, sign and pay. (g) you get to use the same accounting system and same processes you follow now. Your data and your documents remain all the time in your premises. We do not house your accounting records or data in our premises. (h) Our accountants work during your night time, but you get used to at least two hours after the interface with them every day (often from 09.00 bis 11.00 clock your time). (i) Our accountants work on a “dedicated” basis. We will work with the same person all the time. We are different in this respect. We believe this increases the bond between the auditor and the user group. (j) Our accountants are of closed-loop VoIP phones reachable by dialing a U.S. number from your premises. All of our executives have BlackBerry devices, e-mails are immediately answered.

How much would it cost? front investment is limited to: (a) A high-speed scanner (b) An off-the-shelf document management system (c) A firewall software (d) a connection to your local ISP You do not need to pay for everything else (including the telecommunications bandwidth of our commitment to supply the middle). Recurrent costs have limited our bills for services. These can be in any format: (a)% of your income (b) $ per sale / supplier invoice (c) $ / hour of the accountant of the time (d) $ / month per employed accountant After an Analyst “Customers tend to at least 50% of the total cost (save salaries, benefits, costs for equipment, etc.) on the outsourcing of bookkeeping” From the first day.

advantages of outsourcing: è·¯ From day one you get your costs by 50%. No big upfront investment. è·¯ your processes get streamlined. The quality of business increase. They are an efficient company. è·¯ your customers and suppliers are very pleased because invoices are prompt; statements are required, the payments are prompt. è·¯ Your management is pleased because analysis reports are prompt. You get the benefits è·¯ “best of breed practices from the experts.

Taurus Quest Why? Taurus Quest is a customer-focused organization. Taurus Quest has been recognized as within the first four places in the world in the provision of accounts related to customer satisfaction and operational excellence. about your company create value, your competitive advantage, your revenue growth, apart from high high-quality processes and cost benefits.