The Advantages Of Outsourcing Bookkeeping For Small Business Owners

The beginning of the Internet epoch has transformed the approach in which businesses are conducted. The Internet has enabled our Businesses to operate effortlessly and become more lucrative by boosting relationship management and real-time connectivity.

Bookkeeping is a crucial business piece for all petite to middle sized businesses as well as companies. Outsourcing this activity could be a giant reliever and help flawless operations for businesses:

Key Benefits of Outsourcing Bookkeeping Operations to Megasoft:

Expertise at a Lesser Price: Outsourcing proffers companies a better way to have full-time expert committed to handling your books without necessitating paying them a full-time salary. This facilitates companies not merely to save money but also improve their efficiency phases by leaps and bounds.

Money Savings: Outsourcing bookkeeping operations could facilitate with colossal money savings as compared to maintaining a full time In-House Accounting crew. Opportunity and Lost Productivity Prices are negligible while outsourcing your business jobs as compared to employing a 3rd party vendor.

Time Savings: Outsourcing bookkeeping procedures facilitates free the management’s precious time that can be utilized in organizational development as well as strategic functions. Administering your Backend activities is a prospective time waster and unfavorably effects company growth and success.

Higher Resource Allocation & Focused Workforce: When a backend job like Bookkeeping is limited to In-house, mainly one resource is assigned and therefore the procedure could be prone to errors. Though, largely an outsourcing company assigns a crew of resources to one specific job and thereby the chances of mistakes sustainability decrease. This also coerces more emphasized workforce and committed resources.

Ease and Scalability: Success in business or cut backs all are responsible when it comes to outsourcing. Outsourcing proffers the choice of scalability and litheness that can help companies change as per transforming time and business needs.

Access to Top of the line Technology and Systems: Bookkeeping outsourcing facilitates companies to access the advance and cutting-edge technology and tools through their vendors, without having to bother paying for vibrant technology up gradations. It is taxing for small business owners to afford these swift modifications in technology and also be informed about any upcoming revisions in rules and regulations. 

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Improving Profitability With Megasoft's Finance & Accounting Services

Enhance your bottom line with Megasoft’ best finance and accounting outsourcing solutions, built to attain high-performance business results. Continuing pressures to optimize business performance have incited several finance executives to seek for latest methods, comprising of outsourcing finance & accounting functions of the organization. Financial organizations globally are facing the effect of higher volatility, vague business as well as regulatory and socio-political environments putting stress on them to make their bottom-line more expected and sustainable. Chief Financial Officers (CFO) of foremost organizations are leveraging finance & accounting outsourcing as a plan to transform their operating models.

Megasoft integrates realm expertise, worldwide delivery network, and technology solutions to support clients in recognizing, transitioning, changing, executing, and constantly adding

value to finance and accounts outsourcing procedures via a less-price Business Process Outsourcing (BPO) service model; without compromising on compliance as well as quality. We strongly believe in providing the appropriate information at the correct time! We offer our esteemed clients handled Finance and Accounting Outsourcing Services at the nominal prices so that they can emphasize on their core business activities while saving an important amount of overhead prices as well. We are providing Accounting Outsourcing Services internationally custom-made solutions to our clients.

Megasoft Solutions offers best solutions for outsourcing your Finance & Accounts outsourcing needs. The services provided by us aims to surpass client’s business purposes as well as cost optimization objectives. We deal with international clients and deliver customized solutions for several industries namely BFSI, Telecom, Healthcare, Retail & e-Commerce, Infrastructure, etc. Lessening in operational prices has helped our clients to enhance their business. We offer not only good but great control over finances that in turn boost profits of the company.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Optimize Your Resource Utilization: Megasoft’s Varied Outsourcing Services

There are several businesses that wish to lessen their company’s overhead prices, augment profits and meet regulatory needs. If yes then why not take advantages of expert financial services and boost your return on investment.

By employing professional accountants and bookkeepers expert such as Megasoft Solutions can assist to manage the financial documentation of your company. In this method, companies can concentrate on their core competencies, amplify profitability, and focus particular markets. Megasoft Solutions helps companies manifold the advantages for your organization via finance & accounts outsourcing (FAO).

Even when you go for data management service provider, the idea is quite easy because the firms require to access supreme-quality, related data that is offered in a cost-effective and timely mode. One must comprehend that precise data is required for effectual trade execution, securities pricing, investment decisions, measurement & portfolio valuation, regulatory compliance, and risk management.

Data management is over merely technology because it engages coordinating with people and business, keeping technological advancement in the pipeline. In fact, it is a holistic method to data management to coordinate people as well as business procedure comprising of technological innovation. The firms need to think few chief elements like storage, metadata, security, and architecture of the data.

Mainly multinational companies need to sustain their expense that is possible via employee expense reimbursement software. This eradicates the need for time-taking and complicated spreadsheets. You also need to take power of your organization expenses and make sure compliance of the company policy. With one click, you can simplify expense report. Along with this, you can time of data entry via latest accounting software. This means that it provides a paperless solution for the expenses incurred.

Whether your business is in initial stage or merely a middle size one, accounts is one thing that you should think about. Several people do not actually know that accounting outsourcing services could save money and relieve the requirement to hire full-time accounting managers to sustain their books. 

In this approach when you go for accounting solutions, you get a spectrum of single services like monthly book keeping services with the help of effective accounting office packages. They proffer services that perfect suits their requirements. All accounting services are scalable during the pike hours of activity and they could be scaled back when not in work.     

When you go for accounts payable outsourcing, the non-core functions of business are manages by 3rd party. In this mode, you can focus your efforts in amplifying your core functions that is important for your business. One must comprehend that outsourcing accounting services not only saves time as well as money and make sure that you have correctness in your accounts. This results in compliance with all governmental comprising other rules and regulations.

As a middle-sized business owner, you time is emphasized on your core business instead of wasting time seeking at your accounting books. It is a just a matter of concern when most of your time is depleted in keeping your books rather than investing it with your clients. Consequently, to make best use of your time, you must target on mounting your business and leave all types of accounting services to an expert. In fact, this prices smaller than the amount spent on a committed accounting workforce. Outsourcing your tax preparation services also make sure error tax free accounting as well as on-time payments of bills.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Considerations and Guidelines While Outsourcing Services

Of an on, we have been underlining the various benefits and service specifications of diverse domains of HR, Payroll, and Finance & Accounting Outsourcing. Thus, today we would like to take a chance to present few Considerations that should be considered before reaching at the decision to Outsource:

• Evaluating the company/ business culture – Assessing the stage of readiness in the organization with respect to shifting little control / confidential information to a 3rd party vendor in order to improve business aims.
• Examine present processes in diverse business verticals, which are underneath planning to be outsourced. Companies should decide the efficacy of their processes and also whether they could be handled in a better way by an external service provider.
• Performance measurements – make sure enough determining metrics are in place to evaluates the vendor’s performance and verify whether there are any workflow as well as procedure enhancements or not.

Sometimes, the workflow of a company such as the HR / Payroll / Finance & Accounting crew may be reluctant to accept outsourcing due to fear that their role within the company will get side-lined. Thus, the extremely opposite of the same is most likely to be true. There is certainly a change in tasks due to the outsource partnership, but it is absolutely for the positive.

The positive transforms comprise of development of the talent crew of the company teams’ to add skills like leadership and team management, vendor management, and vendor performance management. Along with this, outsourcing would allow your present HR and/or Finance & Accounting workforce focus on the improvement and expansion of their strategic efforts rather than targeting on fulfillment of core administrative aims. Industry statistics propose that the outsourcing benefits offset some of the challenges that might arise, such as a cultural shift.

Going forward on the decision to outsource, there are a Some Guidelines that should be chased in order to contract out your organization’s services in a safe and protected way. Enclosing them below -

Shortlisting the Appropriate Outsourcing Services Provider:

Pick the correct company is among the most significant steps to be chased while outsourcing. The chosen vendor should have a stringent security policy. Organizations must cross check if the potential outsourcing provider has enough security policies for data safety, privacy and against any vulnerabilities/ threats that might arise from the same.

Well-Documented and Complied Security Policy:

An appropriate security policy detailing standards as well as procedures valid should be in place. The policy must have the ability to keep the confidentially of essential and critical client data and should also be frequently validated by a 3rd party security assessment company. The privacy policies should also be evidently defined and outlined.

Data Protection Policies:

Companies must pick vendors that employ VTA (Vulnerability Threat Assessment) and make sure the complete protection and privacy of their client data. Capturing the above security considerations in mind will help any company in choosing a consistent, safe, and efficient Outsourcing vendor to accomplish their processes.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

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Understanding The Varied Benefits Of Outsourcing

Real-time access : The type of business is very vibrant; there are constant transforms as well as fluctuations without any guaranteed stability. It is about impossible to assess the conditions of the business type. Outsourcing proffers definite levels of scalability to assist solve the desirable situation of important growth as well as success. If there is a strong crew for managing the projects outsourced, then the organization’s growth could be attained in a better way.

Better gains : We are all underneath incessant pressure to offer more productivity and set up new benchmarks. 

Throughout the usage of outsourcing services, the existing workforce of the company could be aligned in order to manage the outsourced projects. The company’s employees take care of the outsourced crew, and thus improving the productivity and output of each and every single member of the team.

Attention to the core issues : The expansion of a business is pretty dependant on the success of your products or services. Companies necessitate keeping ramping up their support infrastructure, in order to witness their preferred growth levels. Organizations require to sustain their target on mounting their client base and conducting related market study on the same for driving even growth as well as profitability. An effectual plan to go about this is to outsource part / whole of the non-core business functions to a responsible 3rd party such as Megasoft Solutions.

Generating greater value per person due to higher flexibility : Creating optimal profitability through a restricted number of employees is an essential tactic. 

The purpose being that with very few employees you stand the possibility of delivery failure and on the other side, with utmost number of employees there is a possibility of overcrowding as well as wastage of resources.

On the other end of the gamut, Outsourcing proffers the flexibility to ascertain and forecast estimated workforce levels required. This flexibility permits you to keep the FT’s at a steady rate of utilization across the year. Consequently, the non-productive crew of each team member gets diminished.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

HRO Driving Enhanced Business Outcomes

With rising intricacies in HR management and shift in management tendencies, companies are now seeking at outsourcing majority of the business role in HR. Latest and advanced backend procedures in HR outsourcing comprising of advantages and compensation administration are now leading the method for much bigger assignments wherein the complete HR function might be outsourced to a 3rd party.

Mainly HR leaders and the senior management panels of organizations have adopted the idea of HR outsourcing. Furthermore, each size and type of company have accepted and realized the reliability and need of Human Resources Outsourcing. This service that was previous used largely by big corporate is now of equal importance for small as well as middle size companies.

It is a clear fact that HR Outsourcing has attained its slice of loyalists not being just limited to adopters from big enterprises.

• Enhanced workforce management
• Relatively lesser difficulties of administrative jobs
• Better and proactive solutions as well as resolutions
• Well planned counseling and advice to senior leadership

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Statutory Compliance Management By Megasoft Solutions

Statutory compliance administration is very vital today, because the finance and tax world is evolving at a swift pace. Government is constantly transforming the laws and making new rules & regulations very often. Thus, staying updated on continuously varying tax laws as well as regulations, meeting strict government deadlines, and evading costly penalties and fines could be an administrative saddle for a company of any type.

Megasoft has a robust partner network to make sure that international statutory compliance services are offered in line with the local rules as well as regulations. We specialize in statutory compliance management and facilitate our esteemed clients in complying with the local rules/laws and processes and keep regular compliance to avoid any non-compliance issues so streamlining business procedures that adds up tangible as well as intangible financial advantages for our precious clients. Megasoft offered an individual point of contact for India compliances and also for international compliances.

To make sure that the local needs are entirely compliant, Megasoft delivers the following:

Megasoft arranges, prepares, and submits monthly / quarterly / yearly payroll related necessary documents to several government authorities underneath the requisite name as per local laws.

Wherever applicable, Megasoft manages monthly / quarterly / yearly tax computations and prepares required statutory reports. Wherever it’s applicable, an Employee Self Service (ESS) team is delivered for employee’s tax declaration point. Along with this, Megasoft prepares as well as communicates year end submission guidelines document after verification with the client.

Megasoft’s retirement advantages platform offers a one stop solution to our valuable clients, whether they are with the Government operate RPFC or they have their own trust. The whole procedure operates on a PF platform that brings accountability as well as transparency to the complete process. Megasoft assists companies address the requirement to lessen pension expense volatility and augment investment performance by utilizing latest and advance hedging, asset allocation, risk management strategies and each other compliance management facets. We utilize a strategic method to support clients handle all factors of their employee’s retrials benefits.

The gamut of Compliance Management Services, we offer includes:

• Processing Services with sophisticated automation systems
• Drafting of trust deed & rules comprising of all legal actions in this regard
• Translucent and IT enabled Help-Desk Services for Members
• Managing difficult activities related to attaining approvals from PF (Provident Fund) Office, IT (Income Tax) Department, and any other department
• Day-to-day administration services for Fund comprising of legal, transaction, and accounting
• Provision of tangible as well we in-tangible advantages by establishing an in-house Fund to Client’s organization and its employees

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Payroll Outsourcing - India's Best Payroll Company – Megasoft Solutions

Are you baffled between payroll processing management system to –hire or in-house payroll outsourcing services. This is certainly a very significant decision that the management of the company has to take, as it engages a lot of price that is not merely monetary comprises of time and opportunity price as well.

Before going ahead and taking this decision, we all have to first comprehend that not every organization is expert in handling as well as completing all kinds of work procedures. Few might have excelled in financial procedures, some in Human resource, in manufacturing or in designing.

Whatever be the procedure, they have excelled in payroll management as a significant facet of each business. Since in every business, appropriate payroll processing management system of the employee’s salary should be maintained, either in-house or by the best payroll outsourcing services provider.

Few little things one must think before outsourcing their payroll processing management system. Here are:

• Cost Efficiency
• Talent Pool
• Past Experience
• Turnaround Time
• Risk Associated

With colossal years of experience, Megasoft Solutions proffers the best payroll processing management and payroll management system services to all its esteemed clients spread across both India as well as abroad. We deliver special custom made services to all our precious clients and make sure 100% service competence during all interactions with our customers. Today, after two decades, Megasoft Solutions can proudly say that we have clients in across diverse verticals and industries.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Demystifying RPO Business Model

What is actually RPO business model? For comprehending this model, firstly let’s endeavor to chase its industry standard definition.

It is a kind of Business Process Outsourcing (BPO), where an employer transfers slice of or all its recruitment responsibilities as well as processes to an external provider. The RPO provider or external service provider mainly takes up the jobs of the human resources division of the company, but this particularly relates to recruitment merely. This exemplifies that the company with recruiting services (RPO provider) is more like a consultative as well as tailored extension of the parent company.

Some RPOs think all the recruitment functions and procedures of its esteemed clients while others are accountable only for meeting particular hiring requirements of a division or segment of employment. In either case, the RPO provider takes ownership of the whole recruitment life cycle. By vigilantly planning a strategy, they design as well as handle to enhance the hiring process of the client company. Few services rendered by the RPO provider : -

Quality Candidate Research:

A well planned hiring procedure is developed by RPO providers to acquire a best-quality talent pool. This results in maximum turnover, lesser attrition rate at initial levels, and thus, cost savings.

Compliance Tracking:

Subsequently a vigilantly structured, thorough hiring process makes sure compliant hiring method as well as streamlined results.

Reporting and Audits:

Best compliance trailing establishes the grounds for better reporting procedures as well as audits.

Hiring Manager Training:

Along with excellent quality hires, RPO providers see to it that the client emphasizes on premeditated HR initiatives for handling training and adding business value.

Process Mapping:

The RPO service providers plan to do more with less. Therefore, they make a creative, fully tailored as well as organized mapping method that helps them excel by using the individual strengths of esteemed clients to their benefit.

Technology Consulting:

RPO providers comprehend the technology, the market, and the client necessary to drive for the company’s team management requirements. Consequently, delivering actual results by leveraging advanced technology solutions forms a significant responsibility by RPO providers.

RPO providers do not only design and handle; they provide recruitment results. Thus, it makes work much simpler for companies as the RPO providers are held responsible to get quality hires on board.

For companies that want to enhance their recruitment procedure, RPO is absolutely the solution; and for good reason. The benefits of this business model are several. Let’s have a look at some of them.

• Lessens time to fill
• Minor recruitment price
• Enhanced candidate experience
• Constant and predictable recruitment procedure
• Relief of complex recruitment divisions / segments
• Enable the client company to emphasize on its chief business

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Six Ways To Review And Compare Payroll Outsourcing Companies

Payroll mistakes are quite similar. Regardless, instead of investing the time as well as energy in doing your own payroll, you could be investing on making more sales and being productive. Employing a payroll provider is a planned choice you would think for your company. The subsequently concern would be to examine and select a good payroll outsourcing company. How do you analysis and compare to come to the cardinal decision?

Service

Chief facets of a competent payroll services is their account management, uniformity in communication, due diligence, capability to tackle forthcoming problems and most importantly, perfect delivery. For these, keep in mind that the outsourcing upholds an allocated payroll manager, minimal number of points of contact, well trained members assigned respective responsibilities, and on the whole good relationship with the client.

Payroll Process and Reports

The payroll service you opt must provide all the services your business needs as well as requirements. Check 3 significant criteria – it should pay payroll taxes, pay employees, and file payroll tax forms, all timely. Examine the company’s qualifications – years of colossal experience in a particular industry, capability to manage re-run payroll, technology used, licensing, etc. Along with this, it must offer on time reports on payroll statistics marking details of overall tax deduction, payouts, and more.

Accuracy and Accountability

A skilled and proficient should poses precision by strictly sticking to on time payments and a procedure to make sure minimal mistakes. Find for a payroll outsourcing company that makes an effort to spot mistakes and strives to rectify these issues periodically.

Information Confidentiality

When you entrust a big job to a company, ensure they are reliable not only to administer the work but also guard delicate employee information. You wanna be sure that processing ways are safe, data backup is sturdy, there is a practice of hourly submission of data, there is use of advance protection software and above all, a non-disclosure agreement is signed.

Cost and Billing

Billing and cost processing should be crystal clear. Also, decide if the fees and charges are subject to modifying. Your charges must cover only the services you use as well as extent of the quality offered.

Tax Management

The payroll outsourcing company you choose for should be updated on latest tax laws/acts, capable to handle state as well as federal income tax deductions and tax compliance mistakes.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

HR Transaction Services By Megasoft

Employee Lifecycle Management

Megasoft has been executing HR shared services that standardize as well as centralize the employee life cycle procedures like Onboarding, Employee Relocate/Transfer, Confirmation, Partition/Separation Management, and HR Helpdesk. Along with this, Megasoft handles end-to-end travel and expense claim processing therefore ensuring that we are there to assist each HR related transaction needs and requirements.

Onboarding Management

The initial days and weeks on the work for new employees are complex to their capability to fit in and become as fruitful as possible, as soon as possible. Onboarding Management makes sure that Megasoft takes care of all pre as well as post joining activities of new employees and offers the best initial some days experience to the new employees joining your organisation. The service comprises of induction management, document management, employee profile making on client system or Megasoft systems, and synchronization for all administration activities such as asset distribution, etc.

Employee Database Management

As a slice of Human Resource outsourcing offering, Megasoft also provides the centralized employee database management. A panel of professionals well-trained on diverse HR systems facilitate in keeping all your employee records up-to-date. All our HR Outsourcing offerings are well supported by weekly & monthly HR Dashboard as well as analytics that offer meaningful insights to the esteemed clients for taking informed decisions.

Employee Movements

Megasoft can also handle Employee Promotions and Transfers within any client organisation. This shall be contain supervising such transfers, keep posted the pertinent data in the system and keeping a trail of the compensation details. Megasoft shall also offer an online platform for trailing these movements where need.

Separation Management

Exit or Separation/ Partition management in itself is a mixture of difficult sub procedures, like final & final settlement, no dues clearance, etc. Our crew asst you handle all these processes in a timely & stress-free way, eliminating the pain of managing manifold transactions.

HR Helpdesk

Megasoft proffers a stout HR Helpdesk to handle your employee inquiry / query offering manifold methods to interact with the employees – phone, email and web, our crew of HR process expert professionals offer the best possible solution to all employee doubts/ questions.

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions India.

Megasoft’s Customized Service Delivery For Small To Mid-Sized Business Owners

As a small and medium-sized enterprises (SME) business owner, we comprehend that you have a sturdy penchant for evolution and a rock solid perseverance to stay forward in the game. As your company expands, do you search yourself investing a lot of time in your non-core business and not enough time on your core business? That is the reason, you require business cohorts who can anticipate your needs, rather than simply try to keep pace with your thinking.

Our petite to mid-size business solutions can support you with responsibilities such as small business accounting, bookkeeping, controller, etc as well as integration and accounting systems automation. We assist you free-up your time to emphasize on operating your company by providing a complete array of business solutions. We have designed a solution that is perfect for all businesses rather it small or mid size. Also, the solution is completely customized as per your requirements as well as specifications.

Further, our tailored small to mid-sized business solutions could also comprise of functions like data entry and proffering dedicated workforce.

Our custom solutions assist SMEs to overcome their unmatched set of challenges as compared to the bigger players comprising of:

• How do we get practical, germane, and implementable advice?
• How can I make the most of the restricted resources we have?
• Can anyone assist me to plan big but implement small?

We at, Megasoft Solutions (India) Pvt. Ltd., would like to transform that scenario by creating simply implementable advice accessible to SMEs in cost effective way on an ongoing basis. We bring with us immense experience acquired during our careers with big consulting firms and will leverage the same to advantage your business. This will contain assistance in diverse business domains with the objective to facilitate you to be more competitive in the market. We have a custom made version for SMEs that can easily scale once you rise and expand into bigger organizations.

Specialized services offer by Megasoft to SMB owners:

• Outsourcing – HR, Payroll, Compliance
• Specialized Manpower
• Finance & Accounting services on different platforms
• Taxation

If you may seek any further information, please log on to www.megasoftsol.com or Call 011-46067710

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions 

Statutory Compliance Outsourcing Services I Megasoft Solutions

The landscape of statutes of labour laws is continuously changing, and it takes a special nimbleness to remain abreast of all the advanced developments and make sure compliance. At Megasoft Solutions, we deliver exceptional compliance services that utterly meet your organisation’s needs.

It is completely essential to comply with all the legal as well as statutory standards for businesses to run fruitfully in India. This often engages important investment of time, resources, constant monitoring to be in the know of all the alterations that are happening, in order to be compliant and evade penalties.

With the ever-evolving employment rules and regulations, it becomes a challenge for small as well as mid-sized companies to remain themselves always compliant. What these organisations require is consistent HR compliance services from a leading and experienced provider of India.

To make sure on-time and effective statutory compliance in your organisation, the following factors must be in place : -

• Following ethical practices
• Unlimited access to local as well as regional expertise
• Informed documents as well as data in a centralized location, and which are willingly available
• Expert assistance during all audits as well as inspections
• Complete knowledge of timeliness for adherence to several laws and regulations

As you could expect, this takes a lot of shot investment in terms of both money as well as manpower. Not each organisation could allow or even want to invest several resources in ensuring compliance. Nevertheless, it is utterly crucial for a business to be compliant to all the regulations of the land.

It statutory compliance outsourcing to a top and experienced company such as Megasoft Solutions, you can make sure compliance without having to employ and maintain a separate division for it. Our esteemed clients discover that our statutory compliance services are a perfect solution to be compliant in all facets of statutes as well as labour laws.

We have years of experience, knowledge, and expertise in the following fields : 

• Statutory advisory services
• Statutory compliance audit
• Statutory benefits administration

Complete coverage of all labour rules & regulations - Shop and Establishment Act, Labour Welfare Fund, ESI Act, Bonus Act, Factories Act, PF and Misc Provisions Act, and Minimum Wages Act.

Advantages of Outsourcing Compliance

Our esteemed clients’ advantage from outsourcing statutory compliance management in several different modes.

• On time compliance as well as adherences to all the diverse statutes and labour regulations
• A lessening in the labour overheads
• Comprehensive and precise maintenance all records that are related to compliance
• Sound corporate governance
• Evasion of all litigation as well as allied prices that might arise out of non-compliance
• An increase in concentrate on strategic business sections

Our Scope of Work

We proffer our outstanding services across India, covering all the following underneath the labour acts that are valid to your factory of establishment :

• Advantages beneath labour legislations
• Maintenance of statutory records, registers, returns, and notices
• Constant monitoring of contractor compliances
• Audit of Labour Law compliance
• Exemptions underneath labour legislations
• Accident coordination activities
• Remittance of statutory payments
• License application amendment / renewal
• Nominations under various legislations
• Liaison with Labour, Factories, PF and ESI authorities

When a client involves us, we conduct a one-time audit before the task to assess the present standing of statutory compliance as per different State as well as Central Acts. Then, we organize a thorough audit report, which we present to the client. This audit will reveal all the weak as well as strong fields in terms of compliance, and lay out an apparent plan on how to move ahead. Completely based on the audit findings and consultation with the esteemed clients, afterwards we proceed other activities to ensure that the business is 100% compliant to all statutes and labour laws.

No matter, what is the actual size of your organisation is petite, mid, or big – you no doubt face the rising challenge of complying with the swiftly changing and highly difficult compliance needs.

To know, how we can assist and help your organization with our array of Statuary and Compliance Outsourcing Solutions, call us on 011-46067710 or visit our website www.megasoftsol.com

Disclaimer: This Blog/Information/News Item/Press Release has been Posted/Reposted by Megasoft Solutions