In today’s scenario of globalization and technology convergence, the process of doing business has been redefined. Outsourcing various business processes makes a lot of business sense. Large and small companies, businesses and individuals are turning to outsourcing as a tool to reduce costs, improve productivity and enhance their ability to compete in the marketplace.
Working directly with Reanda removes complexity and uncertainty from the outsourcing equation enabling all sized companies to leverage the benefits of obtaining services from a professional firm. Our consultants understand every organization's varied needs and strive to improve the quality of their processes.
We provide organizations with services required to keep the business operating as efficiently and as cost effectively as possible, so all that the organizations need to concentrate on, is their core business.
Reanda has deep expertise in delivering business process specific solutions in the following areas:
There are countless reasons why an organization should consider outsourcing. Here are some of the most popular ones:
One of the most compelling tactical reasons for outsourcing is access to outside providers' lower cost structure, which may be the result of greater economies of scale. Savings indirectly occur via lowered benefits, training and education costs associated with full-time in-house positions. Reducing an organization's operating cost increases its competitive advantage.
Every organization has limits on the resources available to it. Outsourcing non-core functions sets up a framework for an outside expert to assume responsibility for operational details. This permits an organization to redirect its resources, most often people resources, from non-core activities to ones that have the greatest impact on the business.
Outsourcing removes the burden of hiring and supervising employees, and eliminates the day-to-day responsibilities which accompany managing a full-time staff. With better allocation of time, attention and resources, organizations focus more on growing the core business and less on managing employees.
Outsourcing providers bring extensive world-class capabilities. Because of the nature of their specialization and their own core activities, outsourcing providers bring extensive ingenuity and talent, which gives organizations a competitive advantage.
Finance and Accounting Outsourcing
The service involves preparing and maintaining day-to-day accounting and monthly or quarterly management accounts. Finance and accounting services include:
- Book keeping
- General ledger maintenance
- Financial statements/management accounts preparation
- Bank and account reconciliations
- Accounts receivable processing and management
- Accounts payable processing
- Cash flow analysis
- Fixed asset accounting
- Budgeting and forecasting
- Claims processing
- Debt collection
Reanda offers a managed payroll service for every size of employer, looking after everything a business needs to outsource this critical function.
Our reliable and flexible service includes the following:
- A processed payroll for all your employees on the days you want
- Preparation of individual payroll slips with copies for your records
- Preparation of a payroll summary for each payroll
- Provision of more detailed payroll management reports
- Dealing with the EPF, SOCSO and income tax department on your behalf, including receiving of new payroll instructions and submitting details of new starters and leavers
Leave us to take care of your payroll. We will save you time and ensure the job is done professionally and complies with all the necessary regulations.
Human Resource Outsourcing
For companies of all sizes, the key element in achieving and maintaining competitiveness, profitability and growth is managing the workforce. Inevitably, issues with employees occur and changes to employment law can be very complex. It can be time consuming to understand and implement those changes.
However, the recent studies show that human resources personnel spend the bulk of their time handling routine administrative matters. Nearly five out of every eight hours of a HR professional's time is spent doing administrative work. In fact, in an average work week, only 15 hours are spent on high value work such as staff planning, strategic recruiting, organizational development, and compensation and benefits analysis. One key factor in changing that figure for an organization is to outsource.
Reanda is your business process advisor; we understand your business and let us support you further. We have a highly experienced HR team who can provide support, guidance and counsel in a pragmatic, commercial way. We will act as your own HR function; we will be available to give you advice.
Our services include the following:
- Job advertisements
- Interviews and selection
- Employment related policies
- Pay and benefit advice
- Training program
- Health and Safety
- Disciplinary or grievance situations
- Termination of contract
- Variations of contract
- Performance management