-
300+
Bankers/Clients Served on Ongoing Basis
-
~90%
Team Utilisation Since Inception
-
50+
Daily Requests Resolved
CLIENT CHALLENGES
- The relationship started in September 2024. Currently 8 FTEs supporting the Investment Banking team for expense management, 1 FTE supports the US Corporate Finance team for FP&A, 1 FTE supports the UK Corporate Finance team on accounting and 1 FTE supports the US Corporate Finance team for CRM
- FTEs have a background in finance, expenses and accounting processes and are experienced in platforms such as Workday, DealCloud, SAP Concur and corporate travel management
- They provide coverage to the US team across EST schedules from Costa Rica and across GMT schedules from India
OUR SOLUTION
- Creation of monthly and weekly spending reports, with detailed information on expense types and amounts, while auditing expense reports as separate process
- Validation of requests with representatives and various sources to ensure accuracy of data provided, as well as timely creation and review of expense reports and invoices
- Creation and monthly update of consolidated and benchmarking reports that provide detailed information about revenue, headcount metrics and client metrics for group head of each division
- Support on earnings reports updates, adjustments and changes per quarter while working on submission and follow-ups of vendor contracts, ensuring contracts meet all company demands and providing easier path for budget approvals due to FP&A involvement
- Creation of dashboards as per bankers’ requests in platform and update of financial sponsor meeting reports on weekly basis
KEY BENEFITS
- Reduction in average report creation time, due to specialised skills of team member and absorption of additional responsibilities owing to onshore attrition
- Real-time turnaround on urgent tasks and assistance on monthly and quarterly closing cycles
- Shortened average submission-approval-payment cycle for expense process
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