Shared Services

India is fast becoming a global hub for shared services, serving global companies in search of more efficient processes at lower costs. Indian companies have now realized that shared services can play an important role in enabling growth & innovation & thereby increasing efficiency.

Typically, this is achieved through the creation of a unified global business services unit capable of managing end-to-end processes.

Though cost savings remains a key objective, but the target is also to achieve other implied benefits in:

  • Process efficiencies

  • Standardization

  • Better opportunities for employees

  • Better use of time for the retained business

nhbs provides services to Small and Medium Enterprises (SME’s) and also to Large Corporate industries to help business owners/promotersto do what they do best and concentrate in growth of their business. We deliver services to clients of all sizes and from all sectors.

SME sector is the backbone of the nation’s economy. A special role for SMEs has been earmarked in the Indian economy. SMEs have developed in a mannerwhich made it possible for them to achieve their core objective of selling their products/services but lagging in other areas like Accounting, Statutory compliances, Developing MIS, etc.

We at nhbs help the SME sectors to get out of this impending scenario by supporting them in maintaining their Finance department by performing all the finance functions like accounting, Compliances, TDS, GST, Secretarial, etc.

Even for large Corporates, due to their huge volume of transactional activity,in their company there is a dire need to outsource some accounting functions to help in their day to day routine activities to run the company in a smoother way.

Our Offerings

  • Procure to Pay (P2P): Accounts payable, Vendor Reconciliations

  • Order to Cash (O2C): Order Management, Invoice preparations, Collections Accounting, Customer Reconciliations

  • Record to Report (R2R): General Ledger Accounting, Fixed Assets, Accounting, Monthly / Yearly Closings, Assistance in statutory audits, MIS preparations.

  • Process documentation, Work documentation

  • Identify Control Gaps

  • Process re-design

  • Process consolidation

  • Design & Implement SOP

  • Extractions of Employee Attendance from Systems

  • Processing & Calculations of Monthly Payroll

  • Calculations of statutory deductions like PF, ESIC, PT, income Tax

  • Calculations of Salary Payable & Reconciliation thereof

  • Generation & issuance of Salary slips

Why nhbs?

Increased financial transparency and meeting deadlines on regulatory compliances

Accounting handled by a team of professionals

Timely and effective management information system

Freedom for the management to focus on core competencies

Ability to reduce costs gradually

Availability of supervision & monitoring activity

Setting up of SOP’s across various functions to attain uniformity of operations

Solutions Across

End to End (E2E)

From voucher preparation to having your books audited by your auditors and file all the statutory returns.

Payroll processing

We perform the payroll process for companies looking to outsource their payroll activities.

Management reporting

We perform the process of monthly reporting to the management (MIS) with analysis and decision support system.

Business Processes

Specific processes like Procure to pay (P2P) for vendors , Order to Cash (O2C), Records to Report (R2R), Capex or Reconciliations, etc.

What our clients say