Synecoe
Bespoke Outsourced Finance Function Solutions
We Provide Ideal Outsourced Finance Function Solutions For
CFO's
Looking to move to digital solutions but without the in house finance team talent. Wanting to reduce time spent on team management. Under pressure to reduce costs.
Start Ups
Wanting a low entry level option but with best practice digital applications from day one. Coupled with a scalable enterprise level finance functionality to meet investor needs as you continue to raise more funds and grow
SME's
Wanting to benefit from a digitised finance function but without the in house talent or in house motivation to implement and/or looking to reduce finance function costs by up to 40%
Expanding Into Asia
Wanting to benefit from a digitised compliant finance function at a low entry cost with scalable enterprise level functionality to meet your needs as you grow within the region
Not Just Another Outsourcing Company
WE TAKE OVER YOUR WHOLE FINANCE FUNCTION AS A TRUE BUSINESS PARTNER NOT JUST PROCESS YOUR AR AP
Utilising our Singapore based Centre of Excellence we manage and enhance your finance processes to meet the digitised post covid era.
Giving our clients the benefit of high quality finance staff who are at the forefront of digital technology application.
Whilst the shared function approach materially reduces your costs.
Truely not your typical outsourcing company. Truely transformational.
The Digitised Finance Function
Dashboard Reporting
Data in spreadsheets is replaced by visually rich information, intuitive to use, updated in real time with full drill down and customisation functionality, for true self service analysis. And all available from any browser connection including mobile.
The End of the Month End Close
Finance goes real time. Continuous tracking of sales, cash flow, inventories, expense run rate, rolling forecasts and more. No more relience on the month close for your required decision making or reporting
Automated Processing
Finance shifts to design, configuration and maintenance of translating business practices into automated touch less processes
Cloud Micro Services
A cloud based ERP is a pre-requisite of the future finance function, supplemented by the growing market place of apps and microservices that elevate the standard ERP product.
FAQ
Q. What about the confidentiality of my finance data? I dont feel comfortable giving all of that to a third party
A. Synecoe staff are all vetted for their integrity and have to sign a stringent NDA as part of their employment contract. This gives more protection than you have from your current employees
A. You already share all your finance data with auditors, software consultants, tax advisors etc. Synecoe holds itself to the highest standards of these organisations.
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Our Services
Synecoe Offers a Full Service Outsourced Finance Function
REPORTING
- Management reporting
- Forecasts
- On demand dashboards
- Financial statements
- Foreign subsidiary accounts
MONTH END
- Month end closing to tight deadlines
- Daily G/L entries
- Accruals and prepayments
- Bank reconciliations
- Full balance sheet rec.
COMPLIANCE
- Local regulation and tax compliance
- Audit liaison
- Full segregation of duties
- Stringent payment controls
- Foreign subsidiary compliance
CASH OPTIMISATION
- Accounts Receivable processing
- Accounts Payable processing
- FX hedging
- Trade finance submissions
- Cash flow reporting
CFO SERVICES
- Reporting to shareholders/investors
- Representation to banks/financiers
- M&A support
- Strategy support amd modelling
- C-Suite partnering
client benefits
LEVERAGE DIGITAL
- Synecoe stay at the forefront of digital developments bringing:
- Automation
- Business Intelligence reporting
- Cloud based microservices
- AI integration
COST SAVING
- Estimated savings 40% of your current finance team spend
- Benefit from a shared cost centre of excellence
- Transfer programmable tasks to nearshored low cost transaction processing centre of excellence
NO TEAM MANAGEMENT
- No day to day (remote) team management
- You have one relationship with synecoe
- No on boarding, no firing
- You are freed up to run the business not the finance function
CLIENT SET DELIVERABLES
- Client establishes all deliverables
- Client receivables daily dashboard of synecoe performance
- Synecoe will employ a number of your key staff for continuity
- Dedicated locally based Account Manager
SYSTEM FLEXIBILITY
- Synecoe will take over your existing systems
- Or can provide our own ERP solution
- Cloud based or on site
- Centre of excellence security
Offerings
- Identify the commoditised processes
- Outsource those processes and existing systems to Synecoe
- Synecoe hires and integrates a number of your finance staff for continuity
- You define the required deliverables
- Synecoe uses it’s centre of excellence to improve your processes and reduce your costs
- You are free from day to day team management to focus on Business Partnering
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- Synecoe take 100% of your finance requirements
- Utilise Synecoes ERP system
- Benefit from CFO services with shareholders and investors
- Low entry cost
- Scalable at minimum cost as you grow
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- Synecoe takes over existing system and processes plus one or two key existing employees
- Integrate into COE for immediate cost savings
- Enhance processes and systems to realise better performance, transparency and further cost savings
- Expected savings 40% of current finance team spend
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- Utilise Synecoe for your full finance function requirements
- Synecoe users your global system or you can utilise our in house ERP system
- Synecoe provides flexible scalable costing as your regional business grows
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