Under business support services umbrella, Unicus steps in to provide myriad of important functions without disrupting the company’s focus on its core areas of operations. Unicus team consists of in-house staff as well as external advisors assisting for co-ordination with different government agencies. The data compilation, transaction accounting and statutory compliances are all done seamlessly onsite of offsite through drives.

Accounts and HR outsourcing for a Software company

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Challenge

  • The software company in India supplying services outside had just changed ownership.
  • It was on its growth path, however current owners needed to concentrate on better solutions and better marketing strategy.
  • They needed expert to take over their HR and accounting hastles.
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What we did

  • Unicus offered end to end solution from data compilation to computing salaries, resolving employee issues, transaction accounting, payment management and statutory compliances.
  • The financial statements were prepared and taxes filed regularly.
  • Monthly reporting system was set up in order to provide data to management for decision making.
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What we achieved

  • It was a single window solution to all its legal, HR, accounting and taxation issues.
  • Timely and accurate maintenance of financial and legal data eased the work on the management and it could focus on its core competencies.

IndAS implementation of a German manufacturing subsidiary

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Challenge

  • The world’s largest manufacturer of construction machinery commenced its India operations in 2013.
  • With almost 130 all over the globe, the company insisted that the financial accounts of its Indian arm should adhere to IFRS standards.
  • The Indian entity decided to adopt IndAS voluntarily.
  • The company needed a consultant who would drive the entire process of IndAS translation.
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What we did

  • Unicus expert on IndAS carried out following important steps while driving this process –
  • 1. Assessment of GAAP differences and analysis of impact of implementation
  • 2. Planning and data collection to carry out the transition.
  • 3. Conversion working with issue resolution
  • 4. Process to be implemented for integration of IFRS into regular accounting
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What we achieved

  • Impact analysis helped set up expectations at the planning stage.
  • Complex accounting issues were resolved and taken care of.
  • The entire exercise was completed within timelines set by the management.
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