EXL’s Finance and Accounting services are designed to address multi-pronged business imperatives of the modern-day chief financial officer (CFO). We deliver end-to-end solutions that enhance efficiency, effectiveness and controls within clients’ finance functions by leveraging our high quality finance and accounting capabilities, strong domain focus, and flexible global delivery model.

Accounting malpractices, financial restatements and increased investor activism have put CFOs and finance organizations under more intense scrutiny and pressure than ever. At the same time, the combination of a worldwide credit crunch and recession creates a unique set of circumstances that demand that organizations “do more with less”. CFOs are increasingly exploring solutions to streamline and consolidate their finance operations, seeking accurate and consistent information at a much faster pace to support strategy and decision making. Companies need greater internal controls and compliance while expanding into newer markets and regions. Sourcing and retention of talent while managing labor costs and operating margins is even more challenging.

EXL’s finance and accounting services help companies achieve greater process efficiencies, reinforce controls, facilitate compliance, optimize cost of operations and improving transparency. Our finance and accounting service offerings support the changes in CFO’s roles and impact business outcomes while meeting operational metrics.


Finance and Accounting Services

Transaction Processing

Procure-to-pay
EXL supports a full spectrum of procure-to-pay services including sourcing strategy development support, procurement, accounts payable and procurement data analysis. Our range of services includes: Sourcing- RFX management, catalog and content management, contract compliance Invoice processing Accounts payable helpdesk Vendor master maintenance Travel and  entertainment processing Accounts payable reconciliations Spend analytics Improved business outcomes delivered to clients include reduced life-cycle costs, better supplier management, shorter settlement cycles, and greater contract compliance.
Order-to-cash
We are able to deliver a step-change in order-to-cash process by deploying a methodical process view to generate visibility towards key business outcomes. Our range of services includes: Order entry and fulfillment Customer setup Billing and invoicing Contact and data services Cash application Refunds, settlements and reconciliations Collections and receivables management Improved business outcomes delivered to clients include shortened cycle times, reduced days sales outstanding, and reductions in under-invoicing.
Record-to-report
We leverage technology and transformation levers to deliver faster and more efficient closing and reporting. This enables management to focus on strategic issues. Our range of services includes: General ledger and inter-company accounting Journal entries creation and posting Fixed asset accounting (acquisition, write-off, disposal) Closing (accruals, provisions) Meta-Tagging and Account Taxonomy Contracts and projects costing Accounts reconciliation and research Improved business outcomes delivered to clients include faster period close, reduction of un-reconciled exposures, access to real-time financial information.
Treasury and cash management
We have experience dealing with complex and highly specialized treasury functions, supporting CFOs in ensuring liquidity and working capital adequacy while meeting the ROI expectations. Our range of services includes: Bank entries processing Monthly cash flow analysis and reporting Manage and clear rejected items/unpaid, cancelled and reissued checks Bank, cash and suspense reconciliations’ Portfolio reconciliations and investor reporting Working capital management Improved business outcomes delivered to clients include accurate and timely cash position forecasting and monitoring, maximization of interest income, greater controls and compliance.
Payroll and benefits
Our services enable companies to realize significant cost savings, allocate resources to core business functions and better monitor undesirable spending patterns. Our range of services includes: Payroll processing Time & attendance tracking Helpdesk support Master database management Benefits and pension administration Compliance and regulatory filing & reporting Employee stock option (ESOP) accounting Improved business outcomes delivered to clients include speedy closure of payroll cycles, reduction of employee disputes, and timely and accurate filing of local and state tax returns.

Reporting and Analytics

Financial statement analysis
Our analysts leverage world-class analytical tools and techniques to provide key decision support inputs. Our range of services includes: Planning, budgeting and forecasting Ratios and variance analysis Cash flow analysis Management accounting Chart of accounts review and design Value delivered to the clients includes significant reduction in cost and improvement in accuracy and timeliness of analysis.
Internal reporting
We deliver results through a combination of superior understanding of clients’ internal reporting priorities along with analytical abilities in MIS and dashboards. Our range of services includes: Performance analysis Management information and dashboard creation Activity-based costing Our services have enabled client’s access to best practices and proprietary process management tools and methodologies.
External and statutory reporting
Our familiarity with the implications of recent and emerging PCAOB and FASB standards and Security Exchange Commission (SEC) guidelines positions us uniquely as a partner of choice for complex regulatory reporting. Our range of services include: Quality assurance 10K/Q preparation and review assistance GAAP compliance IFRS conversion SEC, NAIC and state regulatory reporting We have helped clients achieve cost saving and efficient project management through a flexible staffing model   with a dual-shore delivery option.

General Accounting

Reconciliation and exception management
EXL has deep experience of providing reconciliation and exception management services to multiple clients, including the top three US insurance companies. Our 450 professionals have helped clients standardize and streamline their complex reconciliation processes. We offer reconciliation services for a broad range of balance sheet and income statement accounts, including cash and bank, receivables, payables, reserves and investments sub-ledgers, collections, fixed assets, suspense, inter-company, and others. Our team has experience with the leading reconciliations and exceptions handling tools. EXL has invested in developing proprietary customizable account reconciliation software, E-Track ®.
Tax services
EXL tax services focus on delivering immediate value to clients by leveraging our deep understanding and experience in global taxation, cost-effective delivery models and technology. Our range of services includes: Tax accounting- deferrals, provisions and effective tax rate computations Tax planning and financial management Tax returns Transfer pricing Accounting for transaction tax and value added tax Sales and use tax
Investment accounting
Our specialists in investment office accounting help deliver world-class solutions to CFOs and Treasurers at an optimal price value point. Our range of services includes: Portfolio reconciliation Fund accounting Impairment analysis Asset account reconciliations Valuation Securities settlement GAAP compliance We have experience providing real-time reporting and analysis to support global wealth managers and advisors.
Controllership services
Specific short-term outcome-based engagements in niche need areas with a CFO or Controller’s office: Financial close consolidation and optimization M&A due diligence Post-merger integration and financial statement restatement Accounting policy and procedures Financial system and process implementation support Our flexible staffing model works well in situations where companies are looking to run program management with a view to do "more with less".