Synigence F&A
Our Healthcare Finance & Accounting Management Solutions – Synigence F&A
At Synigence, we understand the importance of reliable and accurate financial management at a healthcare provider organization. We have successfully supported numerous healthcare entities by assisting them in reducing the cost of delivery of finance and accounting functions while at the same time streamlining the accounting processes and optimizing financial reporting.
Finance & Accounting Outsourcing Solutions - Advisory & Transactional
Key Process Areas under F&A Outsourcing Solutions Suite at Synigence,
Transactional Bookkeeping and Accounting Outsourcing
- Complete Management of Accounts Payable and Accounts Receivable Functions
- Bank Reconciliations
- Credit Card Reconciliation
- Lease Accounting
- General Ledger and Financial Statement Preparation
- Balance Sheet Reconciliations
- Month End and Year End Financial Close.
F&A Advisory Services
- Advisory services on improvements in financial processes and internal controls
- Reducing financial close delays
- Assisting in accounting system changes and implementations
- Managing wind downs etc
Our Differentiators
Synigence assists in managing the finance and accounting needs of its clients and offers these
key differetiators and value additions:
- Cost Efficiency: Benefit from offshore reduced labour costs – offers qualified and
experienced finance and accounting personnel at less than 50% of US costs
- Expertise and Accuracy: Access to experienced professionals dedicated to maintaining
accurate and timely financial records with strict adherence to SLAs and TATs – 99% + quality
of operations
- 24/7 Task coverage and capability augmentation : Offshore team provides 24/7 coverage as
well as resource augmentation capability to handle projects and volume spikes
Process Discovery & Transition
Synigence uses industry benchmark methodologies and its healthcare industry vertical knowledge to conduct
process discovery and prepare “As Is” to “To Be” transition roadmap for any Finance & Accounting Process
Outsourcing.
- Data Collection
- Analysis Techniques
- Process Mapping
- Stakeholder Interviews
- Systems Analysis
- Performance Metrics
- Documentation
Production & Quality Management Tools
Synigence applies its production and quality standard operating protocols to the client transitioned F&A process
to create production plans and quality targets for the operating staff as well as monitoring mechanisms to enforce
these targets.
- Allocation Methodology based on staff tenure, performance
- Quality Targets Defined
- “Smart” & Dynamic Audit Protocol
- Regular Production & Quality Reviews
- Training and Remediation Protocol for Staff
- 99.95% quality and TAT which is industry leading.
- Best in class error management and quality control protocol.
- Real time MIS ability to check client / staff specific productivity and quality.
- Management of client volume spikes and backlogs through 24/7 processing ability.