About Us
RR Outsourcing is a leading finance and accounts outsourcing company based in India, catering to clients in the UK, USA, UAE, Singapore, and beyond. With a team of qualified professionals and a deep understanding of global business practices, we provide comprehensive finance and accounting services tailored to your organization’s needs. From FTE management to complete outsourcing of your accounts and finance department, we deliver seamless solutions that empower your business to thrive
Mission
Vision
R R Outsourcing Limited’s vision is to build enduring partnerships with our clients, founded on trust, integrity, and mutual success. We aim to be the undisputed leader in finance and accounts outsourcing, renowned for our commitment to excellence and continuous improvement.
Our Team
Riddhi Shah
Our co-founder, Riddhi Shah, brings over 12 years of industry experience managing finances for high-profile organizations in the UK. She has expertise in areas such as accounting, corporate taxation, revenue reconciliation, and HMRC compliance, ensuring our clients receive exceptional service.
Rikin Lodaria
Rikin is a qualified Chartered Accountant, he brings in more than 15 years of experience in working across multiple sector and geographies. He has been Finance director for more than $250 Mn in UK. And USA. He has his expertise in managing finance accounts, tax structuring and offshore accounting.
Our Services
Full-Time Equivalent (FTE) Staffing
Dedicated finance and accounting professionals to support your operations.
Complete Outsourcing
Entrust your entire accounts and finance department to our expert team.
Financial Analysis and Advisory
Preparation of MIS, Business Analysis, Tax structuring, Tax opmisation and Funding
Specialized Services
Order to Cash, Payroll, HMRC, VAT, Procure to Pay, and more.
Accounts Payable Outsourcing
At RR Outsourcing Limited, we optimize your Accounts Payable processes through a systematic approach aimed at boosting efficiency and reducing costs. Here’s how our Accounts Payable outsourcing services work:
- Onboarding: We commence with a thorough onboarding process to grasp your specific requirements, expectations, and current AP workflows.
- Data Migration: Our team securely gathers and migrates essential data such as supplier details, open invoices, and payment schedules to our systems.
- Invoice Processing: Incoming invoices undergo meticulous processing where we verify details, match them with purchase orders and receipts, and accurately code them for payment.
- Approval Workflow: Invoices progress through a structured approval workflow within your organization, ensuring compliance with internal policies.
- Payment Processing: Approved invoices are promptly processed using secure methods like checks, electronic transfers, or ACH payments, adhering to agreed-upon terms.
- Vendor Management: We maintain proactive communication with your vendors, addressing inquiries promptly to foster smooth relations throughout the payment cycle.
- Reporting: Regular reports on AP activities, outstanding liabilities, payment statuses, and financial data are provided to keep you informed and in control.
- Invoice Processing: Efficient handling from receipt to payment.
- Vendor Management: Proactive management of vendor relationships.
- Payment Processing: Secure and timely transaction handling.
- Expense Reporting: Detailed analysis of expenses and financial data.
- Supplier Reconciliation: Ensuring accuracy in supplier account management.
- Compliance and Reporting: Adherence to regulatory requirements and comprehensive reporting.
- Cost Savings: Reduce overhead costs associated with in-house processing.
- Enhanced Efficiency: Streamlined processes for faster turnaround times and reduced errors.
- Advanced Security: Mitigate payment fraud risks with enhanced security measures.
- Access to Technology: Utilize advanced automation tools and technologies for improved resource utilization.
Our AP automation solutions leverage cutting-edge technologies such as OCR, machine learning, and AI to streamline invoice processing, approval workflows, and payment handling. Key features include:
- Invoice Processing Automation:Digitally capture and extract invoice data for efficient processing.
- Approval Workflows:Automated routing based on predefined rules to streamline approvals.
- Electronic Payments:Implement ACH transfers and virtual credit cards for secure, efficient payments.
- ERP Integration:Seamless integration with ERP systems for synchronized financial management.
- Vendor Self-Service: Provide portals for vendors to submit invoices electronically and track payment status, enhancing transparency and reducing manual inquiries.
O2C
Order Processing:
- Receive Orders: Customer orders are received through various channels.
- Order Entry: Orders are entered into the company’s system or the system managed by the outsourcing partner (e.g., RR Outsourcing Limited).
Credit Management:
- Credit Check: The outsourcing partner performs credit checks based on predefined criteria.
- Credit Approval: Approve orders that meet the company’s credit policies.
Billing and Invoicing:
- Generate Invoices: Invoices are generated based on approved orders.
- Invoice Distribution: Invoices are distributed via email, mail, or integrated electronic systems.
Accounts Receivable Management:
- Payment Processing: Receive payments from customers through various channels.
- Payment Allocation: Allocate payments to the correct invoices and update accounts receivable records.
- Cash Management: Manage incoming cash flows, including forecasting and optimizing liquidity.
Bank Management:
- Bank Reconciliation: Reconcile accounts receivable and payments with bank statements.
- Transaction Handling: Manage transactions such as refunds, chargebacks, and adjustments.
Collections Management:
- Follow-Up on Overdue Accounts: Send reminders and follow up on overdue accounts.
- Dispute Resolution: Handle invoice disputes and resolve issues promptly.
Customer Reconciliation:
- Reconcile Customer Accounts: Ensure customer accounts match their records and resolve discrepancies.
- Query Resolution: Address customer queries related to invoices, payments, and account statements.
Claim Management:
- Process Claims: Handle customer claims and ensure they are processed according to company policies.
- Claims Resolution: Investigate and resolve claims to the satisfaction of all parties involved.
Post-Sales Services:
- Customer Support: Provide support for post-sales inquiries, including product/service issues and warranty claims.
- Returns and Refunds: Manage returns and refunds efficiently, ensuring compliance with company policies.
Reporting and Analysis:
- Financial Reporting:Provide reports on cash flow, accounts receivable aging, and collection effectiveness.
- Analysis:Offer insights to optimize the O2C process and improve financial performance.
Why Choose Us?
Cost-Effective Solutions
Reduce overhead costs and increase profitability
Personalized Approach
We understand that every business is unique, which is why we tailor our solutions to the specific needs of each client.
Access to Expertise
Tap into the knowledge and skills of our experienced professionals
Scalability
Flexible solutions tailored to meet your evolving business needs
Focus on Core Activities
Free up resources to focus on core business functions
Compliance and Security
Ensure compliance with regulations and data security standards
Commitment to Quality
Quality control processes, robust data security measures, and continuous investment in training and development.
Global Reach, Local Expertise
With a presence in key markets and a team of professionals who understand the local financial landscape, we are able to provide tailored solutions that address the unique requirements of your business, regardless of your location.
FAQs
Account outsourcing involves hiring external firms or professionals to manage specific accounting functions, such as bookkeeping, payroll processing, tax preparation, and financial reporting.
Commonly outsourced accounting tasks include:
- Bookkeeping and general ledger maintenance
- Accounts payable and receivable management
- Payroll processing and tax compliance
- Financial statement preparation and analysis
- Budgeting and forecasting
Typically, businesses choose an outsourcing provider that offers the specific services needed. They enter into a contract outlining the scope of work, service levels, pricing, and confidentiality agreements. The outsourcing provider then handles the agreed-upon accounting tasks remotely
Factors to consider include:
- Experience and expertise in your industry and geographic market (UK or USA)
- Reputation and client testimonials
- Service quality and compliance with local regulations
- Security measures for handling financial data
- Cost-effectiveness compared to in-house alternatives
Yes, reputable outsourcing providers employ secure systems and protocols to protect sensitive financial information. It’s important to choose a provider with robust security measures and compliance certifications (like GDPR for the UK or SOC 2 for the USA).
Before outsourcing, businesses should:
- Clearly define their accounting needs and objectives
- Conduct due diligence on potential outsourcing providers
- Prepare documentation and access to relevant financial records
- Establish clear communication channels and expectations
RR Outsourcing has a team of professionals well-versed in UK and USA tax laws, financial regulations, and compliance requirements. They ensure that all accounting practices adhere to local regulations, helping businesses maintain compliance and avoid penalties.
- Cost-effectiveness: By leveraging lower operational costs in India, RR Outsourcing offers competitive pricing compared to local alternatives.
- Expertise: Access to skilled professionals with expertise in UK and USA accounting standards and practices.
- Focus on core activities: Allows businesses to focus on core competencies while leaving non-core functions like accounting to specialists.
- Scalability: Flexible service options that can scale with business growth or seasonal fluctuations.
Yes, RR Outsourcing caters to various industries and can customize their services to meet specific industry needs or niche requirements. Whether it’s healthcare, hospitality, technology, or manufacturing, they adapt their accounting solutions accordingly.
RR Outsourcing assists businesses by preparing necessary financial documents, ensuring accuracy and compliance during audits or regulatory reviews. Their team provides support throughout the audit process, addressing queries and facilitating smooth interactions with auditors
RR Outsourcing distinguishes itself through:
- Specialized focus on the UK and USA markets from India, offering cost advantages without compromising quality.
- Commitment to compliance and regulatory knowledge specific to UK and USA business environments.
- Proven track record and client testimonials validating their expertise and service quality.
Businesses can evaluate ROI by considering cost savings, improved operational efficiency, reduced overheads, and enhanced compliance. RR Outsourcing provides transparent reporting and metrics to help clients gauge the financial benefits of outsourcing.
Beyond accounting, RR Outsourcing provides advisory services on financial planning, budgeting, and strategic financial management. They aim to be a trusted partner in driving business growth and financial health.
RR Outsourcing offers flexible pricing starting from GBP 200 per month. Pricing may vary based on the scope of services and the specific requirements of the client.
RR Outsourcing provides services tailored to the frequency and scope needed by clients:
- Specific Tasks:Clients can engage RR Outsourcing for specific accounting tasks on a daily, weekly, or monthly basis. This includes tasks like bookkeeping, payroll processing, or tax filings.
- Complete Function Outsourcing:Businesses can outsource entire accounting functions such as accounts payable/receivable management, financial reporting, and compliance.
- FTE Outsourcing: RR Outsourcing also offers the option to outsource the equivalent of full-time accounting staff, providing dedicated resources for ongoing support.
Yes, RR Outsourcing is equipped to handle urgent tasks with prompt turnaround times. They prioritize client deadlines and ensure timely delivery of critical financial services.
Testimonials
I have had the pleasure of working with RR Outsourcing Limited for over five years, and I can confidently say that their services have exceeded my expectations. The team is highly professional, responsive, and dedicated to delivering quality results. They have streamlined our operations, allowing us to focus on our core business activities. Their expertise in outsourcing solutions has been invaluable, and I highly recommend RR Outsourcing Limited to any organization looking to enhance efficiency and productivity.
It has been pleasure working with the entire team of R R Outsourcing. Their problem solving skills have saved us in the most critical business situations and has been available at the right time for the right support required. I would really like to thank the team for the amazing work they turned around in 24-48 hours and restoration.
We have been working with the company for over a year and have found their services to be of highest standard and the staff has always been approachable and available for assistance. There has been time difference of about 4-5 hours but never realised there is a difference considering their availability 24 x 7 for assistance.
We have been working with the company since last 9 years and the service from them has been excellent, very prompt and professional. All the team members are very much approachable and helpful ensuring all compliances are upto date.
Contact Us
India
WeWork Spectrum Tower 307, Chincholi Bunder Rd, Malad, Rajan Pada, Mindspace, Malad West, Mumbai, Maharashtra 400064
UK
71-75 Shelton St, London WC2H 9JQ, United Kingdom
UAE
1703, Dubai World Trade Center, White Building, Sheikh Zayed Road, Dubai, U.A.E