Manufacturing firms have to contend with global competition, complex regulations, pricing pressures and rapidly changing technology. CFOs and Finance Directors are expected to stay on the top of issues related to tax, compliance, strategy and financial technology consolidation. However, the sheer volume of routine and repetitive tasks like payroll, accounting and reporting – across multiple sites – ties up the best resources. .
QX offers reliable and accurate F&A and payroll services that deliver cost efficiencies and free your in-house accounting resources to focus on high-impact activities.
We have maintained high accuracy rates and delivered costs reductions of up to 50% over in-house processes over the last decade. You can count on us to deliver effective payroll, payables, receivables, financial reporting and statutory compliance services.
We have worked with large manufacturing companies spread across multiple sites, and we can assist you in integrating your F&A data and process. Leveraging our software capabilities, we can also assist in digitisation and automation of your various F&A functions. Our expertise in accounting for inventory and costing, detailed breakeven analysis, accurate balance sheet reconciliations and precise bookkeeping for cost and revenue centres prove invaluable to our manufacturing clients. Below are some of the key services we provide.
With QX, you always get the accounts on time, enjoy increased accuracy and significantly reduced costs at the same time. We can usually help reduce the cost by up to 50% compared to in-house processes.
QX outsourcing facility is owned and managed by a UK-based organization, many of our leaders have worked in the UK, and our employees possess relevant industry expertise.
Improved cash flow
By eliminating inefficiencies from your accounts receivable function and chasing payments diligently, we will help you reduce Days Sales Outstanding (DSO), minimize late payments and reduce bad debts.
We appreciate that you are entrusting critical business information to us. Apart from complying with ISO 27001:2013 (Certificate # IS 585119) information security standards, we employ a number of digital and manual security measures to ensure the security of your data.
MIS reports, tailored to your specifications, along with detailed debtor’s reports, deliver insightful data on your customer behaviour, unlocking upselling opportunities and improved collection strategies.
Strategic IT support
Utilising Cloud-based software like XERO and leveraging in-house software development capability, we provide assistance for your digitisation, automation and cloud accounting initiatives.