STAFAR helps its clients seize market opportunities and maintain strong competitive position.  Finance and accounting outsourcing is an effective cost reduction tool which enables our clients to save time and money on recruitment and maintenance of their own accounting department.

Finance and accounting BPO is especially beneficial for foreign representative offices operating in Uzbekistan. When using finance and accounting BPO services representation offices cut their expenditures on hiring and maintaining finance and accounting personnel. Moreover, they reduce their business risks through transfer of supporting function to qualified STAFAR’s specialists. Application of finance and accounting BPO model entails redistribution of resources to core company activities, optimization of business processes, and greater flexibility in internal restructuring within the company. We provide finance and accounting BPO services across the entire finance value chain, which includes:

• Recovery of bookkeeping and general accounting
• Book-keeping and tax accounting on the basis of primary documentation
• Accounting automation and integration of information technologies
• Preparation of financial reports
• Preparation of relevant accounting forms and tax reporting to corresponding authorities
• Calculation of taxes and other obligatory payments
• Payroll accounting
• Transaction processing, including accounts payable and expense processing
• Order management and billing, including managing contracts and sales orders, and customer inquiries
• Order-to-cash analytics, including authorising and managing credit and revenue assurance activities
• Inventory management, intercompany accounting and cash management and banking
• Finance strategy, budgeting, organizational design and other related services