Track - An Introduction

Track is the financial division of Bikalp providing financial consultancy, capacity development and financial Business Process Outsourcing (BPO) services. Track administers and manages your outsourced finance and accounting functions according to agreed and defined set of metrics to reduce cycle time, improve flexibility and reduce costs.

Track creates breakthrough thinking by providing a clear focus on its clients' core competencies and then harnessing the unique capabilities of equally talented and focused outside partners to handle non-core competencies.

By collaborating with Track (your financial BPO provider) your organisation can get access to streamlined processes and best practices.

What is BPO?

BPO is the transfer of direct managerial responsibilities, but not accountabilities, to an unaffiliated third-party service provider who performs services previously delivered by internal staff and management.

Business Process Outsourcing (BPO) means delegating back-end administrative functions that are necessary to run the business but are not the part of core business.

The philosophy behind BPO is simple:

"Do what you do best and outsource the rest".

Why Outsource?

Outsourcing helps you focus management attention on strategic issues rather than low-value transactional activities. In addition, outsourcing helps you reduce operating costs by managing outsourced transactional activities, thereby achieving greater cost competitiveness with specific emphasis on:

Efficiency and effectiveness: Consolidation, standardisation, and integration of finance and accounting processes and systems to improve efficiencies, reduce costs and improve decision-making based on better data;

State-of-the-art technology: Access to new finance and accounting systems with lower capital expenses.

Best practices: Access to global most-accepted practices in finance and accounting processes. This includes transparency, business discipline, and predictable outcomes in the finance and accounting function;

Speed: Bringing on new finance and accounting processes quickly and improving the speed at which processes work; Flexibility: Ability to handle capacity fluctuations;

Focus: Improved management focus;

Expertise: Access to finance and accounting expertise without the need to attract, develop and retain non-core employees.

What we offer

Track offers its extensive experience and competencies to you to document and provide advice on enhancing existing financial systems to boost the output of your organisation.

When you outsource your finance and accounting activities to Track, you can count on superior financial and performance management capabilities, coupled with greater levels of operational control. We collaborate closely with your team to design innovative commercial arrangements and define areas where you prefer to maintain control. By having Track as your BPO partner, we can help you cut finance and accounting operating costs.

Our Methodology

We, at Track, provide a complete life-cycle solution aimed at BPO. We analyse simple projects like basic web applications to complex enterprise level outsourcing models, and help you in specifying the complete requirement to execute the job.

We aim to derive our systems for setting up of a BPO after constantly monitoring the technological updates and studying the improving methodology of successfull BPO companies in the world. We customise all our offerings to meet your unique
outsourcing requirements. We are your trusted and neutral partner through the entire outsourcing lifecycle, and ensure organisations with more productive results to satisfy the main purpose of outsourcing.

Delivery

Track focuses on achieving high quality standards on all client deliverables. Track would ensure highest level of data and physical security while handling client data and documents. Track ensures 24/7 access to the specific accounting, Enterprise Resource Planning (ERP) or tax applications, and secure access to client applications/ERP for accounting activity.

 

Finance Service