“Do what you do the best, outsource the rest.”- Peter Drucker
The Outsourced Accounting Services Market In India
The Indian accounting services market is segmented based on the type of services, company, and region. Based on type of services, the market can be categorized into tax preparation services, bookkeeping services, payroll services, and others.
In today’s challenging business environment, an increasing number of companies are outsourcing their accounting services requirements to expert vendors. India is known for its outsourcing capabilities and when it comes to bookkeeping services and accounting services the quality level is un-matchable. Outsourcing accounting and bookkeeping assist businesses in focusing more on the core business activity. The complexity of the task of accounting and bookkeeping takes up a lot of management’s time and effort.
With outsourced accounting and bookkeeping service providers, businesses save up to 60% overhead costs along with the capital cost, which otherwise would be invested in the infrastructure of the accounting department. Apart from that, outsourcing accounting services helps the client to stay compliant with updated rules & regulations, reduce the paper load and take the right advantage of automation.
One of the eminent names in the Outsourced Accounting services space is a Mumbai-based firm named Zephyr Solutions. Founded in 2018, Zephyr Solutions is a proprietorship firm run by Aslam Ismail Sharif.
Why Focus Only On The Big Sharks When There Are Plenty Fish In The Business Ocean
What makes Zephyr Solutions a unique accounting firm is that they focus on the small and mid-segment business houses by economically charging on transactions count and the compliance needed.
The USP of the firm is offering affordable accounting services to start-ups and SMEs so that they could focus on their core competencies & outsource their management support functions. The company provides dedicated accountants and managers who proactively communicate and ensure quality, accuracy, and review mechanisms.
The company offers a myriad of back-end services such as Accounting, Compliance, Bookkeeping, Registration & Incorporation, Payroll Management.
The Inspiration & Stimulus Behind launching Zephyr
Aslam, the founder of Zephyr has worked with esteemed brands like TCS & IBM. During his stint at TCS, he handled an extensive variety of clients which offered him several opportunities to discover multiple aspects which impact business operations. He realized that the entrepreneurs were investing in their accounting teams and there was no control or review mechanism.
The Growth Momentum So Far
The company started as a bootstrap business with one accounts team and gradually with tie-ups with different people and targeting markets and customers, their business expanded. Their manpower strength almost doubled from 10 to 20 post lockdown phase with more demand for their services and this gave a big fillip to their revenues too. Since its launch, the firm has served more than 100 clients with eminent names like Reliance, Tata.
The Vision & Mission of the Company
The company envisions to augment its manpower asset to 100 plus in the next five years and with a growth rate of 200%. The company wants to explore and improvise the existing services that they already offer and reach out to all small & medium segment businesses. They also want to be more technologically driven in offering their accounting and business support services.
Instagram page – https://www.instagram.com/zephyraccounting/
To read more Startup Stories on The Business Press, visit – https://thebusinesspress.in/categories/startup-stories/