A New Jersey-based specialty chemical manufacturer relies on Velan’s accounting services to manage its books of accounts.

PROCESS:

The client has been a pioneer in producing speciality chemicals for the leather industry. The client’s accounting responsibilities include updating bills, invoices, and payments, creating budgets, financial reports such as cash flow and cash forecasting statements, trial balances, profit and loss accounts, and balance sheets.

CHALLENGES:

Update bills, invoices, and payments in the books of accounts when they are raised or received simultaneously.
Unable to find an accounting company that can swiftly adapt to new accounting software—Datacor ERP (previously known as Chempax)
Choose an outsourcing accounting service provider with a track record of protecting data and maintaining confidentiality.

SOLUTIONS:

Velan Accounting team has over a decade of expertise in providing accounting services to clients across the US.
By deploying accountants with the appropriate skill set, the Velan accounting team was able to swiftly learn the new software platforms, Chempax / Datacor, and begin delivering services on the agreed-upon date.

Velan’s ISO 9001-certified quality processes ensured on-time delivery with 100% accuracy.

Velan follows ISO 27001-certified information security protocols to ensure data protection and confidentiality.

OUTCOME:

Velan’s developed processes and efficient accounting services considerably improved the client’s daily operations.

Velan completes accounts receivable and payable on time with 100% accuracy and has won the client’s trust, prompting the client to allocate further duties.