Treasury Services
The volume of business in term of number has gone up substantially during last one decade which has correspondingly increase banking transactions. Online banking has further increase the frequency of the transactions that has made banking more sensitive as a small error of one alphabet or a number can cost to the organization unimaginable loss. To overcome all such business risk and to save time of the management and executive staff for more economical activities, SRA has introduced such services to the clients. Advantage of treasury services are as under:-
- 100% transparency
- 100% accurate and timely payment to the vendors/staff and Intermediaries
- Maintenance of KYC of the vendor by default
- At source statutory compliance under various Acts - TDS/Service Tax/VAT etc.
- Online payment - Saving on account of maintenance of physical vouchers etc
- Independent access to bank account by the client
- Dedicated bank account of the client
- Saving on account of salary of accounts people.
- Optimum use of office space and work station
- Reconciliation of vendors accounts for audit and internal control
- Reply to the queries of the vendors and service providers
The above services are advisable for the clients those who has outsourced its accounting services / Payroll services to SRA.