Finance & Accounting

Finance & Accounting

: We provide end-to-end finance and accounting outsourcing services including accounts payable, accounts receivable, general accounting, and more.

Note: Let the Power of Automation and Nearshoring Transform Your Back Office and Lower Your Risk

Fast-Track Your Journey to a Modern Finance and Accounting Function with Promantis

In today’s macroeconomic climate, finance leaders face continued pressure to reduce costs, accelerate digital transformation, and improve productivity and agility… all while charting their organization’s strategic growth path and mitigating risks.

To solve these challenges, forward-thinking in turn to Promantis for finance and accounting outsourcing solutions that go beyond labor arbitrage – delivering the business knowledge and finance transformation experience to modernize their organization and accelerate their path to peak performance.

Promantis end-to-end outsourced finance and accounting services provide the ideal combination of best-in-class talent, nearshore service delivery, and cutting-edge technology to transform your finance department into the true business partner your larger organization needs.

We do more than keep the lights on. Our unique perspective as experienced advisors, former industry operators, and hands-on BPO providers delivers the strategic insights and best practices that are essential as CFOs increasingly look to optimize upstream F&A functions alongside routine tasks.

We bring the knowledge and tools to strategically apply cutting-edge innovations like automation, AI, machine learning, and analytics to elevate cash forecasting models, decrease time and expense, catch fraud, reduce errors, and more. We also leverage emerging solutions like Open AI ChatGPT to continuously improve our finance and accounting services.

Our proven migration methodology ensures your accounting services are transitioned with the highest-quality standards, including robust documentation that standardizes workflows. We implement stringent internal controls to make sure our teams operate safely, efficiently, and with audit readiness, including a robust SOX controls environment for public companies.

Finally, we help you combat rising labor costs and hiring challenges in the U.S., without sacrificing performance. Located in top nearshore markets like Colombia and Costa Rica, our global delivery center’s offer quick access to highly educated finance talent with outstanding English proficiency, time zone compatibility, and a long history of supporting U.S. companies.

The finance department will always be responsible for back-office tasks like paying vendors, billing customers, and closing the books on time. Outsourced finance and accounting with Promantis let you focus on strategy and growth while we deliver peak performance in your back office.

Note: 66% of finance organizations are incorporating a hybrid operating model to make finance more agile and resilient.

Promantis Finance and Accounting Outsourcing Services:

Accounts Payable:
  • Vendor Master Maintenance
  • Invoice Processing
  • Vendor Inquiries
  • Three Way Match and Exception Handling
  • Travel & Expense (T&E) Administration
  • Vendor Reconciliations
  • AP Period-end Reporting & Closing Activities
  • Procurement Help Desk
  • PO & PR Administration
Accounts Receivable:
  • Customer, Pricing, & Items Master Maintenance
  • Sales Order Processing
  • Billing & Collections
  • Cash Application
  • Deductions Management
  • Revenue Recognition
  • Reconciliations & Period Closing Process
General Accounting:
  • Chart of Accounts Maintenance
  • Journal Entry Processing
  • Accruals & Allocations
  • Balance Sheet Account Reconciliations
  • Bank Reconciliations
  • Fixed Assets Management
  • Management & Financial Reporting
  • Payroll Accounting
  • Period Close Processing
  • Financial Statements Consolidations
  • Operational Audit Support
  • Accounting Process Documentation, Process Maps, & Risk and Control Matrices
FP&A – Financial Planning & Analysis:
  • CAPEX (Capital Expenditure) & Project Accounting
  • Financial Reporting
  • Balance Sheet & P&L Variance Analysis
Business Intelligence:
  • Operational Performance
  • Revenue Analysis
  • Collections Dashboards
Process Automation:
  • Intelligent Data Capture
  • Robotics Process Automation
  • Workflow Automation
  • Period-End Close Task List Automation
  • Automated Account Reconciliations
  • Collaboration & Knowledge Management
  • Automated Ticketing Solution for Vendor & Customer Inquiries