Accounting & Finance

To manage an organization effectively, senior executives and boards of directors must have access to timely and accurate financial information, which has traditionally been provided by internal accounting/finance departments. Increasingly, however, organizations recognize that outsourcing some or all of this responsibility can be a more cost-effective solution that can actually result in improved service and quality of information.

A traditional internal accounting and finance department involves not only hard costs such as salaries and benefits, but also requires costs for office space, hardware, software, training and other forms of overhead expenses. In addition, organizations expend significant costs hiring, retaining and managing personnel.

The preparation and maintenance of accurate and meaningful financial data should be a hassle-free support function that provides executives and the board of directors with useful and timely information. Veris provides you with this and more.

We can provide full or partial outsourcing on- or off-site, and we can provide temporary support as needed. Our professionals have extensive experience serving a wide range of organizations that vary in size, nature and complexity.

Veris has the capacity to handle many if not all of your financial management and accounting needs. We will evaluate the costs and benefits of outsourcing these needs for your organization. As part of that evaluation, we will analyze your current accounting and financial reporting operations and identify the potential for cost-effective alternatives.

The hiring and maintenance of qualified internal accounting resources involves continually increasing costs, as well as long-term uncertainties. By outsourcing to Veris our clients are relieved of the burdensome responsibility of hiring and supervising these internal resources and are assured of the long-term stability of those resources.

Our clients only pay for the direct time incurred on their behalf. We absorb all non- production time such as sick and vacation leave, as well as training.

As a multi-faceted outsourcing firm, we offer a full scope of customized services to meet your needs:

General accounting services

• Preparation of tax returns and annual reports, such as personal property and sales & use
• Reconciliation of accounts, including preparation of bank reconciliations
• Preparation of financial analyses, including charts and graphs
• Preparation of financial statements
• Cash receipts processing and receivables management including invoicing
• Payroll processing
• Cash disbursement processing and payables management
• Meeting and conference registration processing

CFO services

• Monthly review of financial position with CEO
• Review and management of banking and investment relationships and services
• Cash management
• Establishment and documentation of policies and procedures
• Preparation of budgets and management of the budget cycle
• Presentations to board of directors and other governing bodies

Special project consulting services

• Due diligence for mergers and acquisitions
• Investment policy implementation and review
• Financial projections
• Lease vs. buy analysis