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Our Proud Customers

Services Offering For QSR

With a long-standing reputation as a trusted advisor to our clients, we offer broad spectrum of solutions in Finance and Accounting Outsourcing (FAO), Human Resource Outsourcing (HRO) and Digital Transformation Products to help them achieve high-performance business results and save upto 30% of operational cost.

We have tailor made solutions to meet the challenges & complexities of the industry.

Sales Reconciliation & Accounting

Daily sales reconciliation & tendor reconciliation
Reconciliation of sales with cash deposition & collections through credit card
Reconciliation with food aggregators
Tracking & Monitoring of scrap sales
Exception reporting & control over mis utilisation and pilferage of revenue by wrong tender selection, delay in deposition of cash
Monitoring over Credit card charges & commission
Sales and receipt accounting
MIS & reporting

Expense Accounting

Processing of PO & Non-PO based invoices
Validation of expenses
Tax compliance
Tracking, monitoring & processing of Rent/CAM and utility of stores
Controling and monitoring of the organisation guidelines and authority matrix
Exception report & spend analysis
Payment processing
Vendor reconciliation

Purchase Accounting

Validation and processing of material invoices
Entry of invoice (2 Way/3 Way Matching) in accounting system
Process compliance for GRN
Accounting of credit/debit notes for any short supply, return or price difference
Vendor reconciliation process
Tracking & monitoring of invoices
Exception report for deviation in GRN policy & consumption pattern
Vendor Reconciliation (Invoice level/SKU level)
Timely processing of payments

Petty Cash Management

Processing & validation of petty cash expenses at store level
Replenishment of cash at store level at predfined intervals
Monitoring & tracking of cash expenses to ensure stat compliance
Exception reporting for cash utilisation at store level
Store level spend analysis
Automation of cash management process

Inventory Audit

Periodical verification and reconciliation of inventory at store & warehouse
Cash audit at store level

Compliances

Front end and back end support
GST compliances
TDS & advance tax
Shops and establishment – Registrations and compliances
Contractual labour compliances
PF/ESI compliances

Store Audit

Maintaining brand consistency and standards across all stores
Ensuring all administrative and financial controls in place
Regular check of statutory licenses & displays applicable (FSSAI, Trade, S&E and Music)
Analyzing the areas of improvements in training & staffing
Ensuring that marketing initiatives are correctly implemented

Fixed Assets

Validation for creation of location ID and maintaining FA budget site-wise
Creation of assets ID in accounting system & FAR and CWIP to Capitalization
Track and maintain physical movement of assets in FAR
Depreciation accounting
Physical verification of assets at store

HR

Leave and attendance – Online tracking, shift roster & overtime
EIP – Employee information portal
Travel/expense processing
Payroll – Employee and manage self service

Why Mynd?

Mynd is an industry leader and one of the very few companies providing FAO (Finance & Accounting Outsourcing) and HRO (Human Resources Outsourcing) services under one roof. With a dedicated team to support each client’s requirements, we are serving various leading MNCs & Indian QSRs, Fine Dining Restaurants and other F&B outlets by providing them the luxury of comprehensive services at unmatched prices that bring down their operational costs.

Automate finance processes with scalable pricing model
Industry expertise & best practices
Tailor-made solutions to meet the industries challenges

Industry focused Accounting & HR solution
Enhanced process control, visibility & transparency
Cost reduction with technology intervention

Mynd Solution also has a gamut of IT products which when implemented digitally transform the Finance and HR process of your organization. Our digital transformation tools are designed to enhance the accuracy & efficiency of your process and make critical information available to you which helps you take better business decisions.

Some Of Our Digital Transformation Tools Are:

PEARL - Partner engagement And relationship tool. An accounts payable automation tool that takes care of your PR to payment process.

ACT - Active Compliance Tracking. A statutory compliance tracking tool that helps you manage your compliances at multiple levels such as act-wise and location-wise.

PCMS - Petty Cash Management System. A tool that helps you better manage your petty cash.

Strategic Outsourcing Partner

Wide range of Finance, HR, IT solutions & services offered under one roof
Consulting, process set up & transaction management experience
Process transformation services
Agile and Flexible solutions – Plug & play to highly customizable

Smart Governance

ISO 27001, SSAE 18 & ISAE 3402 certified operations
SSC Output & SLAs are devised keeping in mind business objectives
Project management approach is taken for transition and operations management
MISs designed to provide 100% process visibility to clients management team

Scalable Infrastructure

Global F&A delivery capability – Knowledge of IFRS, GAAPs, withholding taxes and other country-specific local laws
Knowledge and experience of working on multiple ERPs & reporting platforms
Relevant industry experience & knowledge base

Next Generation Capabilities

Enhancing value through integration of BPM technology (embedded features like OCR, WFM & DMS, etc.)
Usage of ‘Big Data’ analytics & reconciliation tools
Industry specific & focused solutions