Managed Services for Finance, HR & Compliance: Your Complete Back-Office Solution
Managed services means partnering with MYND to handle your entire Finance & Accounting, HR Operations, Payroll, and Compliance functions—from day-to-day transaction processing to strategic reporting and regulatory adherence. We become your dedicated back-office team, delivering expert execution while you focus on core business growth.
Think beyond traditional outsourcing. Managed services isn't just offloading tasks—it's gaining a strategic partner who takes complete ownership of outcomes, leverages proprietary technology for efficiency, and scales seamlessly as your business grows across geographies and complexity.
What MYND Manages for You
- Accounts Payable & Receivable Processing
- Multi-Country Payroll (150+ Countries)
- General Ledger & Financial Reporting
- GST, TDS & Tax Compliance
- PF-ESI & Labor Law Compliance
- Employee Onboarding & Benefits
- Statutory Audits & Secretarial Services
Why Growing Businesses Struggle with Finance, HR & Compliance Operations
As companies expand from 50 to 500+ employees, open new locations, or enter new markets, back-office complexity grows exponentially. What worked at startup scale becomes a bottleneck that limits growth.
Hiring & Retention Challenges
Finding qualified finance and HR professionals is expensive and time-consuming. High turnover disrupts operations, and knowledge loss creates risks. Training new hires takes 3-6 months before they're productive, during which errors spike.
Rising Operational Costs
Each new location requires dedicated finance and HR staff. Salaries, benefits, infrastructure, and software licenses add up quickly. By the time you reach 10+ locations, back-office costs consume 15-20% of revenue—far above industry benchmarks.
Manual Process Inefficiencies
Invoice processing takes 5-7 days, payroll requires week-long efforts, and month-end closing stretches 15+ days. Manual data entry causes errors, duplicate payments, and reconciliation nightmares. Your team spends 70% of time on transactions, just 30% on analysis.
Compliance Complexity
Multi-state operations mean tracking dozens of different labor laws, tax regulations, and statutory requirements. Missed GST deadlines, incorrect PF calculations, or late TDS payments result in penalties, interest charges, and audit risks that damage your reputation.
The Managed Services Solution
Instead of building and managing these functions internally, partner with specialists who already have the infrastructure, technology, and expertise. MYND's managed services eliminate hiring challenges, reduce costs by 30-40%, automate 80% of manual work, and ensure 100% compliance—allowing your leadership team to focus on strategic growth initiatives rather than operational firefighting.
Traditional Fragmented Approach vs. MYND's Integrated Managed Services
Most companies cobble together multiple vendors for Finance, HR, and Compliance—creating data silos, coordination nightmares, and zero visibility. MYND's integrated ecosystem changes everything.
Traditional Fragmented Model
Multiple vendors, disconnected systems, constant coordination
Vendor Juggling
One vendor for accounting, another for payroll, third for compliance. Each has separate contracts, invoices, and escalation processes. You become the integration layer.
Data Silos
Employee data in HR system doesn't sync with payroll. Vendor payments in AP don't connect to expense management. Manual exports and imports create version control nightmares.
Hidden Costs
Each vendor charges separately. Integration costs pile up. Your team spends 20-30 hours monthly just coordinating between providers, reconciling discrepancies, and generating consolidated reports.
Limited Visibility
No single dashboard shows complete back-office health. AP aging, payroll accuracy, and compliance status live in separate portals. Month-end reporting becomes a multi-week reconciliation exercise.
MYND Integrated Ecosystem
One partner, unified platform, complete visibility
Single Partnership
MYND handles Finance, HR, Payroll, and Compliance under one engagement. Single point of contact, unified SLAs, integrated delivery teams. We own the coordination internally.
Unified Data Flow
Employee onboarding triggers payroll setup automatically. Vendor invoices flow through AP with expense categorization. All data lives in one ecosystem with real-time synchronization across functions.
Transparent Pricing
One consolidated invoice covering all services. Volume-based pricing scales with your business. No hidden integration fees. Modular approach lets you start with one function and add others as needed.
Complete Visibility
Control Tower dashboard shows entire back-office at a glance. Track AP/AR aging, payroll accuracy, compliance deadlines, and process SLAs in real-time. Generate custom reports instantly without vendor coordination.
Comprehensive Managed Services Across Your Entire Back-Office
MYND handles every aspect of Finance & Accounting, HR Operations, Payroll, and Compliance—from routine transactions to strategic reporting. Here's exactly what we manage for you.
Finance & Accounting Services
Complete ownership of your accounting operations—from invoice processing and vendor payments to financial closing and management reporting.
View Finance ServicesAccounts Payable
Invoice capture, vendor master management, 3-way matching, payment processing, and vendor reconciliation. Automated approval workflows reduce processing time from days to hours.
Accounts Receivable
Customer billing, payment application, collections management, aging analysis, and credit limit monitoring. Reduce DSO by 20-30% with proactive collections.
General Ledger
Chart of accounts maintenance, journal entries, account reconciliations, inter-company transactions, and trial balance preparation. Clean books ready for audit.
Financial Reporting
P&L statements, balance sheets, cash flow analysis, management dashboards, and custom reports. Month-end closing completed in 5 business days vs. 15+ days in-house.
Fixed Asset Management
Asset registration, depreciation calculation, disposal tracking, physical verification, and fixed asset register maintenance per Companies Act requirements.
Expense Management
Employee expense policy enforcement, receipt validation, approval workflows, reimbursement processing, and spend analytics by category, department, and location.
HR & Payroll Services
End-to-end human resource management and multi-country payroll processing—covering 150+ countries with local compliance expertise.
View HR ServicesPayroll Processing
Salary calculations, statutory deductions (PF, ESI, PT, TDS), bonus/incentive processing, final settlements, and digital payslip distribution. 99%+ accuracy across 6M+ annual payslips.
Onboarding & Offboarding
Document verification, background checks, offer letter generation, joining formalities, exit interviews, full & final settlement, and experience certificate issuance.
Leave & Attendance
Biometric integration, shift management, leave balance tracking, overtime calculation, comp-off administration, and attendance regularization workflows.
Benefits Administration
Health insurance enrollment, gratuity calculations, provident fund management, employee loans, reimbursements, and perks/allowance tracking.
Employee Self-Service
MYNDX HRMS portal for payslip download, tax declarations, leave applications, investment proofs, reimbursement claims, and profile updates—reducing HR queries by 60%.
Multi-Country Payroll
Payroll processing across 150+ countries with local currency, tax regulations, social security, and labor law compliance. Unified reporting across all geographies.
Compliance Services
Comprehensive regulatory compliance management across tax, labor laws, and statutory requirements—ensuring zero penalties and audit readiness.
View Compliance ServicesGST Compliance
GSTR-1, GSTR-3B, GSTR-9 filing, input credit reconciliation, e-invoicing, e-way bill generation, GST audit support, and notice management across all states.
TDS Management
TDS computation, quarterly TDS returns (24Q, 26Q, 27Q), Form 16/16A issuance, TDS payments, lower deduction certificates, and TDS reconciliation.
PF-ESI Compliance
Monthly PF-ESI remittances, ECR filing, UAN activation, provident fund claims, pension scheme administration, and ESI dispensary coordination.
Labor Law Compliance
Contract Labor Act, Shops & Establishments, Professional Tax, LWF, minimum wages, bonus calculations, gratuity, and maternity benefits per state-specific regulations.
Statutory Audits
Internal audits, statutory audit coordination, books of accounts preparation, audit query resolution, and management letter responses.
Company Secretarial
Board meeting minutes, AGM/EGM compliance, ROC filings (MGT, AOC, DIR), DIN/DSC management, share capital maintenance, and MCA annual returns.
How MYNDX Technology Elevates Managed Services
Traditional BPO providers rely on manual labor and legacy systems. MYND combines expert teams with proprietary AI-powered platforms—delivering 80% touchless processing, real-time visibility, and continuous optimization that manual operations simply cannot achieve.
Intelligent Automation
AI-powered invoice processing with OCR extraction, automated 3-way matching, smart vendor recognition, ML-driven expense categorization, and robotic payroll calculations. Reduces manual effort by 80% while improving accuracy to 99%+.
Real-Time Dashboards
Control Tower provides live visibility into AP aging, AR collections, payroll accuracy, compliance deadlines, SLA performance, and exception management. Generate custom reports instantly without waiting for month-end closures.
Seamless Integration
API-first architecture connects with SAP, Oracle Financials, Workday, Zoho, Tally, QuickBooks, and 50+ ERP/HRMS platforms. Real-time bi-directional data sync eliminates manual exports, imports, and reconciliation headaches.
Meet MYNDX: Our Technology Business
MYNDX is the technology backbone powering MYND's managed services. From intelligent invoice processing and automated payroll calculations to compliance tracking and predictive analytics—MYNDX transforms traditional back-office operations into a strategic asset that drives business decisions.
Explore MYNDXYour Journey to Managed Services: From Assessment to Optimization
MYND's proven implementation methodology minimizes disruption while maximizing results. We've successfully onboarded 1,000+ enterprises using this phased approach—typically going live within 6-12 weeks.
Assess & Diagnose
Comprehensive audit of current Finance, HR, and Compliance operations. We identify bottlenecks, analyze process maturity, document pain points, and create a detailed gap analysis with prioritized recommendations.
Design & Build
Assign industry-specialized teams, design customized workflows, configure MYNDX platform, establish approval hierarchies, define SLAs, and create comprehensive process documentation tailored to your business model.
Deploy & Operate
Phased rollout starting with pilot location or function. Parallel runs ensure accuracy, knowledge transfer sessions train your team, and Control Tower goes live with real-time monitoring and 24/5 support desk.
Monitor & Optimize
Continuous improvement through data analytics. Track KPIs, conduct quarterly business reviews, identify automation opportunities, refine processes, and enhance technology capabilities aligned with your evolving needs.
Ready to start your transformation? Schedule a free consultation to discuss your specific requirements and get a customized implementation roadmap.
Managed Services Tailored to Your Industry
22 years serving 30+ industries means we understand sector-specific compliance requirements, seasonal patterns, and operational nuances. Our specialized teams deliver solutions designed for your business reality.
QSR & Restaurant Chains
Multi-location complexity with high-volume transactions, franchise accounting, store-level P&Ls, and frontline workforce management.
- Daily sales reconciliation per outlet
- Centralized AP/AR for 100+ locations
- High-turnover payroll management
- GST compliance across all states
Retail & E-commerce
Seasonal demand fluctuations, inventory accounting integration, marketplace reconciliation, and omnichannel operations support.
- Marketplace payment reconciliation
- Seasonal workforce scaling
- Inventory-linked GL accounting
- E-way bill & GST automation
Healthcare Providers
Complex compliance requirements, clinical staff credentialing, insurance billing, and patient data privacy considerations.
- Medical staff payroll with allowances
- Biomedical Waste Management compliance
- Insurance claim reconciliation
- Clinical Establishment Act adherence
Manufacturing
Job costing, WIP accounting, vendor management for raw materials, factory worker compliance, and excise duty handling.
- Job work & excise compliance
- Factory Act & CLRA management
- Shift-based payroll processing
- Vendor payment term optimization
Telecom & Technology
Project-based accounting, deferred revenue recognition, multi-entity consolidation, and skilled workforce management.
- Project-wise P&L tracking
- Revenue recognition automation
- Technical talent payroll complexity
- Multi-entity consolidation
Professional Services
Time & billing integration, partner compensation, project profitability tracking, and consultant expense management.
- Time-sheet based billing
- Client-wise profitability analysis
- Consultant reimbursements
- Partner draw & K-1 support
Measurable Business Impact from Managed Services
Numbers don't lie. Here's what our clients achieve when they transition to MYND's managed services—from cost savings and efficiency gains to compliance excellence and strategic capacity.
Lower operational costs vs. maintaining in-house teams including salaries, infrastructure, software licenses, and training expenses.
Invoice processing reduced from 5-7 days to 1-2 days. Month-end closing completed in 5 days vs. 15+ days previously.
Touchless processing for standard transactions through AI-powered automation, eliminating manual data entry and errors.
Near-perfect accuracy in payroll processing, invoice matching, and compliance filings—virtually eliminating costly errors and rework.
Zero missed statutory deadlines, complete audit readiness, and full adherence to GST, labor laws, and company regulations.
Positive return on investment within first 3-6 months through immediate cost savings and efficiency gains.
"MYND centralized and automated the payroll integrating with our existing ERP that eased all our lives. We saved cost, reduced human intervention and enhanced employee satisfaction."
Ready to Transform Your Back-Office Operations?
Join 1,000+ enterprises who have eliminated operational headaches, reduced costs by 30-40%, and achieved 100% compliance through MYND's integrated managed services. Let's discuss your specific requirements and create a customized roadmap for success.
