One of the cornerstones of every business is the availability of up-to-date accounting information. But setting up an accounting division, recruiting and training bookkeeping staff is an expensive proposition. Out-sourcing bookkeeping services to a professional firm is one way to have your cake and eat it too ­ have fully trained staff working on your accounts at a fraction of the normal costs.

Corient Business Solutions was established in 2011. As a Client (C) Oriented Company, they use
state-of-the-art (best-in-class) processes and the best people to provide tailor-made services to aid clients in focusing on the their business growth. Punit Jain, Director says, "Corient aims at providing quality services to the SME segment because it is one of the most underserved sectors. We provide them with services similar to those provided to large firms using the experience we have gained working with large organizations. Along with financial ac-counts and back-office services, we have an IT arm which forms an integral part of our organization. We are able to offer end-to-end services to our clients by using all three of these pillars."

Corient Business Solutions offers services under three verticals ­ Accounting and Back

Office Services, Business Transformation and IT with Core Focus on Finance and Accounting. The verticals include services like Transaction Accounting, Bank Reconciliation, Payroll, Filing Returns, and VAT Returns. The company consider Management Reporting and Analytics as their USP. The Business Transformation vertical helps clients to develop Standard Operating Processes, streamline processes, eliminate non-value adding processes, develop internal control framework and develop IT Applications to automate processes.

The company has realized that one of the challenges faced by small and medium business owners is maintaining books on a real-time basis. Even though several business owners have their own bookkeeping teams, they lack the necessary skills to help them understand and convert numbers into a growth plan. Corient has developed an ecosystem which helps SMEs to maintain accounts in real time and provide Management Reporting and Analytics. Other ancillary services such as back-office operations, data mining and software development support business growth.

Corient stands for Client (C) Oriented Company, our people work with state-of-the-art (best-in-class) processes and technology to provide tailor-made services to meet the requirements of the clients and help them focus on the business growth

"Corient is headquartered in UK with offices in India and USA. Corient has clients in UK, USA, Ireland, Northern Ireland, India and Singapore. The company is ISO 27001 and Cyber Essential Certified, which enables the company to ensure the data of clients is secured and safe. Corient has also developed several applications and platforms such as Xinowa (Accounting BOT), BillMyTask Platform for Temp Staffing Agencies, E2E Accounting for Micro SMEs which helps to make the entire accounting and back office process efficient.

Our own team members are regularly upskilled and during Covid times, we have launched an online learning management system to ensure all team members are upto date in their learning journey. Corient also runs a leadership development program for tenured staff so that we have homegrown leaders. We expect Corient to become the go-to service provider for all of our clients' needs", concludes Punit.