The international accounting industry is booming, driven by a confluence of factors including a rise in the demand for Tax Preparation, Book keeping and Payroll Management, increasing re requirements for financial transparency, tightening regulatory norms, and more. Technological advancements such as Cloud Accounting and Bookkeeping that facilitate real-time analysis of financial data are anticipated to drive the industry’s growth in the coming years. However, within this sector, there has been a historical trend towards preferring cost-effective solutions by service providers, which tends to compromise the quality of solutions.

Breaking through these practices and barriers is Navkar Consultancy Services (NCS) Global, the accounting services-focused arm of the prestigious Navkar Group, an Ahmedabad-based educational group founded by Hitesh Shah, Group CEO, and rooted in the pursuit of excellence in educating CA professionals. A venture which started from a single classroom and evolved into India’s most revered educational hub preparing students for rigorous examinations like the Indian CA, CS, CMA, and US CPA, CMA, and UK ACCA, it has extended into an international outsourced accounting consulting services organization in 2016.

Gamut of Services

NCS’s journey began when Australian CPAs, keen on collaborating with Indian CAs to gain support for accounting and compliance needs, reached out to Hitesh, opening doors to an exciting opportunity to bridge the talent gap in cross-border and global accounting needs. Though the venture was established to address a new market than what the Navkar Group had excelled in so far, it also presented the group a chance to bring its own unique touch, and outshine traditional outsourced accounting services firms.

NCS, from the beginning of its journey till now, remains steadfastly rooted in the foundational values of Navkar, which emphasize delivering high-quality outsourced accounting, taxation, financial planning, and mortgage services to clients worldwide. Blending its expertise in accounting with educational excellence, customised client solutions, and an unwavering commitment to ethics and integrity, the firm offers a comprehensive suite of services, with a keen focus on compliance. Leveraging advanced cloud-based accounting softwares and project management tools, the firm offers efficient accounting services across time zones, while maintaining transparency and quality.

Partnering with NCS Global goes beyond outsourcing accounting, it’s a strategic alliance that offers tailored solutions through innovative technology and international standards

“Our accounting professionals excel in their stream and possess technical capabilities and are nurtured with a strong ethical framework. We provide dedicated, highly trained virtual outsourced accountants who integrate seamlessly into the client’s team, offering consistent support and understanding of their unique financial requirements. Instead of a one-size-fits-all approach, we deliver customised accounting solutions that reflect an in-depth understanding of local and international standards. We are a strategic partner invested in driving success for our foreign-based clients through multiple financial accounting services”, shares Hitesh Shah, CEO, Navkar Group.

Future Roadmap

Starting with Australia, the company has paved a successful journey so far, expanding its presence across Canada and the USA as well. Committed to staying aligned with latest industry advancements, the firm implements proactive practices like continuous professional development in advanced accounting solutions, regular training sessions for its accounting experts, and investments in the latest accounting software and data security tools.

Building on its robust growth trajectory, the firm has big plans for the coming years, aimed at positioning itself as the global leader in digital outsourced accounting services, and assisting clients in leveraging AI and cloud accounting technologies such as xero, quick book, case ware and various other cloud software to enhance accounting and other financial operations. NCS also aims to nurture a diverse, global talent network that combines onshore, near shore, and offshore resources.

Moreover, NCS is planning the establishment of innovation hubs in key markets that encourage collaboration, experimentation, and rapid proto typing of new accounting service solutions. Through these measures, the firm aims to establish its position as an industry pioneer.