RuBik Solutions: Assisting Businesses with End-to-End, Cost-Effective & Customized Accounting Solutions

Abhinav Gupta,Partner & Head - Global Deliver Centre

Abhinav Gupta, Partner & Head - Global Deliver Centre

Lack of experience and control of books of accounts are the major reasons for the downfall of startups and SMEs. Due to their limited capital, they are unable to establish an in-house accounting department. Also, the sudden exits of part-time accountants in the middle of the year often leaves them in a fix. Enabling such entrepreneurs to fully concentrate on their core operations by offering end-to-end accounting solutions based on their business requirements is RuBik Solutions. This fully dedicated team of accounting outsourcing service provider takes the complete responsibility of managing the back office operations, leaving the owners to focus on their core business functionalities. “We provide services based on clients’ needs, which add value to their business, are scalable and cost effective. We aid our clients who are new in business with the consultation of how to best manage finances of their business and also personal savings," interprets Abhinav Gupta, Partner & Head - Global Deliver Centre, RuBik Solutions, who in his previous avatar was associated with Big-4 consulting firms for more
than a decade across India, UK and U.S.

Data Secured & Cost-Effective Solutions
Leveraging technology to its best, RuBik provides software application to its clients with quick access to their financial data on a real-time basis. Being an organization of dedicated accountants, RuBik is well known for its best-in-class accounting outsourcing services like Accounting and Book Closure. It provides end-to-end book-keeping and recording of all financial transaction of the company, which includes maintenance of books of account, procure to pay, reconciliations and many more. Besides, it also deals with payroll calculation and compliance services, including monthly payroll processing, employee reimbursement processing, EPF liability, GST filing, TDS return and company secretarial support for Indian companies.

"Outsourcing to RuBik Solutions is not only cost effective for international firms but also extends the standard daily working hours"

Such pre-eminent services have enabled RuBik not only to serve clients in India, but across the globe, including U.S. & UK. RuBik’s Global Delivery Centre (GDC) team helps international accounting firms to outsource their routine accounting, auditing and advisory tasks. “Outsourcing to RuBik Solutions is not only cost effective for international firms, but also extends the standard daily working hours. Above all, there is no compromise on quality of deliverables and confidentiality,” asserts Abhinav.
With a team of 30 full-time professionals across domestic and international practices, RuBik operates out of three offices in New Delhi. While most outsourcing service providers work on managing the accounts unit of their customers, RuBik follows a unique process flow from Proposal & Pre-Engagement to Contracting & Documentation, followed by Data Migration and finally to Operations that ensures robust compliance with applicable regulations and works with clearly defined Service Level Agreements, TAT matrix and no last minute surprises. Keeping security and data confidentiality as the No. 1 priority, RuBik has taken several important steps to ensure data security. These include, installing Linux firewall on workstations and laptops system with limited access to internet, biometric access to office premises, blockage of USB ports, 24/7 active CCTV cameras and the policy of no mobile phones on the work floor.

Looking at the difficulties faced by smaller organizations in managing their bills for expenses and invoices, RuBik is in the early phase of developing its own invoice management tool and mobile app that will enable clients for one click capture & upload of the bills that will be further accessed and processed by RuBik’s team. With an aim to tap the international market with its commendable offerings and focus to work with the small to medium size companies who don’t have large financial department in India, RuBik is currently working with a software application which will make accounting and bookkeeping easier task.