Solutions for IT Companies

Eris provides variety of services to IT Companies operating in the field of software development, backoffice services, IT Enabled services, ERP Implementations and IT Infrastructral solutions.

IT Companies are faced with challenges of different dimensions arising out of the appreciation of the rupee, levy of service tax on Information Technology Software Services effective May 16, 2008, stricter regime of transfer pricing provisions and the possible withdrawal of the tax holiday under the Income tax Act as of March 31, 2010. The need for a stricter control on expenses and to follow the budgetary system is being felt by most IT Companies.

Eris provides structured solutions to help IT Companies to cut down their wasteful expenditure, manage costs and thereby achieve higher margin and improve the bottom line. We have a proven expertise of having handled IT Companies in the CFO level and our clientele includes more than twenty IT clients. We can completely handle the Finance & Accounting function for IT Companies on an outsourced model or work with the existing infrastructure. Our clients have been able to derive considerable mileage out of our proven expertise in introduction of profit monitoring systems and cost cutting programs.

Some of the specific solutions that we offer to IT Companies include:

• Business Process Definition, Implementation and Management
• IT Product Portfolio Management
• Introduction of budgetary and profit monitoring systems to plan, monitor and correct performance to achieve pre-set goals
• Implementation of project management methodologies
• Complete statutory compliance including those related to STPI, RBI and FEMA
• Obtaining refund of VAT and Service Tax
• Assistance in handling income tax issues related to transfer pricing, ESOPs, etc.
• Deciding on the right corporate structure for the Indian Operations of MNCs, vis-à-vis Indian Branches, Subsidiaries, etc.
• Assistance in taking forward covers for foreign receivables and payables
• Tax planning for the Company and the Executives including ESOP related planning