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

Business Performance Evaluation
An Innovative approach to business operations, the Business performance Evaluation, shortly known as BPE is a report addressing health check of a company.

The process of BPE essentially begins with identifying the parameters of evaluation. Though businesses can be clustered under a single domain, internally they have their own uniqueness with variable objectives and intensity of needs. Accepting the novelty of this phenomenon we begin with identifying the Critical Success Factors (CSFs) and the key performance Indicators (KPIs) of your business.
Keeping the Critical Success Factors (CSFs)and the Key Performance Indicators (KPIs) as the value determining components we construe a MIS dash board with

1. Performance Bench marking
2. Cost Reduction Opportunities
3. Business Impact Analysis

The values derived from the existing business process are mapped with the best and proven practices in the industry. Information is the key to decision making. If KPI’s and CSF’s can be aligned to the overall objective of the company and the areas of process improvements can be identified with focus for cost reduction.BPE clearly indicates areas that need attention, that need improvisation, in terms of their criticality. Precisely called as, Performance Bench Marking, the process brings in a new momentum of energy into areas whose performance needs to be stepped up. Bench marking with industry standards can held them leap to the next level.The other critical benefit BPE can draw would be identifying areas where Cost Reduction is possible. This Sharply indicates that some functions or sets of functions can be performed at a lesser cost by optimizing the utilization of resources while retaining the intended outcome. Further Business Impact Analysis is done for identifying critical and high risk areas and other vulnerable areas that can be rated at the next highest levels as important and moderate. BPE provides quantified risk assessment results which can in turn help us focus on more discerning issues and factors that impact change.