Comprehensive Accounting and
Financial Management Services

Comprehensive Accounting and
Financial Management Services

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Overview

With over twenty-five years of experience, BSMART provides accurate and reliable management of transactions, reconciliations, consolidations, and other financial tasks. By choosing our account outsourcing services, businesses can save in costs that would otherwise be expended on maintaining an in-house accounting department.

We offer access to skilled professionals, advanced technology, and infrastructure, ensuring efficiency and accuracy in accounting and bookkeeping processes. These activities may appear routine, but they require qualified and experienced human capital to handle intricate tasks effectively while maintaining data security, confidentiality, and GDPR compliance.

By partnering with BSMART’s account outsourcing services, companies can reduce compliance risks, make informed business decisions, and allocate their internal resources more effectively, ultimately driving productivity and financial well-being.

Smart Offerings

Wide range of tasks to assist companies in managing their finance functions effectively, SmartSource’s service offerings include:

Virtual CFO Services

Access the expertise of a Chief Financial Officer on a virtual basis, guiding your financial strategy, planning, and execution for sustainable business success.

Management & Financial Accounting

Gain insights into your company’s financial health and performance through detailed analysis and reporting, enabling informed decision-making.

Automation & MIS Reporting

Our powerful combination of Management Information Systems (MIS) & Automation services provides insightful data & clear visibility into your operations, allowing you to make informed decisions.

Book-Keeping Services

Ensure meticulous recording and organization of financial transactions to maintain accurate and up-to-date financial records.

Make The Smart Choice, Catalyse Business Success

Which of the SmartSource™ services would you like to opt for?

Benefits

SmartSource offers several benefits to companies in UK that choose to partner with them for their accounting services.

Cost Savings

GDPR-Compliant Services

Expertise with UK Laws and Software

Access to a qualified talent pool

Access to state-of-the-art infrastructure

Expert guidance and consultation

Smart Financial Health Check-up (SFHC)

25 Years of Expertise

Exceptional Security & GDPR Compliance

Our Commitment To Data Security

Cloud-Based Solutions

We operate exclusively on cloud-based platforms, utilising the most advanced and secure accounting software. This ensures that all personal information is handled securely without the need for local storage or personal software.

Robust Security Measures

Our security infrastructure includes state-of-the-art systems to prevent unauthorised access, data breaches, and misuse. We employ encryption for data, strict access controls, and regular security audits to ensure ongoing protection of sensitive information.

Organisational Safeguards

We have implemented comprehensive organisational policies and procedures to safeguard personal data. This includes regular staff training on data protection and privacy practices, ensuring that our team is fully aware of their responsibilities in maintaining data security.

GDPR Compliance

As a firm dealing with personal data in the UK, we are fully committed to complying with the General Data Protection Regulation (GDPR). Our compliance strategy includes:

Data Mapping & Inventory

We carefully identify and map the flow of all personal data we collect, store, and process on behalf of our clients. This includes names, addresses, tax information, salary details, etc.

Lawful Basis For Processing

We ensure that all data processing activities are justified under GDPR, whether for contractual necessity, legal obligations, or legitimate interests. Explicit consent is obtained for any processing beyond these grounds.

Data Retention

We define clear data retention policies to ensure personal data is only kept as long as necessary.

By choosing BSMART, you can be confident that your data is protected by cutting-edge security measures and handled in compliance with GDPR regulations. Our goal is to provide you with peace of mind, knowing that your clients’ information is in safe hands.

Success Stories

Cost Savings and
Efficient Service

A SmartSource client saved 42% in accounting fees, benefiting from improved and efficient service delivery.

Timely Compliance and
Penalty Avoidance

SmartSource ensured daily updates of accounting data for a client, enabling timely statutory compliance and avoiding penalties.

Cost Reduction and
Enhanced Branding

A client saved £300K annually by transitioning from a leased office to a serviced office in a better location, reducing costs and improving employer branding.

Negotiation for
Cost Savings

SmartSource’s astute negotiations reduced operational costs by up to 25% for a client, covering major leases, compensation.

Improved Communication
and Knowledge Sharing

SmartSource implemented an online approach to client communications, facilitating more sustainable knowledge sharing and enhancing client interactions.

Availability for
Urgent Client Needs

SmartSource demonstrated responsiveness by being available to assist clients with urgent needs, ensuring timely support.

Process Definition and
Dependency Reduction

Through the implementation of Standard Operating Procedures (SOPs), SmartSource helped clients reduce dependency on individuals and become more process-defined.

VAT Payment Plan
Negotiation

SmartSource negotiated a VAT payment plan with HMRC, improving cash flow and avoiding penalties for clients

MIS
Reporting

Thanks to our accurate MIS reporting, the client could make informed financial decisions, leading to improved financial planning.