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FAO services are
designed to include the most common administrative functions within an
organization. MGT offers a fully integrated financial outsourcing model
where an entire corporate office structure is replicated in both design
and process. MGT offers its own financial and accounting package which
provides significant cost savings to our customers. With our MGT hosted
services delivery model, our customers avoid the cost of hardware,
software and training that are a normal part of establishing an internal
accounting function. With MGT FAO, customers have access to all their
information on our network, as well as our team of financial analysts
who provide added value support for the decision maker. Our FAO services
offer our clients an average of 30-50% cost savings. In addition,
within our model, clients have the flexibility to choose between two
different methods of processing:
Co-Processing.
In this model,
the MGT team will split the work with your team by managing certain
parts of the financial process. For example, your team may wish to
handle billing and payables, while our team will handle bookkeeping,
cash application and financial reporting. Both teams work on the same
system within the MGT hosted services environment and all information is
transacted within the same system.
Full Processing.
In this
model, the MGT team will be responsible for all your financial and
accounting functions. However, our clients will still have full access
to their information whether directly through our financial application
access or through our customer business portal. In addition, with MGT
financial outsourcing services, our customers enjoy a full team of
financial analysts who can answer any financial question you might have.
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Accounting
and Bookkeeping |
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MGT offers full
charge bookkeeping and accounting services including general ledger,
month-end close and financial statement preparation and reporting. All
work is performed by professional accountants with extensive corporate
experience in both public and private sectors |
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Business and Income Tax |
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Customers managed by
our accounting team enjoy the benefits of a seamless business and income
tax preparation service. Our accounting and tax experts work directly
together on your account to make sure all tax related filings and forms
are both promptly and properly filed with the government. In addition,
our customers gain professional subject matter experts in the areas of
tax planning and advisory services. |
| Payroll
Processing and Tax filing |
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MGT offers payroll
processing and payroll tax filing services in all 50 states. Our
payroll service is fully integrated with all accounting functions
allowing for direct recording and reporting of payroll without manual
intervention. Our team will handle all payroll calculations, check
printing, ACH/Direct Deposit, W2 processing and periodic payroll tax
filing.
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Payable
Management |
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Similar to payroll
processing, MGT’s Accounts Payable team handles the entire vendor
payment and maintenance process including recording of invoices,
scheduling of payment, payment processing and year end 1099’s. |
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Billing and Cash
Application |
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At MGT, we recognize
that billing is one of the most critical and sensitive functions for an
organization. MGT offers its clients the flexibility to outsource their
billing process as well as their cash application function. Our staff
of professionals is committed to issuing your billing on time and
applying payments as soon as they are received. Our team will also work
closely with you to take advantage of cash management techniques that
will help you to reduce your collection cycle and increase your cash
flow. |
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Commercial
Collections and Credit |
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A key element to maintaining a healthy cash flow is making sure payments
from customers continue to flow in on a consistent basis. Clients opting
to use MGT’s Commercial Collections service enjoy the benefits of having
constant monitoring and evaluation of their accounts receivable and cash
flow status. Similar to any of our outsourcing functions, the commercial
collections team is fully integrated with the rest of our services for
each of our clients. MGT is a certified credit and collection agency
with over 30 years of experience in the credit and collections industry. |
