In today’s fast-paced business environment, companies are seeking smarter ways to manage their financial operations. And they should be!
With increasing compliance burdens, evolving regulations, and pressure to maintain agility, many businesses are turning to the expertise of external finance specialists, powered by WOFR’s Managed Services as a strategic solution. At WOFR, our approach to managed services is built to empower all kinds of business operations, startups, SMEs, MNCs, or be it the growing firms, by taking over complex finance and accounting functions with unmatched precision and professionalism.
What Is a Managed Service in Finance?
A managed service refers to a virtual finance team or external experts for a specific business function… Such as fund accounting, payroll or compliance, particularly to a specialized third-party provider. This provider takes full ownership of the function, delivering outcomes through clearly defined SLAs (Service-Level Agreements).
Let’s take a deep dive…
To give you a bit more insight, WOFR’s Managed Services revolves around the following features:
Maintaining timely and accurate books of accounts:
Via our Managed Services, the experts at WOFR ensure every transaction… Whether it’s an expense claim, vendor invoice, or bank receipt, it is recorded promptly and correctly. We reconcile ledgers daily, manage intercompany entries and handle month-end close activities so your general ledger is always up to date!
Delivering timely MIS reporting to management and investors:
It is all about compiling and presenting key performance indicators in clear, customizable dashboards!
From weekly cash-flow updates to monthly P&L analyses and quarterly investor packs, you get the right data, when you need it and when you want to drive strategic decisions and build stakeholder confidence!
Implementing controls over financial reporting:
From record-to-report and procure-to-pay to hire-to-retire and period close, so you’re always diligence-ready!
Financial statement preparation and audit support:
We draft GAAP/IFRS/Ind AS-compliant financial statements: complete with disclosures, notes, and management commentary… To say it precisely, we handle the groundwork so your audit runs smoothly and finishes on time.
In the context of financial reporting and accounting, managed services can include a comprehensive range of solutions:
- Preparation of financial statements\
- GAAP/IFRS/Ind AS compliance
- Periodic MIS reports and reconciliations
- Regulatory and statutory compliance filings
Why It Works:
- Cost Efficiency – Reduces the need for large in-house teams
- Expertise on Demand – Access to specialized professionals with deep domain knowledge
- Scalability – Effortless upscaling during audits, IPO readiness, or M&A events
- Tech Advantage – Business operations get access to automation in tools and accounting platforms
- Compliance & Risk Reduction – Regular updates and adherence to evolving regulations
End-to-End Financial Management
At WOFR, we offer a hands-on, full-spectrum Managed Services suite tailored for businesses that want to offload their day-to-day finance functions and focus on growth. Our core offerings include:
Bookkeeping & Accounting
- Accurate financial record-keeping, transaction tracking, and end-to-end compliance assistance.
Financial Analysis
- Periodic dashboards and insights that empower informed strategic decisions.
Payroll & Tax Compliance
- End-to-end payroll support – from onboarding to tax filings and statutory compliance.
Comprehensive Support
- From MIS reporting and reconciliation to financial compliance, we offer complete downstream support.
- By working with WoFR, your teams gain the bandwidth to focus on innovation and core operations… And not just the spreadsheets.
Managed Fund Accounting: Designed for Asset Managers
Fund managers today operate in a complex environment where accuracy, transparency and timeliness are paramount. Managed Fund Accounting is that specialized branch where we, at WOFR, take over the entire accounting workflow for fund entities, from day-to-day operations to audit preparation!
Our services include:
- NAV (Net Asset Value) calculation
- Portfolio reconciliation and valuation
- Investor allocations and quarterly reports
- Multi-currency, multi-entity accounting
- Financial statements under IFRS, Ind AS, or US GAAP
- Compliance with REITs, AIFs, open/closed-end fund structures
- Audit support and data coordination
Who Benefits?
- Private equity and venture capital firms
- Hedge funds and mutual funds
- Family offices
- Institutional asset managers
Let’s take a look at the Key Benefits of Managed Fund Accounting:
- Enhanced Investor Confidence: Reliable NAV and reporting build trust
- Streamlined Operations: Automated workflows reduce manual effort
- Risk Mitigation: Robust controls minimize regulatory exposure
- Rapid Fund Launch: Scalable processes accelerate new fund setups
- Independent Validation: Third-party NAV calculation ensures objectivity
Let WOFR Manage It for You
Our Managed Services suite is not just about outsourcing – it’s about outcomes. Whether you’re a startup battling with compliance or a fund house seeking institutional-grade reporting, WOFR offers tailor-made solutions that let you scale with confidence, adding strength to the finance backbone of the operations.
We believe financial reporting should be a driver of decision-making, not a bottleneck! That’s why our team of experienced professionals blends technical rigor with technology-backed execution to bring you clarity, control, and compliance.
Let us manage your numbers, so you can focus on the bigger picture!
