RENER Financial Management Services

Payroll Processing & Management:

• Monthly Salary Processing: Accurate computation of employee salaries including earnings, deductions, and compliance checks.
• Full & Final Settlement: Calculation of terminal dues such as notice pay, gratuity, bonus, and leave encashment.
• Incentive & Bonus Administration: Design, tracking, and disbursement of performance-linked pay components.
• Payroll Compliance & Audit: Regular internal audits to ensure legal and policy compliance.
• Statutory Deductions & Contributions: Timely PF, ESI, TDS, Professional Tax, and LWF calculations and filings.
• Payslip Generation & Distribution: Generation and digital distribution of payslips in compliance with data security standards.

Onboarding & Induction:

• Offer Letter Issuance & Document Collection: Preparing customized offer letters and collecting mandatory documents.
• Background Checks: Verifying employment history, education, and identity credentials of new hires.
• New Hire Orientation: Introduction to organizational values, policies, departments, and expectations.
• IT & Workspace Setup: Email ID creation, system access, asset allocation, and workspace readiness.
• Mentorship/Buddy Program: Assigning mentors to guide employees through initial days of employment.
• PF & ESI Registration: Ensuring new employees are enrolled in all applicable statutory schemes.

Employee Lifecycle Management:

• Attendance & Leave Administration: Centralized attendance tracking and leave request workflows.
• Performance Management: Facilitating KRAs, goal setting, appraisals, and performance feedback systems.
• Learning & Development: Coordinating internal and external training initiatives aligned with employee development goals.
• Promotion & Transfer Handling: Streamlining internal role changes, inter-departmental moves, and career progressions.
• Employee Grievance Redressal: Proactive grievance tracking, resolution, and documentation.
• Employee Data Management: Maintaining updated digital employee master records with secure access.

Offboarding & Exit Management:

• Notice Period Tracking & Communication: Coordinating formal exit timelines and communication protocols.
• Exit Interviews: Gathering structured feedback for organizational improvement.
• Asset & Clearance Management: Tracking return of company assets and completion of clearances.
• Relieving & Experience Letters: Timely issuance of legally compliant exit documentation.
• Statutory Formalities: Support for PF withdrawal, ESI closure, and applicable exit filings.

Compensation & Benefits Administration:

• Salary Structuring: Designing cost-effective and tax-optimized salary models.
• Employee Benefits: Managing group health, accidental, and life insurance schemes.
• Retirement Benefits: Overseeing Gratuity, Gratuity Insurance, PF, ESI and Superannuation schemes.
• Vendor Coordination: Working with insurance providers and other benefit facilitators.

HR Compliance & Advisory:

• HR Policy Development: Drafting, reviewing, and implementing custom HR policies and manuals.
• Labour Law Compliance: Support for Factories Act, Shops & Establishments Act, and other labour legislation.
• POSH Compliance: Implementation of internal committee structures, training, and compliance reporting.
• Statutory Filing Support: Assistance with filing HR-related returns (PF, ESI, PT, LWF, etc.).
• HR Due Diligence: HR documentation and support during audits, mergers, or investor processes.

HR Technology & Analytics:

• HRIS Implementation: Deployment support for cloud-based HR platforms for payroll, leave, and employee data.
• Attendance Management Systems: Implementation of biometric (fingerprint, facial recognition), card-based, and mobile solutions for time tracking.
• Workforce Analytics: Reports on headcount, attrition, hiring, and cost-to-company trends.
• Cloud-Based Document Storage: Digitized employee records with encrypted access from anywhere.

Employee Relations & Engagement:

• Employee Engagement: Designing and managing employee welfare programs, team-building activities, and surveys.
• Disciplinary Process Support: Ensuring legal and fair action in misconduct or policy violations.
• Conflict Resolution: Mediation and resolution mechanisms to maintain workplace harmony.

Book keeping & Transaction Management:

• Daily Transaction Recording: Meticulous recording of all sales invoices, purchase bills, cash receipts, bank deposits, and expense vouchers.
• Chart of Accounts Management: Setting up and maintaining a structured chart of accounts tailored to the business needs.
• Ledger Maintenance: Accurate and systematic maintenance of all subsidiary ledgers (e.g., Accounts Receivable, Accounts Payable, Inventory, Fixed Assets).
• Categorization & Classification: Proper classification of all financial transactions according to accounting standards and tax regulations.
• Journal Entry Management: Preparing and posting all necessary journal entries, including accruals, deferrals, and adjustments.

Financial Reporting & Analysis:

• General Ledger Management: Comprehensive maintenance of the general ledger ensuring accuracy and integrity of financial data.
• Statutory Financial Statements: Preparation of Profit & Loss Statements, Balance Sheets, and Cash Flow Statements as per Indian accounting standards (e.g., Ind AS, AS).
• Management Information System (MIS) Reporting: Customized reports providing actionable insights for internal decision-making (e.g., departmental expense reports, revenue breakdowns).
• Budgeting & Forecasting: Development of detailed financial budgets and proactive cash flow forecasts.
• Variance Analysis: In-depth analysis comparing actual financial performance against budgeted figures and identifying key deviations.

Accounts Finalization & Reconciliation:

• Month/Year-End Closing: Comprehensive process to close books of accounts accurately at period ends.
• Bank Reconciliation: Daily/periodic reconciliation of bank statements with ledger balances to ensure accuracy and identify discrepancies.
• Debtors & Creditors Reconciliation: Reconciling customer and supplier ledger balances with their respective statements.
• Inter-Company Reconciliation: Resolving discrepancies between balances of related entities.
• Balance Sheet Item Reconciliation: Reconciling all balance sheet accounts, including fixed assets, inventory, and other liabilities.

Tax Compliance & Filing:

• GST Compliance: Calculation, return filing (GSTR-1, GSTR-3B, GSTR-9/9C), and reconciliation of GST data.
• TDS Compliance: Calculation, deduction, deposit, and quarterly return filing (Form 24Q, 26Q, 27Q) of Tax Deducted at Source.
• Income Tax Return (ITR) Filing: Preparation and filing of corporate/individual income tax returns as per Income Tax Act, 1961.
• Advance Tax Computation: Calculation and advisory on timely payment of advance tax.
• Responding to Tax Notices: Assisting in preparing responses to queries or notices from tax authorities.

Fixed Asset Management:

• Fixed Asset Register Maintenance: Creation and ongoing management of a detailed register for all company assets.
• Depreciation Calculation: Accurate calculation of depreciation using appropriate methods (WDV, SLM) as per accounting and tax norms.
• Asset Tagging & Verification Support: Assisting with physical verification and tagging of assets.
• Asset Disposal & Retirement Management: Recording and accounting for asset disposals, sales, or retirement.
 

New Venture & Entity Setup:

• Business Structure Advisory: Guidance on selecting the optimal legal structure (Proprietorship, Partnership, LLP, Private Limited Company, etc.).
• Company/Entity Registration: End-to-end support for company incorporation, partnership registration, or proprietorship establishment.
• Statutory Registrations: Obtaining necessary registrations like PAN, TAN, GSTIN, IEC, MSME, Professional Tax, etc.
• Startup Compliance Support: Advising on initial compliance requirements for new businesses.
• Business Plan Development: Assisting in preparing comprehensive business plans for strategic planning and funding.

Strategic Financial Planning:

• Customized Financial Planning: Developing tailored financial strategies aligned with short-term and long-term business goals.
• Project Reports & Feasibility Studies: Preparation of detailed project reports for bank loans, investor presentations, or internal assessment.
• Cash Flow Optimization Strategies: Advising on improving liquidity and managing working capital effectively.
• Capital Budgeting & Investment Analysis: Evaluating potential investment projects and capital expenditure decisions.
• Cost Management & Efficiency Analysis: Identifying areas for cost reduction and operational efficiency improvements.

Audit & Investor Support:

• Tailored Financial Statements: Preparing specific financial statements and disclosures required by auditors, investors, or lenders.
• Due Diligence Support: Providing financial data, documents, and explanations for due diligence processes during Merger & Acquisitions or fundraising.
• Investor Presentation Support: Assisting in structuring financial sections of investor presentations.
• External Audit Liaising: Coordinating with external auditors, providing requested information, and clarifying queries.
• Compliance with Investor Requirements: Ensuring financial reporting meets the specific demands of investors or stakeholders.

Business Restructuring & Valuation:

• Business Restructuring Advisory: Guidance on organizational changes, mergers, demergers, or acquisitions from a financial perspective.
• Succession Planning (Financial Aspects): Advising on financial strategies for ownership and management transitions.
• Business Valuation Support: Assisting with data preparation and analysis for business valuation purposes.
• Debt Restructuring Advisory: Strategies for optimizing debt profiles and managing financial leverage.

Risk Management & Internal Control:

• Financial Risk Assessment: Identifying and analyzing financial risks impacting the business.
• Internal Control System Design: Assisting in establishing robust internal financial controls to safeguard assets and ensure data integrity.
• Compliance Risk Mitigation: Advising on strategies to reduce risks associated with non-compliance.
• Fraud Prevention & Detection Advisory: Implementing measures to minimize the risk of financial fraud.

Verification & Due Diligence:

• Debtors & Creditors Reconciliation: Detailed matching of your records with customer and supplier statements.
• Bank Account Verification: Thorough verification of all bank transactions against internal accounting records.
• Inter-Bank Reconciliation: Reconciling transactions between different bank accounts.
• Payment Gateway Reconciliation: Reconciling transactions processed through online payment gateways.

Bank & Loan Documentation Support:

• Loan Documentation Review: Verifying terms and conditions of loan agreements and ensuring compliance.
• Loan Application Assistance: Preparing and compiling all financial documentation required for new loan applications.
• Liaison with Banks: Facilitating communication and coordination with banking partners for various financial needs.
• Credit Facility Renewals: Assisting with documentation and compliance for renewing existing credit lines.
• Credit Appraisal Memo: Preparation of CAM reports to support banks in evaluating loan customer financial stability.

Internal Financial Control Support:

• Process Review & Optimization: Analyzing existing financial processes to identify inefficiencies and control gaps.
• Segregation of Duties Analysis: Recommending appropriate segregation of financial duties to prevent errors and fraud.
• Authorization Matrix Design: Assisting in creating clear authorization levels for financial transactions.
• Compliance with Internal Policies: Ensuring adherence to the company's internal financial policies and procedures.

Cash & Treasury Management:

• Cash Flow Forecasting: Developing accurate projections of future cash inflows and outflows.
• Working Capital Analysis: Assessing and advising on optimizing working capital components (inventory, receivables, payables).
• Short-Term Investment Advisory: Guidance on managing surplus cash in short-term, low-risk investments.
• Debt Servicing Management: Tracking and managing timely repayment of loans and interest.
• Debt Service Coverage Ratio: Analysis of DSCR in detail to support banks in evaluating loan customer repayment capacity.

Credit Management Support:

• Customer Credit Limit Review: Assessing and recommending appropriate credit limits for customers.
• Receivables Ageing Analysis: Analyzing the age of outstanding receivables and supporting collection efforts.
• Supplier Payment Term Optimization: Advising on strategic management of payment terms with suppliers.

Cloud Accounting & Digital Record Keeping:

• Online Record Maintenance: Transitioning all financial, HR, and business records to secure cloud platforms.
• Secure Cloud Access: Providing role-based, secure access to digital documents from anywhere, anytime.
• Digital Archiving & Retention: Implementing solutions for long-term secure digital storage and data retention policies.
• Paperless Office Solutions: Assisting with migration strategies to reduce reliance on physical documents.

Data Automation & Integration:

• Automated Data Entry: Implementing tools and processes to automate repetitive data entry tasks (e.g., invoice processing).
• ERP System Integration: Seamless integration of accounting, HR, and operational data across different ERP modules.
• API Integration Services: Connecting disparate software systems through APIs for automated data flow.
• Custom Data Import/Export Routines: Developing routines for efficient data transfer between systems.

Data Management & Security:

• Real-time Data Backups: Implementing automated, continuous backup solutions for critical business data.
• Document Retrieval & Search: Advanced search functionalities for quick and efficient retrieval of digital documents.
• Data Integrity Checks: Regular verification processes to ensure the accuracy and consistency of digital data.
• Two-Factor Authentication (2FA): Implementing mandatory 2FA for all portal logins to enhance access security.
• Data Security & Confidentiality: Adhering to stringent data protection protocols, encryption, and access controls.
• Disaster Recovery Planning (Data): Developing strategies for data recovery in case of system failures or unforeseen events.

Business Intelligence & Analytics:

• Customized Reporting Development: Creating bespoke reports tailored to specific business needs and KPIs.
• Interactive Dashboard Creation: Designing intuitive dashboards for real-time visualization of key performance indicators.
• Data Visualization Services: Transforming complex data into easily understandable charts, graphs, and visual reports.
• Predictive Analytics Support: Assisting with data preparation for forecasting future trends and outcomes.
• Data-Driven Decision Support: Empowering businesses with insights derived from data for informed strategic choices.

Digital Transformation Advisory:

• Software Selection & Implementation: Guidance on choosing and implementing appropriate accounting, HR, or ERP software.
• Process Digitization: Advising on converting manual business processes into digital workflows.
• Cloud Migration Strategy: Developing plans for migrating existing on-premise systems to cloud infrastructure.
• Digital Workflow Automation: Designing and implementing automated workflows for various business functions.
• Cybersecurity Advisory (Data-focused): Recommendations and best practices for securing digital financial and operational data.

Ramesh Kumar is a highly accomplished finance and HR professional, with over two decades of extensive experience in accounting, taxation, audit, and human resource management. He earned his B.Com degree in 1999 from AVVM Sri Pushpam College, Poondi (affiliated with Bharathiyar University, Trichy), and is currently pursuing the Chartered Accountancy program from the Institute of Chartered Accountants of India (ICAI).

He commenced his career at M/s. Ragavan & Associates in Erode, where he completed his articled training. He then advanced to Audit Manager, serving in this role from 2002 to 2006. Since 2006, he has been a pivotal Manager at a reputed Chartered Accountant firm in Salem, demonstrating consistent leadership and expertise in the financial domain.

Since 2006, Ramesh has also cultivated a robust foundation in Human Resource operations. His comprehensive HR portfolio includes payroll processing, employee onboarding and exits, drafting HR policies and employment contracts, managing statutory compliance with EPF, ESI, and labour laws, handling grievances, maintaining employee records, managing leave and attendance systems, and overseeing performance management processes. This deep understanding of organizational structure and workforce compliance positions him as a trusted HR strategist for businesses seeking robust internal systems.

On the finance front, he is highly skilled in finalizing and filing Income Tax, TDS, and GST returns, managing books of accounts, and proficiently utilizing a wide array of accounting and taxation software. He supports a diverse client base, including individuals, partnership firms, and private limited companies with turnovers exceeding ₹50 crores. Furthermore, he oversees Due Diligence assignments for Pan India companies across five districts surrounding Salem, reinforcing his broad financial acumen.

Muniappan earned his Bachelor of Commerce degree in 2005 from Sowdeswari College, Salem (affiliated with Periyar University). He began his professional career as an Accountant at Community Services Trust, Salem.In 2010, he enrolled with the Institute of Chartered Accountants of India (ICAI) and successfully completed the CA Intermediate examinations as well as the prescribed articleship (internship). From 2006 to 2017, he served as Audit Manager at M/s. K. Sekar Audit Firm, handling audit and accounting assignments, including work related to Australian-based companies.

Beyond his core financial responsibilities, Muniappan possesses significant expertise in HR compliance and operations. His contributions in this area include managing statutory registers, overseeing employee onboarding documentation, and maintaining streamlined payroll and leave records aligned with regulatory requirements. He is particularly adept at integrating HR procedures with financial controls, enabling organizations to meet both audit standards and workforce governance benchmarks effectively.

Currently, he is employed as an Assistant Manager at M/s. Carisma Solutions Pvt Ltd., Chennai, where he delivers both financial and HR support services to Australian-based companies.

Elango completed his Bachelor of Commerce (B.Com) degree in 2005 from Sowdeswari College, Salem (affiliated with Periyar University). He began his career as a Paid Assistant at M/s. D. Premnath Chartered Accountants, Salem, and gained further experience in similar roles at various firms. In 2010, he enrolled with the Institute of Chartered Accountants of India (ICAI), completed the CA Intermediate examinations and articleship, and served as an Articled Assistant at M/s. P.S. Subramaniya Iyer & Co., Chartered Accountants, Mylapore, Chennai, until 2013. He later worked as a Senior Accountant at Accsource KPO Private Limited, Chetpet, Chennai, from 2014, and subsequently as an Assistant Manager at M/s. Carisma Solutions Pvt. Ltd., Chennai, from 2015.

Beyond his established expertise in taxation and accounting, Elango has also developed a strong understanding of organizational compliance and administrative frameworks. His experience encompasses contributing to the meticulous maintenance of employee-related records, assisting in the proper handling of compliance documentation for workforce regulations, and supporting the adherence to internal administrative policies. This exposure to the operational aspects of human resources complements his financial acumen, providing a well-rounded perspective on business governance.

Currently, S. Elango is practicing as a Taxation & Human Resource Consultant and successfully operates his own firm, leveraging his diverse background to offer integrated business advisory services.

Naveen Kumar D serves as a Technical and Operational Consultant at a leading Salem-based bank verification and technology consultancy. In this pivotal role, he spearheads initiatives in data security, cyber defense, server administration, and broader technical operations. Leveraging a strong background in automation and systems engineering, Naveen is instrumental in securing and optimizing the organization’s IT infrastructure. He diligently safeguards critical client data and internal assets against evolving cyber threats, ensuring a resilient digital environment. His expertise spans technical support, infrastructure planning, security policy enforcement, and operational optimization, making him a cornerstone of the company's secure and efficient digital landscape.

Before joining his current firm, Naveen dedicated 2.6 years as a System Engineer at Tata Consultancy Services (TCS), Chennai. There, he gained extensive hands-on experience across diverse technology domains, including SAP automation script development, AIOps, DevOps, Excel macro automation, C# application development, system maintenance, and big data technologies like Hadoop, Apache, and PostgreSQL. Naveen actively contributed to the entire software development lifecycle—from planning and requirements analysis to development, deployment, and rigorous testing. He was crucial in creating custom automation tools, scripting optimized workflows, enhancing system performance, and ensuring operational reliability. His multifaceted contributions significantly improved process efficiency, system uptime, and compliance within large-scale enterprise environments.

Naveen holds a Bachelor of Engineering (B.E.) in Electronics and Communication Engineering from Dhirajlal Gandhi College of Technology, Salem, affiliated with Anna University, graduating in 2020. His comprehensive technical proficiencies include VBA, SQL, SAP, C#, Linux, and various scripting tools. Furthermore, his practical experience extends to server security configuration, data backup and disaster recovery planning, user access control, and threat response protocols. This extensive skill set underscores his profile as a cybersecurity-conscious, technically adept professional capable of ensuring both operational continuity and robust digital resilience.