Business Model
In today’s complex financial and regulatory environment, access to on-demand experienced accounting and finance professionals is essential for your business.
VALIDIT Accounting and Finance Center understands the criticality of this function and how global rules, regulations, and reporting requirements have made it increasingly complex. Leveraging our 40 global locations and specialized accounting and finance talent recruiters, we provide you the right talent which is essential for your productivity and bottom-line.
The Time & Material model facilitates an agile development process. It is simple to understand and provides the following advantages:
- Flexible and negotiable budget and low risk for both parties
- Opportunity to pay in parts and only for the performed work
- Perfect for large and long-term projects that can’t predict the end product on the initial stages
- Development process starts earlier, since there is no need in formulating the final requirements
- Client has control over the project, approves or adds any task that will be implemented on demand
- Specifications and enhancements can be negotiated during any project stage
Time And Material
This is an ideal engagement model for long-term projects, where the total effort involved cannot be estimated in advance and the scope of work can vary during the course of implementation. The Time & Materials (T&M) model allows flexibility in modulating the team size while optimizing on time and costs, and is ideal for scalable projects where the project scope, specification and implementation plans cannot be precisely defined, and where requirements can change dynamically midstream. It is also an attractive option for purely maintenance projects. The client pays hourly for resources engaged.
ValidIT Solutions offers the services of competent project managers and knowledgeable, skilled, motivated and energetic resources who work seamlessly as part of client teams on T&M projects. We are very choosey when it comes to selection of resources. We believe it’s the quality of the resources who work with us that matters more than the number. Each employee is handpicked after meticulously assessing their technical, communication and interpersonal skills. We offer an adequate compensation package, opportunities for career advancement, excellent working environment and challenging assignments to attract the best talent.
ValidIT Solutions adheres to strict reporting practices, providing clients with regular updates on resource utilization as per pre-defined intervals. Invoices are raised at pre-determined intervals on the basis of pre-negotiated and mutually agreed upon hourly rates for the type of resources engaged.
The Time & Materials model offers several advantages. It offers clients a high degree of flexibility to alter specifications, and to rapidly accommodate unplanned activities and adjust project resources based on evolving requirements throughout the development cycle. It allows clients to balance the team size based on project priorities and availability of funds. Clients are always assured of getting what they need and pay only for what they get. The Time & Materials model gives clients greater flexibility in terms of developing the project specification on an ongoing basis and modifying the specifications based on changing market needs.
Build Operate Transfer (BOT)
The Build Operate Transfer(BOT) model helps our clients to quick start their off shore business with fully functional infrastructure, connectivity and resources in place.
Valid Solutions helps clients set up remote development centers as per their requirements. Locations for the offices are chosen with their strategic importance in mind. The offices are planned, well designed and equipped at an optimal cost with exceptional facilities. Infrastructure is laid out after meticulous planning by experts in the field. Connectivity being a vital factor is established before operations can begin. Through the entire process, we keep our clients updated on the progress so that the entire process is transparent.
Each of the resources for the organization is handpicked and trained to ensure that they are productive from the first day. Operation guidelines, processes and standards are established. We also pay attention to certain key areas like cultural integration, communication, skill orientation and knowledge transfer to bring the new team up to speed. We protect the intellectual property rights of all the artifacts produced during the period of operation under us.
We ensure that the unit achieves operational stability and all agreed upon facilities are established before handing over the fully functional unit including staff at a pre-agreed price.
