Mahindra Integrated Business Solutions (MIBS) is a company that provides Advisory and Business Process Management Services. Our expertise covers Strategy to Execution across 11 industries, with a focus on delivering measurable and sustained results to our clients. We help companies achieve their business strategy by aligning resources, technology, and supporting structures toward desired business outcomes, giving them a competitive edge.
Our team of domain experts is unique, and we leverage the resources of the multi-disciplinary experts from within the group companies for specialized Advisory and Business Process Management Services recommendations. This approach provides our clients with a blend of internal expertise and external perspective. We are proud to be a part of the USD 20 billion Mahindra Group, which employs over 200,000 people in more than 100 countries.
MIBS began as a Shared Services Centre for Mahindra Auto and Farm division in 2002, managing Payroll and Accounts Payable activities. As we established ourselves as a credible partner in the designated area of services, we became a separate entity in 2011, with the intention of exploring services to other Mahindra group companies and non-Mahindra companies. Since then, we have grown to offer 6 lines of business with 15+ value propositions operating from 15 locations, with a team of 3300+ people serving domestic and international clients. Our sustained growth rate is much higher than the industry average, and we are poised to scale further in the years to come.
At Mahindra Integrated Business Solutions, we understand the challenges that companies face. With market dynamics constantly evolving and competition intensifying, businesses prefer to focus on their core activities while outsourcing routine enabler functions.
Our Business Process Management services are designed to enhance efficiency and reduce costs, freeing up our clients to concentrate on their primary operations. By engaging with MIBS, our clients benefit from two key advantages:
Our Advisory Services are managed by functional and industry experts who specialize in each domain we operate in. With an Advisory-led approach to business solutions, we assist our clients in making informed decisions on their business priorities. This includes strategies, cost optimization initiatives, productivity enhancement drives, and risk and compliance programs. We also help our clients transform these priorities into tailored outcomes that meet their specific needs.
Having served as a captive service provider to Mahindra Group Companies for over a decade, we have accumulated valuable experience in tried and tested solutions. This positions us as a powerful source of knowledge, enabling us to enhance our Advisory recommendations to clients.
Finance and accounting management services include outsourcing financial and accounting functions to a third-party provider. These services include a wide range of financial activities, such as financial analysis, bookkeeping, budgeting, financial reporting, tax planning and compliance, auditing, and more. By outsourcing these services, companies can reduce their operating costs, streamline their financial operations, improve financial accuracy and efficiency, and focus on their core business activities.
Finance and accounting management services are especially useful for small and mid-sized businesses that may not have the resources or expertise to manage these functions in-house
Our F&A services include multiple different aspects of perfecting your business. They are:
We provide services, both consolidated and modular, that cover the entire business cycle from Procurement to Payment. Our services can be availed with or without our proprietary software, which streamlines the entire workflow, from request generation to order placement, communication, digital invoice receipt, logic-based approvals, exception workflows, vendor portal, MIS, and integration with core ERP/Bank payments. Our services include PO/Non-PO-based invoice verification & booking, vendor reconciliations, compliances like TDS payment & returns, MSME-related compliances, and more.
We offer services, both consolidated and modular, that cover order management, credit management, order fulfillment & shipping governance, invoicing & revenue accounting, receivable management, collections, reporting, cash application & monthly AR ledger reconciliation.
Our end-to-end services in GST include advisory, transaction processing, reconciliations, mismatch resolution, audit, and financial compliances.
We support companies by conducting an in-depth analysis of financials using appropriate tools, facilitating decision-making for improved efficiencies across business and operations.
Our assurance services assess the robustness of a company’s processes for efficiencies and financial compliances, which helps to establish better governance standards.
Our end-to-end accounting services include GL accounting, bank reconciliation, month-end provisions, schedules with variance analysis up to consolidation of financial statements, and audit support. These services enhance the CFO’s bandwidth to focus on strategic functions.
The process of payroll management involves managing an organization’s employee compensation, including salaries, wages, bonuses, deductions, and taxes. It involves tasks such as calculating employee salaries and benefits, withholding taxes, ensuring compliance with local regulations, and maintaining accurate payroll records. Payroll management also involves handling employee inquiries related to their compensation and benefits, as well as issuing paychecks or direct deposits to employees.
Our Payroll Management services encompass a comprehensive suite of solutions, including employee database management, attendance tracking, leave management, CTC structuring, tax recommendations, payroll processing, benefits management, reimbursements, employee self-service portal, reconciliations, ledger clearances, and MIS reporting. We offer both service-only and service-with-software models to cater to the unique needs of our clients.
At MIBS we also offer technology and customer support solutions to help your business truly maximize its efficiency.