Mynd Integrated Solution

Robotic Automation (RA) is transforming the way businesses operate. Not only RA is bridging communication gaps, transaction information, and other operational processes, it is also facilitating decision making processes. MYND Solutions Neural Intelligence Platform is a top-grade software platform that brings together a wide range of AI functions, such as - NLP (natural language processing), cognitive, machine learning, augmentation of intelligence and finally, analytics. The combined benefits of these functions produce a powerful boost and aid enterprises in analyzing, comparing and acting on complex data. In this regard, advanced artificial intelligence and MYND go hand in hand . MYND's strong team and infrastructure can create neural intelligence platforms with three customised layers. These three layers can be created as per unique business needs, although the standard ones are- a platform for the engagement of scores of structured and unstructured data, an engine that can pred...

HR function outsourcing can be a game changer for organisations of all sizes. Companies must focus on their core capabilities in today's fast-paced business environment, leaving non-essential responsibilities to specialists in the industry. HR outsourcing provides numerous advantages that can assist businesses in remaining competitive, reducing expenses, and increasing efficiency. Here are six advantages to outsourcing human resources functions: Cost savings: One of the primary benefits of HR outsourcing is cost savings. Outsourcing HR functions to an HR outsourcing services can be more cost-effective than maintaining an in-house HR team. This is because outsourcing companies can spread their overhead costs across multiple clients, allowing them to offer competitive pricing for their services. Furthermore, outsourcing HR functions can eliminate the need for businesses to invest in expensive HR software, such as HRMS payroll software ...

The consolidation of a company's support tasks into shared services is a suitable method for enhancing service delivery and efficiency. Supply chain management , information technology, finance and accounting, human resources , and other front- and back-office services are all included. By centralising these services, businesses can benefit from cost reductions, process consistency, and improved business intelligence. Pros of shared services in finance and accounting : The transition to a shared service centre accounting model forces organisations to reassess how they conduct business. This creates opportunities for task simplification and performance-based concentration. KPIs are utilised to track activity, and SSCs are managed as services with regard to efficiency and productivity. The number of invoices handled per FTE, the cost of each FTE as a proportion of revenue, the percentage of errors, and the number of manual entries are the mos...

Compliance risk management is a crucial element of any organisation's risk-aversion plan. It's a proactive approach to safeguarding the organisation's standing by identifying, evaluating, and mitigating any risks associated with non-compliance with laws, regulations, and ethical codes. The ultimate aim of compliance risk management services is to keep a tight grip on the organisation's reputation and financial well-being, preventing any untoward consequences from non-compliance. Key components of compliance services are: Risk assessment: The first step in compliance risk management services is to identify and assess the risks associated with non-compliance. This involves evaluating the organisation's current compliance programs, processes, and procedures and identifying areas where improvements can be made. Policy development: The development of clear and comprehensive policies and procedures is essential to ensuring complian...

  Shared services centres (SSCs) are central hubs within organisations that consolidate non-core functions like HR, payroll, accounting, and IT support to improve efficiency and allow companies to focus on their core competencies. These non-revenue-generating processes are essential for smooth operations but can be a hindrance to growth. Companies can choose to consolidate all or specific functions into an SSC to streamline processes and free up resources. What advantages do shared services centres offer? There are several reasons why a company might want to set up an SSC. The most common ones are: ·          One of the key benefits of an SSC is improved efficiency. By consolidating similar processes into a single unit, businesses can achieve greater efficiency. This means that the shared services centre can complete tasks more quickly and with fewer resources than if each department were doing them on its own. ·    ...