SSO Accounting services for Novacomp were needed.

• Novacomp was in need to create a separate unit to manage their accounting services.
• Novacomp wanted to focus on their core Software Development services 5 years ago and decided to extablish a partnership with a local accounting firm to provide accurate and trustworthy financial accounting services.
• Novacomp had already been expanding and managing the accounting services of the sisters company's accounting (NovaTesting,Innovative, ITQS), was a challenge.

A spin-off to create an accounting firm proved to be effective.

For the last 5 years, Novacomp partnered up with an already existing Accounting Firm QF & Associates in order to provide and cosume the following services:

• Financial Administration: Including Cash Flow projections, recommendation of new funding avenues, provide banking and provider{s required information, etc.
• General Administration: Inventory of tangible and intangible assets, amortization and depreciation strategies.
• Tax Advice: Creation of all tax forms for enterprises, free trade zones for local and international operations.
• Auditing and Consulting: Preparation for IRS and Social Security auditing.
• Accounting Services: Accounting statements to internal and external clients. Payroll services. Coordination with foreign accounting firms to generate the Overall Group´s statements.

Expansion of the SSO services to external clients.

• As an added benefit, the spin-off evolved into a group of 12 accountants and an expansion of the Group’s customer base to a solid 8-10 important concurrent clients.
• The new clientele ranged from Software development firms, Data Analytics consulting, Mobile services firms, among others.
• The services provided included services given to remote offices from the existing clients, located in Mexico, Panama, Chile and the United States.
• The Novacomp group of companies benefited from having standard accounting statements and a consolidated platform for auditing and reporting.