Business Model

Under this model, client outsources a specific project to IM and we deliver the same within set turn around time. Our early relationship relating to deleivery of the project continues through the following:

Fees

  • Transaction Based
  • Hourly Based
  • Fixed Price Model

Managed services are the practice of outsourcing in a dynamical basis of certain processes and functions pre-planned to boost operations and reduce expenses. Under this model Managed Service Providers oversee and undertake the responsibility of a defined set of day-to-day management of activities of an accounting firm to improve efficiency and at the same time at lower cost. Under this model, we managed service provider undertakes an on-demand service and bills the customer only for the work done.

Value Approach through Managed Accounting Services
  • The In-house team concentrates on the strategic core business competencies.
  • Technology vendors deliver high-end systems that empower the business and in-house team and assist in end-to-end reporting and management across all your accounting needs.
  • A Managed Accounting service provider supports the highly voluminous, complex/complicated accounts and brings technology and standardization that can add strategic value to your oganization.
Advantages

1. Cost Savings: A fixed monthly fee is charged which give business owners with a predictable monthly cost. Outsourcing managed services also allows business owners to reduce the cost of dedicated personnel working in- house as well as have a full access to upgraded technology, tools, infrastructure and other resources which cannot be otherwise managed in-house.

2. Reduced Risks and Liabilities: With a huge talent pool of legal workforce powered by vast experience, expertise and knowledge, the Managed Legal Services can be relied for their accuracy with the risk factor accounting to less or nothing , guaranteed with full compliances to government regulations and standards .

3. Best in Class Processes and Tools: The Managed Service Provider is equipped with the best-in-class tools, resources and technology to increase efficiencies by monitoring the processes and procedures. This will ensure higher rate of visibility and more in depth informative knowledge, which lead to better deliverance based on live-scenarios.

4. Drives Positive Change: Managed Service Providers review your law firm methodology entirely and look for cost effective ways to do things without compromising on the efficiency at the same time. We are also scrutinizing effectively for any accountability and issues which might have skipped your attention and keep you guarded from risks.When issues are accounted for and immediate solutions provided we design customized solutions specialized for your legal firm/corporate house/legal publishing house. Continuing with that, we also provide support and maintenance throughout.

5. Focus on Core Area: When you outsource your managed services, you can focus on your core business, such as your strategies, growth and direction, instead of being delayed by administrative work. Plus, the cost savings, reduced liabilities and enhanced accuracy will help you lead your business to the best of your full competency.

You and your in-house staff should focus on the tasks that will derive you profits and grow your business and be innovative rather than on the minutia of day-to-day responsibilities. A managed service provider will act as an extended legal support of your team, provide great value, and help your organization succeed.

6. Transfer Commercial Risk for the Provider: Managed Services Providers Commercial Model has undergone a lot of changes. Before, the project venture was undertaken after the client makes the payment and submits the entire necessary requirement and buys it. The onus of the responsibility was solely on client.

However, now the Manage Service Providers render ready on-the-go solutions and determine the costs beforehand. They make huge investment and keep them competitive enough to deliver the best of solutions to the client. Thus, the service provider takes more of the commercial risk.

Rather than just collecting a monthly fee for support and maintenance, the Managed Service Providers fix a onetime fee which is very economical .Thus the client gets the maximum quality services done for far less cost criterion.

This ideal shift significantly takes the edge off commercial and operations risks for the client.

7. Managed services can bridge your skills gap: Managed Service Providers confer their clients with means to the skill sets they may not have in- house, on a pay-as-you-go criteria. The major reasons of attractiveness of Managed Services Providers is that they encourage a company to be competitive, advanced and staying way ahead in the job market by having access to the Managed Services Providers technology and assets. This reduces the risks in the business and the legal firm to evolve even much better and expand more in the business.

Fees

We charge a fixed amount per regular per month. Our fee varies on the basis of skill set, qualification, experience, expertise, short term or long term request etc.

What is a White Label Solution?

A white label Solution is a situation in which a “White label Solution Provider” (WLSP) provides services and solution but the customer rebrands it to appear as if they created them.

That way, the reseller can customize the service with their own brand, logo and identity, allowing customers to associate the service with the reseller. Meanwhile, the WLSP can focus on finding cost-effective ways to deliver the service, without concern for the service’s marketing.

Why Use a White Label Solution?

White label solution reduce the time, effort, money and risks you would otherwise put into producing or delivering your own service. Adding your label to a proven service, will save you a lot of risks, capital and time.

Advantages

1. It saves you time and money: Starting a new service or scale up existing services from scratch takes a large amount of financial and human capital resources. Even if you think you can build it yourself, it’s important to factor in time. If you require a fast deployment, cutting corners in any of these steps can leave you even further behind.

2. It allows you to focus on your business’s core competency: In many cases, the service and solutions that companies hope to build them fall far outside of their areas of expertise. It’s not smart to stretch your resources to do something that doesn’t fit within your core competencies. Be sure to look closely at the solution you need and compare it to your available resources to help you decide whether a white label solution would help you reach your goals more efficiently. Prepackaged solutions provide an opportunity to trust the experts in the specific space you are focused on, and avoid making the same mistakes that others have.

3. Cost-effective solutions: Outsourcing your work to While Label Service Provider will not only save your time but also help you in saving a lot of money which you spend otherwise in hiring new resources and investment in infrastructure, process and technology.

4. They help you scale the business: You can easily expand your business by focusing on your core principles and white labelling the rest of the work. In such a way, you can grow your business without worrying about hiring resources.

5. Complete Stack of skills: When you are with a white labelling agency, you can never run out of skills which are required to pitch a project. With the strong support of your agency, you can add projects to your portfolio in a diversified way.

6. Time to market is drastically reduced: When launching a new product/business time to market is important. You could spend many years building a product, only to launch and realize you do not yet have product market fit.

7. Cost of product is drastically reduced: The cost of building a new product and service can be incredibly expensive. This is true of both time and finances. Again, if a company has already created a comparable service and solution you can minimize costs by reselling the same.

8. Selling under your brand: White labelling a service and solution means you can sell it under your preferred brand name. This can ensure your customers remain yours and do not seek the service and solution from a different supplier. Adding a white label product to your portfolio can give you a competitive advantage over other businesses, which do not offer the service and solution.

9. Set your own price points: As the Service and Solutions white labelled you are free to set your own price points when selling to your customers. White label service and solutions often have extremely large profit margins. White labelling is a great opportunity to add an additional revenue stream to an existing company, or to start a company from the scratch.

10. Return on Investment: No matter how much effort and money are invested in a new business, there is no surety whether it’s going to earn well in return or not. Using white label solutions, ROI is assured. Because an already established business has earned the trust of customers. So, using it will make profits for your business as well.

11. It keeps your customers happier: Your customers have an end goal, and using a white label solution can give them a clear and simple path to reaching it. The extra months (or even years) that it takes to develop your own service and solution can force customers elsewhere for solutions. You can avoid this with a prepackaged solution that meets their needs immediately.

In short, white label solutions can help you utilize your business’s unique branding to offer a product or service without investing in resources, process, and infrastructure or technology creation around the solution. The result: You can focus on building your own brand and selling your services while simplifying the conversion path for your customers.

Fees

We charge a fixed percentage of fee that is required by our client for its customers in respect of the work assigned to us.

Under this model, we provide 2 options as under:-

1.) FULL TIME EQUIVALENT (FTE): This is one of the engagement models where whereby we deploy the dedicated equivalent number of legal experts as full time staff dedicated and exclusive for the client at our location as the client would have/had in his Location/country to suit the project needs of the client. We manage and execute the project. We charge the client on the basis of number of people deployed on per month basis.

Advantages of FTE
  • A dedicated team of resources (Attorney / Paralegal)
  • Cost Effective as Client pay fixed price month instead of per hours basis.
  • Flexibility: Hire Employee- Short Term or Long term basis i.e. upgrade or down grade any time just at the click of mouse
  • No additional Capital Expenditure
  • No pressure and dependability on in house staff for season and sudden increase in work load
  • Better control on FTE staff that ensures quality and timely delivery
  • Save time, efforts and money in sourcing, interviewing and recruiting and on board workforce – We have already done the hard work for you
  • No hassles of Payroll management and other HR Management activities
  • No IT Facility required - We will provide State of the Art IT Infrastructure with independent access under your control and at your disposal, resulting into no capital expenditure required to set up requisite IT Facility.
  • No set up time required contrary to setting up of your own department or its expansion
  • Availability of BEST PEOPLE TALENT at the click of the mouse.
  • No employee liabilities
  • Easy to start
  • Dedicated FTE resource works under the supervision & guidance of senior experts.
STANDARD TERMS AND CONDITIONS:
  1. Aeren employee will work for 40 hrs. week
  2. Aeren employee will be entitled to 36 holidays in a year, which statutory holidays which may subject to changes are according to law.
  3. The Standard working days will be from Monday to Friday.
  4. Over time will be charged separately at the rate of per hour 50% more on the standard per hour charges**.
  5. Upgrading of Aeren employee will be done by giving prior notice of two weeks.
  6. Down grading of Aeren employee will be done by giving prior notice of three months.
  7. Minimum charges per Aeren employee will be for three months.
  8. Aeren fee will be paid in advance.
  9. GST will be separate.
NUMBER OF WORKING DAYS AND HOURS PER AEREN STAFF:
  1. Working Hours per day 8 hrs.
  2. Working Hours per Week 40 hrs.
  3. Average Working Hours per month 160 hrs.
  4. Holidays per year (Excluding Saturday & Sunday) 36 days
  5. Total Effective Working hours per year 1792 hours

2.) Staffing/Virtual Lawyer:

Under this model, we deploy full time dedicated resources for our client under their full control. However, unlike project outsourcing as stated above, we do not remain responsible for the project delivery. We only provide the support services.

Virtual Lawyer means, an Indian Lawyer hired by us for you that works remotely with you from India instead of physically from your office, in their home country under your total control and management. Virtual lawyer works for you just like any employee who works in your office. Legally, Virtual lawyer is our employee however; practically Virtual lawyer is part and parcel of your work force and extended department. Virtual employee takes instructions from the client and client manages and executes the project and we provide the support services and assets. In other words we co-manage the resource. We charge a monthly fee per resource per month instead of hourly basis or transaction basis.

Fees

We charge a fixed amount per regular per month. Our fee varies on the basis of skill set, qualification, experience, expertise, short term or long term request etc.

Virtual Staff (VS) means your employee not physically located within your own office in home country but located in offshore locations and works for you remotely under your complete control and management with no employee liabilities.

The virtual employee concept eliminates the cost of putting up infrastructure and overheads, yet as a client gives you full access to the people you hire. It offers low cost that comes with offshore outsourcing and high effectiveness that comes through hiring your very own employee. It also helps you to have the Best People Talent in your organization.

"Aeren manages the non-work related responsibilities relating to Virtual employees and provides State of the Art IT Infrastructure, HR Services, all support services that clients need in India. Aeren help streamlining your work force and IT Infrastructure in India thereby reducing cost by more than 70%.

You can have regular meetings and be fully connected with your Virtual Employee via video conferencing, local Home Country’s Mobile, Skype and e-mails to ensure a better level of understanding and a higher quality of success that makes easy to hire virtual staff.

3. How it Works?
Client We
Instructs their Virtual Employee on Daily Task, Responsibilities and Duties Fully Managed & Full Time Dedicated Virtual Employee
Decides How to Implement and Execute Work Virtual Staff Management
Decides How to Implement and Execute Work Dedicated IT Infrastructure for Virtual Employee
Sets Work Deadline HR Management
Supervises and Monitors Work of Virtual staff IT Help Desk
Responsible for Work Output and Delivery Administration
Training and Development of Virtual employee Training
Formulation of HR Policy, Work Ethics Guidelines and Procedures .

STANDARD TERMS AND CONDITIONS:

  1. Aeren employee will work for 40 hrs.week
  2. Aeren employee will be entitled to 36 holidays in a year, which statutory holidays which may subject to changes are according to law.
  3. The Standard working days will be from Monday to Friday.
  4. Over time will be charged separately at the rate of per hour 50% more on the standard per hour charges**.
  5. Upgrading of Aeren employee will be done by giving prior notice of two weeks.
  6. Down grading of Aeren employee will be done by giving prior notice of three months.
  7. Minimum charges per Aeren employee will be for three months.
  8. Aeren fee will be paid in advance.
  9. GST will be separate.

NUMBER OF WORKING DAYS AND HOURS PER AEREN STAFF:

  1. Working Hours per day 8 hrs.
  2. Working Hours per Week 40 hrs.
  3. Average Working Hours per month 160 hrs.
  4. Holidays per year (Excluding Saturday & Sunday) 36 days
  5. Total Effective Working hours per year 1792 hours