ADS Professionals

Our Services

We provide the following service to our customer in Australia, UK, US and Sri Lanka.

Corporate Financing

Financial systems and Process Development

Project Feasibility and Financing

Accounting

Financial Reporting & Analysis

Taxation

Corporate Services and Corporate Governance

Other Work

Sri Lanka

Corporate Financing
All shareholders require increased value on their interments. We strive to add value through professional advice on the best suited capital structures, identify the most effective sources of financing, negotiate and work with clients to obtain the financing, thereby increase shareholder value.
Financial systems and Process Development
The financial systems should operate seamless with other processes of an organisation. Our objective is to develop financial systems and processes to connect the operational processes with the financial processes and thereby provide the client with timely and accurate financial information and management information.
Project Feasibility and Financing
Evaluate financial feasibility of projects, provide unbiased recommendation, identify sources of financing and work with the client to obtain financing
Corporate Services and Corporate Governance
Ensuring that the corporate governance requirements are being fulfilled is an important requirement for all directors. As such we would study the required corporate governance regulations and recommend the best actions to be implanted to fulfill the regulatory requirements. In addition we carry out company incorporation, manage share issues and rights issues, company secretarial services

AUSTRALIA, UK, USA

Accounting
- Daily Transaction Recording and Processing
- AR and AP Maintenance and Computation of Impairment
- Preparation of Bank Reconciliation Statement
- Other Reconciliation statements such as Balance Sheet Reconciliation Statements
- Month End Financial Closure and Preparation of Financial Statements
- Accounting Policies and Manuals
- Fixed Asset Tracking and updating Fixed Asset Registers

Financial Reporting & Analysis
- Board Packages
- Management Reports
- Variance Analysis
- Financial Budgets
- Financial Forecasts
- Loan Proposals and Financing documentations
- Investor Reporting

Taxation
Preparation of the following returns would be carried out under the supervision of the client’s Registered Tax Agent
- Income Tax Returns
- FBT Returns
- BAS Returns
- Preparation SMSF Statements

Other Work
- Payroll, Salary, Overtime and Statutory payment management
- Company and Industry research
- Data Analysis
- Maintaining Share Ledgers
- Company Annual Returns
- Dividend Payments

Why Choose Us

ADS Professionals consists of a team of professionals based in the respective countries to provide localised and customised services to clients. The main Operations Centre is located in Sri Lanka where a vibrant and fast expanding BPO/KPO market is prevalent.

Our team consists of experienced and qualified professionals and are capable of commencing and carrying out accounting work seamlessly. Further, due to the in-depth knowledge of the Sri Lankan business environment the Company can source the most suitable talent to its Operations Centre efficiently. As such, we could provide the best talent at very reasonable prices, which are very competitive when compared with any of the other outsourcing locations.

Sri Lanka has a well-developed education system which is styled on the British Education system. It produces over one thousand five hundred qualified accountants every year. Further, Sri Lanka has the largest concentration of UK qualified accountants outside the UK. In addition there are a large number of foreign affiliated universities offering degree programs in accountancy, business and finance.

The BPO KPO industry in Sri Lanka has been growing at 20% year on year and it is ranked 11th globally by the A T Kearney’s Global Services Location index for 2017. The country counts 80,000 - 100,000 employees and earns revenues of over US $ 1 billion, which makes it an important foreign exchange earner to the country. The government is very interested in developing this sector and provides many incentives for its development.

The English proficiency in the country is very high as it was a British Colony. Some of the world’s leading banks, insurers as well as organizations such as the London Stock Exchange have located some of their outsourcing centres in the country.

How We Work

We offer the following business model options.

Option 1

Undertaking outsourcing work in finance and accounting, human resources, corporate services and taxation

Option 2

Function as the off shore office functioning exclusively for the specific client oversees. The infrastructure is scalable in this option with physical separation of operations, confidentiality of clients and other operations.
Recruitment of staff, training of staff, customizing processes, software as per the requirement of client. Also sourcing and trained staff in widely used accounting and human resources systems.

Option 3

Setting up a joint venture company with oversees partner taking a shareholding of the company and being appointed to the board of the local company.
The profiles of the staff that are available for employment is given below.

Data Security & IT infrastructure

We at ADS understand the importance of information security and we guarantee 100% security of client information.

We ensure information security at all locations through the following procedures

CCTV networks
Finger print scan access controls at all doors
Data being stored and processed only on secured hardware, use only prominent data centres
If the client requires all data will be maintained in the country of origin
No use USB storage devices, CD/DVD drives and printers
Non-Disclosure Agreements signed with all employees
Staff will be screened and trained in information security

Physical Infrastructure

Our business model is unique as it is based on locating small teams close to the residences of employees. This gives us cost advantages which we will be passing on to our clients. Each location will consist of a team between 25 to 50 employees with backup power and other information security features mentioned above. Each location will consist of a qualified Head of Operations.

If the client requires they could use one or more such locations exclusively with a dedicated team working for the client. Further, it could be run as a separate legal entity for the client where the client is a co-owner of the entity.

For all the above the Business Options the operations are scalable. Currently we could recruit, train and operate up to 10 new recruits at Staff Accountant/Associate level within a month and scale it up to 25 within 3 months.

About Us

ADS Professionals is a recent start-up Company with the objective of providing finance & accounting services to small and medium scale enterprises using the latest technology.

We understand that the accounting and booking professions are being challenged by recent technological developments in artificial intelligence, mobile communications and FINET. As such our business objectives are to provide our clients with systems and processes to meet these challenges effectively.

Executive Directors

Director/Chief Executive Officer

Mr. Deepta Ekanayake

Mr. Deepta Ekanayake was an Executive Director at DPMC Assetline Holdings and he also held Executive Directorships in all its subsidiary companies. Mr. Ekanayake served for a period spanning 20 years at the David Pieris Group of Companies, during which he carried out crucial business functions such as: overlooking finance & accounting, managing investments in debt, equity and real-estate, developing systems and processes for leasing & loans, negotiating & arranging banking and other financing facilities, insurance broking, corporate services & corporate governance, stock broking, margin lending and unit trust management.

Mr. Ekanayake commenced his career at Ernst & Young in the Management Consultancy section and was seconded to its Maldives practice at its inception. He was also employed at Janashakthi Insurance PLC as the General Manager Finance & Planning, before exiting to set up ADS Professionals.

Mr. Ekanayake holds a Master of Business Administration [MBA] from the Postgraduate Institute of Management affiliated to the University of Sri Jayewardenepura. He is an Associate Member of the Chartered Institute of Management Accountants [ACMA (UK)] and holds an Advanced Certificate in Marketing from the Chartered Institute of Marketing (UK). He is also a Registered Company Secretary.

Director/Chief Operating Officer

Ms. Thushara Karunasena

Ms. Thushara Karunasena commenced her career at Ernst & Young in the Management Consultancy section and later joined D. Samson & Sons (DSI Group) as its Accountant. She was a key member of the team that implemented the IFS ERP system in the Company. She has carried out many project feasibilities. Moreover, she was involved in accounting work outsourcing from Australia.

She was employed as the Accountant at Wellassa Rubber Company. Over the past twelve years she has been a Trustee of the EASE Foundation, a NGO working towards the betterment of autistic children. She overlooks the finance and accounting functions of the foundation and is involved in obtaining donor funding for its projects.

Ms. Karunasena holds a Bachelor of Business Administration degree from the University of Colombo and was an Associate Member of the Chartered Institute of Management Accountants (UK).

Staff Profiles

Staff Accountant

Staff Accountant would be a person of the age bracket of 20 to 27, starting from a School Leaver to entry level qualification in accountancy such as AAT two levels, CIMA Foundation or first or second year at university following a degree in Management or BCom. Previous work experience is not required.

Associate

Associate would be a person of the age bracket of 22 to 45, with a minimum of one year’s executive level experience or three years work experience and possess qualification in accountancy such as AAT, Chartered Accountancy (CA Sri Lanka) Professional Level CIMA Managerial Level or a university degree in Management or BCom. University degree holders without experience will be recruited as Management trainees at the starting charge out rate.

Flexitime employment would be given at this level and it is expected that this level would hold a large number of the work force.

Manager

Manager level would be a person of the age bracket of 28 to 45, with a minimum of five year’s executive level experience and possess Membership of a recognised accountancy body such as CPA, CIMA, CA Sri Lanka, and ACCA or hold a degree from a recognised university in Finance or Accounting.

Flexitime employment would be given at this level and this level would be recruited especially for client requirement.

At the manager level, a specialist will be recruited to work for specific clients on research, analysis work, and company secretarial work. These persons will possess either the above mentioned qualifications for Managers or a degree in Economics, CFA Part or full qualifications, Licenced Company Secretary, Attorney at Law with relevant industry experience.

For all the above the options the operations is scalable at the rate of recruit, train and operate up to 10 new recruits at Staff Accountant/Associate level within one month and scale it up to 25 within 3 months.

Get in touch

You can contact ADS Professionals for general enquiries in any one of the following ways

ADS PROFESSIONALS (PRIVATE) LIMITED
41/40 B, Nagahamulla Road, Battaramulla, Sri Lanka.

info@adsprofession.com

+94 11 278 4686

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Welcome toADS Professionals