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BFSI — Accounting
Finance and Accounting Outsourcing Built for Financial Services
Keep reconciliations, billing, and regulatory reporting accurate across banking, insurance, and lending portfolios, with teams built for the compliance stakes of financial services. Every program runs under SOC 1 Type II and PCI-DSS v4.0, with deployment in 30 days.
What Audit-Ready Actually Looks Like Across a Financial Services Portfolio
96%
of outcomes achieved. We track reconciliation accuracy, regulatory filings, and reporting deadlines the same way every time.
30 days
to a compliance-ready accounting team. Chart of accounts, systems, and close calendar mapped before day one.
70%
of our business is complex, specialized work. Reconciliations, statutory filings, and claims-adjacent accounting make up most of this work.
A reconciliation backlog doesn't stay a back-office problem for long. It delays financial reporting, triggers audit findings, and in banking or insurance, draws regulatory scrutiny that can cost far more than the original error. A missed commission payment or a miscalculated claim payout erodes a relationship with a broker or a policyholder that took years to build. Keeping these functions in-house at the accuracy and volume financial services requires means carrying overhead that grows with every new account, policy, or portfolio.
Reconciliation, accounts receivable and payable, regulatory reporting, and transaction bookkeeping look different across banking, insurance, and lending, and the teams handling them need to know which rules apply to which portfolio. iQor's accounting specialists train on the specific regulatory and reporting requirements of your line of business before they process a single transaction, working under SOC 1 Type II, SOC 2 Type II, and PCI-DSS v4.0 certifications. Programs deploy in 30 days, with 70% of our work already in the kind of complex, specialized territory financial services accounting requires.
Trusted by Leading Brands
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Services
Five Functions Behind Every Accurate Financial Services Ledger
Banking, insurance, and lending portfolios each carry their own reconciliation logic and reporting calendar. Our accounting teams are built around the specific requirements of your line of business, not a generic back-office template.
Reconciliations & Financial Close
Bank statement reconciliation, premium reconciliation, card settlement matching, and reinsurance reconciliation, with exception handling that keeps every close cycle on schedule. High-volume matching across portfolio types keeps every close cycle audit-ready.
Accounts Receivable & Payable
Premium and loan receivables, commission payments to agents and brokers, vendor payments, and claim disbursements, processed with the accuracy that protects both cash flow and financial relationships. Timely payables keep your partners paid and your ledger clean.
Regulatory & Statutory Reporting
Statutory financial reporting, state DOI filings for insurance, and the documentation banking and lending regulators require, delivered on the calendar your compliance team can't miss. Accurate, timely reporting keeps your organization in good standing across every line of business.
Bookkeeping & Transaction Recording
Day-to-day recording of transactions across accounts, policies, and portfolios forms the operational foundation for every downstream report. Specialists trained on your chart of accounts keep every entry accurate and every audit defensible.
Invoicing & Billing Operations
Policy invoicing, loan billing cycles, card statement generation, and payment processing for individual and group accounts, built to protect cash flow and reduce billing disputes. Accurate, on-time billing runs the same way whether the account is a policy, a loan, or a card.
Awards & Recognitions
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Here's What Working With Us Looks Like in Practice
Knowledgeable
Accounting specialists train on the regulatory reporting and compliance standards of your specific line of business before they process a single transaction. Built for financial services, not adapted from another vertical.
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Compliant
An ops leader who understands your account types, regulatory calendar, and financial KPIs owns your program end to end. One point of ownership brings the continuity your operation needs.
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Analytical
Real-time reporting on reconciliation accuracy, processing timelines, exception rates, and compliance metrics gives full transparency into your financial operations at any given moment.
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Fast
A fully operational accounting team goes live within 30 days of signed agreement, integrated with your financial systems and up to speed on compliance from day one.
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Tell Us Where Your Financial Operations Need the Most Help
Describe your biggest reconciliation, reporting, or billing challenge, and we'll show you how we've solved it before.
Case Studies & Trends
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Every stage powered by AI — from first hire to higher performance.
Start with insights. Build toward outcomes. Scale what works.
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FAQ