Human Resource Practice has been a very dynamic and ever growing repertoire of knowledge and keeping oneself updated with that is a daunting task. Likewise, People Management is a key business function that has direct impact on competitiveness, efficiency of operations, and long-term profitability of an organization. Which is why, organizations have been investing enormous time and resources in the HR function, which diverts focus from the organization’s core business.
To keep pace with the ongoing changes and also to refresh oneself on certain fundamental issues, Ascent Consulting Services provides this information in a simple and lucid way. They are continuously striving to keep this information updated and useful to every professional engaged in People Practice.
Inception and Growth Story
Headquartered in Bangalore, Ascent Consulting Services precisely addresses this anomaly through its 360 degree HR Management Solutions that transform the HR service delivery. While these solutions accomplish cost reduction, greater efficiencies and improved quality. Their larger effort is aimed at improving organizational efficiency and not just creating incremental change.
Ascent has achieved this by building the right mix of skills and knowledge required for an effective Outsourced HR Management function. Their solutions employ a matrix of technology, domain expertise, streamlined business workflow, and highly skilled people to create tangible, measurable, performance improvements throughout the client’s organization.
Ascent believes that People Practice is an ongoing voyage of discovery, learning and development. The challenges and evolutions that confront Human Resource professionals and organizations are ones that rise and fall with the changing tides of business and people needs. No single solution can address all challenges or meet the needs of HR professionals across different industries.
Ascent is recognized as one of the most trusted partners in this business by clients around the world. They work as an extension of their client’s business. Their management and delivery teams are passionate about building efficiencies in their clients’ business.
Trailblazer of Ascent Consulting
Ascent Consulting took birth under the eminent leadership of Subramanyam S, Founder & CEO. Subbu is a corporate lawyer and a Fellow member of the Institute of Company Secretaries of India. He had close to two decades of experience in Finance, Legal, Tax and Business Management. He has worked in these areas for 14+ years in various corporates as a passionate professional before venturing to be an entrepreneur in setting up Ascent Consulting Services Pvt Ltd in the year 2002.
Subbu moved Ascent up in the value chain, through right acquisitions, into an information technology solutions and services company while enlarging the outsourcing business across India. His past experience includes exposures in Advani Oerlikon group, Shonk Technologies in Finance, HR and Corporate Legal Services.
He has good understanding of Finance, Treasury management, and Indian Legal framework. Have an excellent grasp in managing IT / IT enabled services and covered all critical business areas in terms of Business Strategy, Sales & Marketing, and Product Development. Have hands on exposure to domain in HR, Finance, Software Development and Managing Mergers / Acquisitions.
Peerless Services Propounded
Ascent Consulting is essentially an HR Solutions company providing 360 degree HR Management Solutions that addresses growing business demands. Their solutions are industry agnostic while meeting specific needs of any vertical. Ascent Consulting works with unmatched zeal and passion to make their work possible resulting in the successful interventions handled by them. The company always makes larger efforts aimed at improving organizational efficiency and not just creating incremental change.
In addition to Ascent’s HR Outsourcing strengths, the company has an HR Automation suite that is built over a knowledge base of vast experience and real life scenarios. Its HR Automation suite comprises of five different applications:
PowerHR – A fully integrated comprehensive real time enterprise HR delivery system covering all aspects from Hire to Retire.
Stohrm – It is an efficient and easy tool for HR Hygiene Management for small and medium business enterprises and includes an interactive Employee / Manager Self Service.
PowerPay – Payroll processing application which has multi country, multi-location, multi-currency and multi company capabilities while addressing regulatory environment of each location or country.
PowerCMS – A comprehensive Compliance Management application for India with specific focus on HR Compliances.
Strength and Forte
Ascent Consulting provides solutions, rounded completely for all needs of a comprehensive HR service delivery. They offer several services that are unique and not offered by many of their competitors. They have a full suite of products or services for HR Service Delivery which covers enterprise HR Management System on the cloud supported by an efficient managed service of Payroll & Benefits Administration in addition to Compliance Management & Consulting Support, which are managed services. All of these tools and services complete the transactional and strategic part of HR service delivery which makes them a niche company, setting them apart from others.
Another factor where Ascent Consulting differs is in their ability to provide a unified and integrated platform not just for India, but many countries worldwide. It is this unique platform that they bring to the table, making them relevant for global mobility which has helped them in establishing presence in 25 countries around the world.
Tactics That Cracked Challenges
Essentially, Ascent Consulting believes in the 3A’s – Accuracy, Adaptability and Accountability, thus ensuring customer delight and proficiency in every task. They believe that it is necessary to put themselves in the shoes of the client when they deliver HR services and hence they try to be accurate, adaptable and accountable in everything they deliver. Meeting client needs and providing solutions are in the DNA of all professionals at Ascent Consulting.
Across the globe, HR is a non-standard practice and is quite unique to each industry or entity. For this reason, it is necessary to work around and try to see how to reflect the ambitions and aspirations of that particular entity and its human resource in an interactive manner, ensuring a path to excellence. That’s one of the key elements of the issue.
At Ascent Consulting, they believe that by offering their own solutions they have the advantage of being adaptable, an option which would be lost to them had used inflexible third party solutions. Therefore, flexibility, agility and adaptability are something that they keenly bring to the table and this has been something that has helped them overcome obstacles. It also has the advantage of providing such solutions in a short span of time.
At Ascent Consulting, their inherent approach to assist a client in any function always provides the best combination of skills & knowledge resulting in an excellent outsourcing service or solution
Relation with Clients
Traditionally, Ascent Consulting have been a company that is into outsourcing which means that they try to take enterprise clients and manage services which has been the storyboard of their enterprise so far. In addition to that, they provide services in the form of staffing and training. They also have value addition in terms of their new SMB solution, i.e. Small Business Solutions, which is more like a software service in the cloud that is thus unique in terms of its approach.
This has probably been born out of the experience that Ascent Consulting has dealing with enterprises because of which they are familiar with the pain points, the challenges and the tough tasks that lie ahead of the HR Service Delivery. This has led to a kind of combined expertise which has been implemented in this. So they believe that by next year they should be on track for being the fastest growing company by scaling their worldwide presence. In their opinion, they should be able to do at least 200 clients in the current year.
Ascent Consulting have implemented a very large HRO solution for an enterprise which has more than 65,000 employees ensuring their capability in handling large companies. This is a unique experience as far as India is concerned. In short, one can say that they are Industry agnostic, Size agnostic, Practice agnostic. Ascent Consulting value and nurture every relationship. They always meet client needs and provide solutions which is in the DNA of all Ascentians.
Ascent Consulting’s Future Perspective
Having established their presence in India, Ascent Consulting has placed their feet in 25 countries around the world at this point of time. The volume of business in these 25 countries is not very high as of now but they believe that in the next 2-3 years they will be able to scale this as well as scale the number of countries as they grow. Ascent Consulting position themselves as an Asian competitor to major global players today and they are looking forward to becoming an Asian solution to the Global HR solution needs.