Quantum Advisors Private Limited ("Quantum Advisors"/ "QAS") was originally incorporated in the name of Quantum Financial Services Private Limited in the year 1990, and later changed its name, in 1998, to Quantum Advisors Pvt. Ltd. It was established by Mr. Ajit Dayal (Ajit) as India's first equity research house.
Quantum Advisors pioneered a quantitative as well as qualitative analytical approach to equity investing in India, providing for the first time, consistently applied valuation metrics to evaluate investment opportunities in India's emerging stock markets.They pioneered a quantitative as well as qualitative analytical approach to equity investing in India, providing for the first time, consistently applied valuation metrics to evaluate investment opportunities in India's emerging stock markets. Over the years, Quantum Advisors has continued to enhance its tradition of extensive financial analysis and value investing, and has evolved into an investment advisor and asset manager.
Furthermore, Quantum Advisors has acted as an independent advisor and local partner in India for many well-known institutions. It has been a SEBI registered portfolio manager since 1997, and has been registered with the SEC in the USA as an investment advisor since May, 2009.
The payroll problem
CA Tehsin Lakkadghat, VP Accounts and Finance, has been with the group for more than 7 years and has seen the group grow from a few members to a 160+ strong team. Initially, was managed manually and in-house using spreadsheets by the finance team. However, as the organization grew, it became increasingly difficult for Ms. Tehsin and her team to manage in-house.
Hence, they decided to partner with ADP, as it has a global reputation in the industry. They set their expectations very clearly from the beginning.
ADP had to:
Following the implementation phase, Tehsin and her team started observing the following changes in their process: