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Case Studies
How our accurate accounting and timely MIS reporting enabled a Bangalore-based software solutions firm CTPL to ace investor due diligence and make informed financial decisions.
About
Our client, CTPL, is a Bangalore-based software company, with core specialisation in developing innovative software solutions and handling IT infrastructure related services. Additionally, they have now started their research on AI - and are keen to addresses complex technological challenges for various businesses - with a strong focus on innovation and AI-driven solutions.
Challenges Faced by the Client
High Costs for In-House Accounting
Complex Compliance Requirements
Lack of Real-Time Financial Insights
Need for Strong Internal Controls
Pressure of Attracting Investor
Solutions We Provided
Streamlined Accounting & Compliance
Provided Dedicated MIS Reporting
Setup of Strong Internal Controls
Complete Regulatory Support
Gain Investor Confidence
The Results
We streamlined CTPL's financial operations with precise bookkeeping, timely compliance and structured MIS reporting.
This allowed them to maintain complete regulatory adherence, eliminate all possible accounting inefficiencies and gain valuable financial insights without diverting focus from their core work.
50%
Cost Reduction
25+
MIS Reports Delivered
100%
Compliance Adherence
4x
Increase in Operational Efficiency
95%
Accuracy in Financial Forecasting
3x
Growth in Global Clients
A deeper look into the case study
Client Background & Early Challenges
CTPL is a Bangalore-based technology company, specialising in software development and IT infrastructure solutions. With a focus on innovation, they started expanding their services using cutting-edge, custom AI models to develop software for businesses. However, as they began their operations, financial management and compliance seemed to be a challenge.
From the start, CTPL operated with a lean structure, prioritising technology over back-office operations. Managing their books internally became a burden, eating up on their valuable time and resources. This forced them to shift their focus away from their core IT related work. Not just that, since compliance with statutory regulations in India required meticulous record-keeping and timely filings, they lacked time and expertise to manage these activities.
Another concern was their financial visibility. Without proper and structured MIS reports, CTPL struggled to get a real-time view of cash flow, revenue trends and monthly expenses. As the company grew, they realised the need for a strong financial framework - one that ensured compliance, improved financial reporting and provided timely insights without causing any problem to their core business operations.
With a strong compliance framework and real-time financial tracking, CTPL successfully passed investor due diligence, thus gaining investor's trust and approval for funding. Our financial advisory team helped them optimise cash flow and allocate proper resources enabling them to expand their business globally.
Solutions That Delivered Results
These are some of the services we provided for an IT company that was scaling rapidly but faced financial and compliance challenges.
1. Bookkeeping and Accounting
MSA started with taking care of CTPL's financial records, tracking all their income, expenditure and cash flow. This gave CTPL a better idea of where their money was going - without any errors or delays.
2. Handle Regulatory Compliance
Dealing with statutory regulations for a tech company can be challenging. We made sure that CTPL stayed compliant with all their tax filings, corporate governance laws and IT-specific financial regulations.
3. Timely and Data-Driven MIS Reporting
We created timely MIS reports that showed financial health reports, IT cost and project profit reports to mention a few. All these reports helped the company remain informed which helped them take data-driven decisions quickly.
4. Investor-Ready Financial Statements
When investors checked CTPL's financials, they needed clear and accurate records. Our experts helped them prepare detailed statements to gain investor confidence and get the required funding.
5. Strong Internal Financial Controls
As CTPL grew, we helped them set up financial checks to prevent all possible errors, control their spending and maintain accurate records across different departments.
6. Cash Flow and Budget Management
We helped CTPL plan their finances so that they always had enough money for their day-to-day operations - without facing any shortages in cash.
7. Audit Readiness and Financial Transparency
We made sure that all financial records for CTPL were structured and well-organised, so that the audits were easy and hassle-free - thus maintaining transparency.
8. Corporate Filings
When it comes to software companies, one has to submit different legal and financial documents every year. We handled these filings for CTPL on time to keep them compliant.
9. Payroll Structuring
We set up a proper salary system for employees handling their taxes and deductions properly, following relevant company policies as required.
10. Multi-Currency Accounting
Since CTPL worked with global clients, we set up an accounting system that handled different and mulitple currencies, ensuring proper invoicing and tax payments.
11. Financial Forecasting for Growth
With our in-house tools, we helped CTPL by predicting future financial needs based on the past data. This helped them plan better and avoid unexpected financial issues.
The Results
Final Outcomes and Business Impact
Through our support, CTPL managed their finances better, stayed compliant with regulations and earned investor trust, giving them with more time to focus on growth through software development services. Here is what we achieved together:
50%
Cost Reduction
By outsourcing their bookkeeping and compliance related tasks, CTPL cut down their financial management costs.
25+
MIS Reports Delivered
Every MIS report was delivered on schedule, helping the client stay informed at all times.
100%
Compliance Adherence
We made sure full regulatory compliance and eliminated all possible risk of penalties or legal issues.
4x
Increase in Operational Efficiency
With the entire finance activities managed by us, the company could now focus on product development.
95%
Accuracy in Financial Forecasting
Our data-driven reports helped budgeting and provided forecast helping them plan future.
3x
Growth in Global Clients
The company increased their client base globally and started expanding their services across the world.
Final Thoughts
Our experience with CTPL highlights how the right financial support can make a big difference. By handling their accounting, compliance and reporting, we helped them pass the financials and legal due diligence conducted by the investors. Thus, with a strong financial base in place, CTPL are now in a better position to scale, attract investors and expand their software services globally.
Note:
As per the advisory issued by ICAI – The Institute of Chartered Accountants of India, we follow their Website Design Guidelines (given below). Hence, we are unable to disclose our clients' full names on our website and have instead used abbreviations. If you require detailed information about our clients, please contact us.
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