Client Requirement:
- A leading property management company witnessed exponential business growth
- Acquisition of new business led to multiple applications and non-standard processes
- Managing core business with required level of accounting standard and accuracy was a key challenge for the founder
Solution Provided
- Property management accounting resources were deployed to take over accounting activities
- Structured governance and management information system implemented to ensure right level of insights
- Standardized the process and controls introduced to bring in discipline in accounting operations
Value Delivered
- >50% of cost saving for managing Accounts function
- ~$100K of revenue leakage identified through clean up of wrongly posted transactions
- Enabled better strategic decisions through timely financial reports on profitability
