Effective decision making is among a corporate leader’s most vital skills. The decisions are made bases relevant, accurate and timely information provided to the management. The financial performance information (viz., profitability, cash flow, trends, growth, key financial ratios) play a vital role in key decision making.

In most SMEs, the Accounts and Finance transactions are captured in Tally. Majority of companies face a challenge or inability to get the right information at the right time due to inadequate configuration of masters in Tally (Chart of Accounts, Vendor Master, Item Coding, and Supplier Master Etc.). Accounting Process streamlining, Cost Centers creation, Inventory Streamlining, Budgeting System, Month-end closure process and generation of MIS are critical for effective accounting system. The management needs a strategic partner to guide them to achieve process effectiveness.

B’Risk Value-Add

• B’Risk helps SMEs to get their accounts streamlined, set the budget and establish the MIS system to monitor performances/ improvement,
• We hand-hold our clients through the entire process
• We coach the team to manage the system post-streamlining.
• We provide expert service in Discrepancy Reconciliation and Resolution. We resolve financial, ledger, customer, stock, debtor, vendor discrepancies. Using advanced Data Analytical technology tools such as ACL & IDEA – 7, we perform intensive data comparison and analysis. We match source records with the ledger to identify discrepancies. Through our understanding of business processes and systems in the client organization, we identify root cause for discrepancies resulting out of faulty transactions as well as ambiguity in technology. We recommend sufficient controls for error-proofing the system. It helps provide the management Revenue Assurance in a cost effective manner. We develop client-specific Reconciliation Reports that capture items to be reconciled, inputs required for reconciliation and detailed reasons for discrepancies