- Case Study 1: Neuberg Diagnostics
With a global presence across India, the Middle East, USA, and South Africa, Neuberg’s diverse corporate structure relied heavily on manual consolidation across SAP, QuickBooks, and Tally. Financial audits were stressful, and differences between MIS and actual results placed immense pressure on their finance team.
Solution & Approach
FINAHQ streamlined Neuberg's Chart of Accounts (COA) and used AI to automate GL mapping of 70,000 GL codes across multiple ERPs. By minimizing client effort (90% managed by FINAHQ), we reproduced and reconciled their financial statements swiftly.
End Result
Today, Neuberg achieves instant separate, consolidated, and dimensional reporting—transforming their audit experience and aligning their reporting with listed company standards.
Customer Quote
FINAHQ has dramatically driven efficiency in our financial reporting. Their dedication to making the onboarding seamless across multiple teams has been remarkable. I'd highly recommend FINAHQ to any group seeking simplified financial reporting.
Veranda Learning: Navigating 25+ Subsidiaries to Financial Reporting Excellence
- Case Study 2: Veranda Learning Solutions Limited
When you’re scaling as quickly as Veranda Learning—managing 25+ subsidiaries and catering to 75,000+ students—financial reporting becomes a complex maze. With multiple entities, new acquisitions, and regulatory demands, Veranda was struggling to keep up with 25+ standalone and 4 consolidated financial statements every month, quarterly SEBI filings with stringent requirements, and annual reporting with 55+ footnotes on average. The manual processes were stretching their finance team thin—monthly reports took 10 days, and quarterly reviews took 15 days, leaving little time to address auditor queries.
Solution & Approach
FINAHQ delivered a comprehensive solution in just 4 weeks:
• Automated GL mapping across multiple Tally systems to eliminate duplicates and streamline ledger management
• ICO reconciliations across 25 entities, flagging unmatched intercompany transactions for swift resolution
• Custom templates for SEBI filings to ensure compliance with minimal effort
• Comparative financial data for FY 23-24 to ease their transition
End Result
The results were game-changing:
• Monthly reports, which used to take 8 days, were now produced on Day 0
• Unmatched transactions were identified and corrected, thanks to automated reconciliations
• Full MoM comparative information made for seamless reporting
• Most importantly, automation allowed Veranda's finance team to focus on analyzing data and addressing auditor queries instead of preparing data manually
Customer Quote
"We tried several solutions prior to FINAHQ and we were quite pessimistic before the POC considering our complexity. We were blown away by how well FINAHQ worked and the team was able to demonstrate a complete POC which reconciled financials to our last audit. FINAHQ saves my team easily more than a week on monthly close and I believe we can still get more efficient over time."
-Mrutyunjaya, Group Controller
- Case Study 3: Swelect Energy Systems Limited
Swelect Energy Systems Ltd. is a publicly listed renewable energy company operating across solar power, energy storage, and water management systems in India. Managing over 20 entities with multiple ERP systems (SAP and Tally) created significant financial reporting challenges. The finance team struggled with manual data consolidation, extended timelines, and compliance requirements across information silos. Most critically, producing signature-quality PDF financial statements for board meetings was time-consuming and delayed approvals. Swelect needed a streamlined solution maintaining accuracy and compliance standards.
Solution & Approach
FINAHQ delivered a comprehensive solution in just 4 weeks:
• Custom templates integrating regulatory requirements and industry standards
• Automated data collection for ageing, disclosures, and segment reporting
• Signature-ready PDFs with professional branding and dynamic Excel outputs
• Pre-formatted disclosure notes ensuring full Companies Act compliance
FINAHQ managed 90% of the implementation workload, requiring minimal support from Swelect's finance team during their critical Q4 FY2024 reporting cycle.
End Result
- More than a week saved in reporting cycle.
- Decrease in time needed to create final signature-quality PDF outputs.
- Financial documents were available for signing at 100% of board meetings on the same day as the meeting.
- FINAHQ implementation resulted in completely accurate financial statements with zero material errors.
Customer Quote
"The implementation of FINAHQ has transformed our financial reporting process. What previously took weeks of effort from our entire finance team can now be accomplished in days with significantly fewer resources. Having signature-ready financial documents available on the day of our board meetings has been a game-changer for our approval process."
- Nikhila Group CFO
- Case Study 4: Sri Ramakrishna Group (SNR)
The SNR Group, based in Coimbatore, Tamil Nadu, is renowned for its contributions to education and healthcare through state-of-the-art facilities and colleges. With over 35 years of excellence, they manage 25+ units across diverse operations: colleges, hospitals, pharmacies, and hostels. However, their 15,000+ GL codes in Tally made financial consolidation a challenge, with month-end close taking 15 days. They needed a solution to reduce this to just 2 days.
Solution & Approach
FINAHQ delivered a comprehensive solution tailored to SNR's unique needs:
• Leveraged deep Tally connectors to automate key processes and accounting entries
• Automated monthly GST close using GSTR reports for seamless compliance
• Custom solutions for revenue recognition automation across colleges
• Delivered a touchless close experience for the finance team.
End Result
The transformation was remarkable:
• Reduced book close time from 15 days to just 2 days
• Enhanced accuracy with significant improvement in financial reporting quality
• Instant financial insights empowering quicker decision-making
• Automated manual tasks, increasing quality and accuracy of financial closes
• Post-implementation success in gaining instant access to financial information
Customer Quote
FINAHQ has dramatically driven efficiency in our financial reporting. Their dedication to making the onboarding seamless across multiple teams has been remarkable. I'd highly recommend FINAHQ to any group seeking simplified financial reporting.
-Seshadri Subbaraman, CFO
From Data Scattered Across Locations to Real-Time Financial Excellence
- Samayanallur Group (Madurai Power Corporation Private Limited)
Samayanallur Group is a diversified powerhouse with interests in power, aircraft maintenance, hospitality, realty and more, operating across the US, France, and India. Managing over 15 legal entities using multiple ERPs like Tally and custom applications created significant challenges. Despite their scale, financial reporting wasn’t keeping up with data scattered across locations, consolidation stuck in Excel, and no unified Chart of Accounts. This resulted in audits that dragged on forever, delayed reports to stakeholders, and zero real-time visibility into critical financials.
Solution & Approach
The transformation delivered real-time excellence:
• Integrated smoothly with Tally and custom systems - everything in one place
• Real-time reports at the click of a button: separate reports for entities, consolidated financials across the group, and dimensional insights for deeper analysis
• Access to real-time information instantly, empowering teams to analyze rather than waste time preparing reports
• Streamlined processes and simplified consolidation across all entities
End Result
The transformation delivered real-time excellence:
• Integrated smoothly with Tally and custom systems - everything in one place
• Real-time reports at the click of a button: separate reports for entities, consolidated financials across the group, and dimensional insights for deeper analysis
• Access to real-time information instantly, empowering teams to analyze rather than waste time preparing reports
• Streamlined processes and simplified consolidation across all entities
Customer Quote
"I am impressed with how well FINAHQ works with Tally. As promised with FINAHQ we have transitioned with 18 months of prior information and today MIS reports/financials are accessible for me and my team at the click of a button. FINAHQ's Tally connectors are impressive in how they bridge the gaps to Tally to provide real time reporting in an accessible manner to me and my team."
— Balakrishnan Peruvemba Ramany, Managing Director
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