FinaHQ for Technology Companies
Effortless Financial Consolidation & Compliance for Fast-Growing Tech Enterprises
FINAHQ automates and centralizes financial reporting for technology companies, enabling seamless compliance and real-time decision-making.
Technology Industry Overview & Challenges
Multiple accounting systems like Tally, SAP, QuickBooks, and Oracle create reporting silos.
Manual consolidations slow decision-making, impacting agility in a competitive market.
Tech firms dealing with SEBI, IFRS, struggle with evolving regulations.
Cross-border transactions and multi-currency reporting increase complexity.
Core Features Tailored for the Technology Industry
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ERP & Accounting Software Integrations
Seamlessly connects with SAP, Tally, QuickBooks, Xero, and other systems.
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Automated Intercompany Reconciliations
AI-powered transaction matching & eliminations reduce discrepancies.
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Audit-Ready Reports
Auto-generate SEBI, IFRS, and investor reports in one click.
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Excel-Based Output with Version Control
Export reports in Excel, ensuring traceability and audit-readiness.
- Case Study 1: Veranda Learning Solutions Limited
Veranda Learning: Navigating 25+ Subsidiaries to Financial Reporting Excellence
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
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