The accounting profession is passing through overarching challenges, with more number of firms competing with each other to provide prime services like never before. As ordinary services like compliance, tax preparation, and bookkeeping have been commoditized, SMEs are left with many choices in the crowded market. At Clarico Financial & Advisory Services, industry specialists who have experience in M&A advisory, risk consulting, and assurance & taxation, strive to deliver a one stop solution for all requirements. For organizations that seek ventures which can ensure the comfort of compliance, Clarico presents ethical channels to invest the money.

Presenting Economical Services
In the CFO services domain, Clarico offers a technical look that prevents any outpour of revenue. The company takes in an approach only after clarifying whether the client needs a service at that particular stage of growth. For businesses looking for funding rounds, Clarico helps them in the advisory domain for updating their business plan. Rather than billing a monthly remuneration, the company offers an hourly or requirement based charges for startups and SMEs.

As the firm confirms, it exercises monthly remuneration on the basis of accounting

activities such as bookkeeping, filing GST returns, and ensuring the ROC compliances. The company ensures an MIS for the kind of financial position and future the startups seek for.

“We introduce CFOs and they will be setting up own process for the clients. We also make sure whether the processes are followed or not,” says Ankit Jain, Co-Founder, Clarico Financial & Advisory Services.

For one of the clients from an IT-based industry, Clarico assisted them in setting up financing accounting software that enabled the company in focusing the bookkeeping operations. In another case, Clarico equipped a business with a Virtual CFO, helping them in selling out to a prospective fund house. The Virtual CFO assisted in all junctures of the operation from signing off all term sheets to the handover, acquiring the entire technical documentation proof for the client. Clarico has been their Virtual CFO for the past several years.

For businesses looking for funding rounds, Clarico helps them in the advisory domain for updating their business plan

Clarico is foreseeing to expand its services pan-India. For the past couple of years, the company has been working on building software that provides dashboard for the clients. As Ankit says, the idea is to present a dashboard that looks at the number of services offered and provides insights about the exact status of the prospective business. The software is expected to be launched within 6 months. Marketing is one of the challenges faced by the company.

“The economy is moving forward and the compliances are going up. New entrepreneurs want to make sure that the companies are entirely compliant. From what I have examined, people are now looking for one-stop solutions. In Clarico, we possess specialists who have expertise in the field to do the entire job. Businesses approach us for accretion and accounting, and we provide them with a one stop solution. We try to approach venture capitalists during funding rounds and also attempts to promote our services there,” adds Ankit.