A niche IT Solutions provider that designs software for managing the administration of housing societies and gated communities with presence in India, Singapore and UAE

The Problem

With the plan to expand into US and other South-East Asian countries, the company needed to

• Raise capital to support the expansion
• Restructure the balance sheet to support growth and investments
• Enhance the capabilities and skills of the finance team and empower them to manage the change
• Develop a decision support system to empower management decisions

The Solution

iRAISE worked on this and

• Implemented Management Reporting that was standardized
• Introduced budgeting and control systems to assign roles and responsibilities
• Developed a plan for global expansion including capital raise / investment
• Bank funding was organised to ease out the working capital requirement

The Result

• By introducing virtual CFO services, the client was freed from routine tasks.
• Customer could focus on developing the strategy and growth plans.
• With increased focus, investor relations improved
• The customer was so happy that routing accounting and compliance activity was moved to the iRAISE Managed Services team