About the Company
Industry: Handcrafted Leather Footwear and Accessories
Type: Privately Held
Desi Hangover is a brand dedicated to preserving and promoting Indian craftsmanship through handcrafted leather footwear and accessories. Founded by Ritesh Singh and Anand Dixit, the company empowers artisans while providing customers with high-quality, culturally rich products. Desi Hangover has established a strong presence both online and in retail stores, with a mission to uplift Indian artisans and create sustainable employment opportunities.
Problem Statements
Inventory and accounts management issues: The company struggled with managing inventory data and financial records in a timely manner, impacting decision-making.
Compliance gaps: Issues with non-deduction of TDS and GST led to potential compliance risks.
Manual financial processes: The absence of automated financial systems resulted in delays in reporting and inefficiencies.
Our Solution
Inventory and financial system: We implemented a structured accounting system to improve the accuracy of inventory management and financial reporting.
Compliance support: We ensured timely and accurate TDS and GST filings to maintain regulatory compliance and avoid legal risks.
Financial process automation: By introducing automated systems for financial management, we improved reporting speed and accuracy.
Results
Improved financial reporting: Automated processes resulted in timely, accurate financial reports, aiding in better decision-making.
Full compliance achieved: Compliance with TDS and GST regulations helped avoid penalties and ensured smooth financial operations.
Streamlined operations: Financial automation reduced manual errors, improved data accuracy, and freed up resources for core business activities.
Benefits and ROI
Operational efficiency: Automated systems and improved financial processes saved time and minimized errors.
Cost savings: Full compliance reduced risks of penalties, optimizing operational costs.
Better decision-making: Accurate financial and inventory data enabled the company to make more informed business decisions.
ROI: Our Accounts and Financial Management services helped Desi Hangover optimize their inventory and financial processes, achieving compliance and improving operational efficiency, enabling them to focus on growing their business.