About the Company

Industry: Streetwear and Collectibles

Type: Privately owned

SoleSearch is India’s leading marketplace for limited edition sneakers, streetwear, accessories, and collectibles.

The company connects sneaker enthusiasts with rare and exclusive products, becoming a hub for the growing sneaker culture in India.

Problem Statements

As SoleSearch scaled, they encountered several financial and operational challenges:

Invoicing defaults: Difficulty managing invoicing due to inconsistent financial systems.

MIS inefficiencies: Delays in generating accurate MIS reports.

Outdated purchasing prices: Manual processes led to outdated purchasing data, impacting profitability.

Compliance challenges: Compliance issues due to improper record-keeping and reporting.

Our Solutiion

We implemented a tailored solution for SoleSearch, addressing these critical financial issues:

Financial reconciliation: We set up structured processes to handle financial reconciliation, ensuring invoices were properly tracked and accounted for.

Internal controls: New internal controls were introduced to improve purchasing accuracy and streamline the process for updating prices.

Automated MIS reporting: We implemented automated MIS reports to provide timely and accurate financial data, aiding better decision-making.

Compliance systems: We helped strengthen compliance by introducing proper record-keeping practices and ensuring all reporting was accurate and on time.

Results

Through our involvement, SoleSearch experienced the following benefits:

Improved financial reporting: Accurate, up-to-date financial reports allowed the company to make informed decisions.

Enhanced pricing controls: With better processes in place, purchasing prices were regularly updated, boosting profitability.

Stronger compliance: Improved compliance measures ensured the company met all regulatory requirements, minimizing risks.

Operational efficiency: With better internal controls and automated systems, the company saved time and reduced errors.

Looking Ahead SoleSearch continues to work with us to further optimize their financial processes as the company grows. As SoleSearch expands its marketplace offerings, our support will remain crucial in maintaining smooth financial operations.

Benefits and ROI

Partnering with us delivered substantial benefits for SoleSearch:

Operational efficiency: Automated reporting and better internal controls reduced manual processes, saving time and resources.

Improved profitability: Accurate pricing and updated purchasing data improved margins and overall profitability.

Compliance confidence: With structured reporting and financial reconciliation, SoleSearch improved compliance and minimized regulatory risks.

ROI: By enhancing profitability through better pricing controls, reducing time spent on manual processes, and preventing compliance penalties, SoleSearch realized a significant return on investment, driving both short-term savings and long-term financial stability.