About the Company

Industry: Children’s Clothing and Apparel

Type: Privately Held

Plan B is a children’s clothing brand founded by Vaidehi Shah and Sneha Raisoni. It focuses on offering stylish, fun, and high-quality clothing for kids. The brand has gained popularity for its comfortable and creative designs, appealing to parents seeking trendy and functional clothing for their children. The company is known for its unique offerings and attention to detail, which sets it apart in the children’s apparel market.

Problem Statements

Complex accounting: As Plan B expanded, managing cash flow, invoicing, and tax compliance became increasingly complicated.

Tax compliance issues: The company faced difficulties in timely GST filings, risking penalties due to regulatory delays.

Manual financial processes: Manual bookkeeping caused delays in financial reporting and impacted operational efficiency.

Our Solution

Automated financial systems: Implemented cloud-based financial tools to automate day-to-day accounting tasks and streamline bookkeeping.

Tax compliance and reporting: Ensured accurate and timely GST and TDS filings, reducing the risk of penalties. Cash

Flow optimization: Introduced a real-time financial tracking system to provide better oversight of cash flow and support informed business decisions.

Results

Improved financial reporting: Automation allowed for timely, accurate financial reports that provided the management team with valuable insights.

Full compliance achieved: The company successfully met all GST filing deadlines, ensuring complete compliance and avoiding penalties.

Error reduction by: The automation of financial processes reduced errors in financial reporting, improving overall accuracy and efficiency.

Benefits and ROI

Cost savings: By eliminating late fees and penalties, Plan B saved significant costs.

Operational efficiency: Automated financial processes allowed for better use of resources, helping the company scale operations more effectively.

Enhanced decision-making: Real-time financial insights improved strategic planning and helped the founders make data-driven decisions for future growth.

ROI: Our Accounts and Financial Management services helped Plan B achieve full compliance, reduce error margins, and improve financial accuracy, positioning the company for sustainable growth in the children’s apparel market.