About the Company

Industry: Fashion, Apparel & Accessories

Type: Privately Owned

Redwolf is an independent Indian clothing brand founded in 2011. It specializes in licensed pop culture-inspired merchandise, including graphic t-shirts, sweatshirts, and accessories. The brand caters to fans of popular franchises like Marvel, Disney, Star Wars, and many more, making it a hub for pop culture enthusiasts across India.

Problem Statements

As Redwolf grew, they encountered several financial challenges: Manual data entry: Their financial processes relied heavily on manual data entry, leading to inefficiencies and errors. Invoicing and TDS/GST compliance: The lack of automated systems made it difficult to manage TDS and GST filings properly. Time-consuming accounting: Accounting processes were slow, consuming significant internal resources and delaying operations. Compliance issues: Inaccurate reporting and manual processes led to challenges in maintaining compliance with tax regulations.

Our Solution

We addressed Redwolf’s operational issues by implementing streamlined financial processes:

Automated accounting processes: We introduced automation for data entry and reconciliations, significantly reducing errors and improving efficiency.

Compliance systems: We set up systems to ensure timely and accurate TDS and GST filings, eliminating delays and errors in compliance. Regular audits: We implemented regular audits to maintain accuracy in financial reporting and prevent discrepancies. T

ime-saving processes: By automating accounting tasks, we helped reduce the time spent on manual entries, freeing up internal resources for business growth.

Results

Our solutions led to several key improvements for Redwolf:

Improved financial accuracy: Automated processes ensured accurate, up-to-date financial records, reducing the likelihood of errors.

Stronger compliance: With the new compliance systems in place, Redwolf met all TDS and GST requirements, avoiding penalties.

Operational efficiency: The company saved significant time on manual accounting tasks, allowing them to focus more on core business activities.

Reduced stress: The burden of managing compliance and manual processes was lifted, allowing the internal team to operate more efficiently.

Benefits and ROI

Our partnership delivered the following benefits for Redwolf:

Operational efficiency: Automated processes reduced time spent on manual tasks, improving overall productivity.

Improved compliance: Redwolf strengthened its compliance with tax regulations, avoiding penalties and maintaining smoother operations.

Cost savings: By minimizing errors and manual labor, Redwolf achieved cost savings that translated into increased profitability.

ROI: Redwolf saw a significant return on investment through time and cost savings, improved compliance, and smoother financial operations, driving long-term profitability.

Client Testimonial

“We’ve been working with Brego (formerly Savage & Palmer) for the last couple of years, and they’ve definitely helped us streamline our accounting practices in what is a challenging regulatory environment. With so many day-to-day compliance requirements, their support has been invaluable. Brego has been a great partner on our journey, and we look forward to continuing our relationship.”

— Amay Khurasiya, Co-Founder, Redwolf