About the Company

Industry: Media (In-Store Radio and Background Music Solutions)

Type: Privately Held

Alenka Media is a leading provider of in-store radio and background music solutions for businesses, including shops, malls, gyms, spas, hotels, and restaurants. With over 20 years of experience, they offer customized audio, video, and digital signage solutions to create immersive customer experiences. Alenka Media’s extensive music library spans over 25 languages and 150 genres, providing tailored content to enhance brand identity and consumer engagement.

Problem Statements

Complex GST system: Alenka Media faced challenges in navigating the complexities of the recently introduced Goods and Services Tax (GST) system, causing delays and additional costs.

Lack of financial strategy: The company lacked strategic financial planning and proper guidance, leading to inefficiencies in managing their business operations.

Multiple points of contact: Managing multiple points of contact created confusion and communication gaps, resulting in delays in financial reporting and compliance.

Our Solution

GST compliance support: We helped Alenka Media navigate the complexities of the GST system, ensuring timely and accurate filings to avoid penalties.

Streamlined financial reporting: Our team implemented an optimized financial reporting process, consolidating points of contact to reduce confusion and improve efficiency.

Automation of accounting processes: We introduced automation tools to improve the accuracy of financial reporting and reduce the risk of errors.

Results

Full GST compliance: Alenka Media successfully complied with the GST system, reducing delays and avoiding additional costs.

Improved financial accuracy: The automated financial reporting system provided accurate, timely reports, enabling better decision-making.

Enhanced communication: Consolidating the points of contact improved communication, leading to faster, more informed financial decisions.

Benefits and ROI

Increased operational efficiency: Streamlined financial reporting processes and automation tools reduced manual effort, saving time and resources.

Risk mitigation: Compliance with GST regulations minimized legal risks and potential penalties.

Improved decision-making: Accurate, timely financial reports enabled Alenka Media to make data-driven decisions for business growth.

ROI: Our Accounts and Financial Management services helped Alenka Media achieve full GST compliance, enhance financial accuracy, and streamline operations, leading to significant cost savings and improved operational efficiency.