About Arpita Mehta

Arpita Mehta is a highly acclaimed fashion designer renowned for her exquisite creations. She has served many celebrities and renowned figures with her outstanding eye in fashion and design. However, like many creative entrepreneurs, she faced challenges in managing the financial aspects of her business, impacting her ability to focus on her core passion.

Challenges faced

1. Lack of Financial Expertise: As a designer, Arpita’s primary focus was on her creative work, leaving her with limited time and knowledge to effectively manage her accounting and financial transactions.

2. Communication & Reporting Gap: We observed that the existing financial management processes had a gap in terms of communication and regular reporting.

3. Inaccurate and Incomplete Records: Before Brego Business came in, there was a lack of consistency in maintaining books which made tracking income, expenses, and overall financial health a challenge.

4. Cash Flow and Debtor Management Issues: The inconsistency in obtaining timely financial information impacted Arpita’s ability to manage cash flow and receivables  effectively.

Our Solution

1. Dedicated Team and Gap Analysis: To get Arpita’s financial documents and systems on track we assembled a specialized team, comprising an executive, manager, and QC personnel, with this team we conducted a comprehensive gap analysis of Arpita’s existing financial records to identify and address any pending tasks or inconsistencies.

2. Restructured Chart of Accounts: We optimized the chart of accounts according to Arpita’s business needs, ensuring accurate and organized financial tracking.

3. Streamlined Accounting Processes: We implemented a system with dedicated layers where the team included data entry at the first layer, thorough reviews on the second and MIS report preparation on the third layer. These reports were then discussed in detail with Arpita to facilitate informed decision-making.

4. Regular MIS Reporting and Consultation: We provided Arpita with regular MIS reports and engaged ourselves in proactive meetings, helping her understand her financial position enabling her to make informed decisions for her business.

The Outcome

1. Hassle Free Accounting: Improved finance tracking system and records  led to hassle-free audits and income tax filings, eliminating unnecessary stress and delays in the process.

2. Regular MIS Reporting: Access to MIS reports helped Arpita to make informed decisions regarding cash flow management and debtor tracking.

3. Improved Cash Flow: By tracking down the outstanding payments, we helped Arpita improve her cash flow and financial stability, allowing her to focus on growing her business.

Conclusion

We provided Arpita Mehta with the support and insights she needed to navigate the complexities of her business finances. By ensuring accurate record-keeping, team building, proactive communication, and insightful reporting, we made her decision making smooth while maintaining financial control and achieving sustainable growth in her business.