Mercury Air-Conditioners, a prominent air conditioning provider, partnered with Brego Business to enhance financial accuracy and compliance. With improved internal controls and streamlined processes, Mercury AC achieved greater financial transparency and operational efficiency.
Mercury AC
Industry: Air Conditioning Solutions
Type: Privately Held
Established in 1990-1991, Mercury Air-Conditioners Pvt. Ltd. is a prominent provider of air conditioning units, including window, split, cassette, ductable, and VRV/VRF systems. The company serves a diverse clientele, including corporate offices, hotels, and industrial spaces, providing top-notch installation, maintenance, and repair services.
Known for their technical expertise, Mercury AC has earned accolades for their high-quality installations, particularly in the VRV segment, and boasts a state-of-the-art infrastructure, complete with a design office and fully equipped workshop.
Disorganized financial processes: Mercury AC had trusted external accounting teams that led to financial discrepancies and misreported data.
Inaccurate financial reporting: Financial statements lacked consistency and important information, making it difficult to track revenues and expenses accurately.
Compliance risks: Mismanagement of accounting practices led to a lack of control over essential financial data, posing compliance risks.
Internal control implementation: Brego established a robust internal control system, with clear procedures for financial data recording and verification.
Accounting software integration: The company adopted customized accounting software, enabling real-time visibility into financial operations and streamlining data management.
Training and support: Brego trained Mercury AC’s internal accounting team, equipping them with best practices for accurate financial reporting and analysis.
Financial accuracy: Mercury AC experienced a significant improvement in financial data accuracy, with consistent and reliable reporting.
Improved internal controls: The new internal controls reduced errors and risks of financial mismanagement, improving operational efficiency.
Timely compliance: With enhanced financial management, Mercury AC ensured timely and accurate filings, reducing compliance risks.
Increased financial transparency: Mercury AC gained better control over their financial processes, allowing for clearer insights into profitability and performance.
Enhanced compliance: The new system minimized the risk of penalties due to non-compliance with regulatory requirements.
Operational efficiency: Streamlined financial management processes freed up time for more strategic business functions.
ROI: Brego Business’s Accounts and Financial Management solution improved financial accuracy, compliance, and operational efficiency, positioning Mercury Air-Conditioners for stable growth.
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