Shield Foundation, an NGO serving seniors in Dharavi, partnered with us to streamline financial management, ensuring accuracy and compliance so they could focus on their mission of community support. Here’s how we helped enhance their financial stability.
Shield Foundation
Industry: Non-Profit (Community Services)
Type: Non-Governmental Organization (NGO)
Shield Foundation, founded in 2009, focuses on serving senior citizens in Dharavi, Mumbai. The organization provides need-based services, including healthcare, social support, and legal aid, through its resource center.
With a commitment to empowering the elderly, Shield Foundation has expanded its reach to support over 2500 seniors annually through its programs like “Adopt a Grandparent.”
Disorganized financial records: Shield Foundation faced difficulties managing its Book of Accounts, leading to errors in financial reports.
Compliance gaps: The organization struggled to ensure compliance with relevant tax laws and regulations.
Inconsistent financial reporting: Shield Foundation required consistent and detailed MIS reports to track its financial performance.
Book of accounts management: We assigned experienced accountants to accurately record transactions and ensure up-to-date financial statements.
Compliance support: Helped ensure that the foundation complied with tax laws and other financial regulations, minimizing risks of penalties.
MIS reports: Provided weekly MIS reports, offering clear insights into income, expenses, and other financial metrics.
Improved financial Accuracy: Our intervention ensured accurate and timely financial records, allowing Shield Foundation to make informed decisions.
Full compliance achieved: Shield Foundation met all regulatory deadlines, avoiding penalties and legal risks.
Enhanced operational efficiency: The introduction of an automated system improved the overall efficiency of financial operations.
Increased operational efficiency: Accurate accounting processes saved time and reduced manual errors.
Better financial decision-making: Detailed and timely financial reports supported strategic planning.
Compliance and risk management: Avoidance of penalties ensured smooth operations and financial stability.
ROI: Our Accounts and Financial Management services enabled Shield Foundation to focus on its core mission while ensuring compliance and financial accuracy, contributing to its long-term growth and success
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