Streamlining Finances for a High-Growth

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NovaTech Startups Inc | July 2023

Accurate reporting and real-time dashboards led to better funding

NovaTech Solutions is a fast-growing IT and software development company based in Jakarta, Indonesia. As they expanded, their internal team struggled to keep up with the volume of financial transactions, vendor payments, and monthly reports. They approached our firm seeking a structured bookkeeping system and accurate financial documentation to support decision-making and compliance.

The Challenge

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Disorganized financial records scattered across spreadsheets and email chains
Delays in monthly closing, often by 2–3 weeks
Inaccurate income tracking due to unrecorded invoices
Stress during tax filing season caused by missing data and reconciliations

Our Solution

We started by conducting a full audit of their existing records and accounting workflows. Here’s what we implemented:

1. Transitioned to Cloud-Based Accounting Software using Xero, integrated with their invoicing and expense tools.
2. Standardized Chart of Accounts tailored for software companies, allowing better tracking per department and project.
3. Monthly Bookkeeping Services with reconciliations, categorization of expenses, and consistent closing schedules.
4. Custom Financial Reports including profit & loss per product line, cash flow analysis, and monthly trend summaries.
5. Team Training on proper document handling and expense coding to reduce manual errors.

The Results

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100% On-time Monthly Closings
75% Reduction in Financial Errors
Accurate, Easy-to-Access Reports for management and investors
Improved Tax Preparedness well ahead of the deadline
Better Internal Decision-Making with real-time insights into cash flow and project margins

“Working with your team was a turning point for our operations. We finally feel in control of our numbers, and making decisions has never been this clear. The level of professionalism and consistency is outstanding.”

Clara Wijaya

Chief Operating Officer, NovaTech Solutions

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