Removing finance function bottlenecks with the right mix of people, processes, and technology
Client:
Leader in affordable housing finance
Industry
BFSI
Primary goal:
Strengthen financial reporting and controls to support an exponential ramp-up in business.
Serving over 5,000 customers across urban India, with loan sizes from INR 5–10 lakhs, this leading NBFC provider was entering a phase of rapid business growth, and existing accounting operations couldn’t keep up. Ineffective processes led to delays in revenue recognition, month-end MIS reporting challenges, and reconciliation bottlenecks. A finance function overhaul was imperative, and Pierian stepped in to make it possible.
Key objectives
01
Build a dedicated accounting team with the right skills.
02
Standardize accounting processes with technology interventions.
03
Implement robust controls and review mechanisms.
04
Enable real-time MIS reporting and audit support.
The Pierian edge
Working with the client’s functional heads, we mapped AS‑IS workflows, identified gaps in reporting and reconciliation, and deployed a TO‑BE process to drive reliable financial operations.
Established an in-house accounting team trained in revenue recognition, AR, AP, and general ledger activities
Standardized core processes across the finance function, including revenue recognition, reporting, and customer reconciliation
Scheduled periodic customer account reconciliations to ensure data integrity and timely dispute resolution
Developed and published insightful dashboards for MIS reporting, enhancing transparency and audit readiness
The engagement resulted in a scalable, efficient finance function that reduced risks, optimized cash flow, and paved the way for rapid growth.
Reliability
- Fewer errors and faster month close activities through standardized workflows and review mechanisms.
Visibility
- Up-to-date insights ensured timely revenue recognition and improved financial planning.
Compliance
- Robust controls and reporting met RBI and NHB requirements.
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