How Finsmart Accounting Helped AcuTech Consulting Streamline Accounts Receivable and Boost Cash Flow
A renowned process safety and risk management firm, struggled with inefficient Accounts Receivable processes, hindering cash flow and financial visibility.
Finsmart Accounting’s specialized outsourced Account Receivable expertise transformed firm’s financial operations, optimizing cash flow management and ensuring timely payments.
About Customer
Founded in 1994, AcuTech Consulting Group emerged as a specialty consulting firm, providing process safety, chemical security, and emergency management expertise. With a global presence spanning the US, India, Asia-Pacific, Europe, and the Middle East, AcuTech established itself as a trusted partner for industries handling highly hazardous chemicals.
Despite its success, AcuTech’s financial management systems struggled to keep pace, hindered by inefficient timesheet tracking, ineffective Accounts Receivable processes, inconsistent cash flow, and inadequate financial controls, which collectively posed significant risks to the company’s financial health and operational efficiency.
Challenges
Our Approach
To address AcuTech’s accounting challenges, Finsmart Accounting took a comprehensive approach:
Our Solution
Since there were multiple problems to be addressed, we adopted a step-by-step approach, where we took one problem at a time, solved it, and then moved on to the next one. Here’s what we did:
AcuTech-Finsmart Accounting Partnership Success
AcuTech’s partnership with Finsmart Accounting successfully optimized cash flow and streamlined financial operations.
Leading Global Accounting Outsourcing Firm
Accounting Seat by Finsmart Accounting is specially designed for Accounting & CPA Firms and Global Corporates. This model aims to permanently solve staffing challenges in the Accounting Industry. We provide Bookkeepers, Tax Preparers, and Accountants on a subscription model.
With over 18 years of experience, we have championed the outsourcing model. We follow compliance-first accounting practices with strict adherence to regional laws and accounting standards. We also ensure customer delight through timely delivery, the highest level of security, and efficient operations. With AI-powered technology and human judgment, we ensure you get accuracy in the services, with the highest attention to detail.
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