Challenge : CFO Services
Effective supervision which allows a Business to deal with major challenges
A reputed MSME organization engaged in the business of Exhibition stands was moving from a desktop accounting software to a Cloud based accounting software. They had only junior accounting staff to keep costs within budget. The accounting staff had little experience with shifts of accounting software and had made several errors which had caused the new software to carry incomplete and inaccurate data. This led to the management being severely handicapped in the smooth running of their business.Credence assessed the situation and took some quick decisions regarding appropriate cut offs and then provided a solution to ensure smooth transfer between the two software. Within a few weeks, Credence had brought the situation back under control and the new accounting software now had accurate information for the management.