As per the small business mentoring organization SCORE, 40 percent of small business owners invest around 80 hours and thousands of dollars annually, trying to achieve that financial singularity. Under such circumstances, the best option would be outsourcing the company’s financial & accounting functions to an industry expert who also bears familiarity with the company’s vision. Mumbai based Themis Consult is one such organization that is deploying technology to help entrepreneurs grow their business by handling their key financial operations through its innovative accounting model.

A well-upgraded substitute to the traditional accounting methods, it involves measuring and communicating the true progress of innovation through financial ratio analysis, cash flow analysis, and various other concepts, whilst helping companies increase productivity and eventually grow to financial success at the fraction of a conventional cost and time. “The idea is to foster critical thinking skills, interpret more using technology tools, reduce memorization, encourage analysis,

and change the way data is interpreted,” asserts Mukul Karnani, Business Development Manager, Themis Consult. Offering insights into client’s operating, investing & financial activities, Themis provides month-on-month advisory on MIS reports to help clients identify process-related gaps & rectify them. Furthermore, the clients are facilitated with freelance Accountants, CAs and Senior Advisors backed with ‘Themis’ quality of deliverance and PAN India facility, which a traditional CA firm cannot ensure.

Offering insights into client’s operating, investing & financial activities, Themis provides month-on-month advisory on MIS reports to help clients identify process-related gaps & rectify them

A Novel Way of Accounting
Providing end-to-end professional accounting support for clients, Themis is highly adept in bookkeeping & preparation of annual unaudited financial statements that works like a charm when it comes to organizing complex accounting matters; thanks to the company’s three-layered team of accounting executive, chartered accountant and senior advisor that immediately gets cracking on clients’ dilemma. Though the recent events brought the tax filing under the limelight, it did not make the process any less

tedious. Themis once again comes to aid with its robust tax calculation and filing services, encompassing returns and planning.

Akin to a financial expert, the company’s virtual CFO sorts the clients financial processing by organizing process designing & documentation, support in the preparation & monitoring of annual business plan, finance functions & others. Its due diligence service provides peace of mind to both corporate & financial buyers, by analyzing & validating all the strategic assumptions while its diagnostic analysis offering performs a quick check on the client company, giving the promoters a true insight of their business. The highly sensitive nature of the client’s data is secured by adhering to NDA, deployment of original & licensed software and adequate encryption.

Owing to the knowledge it gained by working with over 450 clients akin to Pepperfry.com, Tata Projects, Haptik, Boku, Nykaa and several SMEs across eight cities, Themis understands clients’ requirement as well as limitations and has chalked out offline and online methodologies to serve them accordingly. Mukul explains, “We collect data of clients who lack space & money for accounting software and process it in our software like Tally, Red Apple, Libria, Quickbooks, Peach Tree, Xero and many more that prove to be economic and time efficient for the client, while enabling us to cater PAN India”. With unconventional ideas, this young organization is bringing a shift in the paradigm and hopes to help more entrepreneurs in years to come.