A real estate start-up with annual turnover of ₹15 Crores was able to build their accounts and operations effectively in no time. Let’s see how.

Client Challenges

  • Lacking in project planning, task scheduling, allocating tasks and improper tracking of the activities.
  • No proper updating or providing necessary legal documents and drawings to respective department or site.
  • Delays in statutory payments causing heavy penalties and interest.
  • Budget vs. Actuals are not analyzed, and under / over budgeted expenses are not reported.
  • Lack of cost center wise revenue & expense tracking system.

PKC Solutions

  • Implemented Project Management software to plan, assign and schedule tasks.
  • Automated GST & TDS reports in tally.
  • Provided Statutory due date charts and automated email reminders.
  • Provided a customized project wise budgeting report which helps to track Budget vs Actuals periodically.
  • Cost Centre and Stage wise purchase & expense masters were restructured in the accounting software.
  • Provided Checklist at each stage to provide necessary document to respective department.

Results

  • 95% reduction in time taken for filing returns.
  • 58% reduction in unnecessary and duplicate ledgers.
  • ~25% reduction in project cycle time.
  • Costs were in control and could track record for future projects.
  • Necessary document and drawings were available at the right time.

How PKC can help you

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