Practus’ Finance Transformation Solutions offered this Pre-school chain better visibility in their business operational parameters, resulting in faster decision-making.

Client ROIIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
Pre-school chain6.7xEducationPrivate, PE BackedProfessional1000 – 1500$21 million9 months

About The Company

Star-School is a pioneer in India’s branded pre-school segment with international standards and is ranked among the top five pre-school chains in the country. The company manages 884 pre-schools in 311 cities on a franchise model. The brand also started the K-12 schools to provide continuity of higher education.

Practus’ Role in Finance Transformation

  • To improve the effectiveness of the F&A function, conduct finance transformation to identify gaps and manage project implementation.
  • To implement controls at all the levels – transactional, process, ledger, and trial balance.
  • To evaluate data integrity and the accounting systems.
  • To develop a comprehensive SOP document for the revenue and transactional booking process.
  • To create a straightforward month-end closing process to address all areas of concern, including CARO and company law requirements.
  • To evaluate the gaps and conduct a one-time master clean-up.
  • To create procedures and reports to handle payment tracking and collection.
  • To train the F&A team members to run the processes independently.

Impact Delivered in Finance Transformation

  • Provided better visibility into the business’ operating parameters, resulting in improved and faster decision-making.
  • Assisted in business process improvements and improved the financial reports’ quality, accuracy, and credibility.
  • Developed a detailed SOP document– which reduced the learning curve and improved ease in delegating tasks for better performance evaluation
  • Created a master data review, assisted in reconciling legacy issues, and completed cleaning up the data and systems.
  • Improved control standards dramatically and helped in the recovery of old debtors.

See how Practus can assist you in improving your organization’s Performance

*Client Name has been masked for the purpose of confidentiality