CFO Services CFO Services for an improved workflow for A Juice Company

Practus’ CFO Solutions assisted the juice company to Improve the workflow and documentation process completion by more than 35% in the overall department.

Client NameROIIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
A Healthy Juice Company3.5xF&BVC BackedProfessional100-150$4 million12 months

About The Company

GoodHealth is a healthy juice startup that was founded in 2013. It is well-established, with commodities available in Mumbai, Pune, Delhi, Bangalore, Chennai, and Hyderabad.

Practus’ Role in CFO Services

  • A lack of adequate documentation.
  • Difficulties with process control.
  • Assume ownership of the accounting, function and lead the accounting staff.
  • Closing the books on time and giving the monthly management information.
  • Accounting issues from the past.
  • The requirement for a fully integrated system.
  • Raw materials, packing materials, and finished goods inventory problems, as well as inventory reporting to accounts.

Impact Delivered in CFO Services

  • Practus analyzed each area’s and department’s internal processes, found loopholes, and created processes and controls for complicated revenue systems.
  • We synchronized the registration and statutory compliance processes for direct and indirect taxes, labor compliance, and other areas.
  • The whole department’s workflow and documentation process completion improved by more than 35%.
  • A process was implemented across all departments, and an inventory control system was implemented.
  • Backlogs were cleared, legacy issues were addressed, and accounts were closed on schedule.
  • The usage of monthly MIS with analysis report timing was lowered by 40%.
  • SOPs and supporting templates for end-to-end processes implemented were:
    •  Procure-to-Pay.
    •  Order to Receipt Sales.
    •  The Process of Record-to-Report.
    •  Inventory Control (RM, PM, and FG).
  • SOP adoption has improved as a result of cross-functional collaboration.

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