Practus’ finance and accounting services assisted the manufacturer in reducing finance charges from 15% to 9% on an unsecured loan and 8.25% from 9% on a secured loan.

Client NameROIIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
Kitchenware5.7xTrading and ManufacturingFamily BusinessProfessional100~$6 million24 months and ongoing

About The Company

KitchenWare is a company that manufactures, distributes, and sells high-quality metal-based kitchenware and homeware goods for the domestic and international markets. Through six product verticals, the product portfolio covers the whole kitchen lifecycle: tableware, kitchenware, cookware, Serveware, barware, and giftware. Seeba is a renowned flatware manufacturer in India, supplying products under its own names.​

Practus’ Role

  • Managing the entire financial function and designing the finance framework, defining roles and duties, and integrating operational and financial systems.​
  • Finance function automation and vendor workflow systems monthly Management Information System (MIS) and Cashflow Reports.​
  • Management of cash flow.​
  • Documentation of SOPs.​
  • Finance MIS reporting has been improved.​
  • Ensuring that audits are completed on schedule.​
  • Dealing with bankers and arranging loans.​

Impact Delivered

  • Managing the entire financial function and designing the finance framework, defining roles and duties, and integrating operational and financial systems.​
  • Finance function automation and vendor workflow systems.​
  • monthly Management Information System (MIS) and Cashflow Reports.​
  • management of cash flow.​
  • Documentation of SOPs.​
  • Finance MIS reporting has been improved.​
  • Ensuring that audits are completed on schedule.​
  • Dealing with bankers and arranging loans.​