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Digitising the confirmation process

Types of confirmation

Balance

Balance

Trade receivables, trade payables, loans, advance, deposit etc.

Transaction

Transaction

Transactions such as sale, purchase, payment, receipts etc. with other business entities including related parties.

Third Party Stocks

Third Party Stocks

Stock lying with job workers, consignment agents, warehouses etc.

Contingent Liabilities

Contingent Liabilities

Guarantees to Banks, Financial Institutions, business entities etc.

MSME Status

MSME Status

Statutory compliance of disclosure norms of transaction with Micro, small and medium enterprises.

Bank Balance

Bank Balance

Current account, overdraft, loans, fixed deposit, bank guarantee etc.

Investments in Mutual Funds

Investments in Mutual Funds

Number of units held and their NAV under different schemes

Demat holdings

Demat holdings

Total securities held and the nature of their holding


Our way to confirm

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Upload

By Business Entity

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Authorise

By Auditor

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Sit Back and relax

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3 Click Response

By Confirmer


One stop dashboard

Reconciliation Platform


Firmway gives you additional benefits

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Verified Confirmer

Firmway verifies all the parties involved in the process including their authorised personnel thus increasing the authenticity and legal validity of the confirmation.
Watch video - 4:10s

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Increase Response Rate

Rationalized process of confirmation mitigates the risk of non – delivery to the authorised person (which currently hampers the process in 30% of the cases) and thus escalating the response rate.

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Saves Cost

Apart from eliminating courier and stationary expenses associated with the conventional method, man-days involved in the process are drastically reduced.

Watch video - 3:50s

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Reduce debtor collection cycle

Timely follow ups with appropriate person ensures improved debtor collection cycle.

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Economical Loans

Response from authorized user of verified entities increases the legal validity of confirmation.

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Increase Compliance to standard

With its digitized methodology of obtaining confirmations Firmway increases the accuracy and reliability of confirmations, thus ensuring better compliance to auditing standards

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Find out how we simplify for you

Business Entity

Business Entity

Auditor

Auditor

Confirming party

Confirming party

Years of Experiences

Professional Advisors

news cases
every years

Registered
Cases

Meet Our Team

Anand Yadav (Senior Software Developer)

6+ years of experience in full stack application programming for developing and maintaining large scale software systems in e-commerce and transportation domain. Possesses strong analytical skills, zeal to work in a start-up environment and effective multi-tasking ability. He has extensive knowledge in product development, product design, domain and business analysis.

CA Jay Savla (Director – Product Management)

Chartered Accountant with 4+ years of experience in financial services profession. He has worked with Mahajan & Aibara, a firm specialised in Internal Audits & Risk Consulting. He possesses in-depth knowledge of the business processes. His technical understanding of the product helps in serving exact needs of the client. He defines the ‘why’, ‘what,’ and ‘when’ of the product.

Fanil Zakhariya (Director – Operations)

Fanil comes with 5+ years of experience in Statutory Audit, Risk Consulting & Internal Audits. He has handled audit of MNCs and few listed companies. He is pursuing CA & MBA in Business Management. With his business & professional experience he handles Firmway Operations.

Krupal Solanki Chief Technology Officer

Krupal is a zealous IT expert who is spearheading the technology of Firmway. An alumni of Symbiosis, he comes with an innate knowledge of technology. Krupal has worked upon various stacks like big data, cloud computing, and web technologies. After a challenging stint with the startup BlazeClan, which honed his raw talent, he started his own venture and has been an integral part of Firmway since it’s inception.

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