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    Digitising the confirmation process

    Types of confirmation

    Balance

    Balance

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

    Transaction

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

    Third Party Stocks

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

    Contingent Liabilities

    Guarantees to Banks, Financial Institutions, business entities etc.
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    MSME Status

    MSME Status

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

    Bank Balance

    Current account, overdraft, loans, fixed deposit, bank guarantee etc.
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    Investments in Mutual Funds

    Investments in Mutual Funds

    Number of units held and their NAV under different schemes
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    Demat holdings

    Demat holdings

    Total securities held and the nature of their holding
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    Our way to confirm

    cloud-computing

    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.

    Watch video - 3:50s

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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

    Watch video - 3:50s

    Find out how we simplify for you

    Business Entity

    Business Entity

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    Auditor

    Auditor

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    Confirming party

    Confirming party

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    Years of Experiences

    Professional Advisors

    news cases
    every years

    Registered
    Cases

    Meet Our Team

    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.

    CA Vivek Chandan (CO- founder)

    Vivek is a practicing Chartered Accountant. He has 5+ years of experience in field of Auditing & Assurance and has worked with KPMG. He has experienced execution of audits for large corporates. He is well acquainted with the nuances and difficulties associated with the process of obtaining confirmations.

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