Automating Accounting Solution
How it works
By Business Entity
3 Click Response
One stop dashboard
Firmway gives you additional benefits
Firmway verifies all the parties involved in the process including their authorised personnel thus increasing the authenticity and legal validity of the confirmation.
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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.
Apart from eliminating courier and stationary expenses associated with the conventional method, man-days involved in the process are drastically reduced.
Reduce debtor collection cycle
Timely follow ups with appropriate person ensures improved debtor collection cycle.
Response from authorized user of verified entities increases the legal validity of confirmation.
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