SSI Enters Financial Aggregation Market; to Help Start-ups Raise Funds Post Series A

When businesses are facing harrowing times due to ill-managed resources or ideas, the need to have specialized personnel to help the ideation sail through has increased multifold.

 

At this juncture, Setup Services India (SSI) announced its entry into the Financial Aggregation market.

 

The company aims to develop a one-stop financial services solution for the next-gen entrepreneurs; SSI aims to facilitate business registration, compliance(s) management and advisory processes to be robust, transparent and cost-effective.

 

Headquartered in New Delhi, SSI has a profound professional network and in-house team of CA/CS to ensure the efficiency and effectiveness of the services being delivered. The company says that the goal is to become an extensive KPO in the B2B arena and provide various solutions to the new India.

 

“SSI will be following aggregation model to serve its clientele from all over India. We aim to facilitate the ease of doing business in India by promoting the culture of outsourcing technical activities like accounting and bookkeeping, which will in turn help entrepreneurs to increase their focus on core business activities rather than on compliances,” said Nishant Arora, Founder, Setup Services India (SSI).

 

Explaining the Financial Aggregation model and its lack of popularity in India, Arora said, “A financial data aggregation service connects banks and individuals’ banking information, bringing it all together in one place, such as a mobile banking app that automatically sets and tracks budgets. They compile information from clients’ bank accounts, such as spending habits, investments, and credit histories, from a variety of banks to develop a personal financial wealth management tool for them.”

 

The company has extensive plans to expand in India. “We plan to explore and launch Industrial, commercial real estate advisory in phase 2 implementation to provide an extensive one-stop solution to its foreign clients who are willing to set up their business in India. Also, such products may or may not come under the umbrella of SSI but will surely be coming under Sixth Element Finserv P Ltd., the holding company of SSI. Sixth Element Finserv Pvt. Ltd. will be expanding in investment advisory domain extensively and may initially come as an investment advisory company and then launch a full-fledged portfolio Management Service in its own brand,” said Arora.

 

Helping the country with the Startup India initiative, SSI aims to be a one-stop solution for all financial services start-ups may be looking for.

 

Talking about the role company intends to play start-ups domain, Arora said, “Our portfolio extends from incorporation, compliance management to outsourcing of key statutory requirements like maintaining books of accounts, ROC registers, etc. In the first phase, SSI will help Startups raise funds post-Series A and have tie-ups with leading Investment bankers based out of the United States of America. However, in phase 2 implementation i.e., around after six months, SSI will start a mentoring programme for Start-ups, entrepreneurs and guide them on how to scale up their business ventures.

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Websites : https://www.setupservicesindia.com/

Contact Us : Business setup services India

virtual cfo services in india

Presently, after the eruption of the pandemic worldwide, new companies and corporates are searching for approaches to run lean. There is stress in a lot of industries and even established promoters now want to slice out high costs associated with their senior management to maintain good profitability.

This condemns us all to rethink and derive new solutions wherein innovative and remote capabilities can serve the purpose of the appraisal, decision-making, and efficient use of man-hours in senior management roles.

As a result of the above, a new pattern of employing Virtual CFOs over the more conventional in-house full-time CFOs is now being adopted at an exponential rate.

Promoters, Board of Directors and CEOs usually make the following inquiries before hiring a Virtual CFO:

• What level of administrations do virtual CFOs offer, and how competent are such professionals when it comes to practical situations?
• Are Virtual CFOs’ really accessible? How they convey reports?
• What's more, obviously, how much do the low maintenance CFOs cost in 2021?

In this elaboration, we will cover a portion of the essentials of working with a virtual CFO and give you essential information.

What does Virtual CFOs Offer?

• A Virtual CFO can distinguish and oversee accountant(s)/regulator(s) and various Intra-organizational budgets, plans, and running accounts to create dependable information and decipher the outcomes, delivering a deep analysis on how to steer the Board of Directors towards expressed objectives. The outcome is that the promoters then get to know, precisely: where, when, and how to center policy and procedural decisions to ensure an effective, efficient, and statutory compliant financial internal control system.

• A Virtual CFO can shape the accounts department with an upper hand. In case you are monetarily baffled, odds are your rivals are as well; however, they are likely not perusing this post and effectively looking for an answer. An accomplished CFO can help you cut waste, convey cash proficiently, and discover more noteworthy creations or development openings. With their assistance, you can be in a situation to stride in front of different associations with a specialty.

Get More Info :  virtual cfo services in india

Challenges On The Path To Taking A Company Towards IPO | Virtual cfo Services in India

 

• When planning to take your company public, it is critical to map investor sentiments for the brand/ company and create the right pitch that is attractive and valuable for all proposed stakeholders

 

• The many laws that regulate the running of public corporations account for the significant variation in how public and private companies are handled.

 

• When the company decides to go for IPO, it must build the right team to go public; selection of competent lead managers and merchant bankers for its issue is a must.

 

Entrepreneurs who dream of taking their firms public might anticipate declaring their IPO by striking the stock exchange bell and celebrate an elaborate closing meal. 

 

However, these heady pre-IPO fantasies may swiftly run into several substantial real-world problems that public company executives encounter regularly. There are significant challenges that public firms regularly face that private company owners should carefully consider before deciding to go public.

 

Indeed, it is a crowning glory, but a lot of planned hard work has to be put in to win the crown. When planning to take your company public, it is critical to map investor sentiments for the brand/ company and create the right pitch that is attractive and valuable for all proposed stakeholders. Then comes conducting due diligence and drafting of a proper road map on handling all the incremental compliance requirements that come post the IPO. It should be recalled that there will be new responsibilities and restrictions that may come for the management post IPO, and these need a proper assessment before taking the dip.

 

Extensive Regulations

 

The many laws that regulate the running of public corporations account for the significant variation in how public and private companies are handled. The company will be required to follow extensive internal compliance procedures, file financial reports, accept financial performance audits by independent third parties and comply with operating rules that did not exist when the company was a private, closely owned enterprise.

 

When the company decides to go for IPO, it must build the right team to go public; selection of competent lead managers and merchant bankers for its issue is a must. In technical preparation, assessment of the possible listing venues and checking eligibility, for respective exchanges should not be ignored. The hardest part is the internal restructuring of the business entity. Companies often do not plan their efficient internal restructuring before their IPOs. It is necessary to restructure to enhance company/ brand/ share valuations, paving the way for easier compliance management in the future, organising the existing capital structure, and better presentation and transparency in the financial statements.

 

Identification and appointment of independent directors are vital; in the corporate boardroom, these directors are frequently regarded as the forerunners of shareholders. They have a fiduciary responsibility, which is important in company governance. Because independent directors play such an important role, proxy advisers who give voting recommendations scrutinise resolutions pertaining to their nomination and reappointment more closely.

Get More Info : Trademark Registration Services

Websites : https://www.setupservicesindia.com/

Contact Us : Company Setup Services India

SSI Enters Financial Aggregation Market; to Help Start-ups Raise Funds Post Series A

When businesses are facing harrowing times due to ill-managed resources or ideas, the need to have specialized personnel to help the ideation sail through has increased multifold.

 

At this juncture, Setup Services India (SSI) announced its entry into the Financial Aggregation market.

 

The company aims to develop a one-stop financial services solution for the next-gen entrepreneurs; SSI aims to facilitate business registration, compliance(s) management and advisory processes to be robust, transparent and cost-effective.

 

Headquartered in New Delhi, SSI has a profound professional network and in-house team of CA/CS to ensure the efficiency and effectiveness of the services being delivered. The company says that the goal is to become an extensive KPO in the B2B arena and provide various solutions to the new India.

 

“SSI will be following aggregation model to serve its clientele from all over India. We aim to facilitate the ease of doing business in India by promoting the culture of outsourcing technical activities like accounting and bookkeeping, which will in turn help entrepreneurs to increase their focus on core business activities rather than on compliances,” said Nishant Arora, Founder, Setup Services India (SSI).

Get More Info : Trademark registration online

Websites : https://www.setupservicesindia.com/

Contact Us : Business setup services India