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Audit Confirmation Demo - Firmway
Firmway
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Firmway

by : Firmway Services Private Limited

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Brand: Firmway Services Private Limited

Type: Software

Operating System: Windows

Free Trial Available: No

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Firmway Software Overview

What is Firmway?

Firmway is an accounting software deployed by businesses for efficient financial planning and management. This online software for balance confirmations ensures complete control over staff compliances, audits, finance and accounts. The automated accounting solution handles ITR default status, master data and onboarding for the management of collection lifecycle.

Firmway accounting software can be integrated with the existing ERP for supporting unstructured data and party ledgers. The accounting system also produces excel-based outputs and advanced algorithms for document level matching. Firmway online accounting software can further be used for designing forms for data collection purposes and tracking client responses in real-time.

Go Paperless with Firmway Accounting Software

Firmway software helps businesses go paperless while rationalizing the balance confirmation process and collecting and analyzing responses. The software also offers an onscreen reconciliation platform for sending confirmations and doing follow-ups.

Key Features of Firmway Software

  1. Portal for tracking the status of confirmations in real-time and summarizing the replies.
  2. Unique verification system for maintaining compliance with the existing standards.
  3. Robust audit tools for handling third-party stocks, MSME status, contingent liabilities and transactions.
  4. Audit documentation for maintaining confirmation records.
  5. Complete digitization for managing the response rates.
  6. Centralized monitoring for eliminating the chances of potential collusions and employee frauds.
  7. Legal validity as the software ensures that the responses are from the right person.
  8. Increased financial credibility
  9. Quick and periodic confirmation process for balances

Benefits of Firmway Accounting Software

  1. Increased response rates due to automated confirmation systems
  2. Better authenticity and validity of confirmations
  3. Cost saving as there is less paperwork to do
  4. Timely follow-ups for reduced debtor collection lifecycle
  5. Higher compliance standards

How Does Firmway Software Help with GST Reconciliation

  1. Unique algorithms for accurate matching
  2. Multi-GSTIN and multi-month reconciliations
  3. Summarizing vendor responses
  4. Report extraction from Excel
  5. Auto-vendor communications

Collection Management with Firmway Software

  1. Sending weekly outstanding
  2. Live read and responded status updates
  3. Capturing customer responses
  4. Shared dashboard for accounts and sales team
  5. Chat box for resolving issues

Firmway Services Private Limited Brand Details

Brand Name Firmway Services Private Limited
Information Firmway is a platform that digitizes balance confirmation and reconciliation process.
Founded Year 2016
Director/Founders Prashant Gupta, Vivek Chandan
Company Size 1-100 Employees

Firmway Features

Balance Confirmation

Perform balance confirmation for finding out disputed entries, missing invoices and duplicate payments.

Ledger Reconciliation

Firmware accounting software can be integrated with the existing ERP for performing ledger reconciliations.

GST Reconciliation

Firmway accounting system offers unique algorithms for completing multi-month GSTIN reconciliations.

Collection management

You can manage weekly outstanding and capture customer responses with Firmway.

Data Collection

This feature of online accounting software helps track and collect accounting and ledger data.

MSME Confirmation

Send closure reminders for completing audit trails with the accounting software.

Dashboards

Real-time dashboard support helps track balances and supports document management.

Email & SMS Notification

Automated SMS and email reminder system helps with timely follow-ups.

Reminder

Send up to five reminders for express closure within 15 days.

Tracks Real Time Status

Track in real time the financial data and stay up to date with your financial health.

Centralised Monitoring

Firmway offers a centralized monitoring system for detecting employee frauds in terms of financial data.

Firmway Plans & Pricing

Firmway price is available on request

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Firmway Specifications

  • Supported Platforms :
  • Device:
  • Deployment :
  • Suitable For :
  • Business Specific:
  • Language:
  • Windows
  • Desktop
  • Web-Based
  • All Industries
  • All Businesses
  • English

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Firmway FAQ

A. You can use Firmway online accounting software for creating forms and collecting and tracking the responses in real time.
A. Firmway accounting system supports GST reconciliations because of its unique and powerful algorithms.
A. Firmway supports collection management for customer responses and weekly outstanding.
A. The accounting software can be integrated with the existing ERPs for completing ledger reconciliations.
A. Online Firmware demo is available at techjockey.com on request

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