Meet Our Finance Prodigy: A Story of Compliance, Challenges and Solutions
In a world where finances are the backbone of any organization, our guest, Manoranjan Gupta, has become a prodigy in finance. Hailing from Delhi University, he joined forces with his cousin, a Chartered Accountant, and that's where his love for numbers and compliance began. After gaining valuable experience in the field, he joined Tripro Skill for four years before moving on to his current role as an Assistant Manager in Finance at Process Nine Technology.
About Process Nine Technology
Language Localization at its best. Established in 2011, Process Nine Technology is a language localization company that builds software to localize content in multiple languages. This helps its clients quickly go multilingual, whether English to Hindi, Hindi to Tamil or any other language. The company focuses on making language understanding easy for people to connect with a team of over 100+ members, including Manoranjan, a vital part of the finance team.
Roles and Responsibilities
As an Assistant Manager in Finance, Manoranjan works closely with his senior manager to ensure compliance with TDS and Roc compliances. The team comprises around 4-5 members who handle responsibilities such as AP, AR, taxation, and ROC compliances. The company also works with external consultants for Roc compliance, including CAs and auditors.
Challenges Faced: Keeping Up with the Ever-Changing Guidelines
The world of finance is ever-changing, and our guest, Manoranjan, faces various challenges, including data deviations and the increasing number of government compliances. With guidelines changing frequently, Manoranjan strongly believes that the team must modify their documentation regularly to stay compliant.
Since there are a lot of compliant processes happening every day, like the 7th of the month is for TDS and 11th is GST, 15th is PF so on and so forth, it gets difficult to keep track of it. Manoranjan has overcome this by going old school and simply marking all the deadlines on his paper calendar. This helps him ensure that compliance is completed within that timeline.
Reporting System and SaaS Metrics
Process Nine Technology's reporting system involves internal software, Google Sheets, and Excel spreadsheets. Manoranjan reports to his senior manager and the founders with little hierarchy.
Tally is used for accounting and audit purposes. In contrast, Google Sheets, Excel spreadsheets, and Power BI are used for internal reporting. Macros and VBA are used for automation, making reporting to the founders very easy. Power BI is used for interactive dashboard visualization.
Conclusion
In conclusion, Manoranjan Gupta has become a finance prodigy, quickly navigating the complex world of compliance. With his focus on practicality and the power of automation through macros and VBA, he has found solutions to the ever-changing guidelines of the finance world. Process9 Technology is lucky to have such a valuable asset in its finance team.