Redefining Accounting operations: Empowering Organizations with Accurate, Compliant, and Value-Driven Financial ManagementÂ
In today’s fast-paced digital world, the need for integrated, automated, and user-friendly accounting and financial management software has never been more vital. Digital CFO is set to transform the accounting software industry by moving beyond the traditional roles of merely preparing balance sheets, profit and loss accounts, and facilitating tax returns. MSMEs and the professional services market now expect software that transcends legacy functions, enabling businesses to fully harness their financial data through seamless automation. Digital CFO is at the forefront of this shift, establishing a new benchmark for what businesses and accounting professionals can achieve with their bookkeeping, accounting, and financial management software.
Our journey began in 2012 with the vision of ensuring real-time accuracy in transaction processing, which would, in turn, reduce turnaround times and enhance the efficiency of accounting processes. After nearly two years of intensive research and development, the Founder formally established the Company in 2014, creating the initial blueprint of the product. Over the years, we have developed a groundbreaking user interface that has set a new industry standard, offering capabilities not found in other SaaS or cloud-based solutions. A key transformative feature of Digital CFO is its ability to enable anyone within an organization—regardless of their accounting or tax knowledge or experience—to process transactions accurately. Our software enforces internal controls and tax compliance checks for every transaction before posting to ledgers, ensuring both accuracy and compliance.
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This innovative capability transcends mere transaction accuracy and the generation of balance sheets and tax filings. It empowers us to deliver real-time, automated value-added services, such as digital loans, invoice discounting, and a variety of banking products, directly to MSMEs. Digital CFO effectively bridges the gap between creditworthy MSMEs and banks seeking dependable clients, thereby unlocking new financial opportunities and fostering growth for small and medium enterprises. Our mission is to facilitate seamless access for MSMEs to the banking credit portfolio with minimal or no human intervention, making us pioneers in integrating these features within accounting software.
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Digital CFO is not just a product; it is a movement towards a more efficient, transparent, and user-friendly approach to financial management. As we continue to innovate and introduce new capabilities and improvements, we are confident that Digital CFO will permanently shift the accounting software landscape, setting new standards for what businesses can expect from their bookkeeping, accounting and financial management tools. Join us in this transformation and experience the power of Digital CFO—a product that is truly designed to empower every user and every business for the future.
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Unparalleled Integration and Automation
Digital CFO is engineered to simplify and automate complex accounting processes, eliminating the need for multiple software solutions or modules. Our platform integrates bookkeeping, accounting, tax compliance, internal control compliance, financial reporting, and management analytics into one seamless interface. This means no more switching between different tools, no more data inconsistencies, and no more manual errors. Our automated system ensures that all financial transactions are processed accurately, adhering to accounting principles and tax regulations, while instantly updating all connected reports and analytics in real-time.
The software provides the business to manage multi-level approval protocols for any of the line items in the chart of accounts.
DigitalCFO permits companies to set up user access and automate maker / checker process on the basis of different parameters
DigitalCFO permits setting up credit limits per customer both in terms of number of days as well as amount of credit and triggers alerts when credit limits are crossed.
DigitalCFO enables the company to setup pre-approved customers, vendors for different items and ensure that the staff processing transaction sell to / purchase only from pre-approved customers and vendors.
The software provides phenomenal flexibility by enabling the setting up of selling price for each item (if necessary) different price for different customers and / or at different branches / projects and also at different times.
Discount management is automated in DigitalCFO ®, whereby the software enables the company to set up discounts in terms of a % or a specific value for each item sold and even permits setting up different discounts for different customers and at different branches.
DigitalCFO enables the business to keep track of all advances and also displays the advances in real-time when any transaction is processed with a customer or vendor against whom there is unsettled advance so that the user or the approver can take necessary action while processing transactions.
IDOS has the capability to let the business upload supporting documents (in any format) for every single transaction and these documents can be stored and retrieved against each transaction, enabling the company to maintain a document trail for every transaction.
This is a very unique internal control capability which is available in our software whereby, the CFO / Manager can give a specific instruction to the users with respect to certain internal controls or rules that they need to adhere to when they process certain transactions.
DigitalCFO helps you to reduce cost of procurement by providing real-time insights on vendors who are able to provide you with best weighted average price and also lets you know if all your purchases are being made across all branches at optimal cost.
The software provides you with the ability to set up email based alerts to ensure that you do not miss any regulatory, tax or operations related deadlines and business commitments.
DigitalCFO comes with inbuilt expense budget management capability to enable the business to set up expense budgets for any expense line item in the chart of accounts and alerts you in real-time if budgets are exceeded, so that necessary action can be initiated on timely basis.
DigitalCFO has in-built payment gateway and provides you the capability to receive payments from your customers and also make payments to your suppliers directly from the software instead of logging in to your banking website separately.
The software provides you with powerful capability for efficient working capital management through its real-time invoice discounting module, whereby you can receive customer payment within 24 to 48 hours (subject to conditions) instead of waiting for 30 to 90 days. Additionally, DigitalCFO ® even enables you to get credit facilities from our banking partners ((subject to conditions) whereby you will be able to make payments to your vendors.
At Digital CFO, our mission is to make cutting-edge technology accessible to businesses of all sizes. We’ve designed our pricing model to offer unparalleled value, making Digital CFO the most cost-effective solution in the market today.
Our software comes in a single, all-inclusive version that includes every feature and capability needed to manage your business efficiently. This version is continuously updated, with new features and enhancements added on a regular basis to ensure you always have access to the latest advancements.
For just Rs. 1500 per month per business (payable annually in advance), you gain access to the full suite of Digital CFO’s powerful features. This includes:
If your business requires more than 150 users, we’ve got you covered. For every additional 150 users, we charge Rs. 1000 per month (per business, payable annually in advance), ensuring your growing business has the flexibility it needs.
Our pricing is clear and transparent, with no hidden fees or unexpected charges. Any upgrades in the software will be provided at no additional cost. Our commitment is to deliver exceptional value while helping you minimize your overall usage costs.
Cheruku Srikanth is a finance professional with over two decades of experience in bookkeeping, financial management, audit, software product management and project life cycle management. He visualised Digital CFO and singlehandedly conceived the idea of automating bookkeeping and in parallel enable the business, through automation, to leverage their proprietary accounting and financial data for their growth and success. He developed the functional architecture, conceived the business logic and developed the workflows and the first UI / UX for Digital CFO and launched the beta version of the product based on nearly eight years of research and a team of just four interns and 2 developers and singlehandedly managed to procure reputed clients including global accounting firms and banks. He even conceived the idea of seamlessly integrating invoice discounting and digital lending and related financial products into the accounting software in real-time. He has won many accolades for his innovation and is an active member of the Confederation of Indian Industry (CII) where he is a member on the national committee on IT & ITES. He has built a team of talented professionals at Digital CFO and he is currently supporting his team in their goal of becoming a software of choice for CFOs, accountants and financial service providers globally.
