Features & Pricing

Redefining Accounting operations: Empowering Organizations with Accurate, Compliant, and Value-Driven Financial Management 

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.

 

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.

 

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.

 

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.

Approval protocols

The software provides the business to manage multi-level approval protocols for any of the line items in the chart of accounts.

Access management

DigitalCFO permits companies to set up user access and automate maker / checker process on the basis of different parameters

Credit limits

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.

Pre-approved customers & vendors

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.

Selling price

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.

Discounts

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.

Advance management

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.

Supporting documents

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.

Knowledge Library (KL)

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.

Price analytics

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.

Alerts

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.

Budget management

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.

Payment gateway

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.

Invoice discounting

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.

Pricing

Affordable, All-Inclusive Pricing for Maximum Value

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.

Comprehensive SaaS Package

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.

Simple, Transparent Pricing

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:

  • Unlimited branches and projects: Manage multiple branches and projects without any additional cost.
  • Unlimited transactions and invoices: Process as many transactions and invoices as your business requires, with no restrictions.
  • Comprehensive Chart of Accounts: Enjoy limitless line items in your chart of accounts, tailored to your business needs.
  • Up to 150 Users Included: Bring your entire team onboard with access for up to 150 users at no extra charge.

Additional Users

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.

No Hidden Fees

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.

Set-up, Migration & Support

To ensure a seamless experience with Digital CFO, we’ve partnered with trained Chartered Accountants and subject matter experts across the country. These implementation partners are equipped to handle setup, configuration, migration and ongoing support services tailored to your needs. Please connect with our implementation partner to help your organization unlock the full potential of Digital CFO and maximize its benefits effortlessly. Please write to sales@digitalcfo.in to know more.

We strive to make our clients happy

  • Users only need to answer three or four simple questions using a dropdown menu, and Digital CFO will automatically process the transaction, completing ledger postings in compliance with relevant taxes and internal controls. This eliminates the need for manual journal entries and does not require users to have accounting or taxation knowledge to manage transaction processing.
  • The software ensures real-time accuracy, reliability, and compliance in the bookkeeping process, enabling the provision of upstream value additions such as digital invoice discounting, digital loans, and insightful decision-making, all in real-time.
  • Once a transaction is posted to the ledger, Digital CFO simultaneously updates all related reports and analytics, removing the need for spreadsheets to compile and prepare periodic reports.
  • It facilitates real-time allocation of income and expenses based on branches, projects, or cost centres, and provides branch/project/cost centre-wise trial balances in real-time.
  • The software allows for the configuration of travel advances according to eligibility norms, expense claims, and reimbursements, automating the accounting process for these claims and reimbursements.
  • Accounting for debit or credit notes is automated; users simply select the invoice against which the note needs to be issued, specify the required changes, and Digital CFO handles all necessary computations, accurately posting the results to the ledger.
  • Digital CFO alerts users to any existing advances when processing sales and vendor payments, enabling them to decide on adjustments. The software also automates the accounting process after identifying and calculating any applicable GST on the adjusted advance.
  • It offers real-time accounting reports and analytics for branches, projects, and cost centres.
  • Digital CFO is a fully integrated software solution that includes essential modules such as inventory management, travel and expense claims, and procurement processes (including bill of materials, purchase requisitions, purchase orders, and goods receipt notes).
  • The software includes built-in TDS ledgers (organized by section) and automates the entire process. Users do not need to know or remember when TDS applies, the applicable rate, or which ledger section to post. Once a transaction is selected, Digital CFO checks if TDS is required, calculates the rate, and completes the accounting automatically.
  • It allows the creation of up to 11 levels of sub-accounts under a parent account in the chart of accounts.
  • Digital CFO is managed by a team of experienced Chartered Accountants who continuously upgrade the product’s features, capabilities, and value additions.
  • Digital CFO Clients are more likely to trust a CA firm that demonstrates rigorous compliance with internal controls, robust data security, and transparency through an extensive audit trail. This trust translates into long-term client relationships and positive referrals.
  • These features collectively foster trust, transparency, and reliability, making the firm more attractive to clients and regulatory bodies, thereby strengthening its market position and credibility.
  • By streamlining the accounting process, Digital CFO allos the firms to handle a larger number of clients with the same level of resources.
  • Enables firms to expand their client base without proportionally increasing their operational costs.
  • Efficiency in managing the GST filing process for multiple clients, reducing the manual effort involved and minimizing the risk of errors.
  • Digital CFO offers real-time monitoring and alerts for any deviations from internal controls. This proactive approach enables CA firms to quickly address and rectify issues, maintaining the integrity of financial data.
  • Built in internal controls that all financial data is compliant with accounting standards and regulations, reducing the risk of errors and the time spent on manual audits.
  • Built-in audit trail that meticulously records all transactions and changes made within the platform. This audit trail provides a transparent and traceable record of all financial activities, making it easier to track and verify the accuracy of financial data. The audit trail captures details such as who made changes, what changes were made, and when they occurred, ensuring that every transaction is fully documented and accountable.
  • Digital CFO is hosted on Microsoft Azure, a leading cloud platform known for its advanced security measures and compliance standards. This means peace of mind for professional service providers, knowing that their clients’ sensitive financial information is protected by one of the most secure cloud environments available.
  • Azure’s compliance with global standards and regulations, such as GDPR, ISO/IEC 27001, and SOC 1/2/3, ensures that Digital CFO meets the stringent data protection requirements expected by CA firms for their clients.
  • Digital CFO enables the CA firms to comply to the requirements of Digital Competency Maturity Model initiated by the ICAI in terms of digitisation and automation of the bookkeeping & accounting processes.
  • Built-In Internal Controls and Immutable Audit Trails: Digital CFO features robust internal controls and a comprehensive audit trail that cannot be altered or disabled. This provides management and auditors with the highest level of confidence in the integrity and reliability of the data processed within the software.
  • Maker/Checker and Multi-Level Approvals: The software includes in-built protocols for maker/checker functions and multi-level approvals, ensuring that transactions are thoroughly reviewed and authorized according to established protocols.
  • Real-Time Documentation and Audit Evidence: Users can upload supporting documents and audit evidence with every transaction, which can be retrieved in real-time, enhancing transparency and compliance.
  • Customizable Access Controls: Digital CFO offers a wide range of options for setting up access controls tailored to individual users or groups. Access can be managed based on job roles, experience levels, branch operations, monetary limits, specific chart of accounts items, or transaction/report types. The software allows different access levels to be configured for users within the same branch.
  • Expense Budgeting and Real-Time Alerts: The platform enables the setup of expense budgets and provides real-time alerts to users and supervisors when these budgets are exceeded, aiding in financial control.
  • Role-Based Configuration: Digital CFO allows for precise configuration of user roles and responsibilities. This means that one user can be given access to sales and receivables, another to purchases and payables, and another to cash and bank transactions, among other functions.
  • Pre-Approved Supplier Management: The software supports the configuration of pre-approved suppliers for specific procurement items or branches, ensuring that procurement processes are restricted to authorized suppliers only.
  • Controlled Sales Processes: Digital CFO can be configured to control the sales process, including allowing sales on credit only to pre-approved customers. The software also manages credit periods, credit amounts, and discounts, ensuring tight control over sales transactions.
  • Comprehensive Audit Trail: The audit trail within Digital CFO is extensive and was developed well before such requirements became mandatory, showcasing the platform’s commitment to transparency and accountability.
  • Knowledge Library Feature: The platform includes a “Knowledge Library” feature that allows organizations to create specific transaction-based controls to effectively manage internal controls, governance, and risk.
  • Price Analytics: Digital CFO intelligently calculates the weighted average price of routine purchases and identifies vendors offering optimal pricing. This enables the organization to prioritize these vendors for procurement, leading to cost reductions.
  • Budgetary Control: With real-time monitoring of expense budgets, Digital CFO empowers managers to take immediate action, facilitating better working capital management.
  • Standardized Accounting Processes: Digital CFO’s innovative user interface ensures uniformity and consistency in bookkeeping and accounting across the organization. This standardization simplifies data consolidation for higher-level reporting and analytics.
  • Scalable Business Growth: The software supports unlimited branch additions and can be seamlessly implemented at new branches or project offices without any extra cost.
  • Customer Portal: Provides customers with digital access to their transactions, invoices, and payment options through an integrated payment gateway.
  • Vendor Portal: Suppliers can digitally access their transactions, upload invoices, and receive payments through the incorporated payment gateway.
  • Insurance Management: Digital CFO enables the upload and tracking of all insurance policies, sending email reminders before renewals are due, ensuring timely action.
  • Statutory & Operational Reminders: The software includes in-built capabilities to set reminders for statutory obligations and regular operational tasks, such as license renewals, tax filings, and audit preparations. This ensures compliance and timely completion of all requirements.
  • Alert Mechanism: Digital CFO features a unique alert system that triggers email notifications for predefined tasks, sent to both the responsible individual and their supervisor, ensuring transparency and accountability.
  • Document Repository: Facilitates the upload and digital storage of audit evidence, supporting documents, previous financial statements, tax returns, and other critical documents, ensuring easy retrieval in real-time.

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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.