idos - accounting & compliance simplified

8/13/2019 IDOS - ACCOUNTING & COMPLIANCE SIMPLIFIED.

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ACCOUNTING&

COMPLIANCE

SIMPLIFIED

IDOS LETS YOU

RUN YOUR

COMPANY ->

YOUR WAY!


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! Do current accounting systems validate the data before the datais entered for processing?

! Does the accounting software check or inform the user:! which vendor to buy from,! what quantities can be bought at a time,! what transactions can be process by X or Y,! which transactions need prior approval,! which transaction require receipts and other specified supporting

documents and which dont,! What to do if any expense exceeds the budget,! which transactions to prioritize when the cash balance is low,etc?

Does the existing software help you in preventing mistakes andtell you how you need to do your work?

CONTEXT

IDOS CORP


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!Can the existing software enable real-time auditof transactions and does it provide real-timedecision making reports?

!Can the current accounting software providereal-time access to control and manage yourstaff and all the above aspects?

Do you believe that these issues are important forthe business owners / Managers and staff? ifYes, IDOS is for you Please read on

CONTEXT

IDOS CORP


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! If you are a business owner and manage all your accounts byyourself and do not have any staff or branches, you can control

what to do and how to do it

> its simple > no problem"

SITUATION 1

ME MY BUSINESS

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! Y o u s c a l e y o u r b u s i n e s s a n dincrease manpower and branches.

! Yo u can no longer do everythingyoursel f .

! Yo u wi l l need to delegate and youh i r e s t a f f t o c a r r y o u t d i f f e r e n t

funct ions.! Yo u st i l l want th ings to be done in a

part icular way your way or the

way which the Senior Management

determines is best for the company.

! Fur ther you want un i fo rmi ty andconsistency across the company and

you dont want surpr ises

! Yo u wish to have the capabi l i ty toa d d r e s s i s s u e s d e s c r i b e d i n

previous s l ides .

! Yo u want to achieve th is withouth i r i n g m o r e s t a f f a n d i n c u r r i n g

more capital cost .

SITUATION 2ME

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> its possible > IDOS will help you


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#M o r e b r a n c h e s & m o r e s t a f f = m o r epermutations & combinations to complete a given

task.

#More permutations & combinations = morepossibilities of errors, delays, non-complianceand audit issues.

All this leads to inefficiencies in the accountingprocess, more people to do same quantum of work,

difficult to scale operations and increased cost ofdoing business

RESULT OF SCALING OPERATIONS

IDOS CORP

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SOLUTION = UNDERSTAND THE CAUSE &

RESOLVE THE PROBLEM AT THE ROOT

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FUNDAMENTAL PROBLEM

- PEOPLE RELATED

# S t a f f c o m e f r o m d i f f e r e n tbackgrounds and experience.

# Some of them have accountingbackground and some dont.

# Some of them are used to doingthings their way

# Some of them commit mistakes dueto lack of knowledge and some by

sheer negligence.

# Staff complete the work, but thecompletion is affected by timeliness,

inefficient workflow, errors & rework,ambiguous work and so on, all of

which have a cost impact on the

business.

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FUNDAMENTAL PROBLEM

- WORKFLOW RELATED

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# The internal controls and work flow in the accounting process differs from businessto business.

# Different accounting software come with different pre-determined workflows andarchitecture which can not be changed by the business to suit its requirements. The

business is compelled to work around the given workflows and architecture of that

software, thereby giving raise to inefficiencies in the accounting process.

# Due to the above, dashboard reports provided by the existing software is exportedinto Microsoft Excel to make revisions in the data and to present the dashboard

reports more accurately.

# More resources, time and effort to achieve a repetitive objective.


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FUNDAMENTAL PROBLEM

- TECHNOLOGY RELATED

Data overload: The existing software manage toabsorb all the data that is entered into them

and all the reports that you ever need will be

available in those software. The issue is

accuracy of such data and how efficiently

can we get the required data on timely basiswithout rework.

Mix match: Inherent problems with theexisting systems and also the issues associated

with skill of the users, many of the businesses

use multiple software to obtain full control on

their accounting and reports. Therefore the

dashboard reports contain information from

different sources and users will not be able to

drill down the dashboard reports to access the

details of the numbers.IDOS CORP

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! IDOS is a simple solution which understands the basic problemsfaced by clients and provides:

! A system with which even non-accountants can process any accountingtransaction (ease of use)

! It blends internal controls and workflows into the transaction processingactivity (through customizable templates) in a seamless manner,

whereby the user would not even know that he or she is followinginternal controls.

! It provides capability to the business owners and Managers toeffortlessly revise and change the workflows / internal control rules atany time without having to change any programing code.

! It enables the business owners and Managers to guide the users (in realtime) in their job and guides them what they need to do and how.

! It enables real-time supervision and audit.! It provides excellent dashboard on real-time basis.! It provides unique operational assistance to users and acts as their

virtual accounting assistant.

IDOS CORP

IDOS IS THE SOLUTIONl it

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If errors or issues identified at:

Inception

After entry into

accounting

system

During monthly /

quarterly accounts

closure.

During audit or tax

reviews.


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IDOS CORP

IDOS OTHER KEY FEATURESl it

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Real-time supervision

& audit capability

Real-time budgetary

control capability

Anytime / anywhere

access

Real-time decision

making reports /

Dashboards

Real-time AR / AP

control

In-built (customizable)

internal control

templates

Ease of use (evennon-accountants can

use IDOS)

Guides the staff (real-time) on how they

must do their job

Provides capability toprioritize expenses &

manage cash-flow

Many more unique / first of the

kind features

Will be providing ability to integrate withaccounting software ERP


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! Real time audit without visiting client place. Can managelogistics and corresponding audit overheads ef ficiently.

! Quality of data provided by clients will be high and thereforetime spent on data clean up significantly reduced.

! Provides complete audit trail of every transaction includingwhen, what, where, who, why, supporting documents, etc.

! Provides capability to have audit notes and audit observationslinked to transactions, avoiding need for manual audit notes.

! Provides auditor ability to integrate internal controls for clientsbranch operations.

IDOS CORP

BENEFITS FOR YOUR AUDITORSl it

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Visit our website and register

Incubated at Microsoft Ventures.

IDOS CORP

THANK YOU

idos - accounting & compliance simplified

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