INFILYTICS PRIVATE LIMITED

In their own words

We are a team of Chartered Accountants and IITians who have created a one stop-solution (#1 of its kind application in the world) ensuring end to end auditing at the click of a button by leveraging advanced data analytics and artificial intelligence. Our solution relieves the management, government, auditors and stakeholders at large from the burden of Audit. Today’s auditing methods have not kept pace with time and business complexities, leading to numerous oversights by auditors in recent times resulting in Bank and Corporate scandals. Scandals especially in financial sector erodes capital and trust amongst the investors and stakeholders at large. Moreover, the responsibility of auditors has become onerous due to increased business and IT complexities. Our solution has realized following benefits: 1. Comprehensive Audit (100% transactions audited in place of sample 10%-25% currently) 2. Time savings (from 3 months to 30 seconds), 3. Cost savings (minimum 50% cost), 4. Enabling audit from home (enabling audit during Covid-19) 5. Enabling ease of doing business by reducing compliance burden We are currently revolutionising audit in following industries and counting: 1. Banks: Strengthening the financial backbone of the Indian economy by ensuring banks comply with all the applicable RBI compliances. 2. Corporates: Ensuring compliance with internal controls and various statutory laws including GST Act. 3. MSMEs: Enabling MSMEs to be propeller of growth by helping them boost sales and ensuring compliance with all applicable laws and regulations thereby enabling ease of doing business. We are proudly serving following: 1. Rajkot Nagarik Sahakari Bank (Bank) 2. Balaji Wafers Pvt. Ltd. (Corporate) 3. EPP Composites Pvt. Ltd. (Corporate) 4. Visaman Global Sales Ltd. (MSME) Further. we got the privilege of being invited by CIIE (IIM, Ahmedabad) at for global investors summit to present our idea at the global platform. https://infilytics.in/

Written by the company on its public Startup India profile. Not verified by us.