Category: Uncategorized

At a rapidly expanding retail chain with locations spread across Maharashtra, managing branch-level recurring spends had become a quiet, persistent challenge. Branch managers bought cleaning supplies from local vendors, settled urgent courier charges in cash, and even paid small repairmen on the spot for equipment fixes. Some expenses were reimbursed immediately, some were noted for…

A growing fast-food chain of restaurants has 100+ outlets across 30 cities. Rajeev is the Head of Finance over there. It is a task for his team to collect electricity, water, and internet bills from each location every month. They rely on spreadsheets, WhatsApp messages, manual approvals, and local vendor receipts. By the time the…

It was close to the financial year ending, and Sunil Mehra, the CFO of a growing retail chain with 68 branches across India, was trying to make sense of an Excel sheet. Rs. 4 lakhs showed under the vague umbrella of “Miscellaneous Branch Expenses.” There were no receipts or explanations, only a growing sense of…

At a mid-sized banking cooperative expanding across West and Central India, utility bills were collected, processed, and sent to the zonal office for payment. Each of their 42 branches operated semi-independently, including how they processed their electricity, water, internet, and sanitation charges locally and sent them to their respective zonal offices for payment. This process…

At a growing quick-commerce company headquartered in Hyderabad, everyday spending had become a quiet disruptor. Teams made frequent purchases for stationery, urgent warehouse fixes, and local transport, all using petty cash. The amounts were small, but the problems that often surfaced as a result weren’t. For Reema Sharma, who oversaw field operations in the southern…

At a fast-expanding auto parts distribution company head-quartered in Pune, petty cash expenses were creating a number of setbacks. Each branch had its own process. They used Excel sheets to manage spends across branches, while some made purchases based on verbal approvals. There was no consistency, and certainly no visibility. For Nilesh Kumar, a warehouse…

Meet Ravi Mehta, who is the Financial Controller of a renowned bank with 200+ branches across India. He recently received the latest audit report and he stared at it for a long time because of what he found in it. It revealed a concerning pattern: unexplained cash discrepancies, delayed rent payments, and uncontrolled spends across…

As a CFO or someone managing retail store expenses across multiple branches, reducing fraud and ensuring compliance would be high on your priority list. Yet there is a high chance that your team could be struggling to understand the rising costs, unpredictable expenses, and budget leaks. You know it better than anyone that managing retail…

Compliance is a major worry for any organization. Large scale organizations in particular pay special attention to compliance in all departments. This is true in the case of Delegation of Authority (DOA) policies. As per a survey report published in the Journal of Business and Psychology in 2023, companies with well-defined Delegation of Authority (DOA)…