Firmway

Firmway is a Mumbai-based FinTech company established by three chartered accountants. It focuses on transforming accounting teams from cost centers to profit-generating centers by leveraging technology-driven insights, software, and analytics.

Business Model

Firmway operates on a SaaS (Software as a Service) model, offering a digital platform designed to automate and streamline the confirmation and reconciliation processes. Their business model focuses on providing solutions that lead to process improvement, cost savings, and strategic decision-making for corporations and audit firms.

Products and Services

Firmway offers a suite of software solutions aimed at automating various accounting functions:

Balance Confirmation: Automates the process of verifying balances with customers and vendors.

Audit Confirmation: Streamlines audit-related confirmations.

MSME Status Confirmation: Facilitates confirmation of Micro, Small & Medium Enterprise status.

Account Reconciliation: Automates reconciliation of accounts.

GSTR 2B Reconciliation: Automates reconciliation with GSTR 2B.

26AS Reconciliation: Automates reconciliation with Form 26AS.

Mission

Firmway's mission is to use technology to enable accounting teams to increase their net profits by up to 10% by addressing revenue leakages.