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Streamline your finances, elevate your business.

Parikh Financial offers a wide range of financial services aimed at helping businesses streamline their finance operations. Our team of expert data engineers, financial analysts, bookkeepers, controllers, and CFOs build valuable operational processes to free up time so our clients can focus on core business activities.

Our comprehensive financial planning and investor relations services are designed to provide expert guidance and tailored strategies to meet individual financial goals. We harness data-driven insights to assist businesses in making informed financial decisions and accurate forecasts.

Our dedication to maintaining up-to-date financial records and transactions ensures the precise and efficient management of cash flow for our clients.

With our expertise, businesses can optimize their performance and stay ahead of the competition.

United States United States
2028 E. Ben White Blvd, Austin, Texas 78741
$150 - $199/hr
10 - 49
2022

Service Focus

Focus of Business Services
  • Accounting - 60%
  • Financial Planning - 30%
  • Payroll - 10%

Industry Focus

  • Startups - 40%
  • Information Technology - 30%
  • Consumer Products - 10%
  • Hospitality - 10%
  • Other Industries - 10%

Client Focus

50% Medium Business
50% Small Business

Detailed Reviews of Parikh Financial

4.7 1 Review
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Michelle Smith
Michelle Smith, CEO RoverPass at RoverPass
Posted on Apr 09, 2024

Strategic A/R Improvements with Parikh Financial

Parikh Financial's approach was meticulous and comprehensive, covering everything from an initial A/R health assessment to the integration of advanced accounting software solutions tailored specifically to our needs.

Achievements
Efficiency and Accuracy: The introduction of automation in invoicing and payment reminders has significantly reduced manual workload and human error.

Improved Cash Flow: Thanks to the strategies implemented, we've seen a noticeable decrease in DSO, leading to better cash flow management. This improvement has provided us with more financial flexibility and stability.

Empowered Team: With new tools, knowledge, and strategies at their disposal, our finance team is now more confident and effective in managing receivables.

We highly recommend Parikh Financial to any business looking to enhance their financial operations. We're grateful for their partnership and the positive outcomes it has produced for RoverPass.

What was the project name that you have worked with Parikh Financial?

Streamlining Accounts Receivable Operations

What service was provided as part of the project?

Business Services

Describe your project in brief

The project focused on streamlining our accounts receivable operations to improve cash flow, reduce days sales outstanding (DSO), and enhance overall financial efficiency.

What is it about the company that you appreciate the most?

The success of this project has exceeded our expectations. The improvements in our A/R processes have had a tangible impact on our operations and financial health. We're particularly impressed with how seamlessly the new solutions were integrated into our existing systems, and the dashboards and reports have been invaluable in providing insights into our A/R performance.

What was it about the company that you didn't like which they should do better?

Nothing really, they were responsive, knowledgeable, and supportive and the price for the project was within our budget.We did replace someone on our team which slowed the training down a bit, but that was an issue at our end, not Parikh Financial.

Rating Breakdown

  • Quality
  • Schedule & Timing
  • Communication
  • Overall Rating

Project Detail

  • $0 to $10000
  • Completed
  • Hospitality

Client Portfolio of Parikh Financial

Project Industry

  • Hospitality - 100.0%

Major Industry Focus

Hospitality

Project Cost

  • $10001 to $50000 - 100.0%

Common Project Cost

$10001 to $50000

Project Timeline

  • Not Disclosed - 100.0%

Project Timeline

Not Disclosed

Clients: 5

  • RoverPass
  • Code Galaxy
  • CoinLedger
  • Phoenix Hydrogen
  • Connected

Portfolios: 1

Cutting OPEX by looking for Nearshoring talent

Cutting OPEX by looking for Nearshoring talent

$10001 to $50000
Ongoing
Hospitality

Parikh Financial (PF) partnered with RoverPass, a leading provider of sales reservation systems, to optimize their financial health and fuel business growth. We conducted a comprehensive financial analysis, identifying key areas for improvement, including operational expense (OPEX) reduction, cash flow management, and accounts receivable (AR) optimization.

Results:

  • Reduced OPEX by 50% in 18 Months: By implementing a strategic nearshoring approach with LATAM talent, we significantly reduced RoverPass's operational expenses. This approach not only saved costs but also provided access to a highly skilled workforce.
  • Enhanced Cash Flow Strategy: Our Business Value Analysis (BVA) Report identified opportunities to optimize RoverPass's SaaS subscriptions, resulting in a 60% cost reduction. This freed up valuable cash flow to be reinvested in growth initiatives.
  • Improved AR Management: Through a thorough AR analysis, we helped RoverPass reduce the number of aged accounts (over 60 days past due) and develop a proactive strategy for managing cash flow. This ensured they had the necessary funds to support their ambitious growth plans.

Impact:

Parikh Financial's strategic approach empowered RoverPass to achieve significant cost savings, improve cash flow management, and optimize their financial health. These improvements provided a strong foundation for the company's continued growth and success.

Key Takeaways:

This case study demonstrates the power of a comprehensive financial analysis and strategic financial planning. By partnering with PF, RoverPass gained valuable insights and actionable strategies to achieve their financial goals.

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