Practus’ finance and accounting services assisted the manufacturer in reducing finance charges from 15% to 9% on an unsecured loan and 8.25% from 9% on a secured loan.
| Client Name | ROI | Industry | Ownership | Management | No. of Employees | Size | Project Duration |
| Kitchenware | 5.7x | Trading and Manufacturing | Family Business | Professional | 100 | ~$6 million | 24 months and ongoing |
About The Company
KitchenWare is a company that manufactures, distributes, and sells high-quality metal-based kitchenware and homeware goods for the domestic and international markets. Through six product verticals, the product portfolio covers the whole kitchen lifecycle: tableware, kitchenware, cookware, Serveware, barware, and giftware. Seeba is a renowned flatware manufacturer in India, supplying products under its own names.
Practus’ Role
- Managing the entire financial function and designing the finance framework, defining roles and duties, and integrating operational and financial systems.
- Finance function automation and vendor workflow systems monthly Management Information System (MIS) and Cashflow Reports.
- Management of cash flow.
- Documentation of SOPs.
- Finance MIS reporting has been improved.
- Ensuring that audits are completed on schedule.
- Dealing with bankers and arranging loans.
Impact Delivered
- Managing the entire financial function and designing the finance framework, defining roles and duties, and integrating operational and financial systems.
- Finance function automation and vendor workflow systems.
- monthly Management Information System (MIS) and Cashflow Reports.
- management of cash flow.
- Documentation of SOPs.
- Finance MIS reporting has been improved.
- Ensuring that audits are completed on schedule.
- Dealing with bankers and arranging loans.