Boston Financial: Holding SMEs' F&A Strings Right Enough to Let Them Fly

Sameer Paddalwar,Executive Director&CEO

Sameer Paddalwar

Executive Director&CEO

When SMEs seek to break out their current scale and explore means of growing bigger, better and more profitable, there has always been a lack of access to quality financial advisory and consulting experts. To bridge this gap, Boston Financial Advisory Group Inc, a Boston & Bangalore-based company founded in 2010, offers to be a one-stop-shop for all the accounting, financial, consulting and advisory needs. Led by seasoned CFOs with decades of experience in manufacturing, technology, trading and service industries, this company has become the financial outsourcing partner of choice for several companies across various jurisdictions. The company provides advisory for corporate structuring with sheer focus to enhance their balance sheet at any given point of time.

Spectrum of Expertise
With the large numbers of startups, early stage and growth stage companies, BFAG has built the expertise in addressing the challenges that exist in this segment like Valuation of
enterprise, managing the appropriate cash flows, arranging the funds for sustenance and expansion, appropriate structuring for corporates and information centred F&A activities that enable business decision making. This support plays an important role in changing the game in favour of such Startups and SMEs. Understanding that the client is squeezed financially, BFAG has priced its services much reasonably. The team of CAs and CS from India and CPAs from U.S.A. are well versed of the requirements in various jurisdictions, saving a huge time for entrepreneurs and easing their operations irrespective of jurisdiction.

BFAG has expertise to establish shared service environment for various multi-country-presence clients with offsite and onsite model. The proper reporting/FP&A in one single currency enables the company to provide solutions to SMEs across the globe. Customised solutions and tools are offered to ease real-time management of information with minimal effort and manual intervention promising high degree of confidentiality on sensitive financial data. The abundant availability of qualified resources has enabled BFAG to be the go-to-vendor for all their F&A needs be it Accounting, Payroll, Compliance, Reporting/MIS/FP&A, Tax filing, Structuring, M&A support, Valuation and Due Diligence. BFAG leverages its more than two decades of experience to understand clients business well and be in a better position to offer customized solutions. Its CPA back-office supports the CPA firms in terms of tax filing in the USA.
Reframing the Terms
To sustain in the sector that is heavily dominated by practicing CAs/CPAs, invoked the challenge of acquiring the clients and creating proper systems and process. "We are flexible enough to work with a startup and competent to meet the requirements of a medium sized company," says BFAG CEO Sameer Paddalwar. BFAG's multi-jurisdictional presence has facilitated it to cater to corporate structuring, financial analytics and control, accounting & reporting and establishing the pitch for funding services for IT/e-Commerce clients. Recently for one of the global giants who incorporated companies in various international jurisdictions, BFAG came up with a consolidated reporting/ FP&A and regulatory calendar to tackle the difference in compliance deadlines and regulatory requirements. In order to keep the client's business intact, the company runs a daily/weekly/monthly/quarterly MIS/FP&A which is more of a business performance review than plain Financial reporting.

En route to Future
Recording a whopping 100 percent year-on-year growth, BFAG has established its other offices in Pune, Mumbai and Sunnyvale which has employees around 75 experts. Currently the company is concentrating more on small & medium sized companies, particularly those who have multi-jurisdiction presence. To achieve a larger client base, BFAG is looking forward to spread its footprint in U.S. and E.U. through alliances and joint ventures.