World Of Financial Reporting: Expert Financial Consulting with Advanced Technology and Sector-Specific Insights

In India, the financial reporting and compliance market is experiencing robust growth driven by increasing regulatory requirements, digital transformation, and the need for transparency in corporate governance. Government initiatives like the Goods and Services Tax (GST) and stricter enforcement of compliance norms have further fuelled demand for accurate financial reporting. Additionally, the growing focus on corporate governance, along with advancements in financial technologies, is enhancing operational efficiency, creating vast opportunities for businesses offering compliance solutions and services.

World of Financial Reporting is a leading provider of innovative accounting and reporting solutions, recognized for its commitment to delivering high-quality, cost-efficient services. Founded in 2020 by Prateek Mankad and Girish Iyer, both former KPMG professionals, the firm emerged to address the evolving demands of financial reporting in a rapidly changing regulatory landscape.

The company has become known for its advisory services, including virtual CFO offerings for startups, technical accounting advisory for listed entities, and expert regulatory compliance guidance. Its value proposition lies in providing clients with top-tier advisory services backed by advanced technology at an attractive price point compared to large tier firms. By working as trusted advisors, the company helps clients streamline and scale their accounting and reporting processes, ensuring they are prepared for growth and compliance. With its strong commitment to quality, the firm has gained the trust of a growing client base, delivering impactful solutions that streamline and strengthen accounting and reporting functions.

Moreover, clients frequently encounter two primary challenges, namely managing complex, high-stakes financial issues that demand expert and timely solutions, and scaling their internal infrastructure to keep pace with rapid growth. World of Financial Reporting is uniquely equipped to address both. With a team of highly skilled professionals, the firm offers tailored solutions backed by a standardized methodology, and technology (use of high-level programming languages, VBA) that ensures precision and consistency. “Our plug-and-play approach, combined with bespoke services and investments in cutting-edge technology, allows us to deliver scalable, high-quality solutions”, adds Prateek Mankad, Co-Founder, World of Financial Reporting.

Journey of Excellence

World of Financial Reporting’s journey began in 2020, amid the COVID-19 pandemic, with a small team of two. Despite challenges, their clear vision, commitment to quality, and strong advisory services enabled rapid growth. Within just a few years, the company expanded to a 50-member team, consisting of highly skilled professionals. The team is comprised of highly experienced professionals, with approximately 20 percent having over 10 years of domain expertise. Many team members have worked with leading organizations, large banks, and corporations, equipping them with a deep, hands-on understanding of business operations at the ground level. This experience enables the team to address challenges at both a granular level and from a broader, strategic perspective. With a focus on onboarding high-quality talent, the team brings a blend of technical expertise and high-level insight, ensuring they can resolve clients' issues efficiently while identifying potential challenges.

Looking ahead, World of Financial Reporting envisions becoming a leader in providing cutting-edge quality in reporting, positioning itself on par with global accounting firms. Over the next 2 to 3 years, the company aims to grow into a 100-plus-member team, further strengthening its expertise. A key development on the horizon is the transition from a pure services organization to one combining high-quality service with a technology-driven product. This strategic pivot will allow the company to leverage technology to improve efficiency while maintaining its commitment to exceptional service, positioning it for continued growth and success in the future.

World of Financial Reporting envisions becoming a leader in providing cutting-edge quality in reporting, positioning itself on par with global accounting firms

Prateek Mankad, Co-Founders

“Our story is one of belief. We began when the world was uncertain but we trusted that quality would always be valued. Now, the demand for strong governance and quality reporting is stronger than ever, with investors and regulators focused on these aspects. India’s robust economy and talented workforce give us the foundation to not just serve businesses within India, but also expand and cater to global markets, broadening our reach and impact”, concludes Girish Iyer, Co-Founder, World of Financial Reporting.