IDOS LETS YOU RUN YOUR COMPANY -> YOUR WAY!

ACCOUNTING & COMPLIANCE SIMPLIFIED

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CONTEXT
!! Do current accounting systems validate the data before the data is entered for processing? !! Does the accounting software check or inform the user: !! which vendor to buy from, !! what quantities can be bought at a time, !! what transactions can be process by X or Y, !! which transactions need prior approval, !! which transaction require receipts and other specified supporting documents and which dont, !! What to do if any expense exceeds the budget, !! which transactions to prioritize when the cash balance is low, etc? Does the existing software help you in preventing mistakes and tell you how you need to do your work?
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IDOS CORP

CONTEXT
!!C an the existing software enable real-time audit of transactions and does it provide real-time decision making reports? !!C an the current accounting software provide real-time access to control and manage your staff and all the above aspects?
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Do you believe that these issues are important for the business owners / Managers and staff? if Yes, IDOS is for you Please read on
IDOS CORP

SITUATION 1
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!! If you are a business owner and manage all your accounts by yourself and do not have any staff or branches, you can control what to do and how to do it > its simple > no problem

"
MY BUSINESS

ME

IDOS CORP

SITUATION 2
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ME

!! Y o u s c a l e y o u r b u s i n e s s a n d incre as e m anpowe r and branc he s . !! Yo u c an no lo ng e r do eve r y t h ing your se lf. !! Yo u w ill ne e d to de le g ate and yo u hire staf f to carr yout dif ferent functions. !! Yo u s t ill want t h ing s to be do ne in a par t icular way your way or t he way wh ic h t he S enio r Management dete rm ine s is be s t for t he com pany. !! Fu r t h e r yo u w a n t u n i f o r m i t y a n d consiste ncy across t he company and you dont want s urpris e s !! Yo u w is h to h ave t h e c apabilit y to address issues described in prev ious s lide s . !! Yo u want to ac h ieve t h is w it h o ut hiring more staff and incurring m o re c apit al c o s t .

> its possible > IDOS will help you "

IDOS CORP

RESULT OF SCALING OPERATIONS

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#!M o r e b r a n c h e s & m o r e s t a f f = m o r e permutations & combinations to complete a given task. #!M ore permutations & combinations = more possibilities of errors, delays, non-compliance and audit issues. All this leads to inefficiencies in the accounting process, more people to do same quantum of work, difficult to scale operations and increased cost of doing business
IDOS CORP

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SOLUTION = UNDERSTAND THE CAUSE & RESOLVE THE PROBLEM AT THE ROOT

IDOS CORP

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FUNDAMENTAL PROBLEM - PEOPLE RELATED

#! S t a f f c o m e f r o m d i f f e r e n t backgrounds and experience. #! Some of them have accounting background and some dont. #! Some of them are used to doing things their way #! Some of them commit mistakes due to lack of knowledge and some by sheer negligence. #! Staff complete the work, but the completion is affected by timeliness, inefficient workflow, errors & rework, ambiguous work and so on, all of which have a cost impact on the business.
IDOS CORP

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FUNDAMENTAL PROBLEM - WORKFLOW RELATED

#! The internal controls and work flow in the accounting process differs from business to business. #! Different accounting software come with different pre-determined workflows and architecture which can not be changed by the business to suit its requirements. The business is compelled to work around the given workflows and architecture of that software, thereby giving raise to inefficiencies in the accounting process. #! Due to the above, dashboard reports provided by the existing software is exported into Microsoft Excel to make revisions in the data and to present the dashboard reports more accurately. #! More resources, time and effort to achieve a repetitive objective.
IDOS CORP

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FUNDAMENTAL PROBLEM - TECHNOLOGY RELATED

Data overload: The existing software manage to absorb all the data that is entered into them and all the reports that you ever need will be available in those software. The issue is accuracy of such data and how efficiently can we get the required data on timely basis without rework. Mix & match: Inherent problems with the existing systems and also the issues associated with skill of the users, many of the businesses use multiple software to obtain full control on their accounting and reports. Therefore the dashboard reports contain information from different sources and users will not be able to drill down the dashboard reports to access the details of the numbers.
IDOS CORP

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IDOS IS THE SOLUTION

!! A system with which even non-accountants can process any accounting transaction (ease of use) !! It blends internal controls and workflows into the transaction processing activity (through customizable templates) in a seamless manner, whereby the user would not even know that he or she is following internal controls. !! It provides capability to the business owners and Managers to effortlessly revise and change the workflows / internal control rules at any time without having to change any programing code. !! It enables the business owners and Managers to guide the users (in real time) in their job and guides them what they need to do and how. !! It enables real-time supervision and audit. !! It provides excellent dashboard on real-time basis. !! It provides unique operational assistance to users and acts as their virtual accounting assistant.
IDOS CORP

!! IDOS is a simple solution which understands the basic problems faced by clients and provides:

If errors or issues identified at:

After entry into accounting system Inception

During monthly / quarterly accounts closure.

During audit or tax reviews.

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IDOS OTHER KEY FEATURES

Real-time budgetary control capability Anytime / anywhere access

Real-time supervision & audit capability

Real-time decision making reports / Dashboards

Real-time AR / AP control

In-built (customizable) internal control templates

Ease of use (even non-accountants can use IDOS)

Will be providing ability to integrate with accounting software & ERP

Guides the staff (realtime) on how they must do their job

IDOS CORP

Provides capability to prioritize expenses & manage cash-flow

Many more unique / first of the kind features

BENEFITS FOR YOUR AUDITORS

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!! Real time audit without visiting client place. Can manage logistics and corresponding audit overheads efficiently. !! Quality of data provided by clients will be high and therefore time spent on data clean up significantly reduced. !! Provides complete audit trail of every transaction including when, what, where, who, why, supporting documents, etc. !! Provides capability to have audit notes and audit observations linked to transactions, avoiding need for manual audit notes. !! Provides auditor ability to integrate internal controls for clients branch operations.

IDOS CORP

THANK YOU

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Incubated at Microsoft Ventures.

IDOS CORP