Automated document management system prevents missed deadlines and lost documents. | Documents are stored with the accountant only. There’s a high risk of delays or losses due to human error. |
All documents are accessible to directors 24/7. Copies of all reports are automatically shared upon preparation and/or government upload. No reliance on the accountant. | Directors must request documents manually. Replies may take days or be missed altogether, increasing the risk of delays and missing files. |
Minimal involvement required from the client. All signing documents are sent in a single batch, pre-filled and ready to sign. | Accountants typically work step-by-step, sending one document at a time. Directors spend time coordinating, signing, and following up on each item.. |
Fast turnaround. Financial statements (Balance Sheet & P&L) and ITR filing completed as early as possible after year-end. This is essential for FRRO registration. | Legal deadlines are Oct 29 (financials) and Oct 31 (ITR), but documents are often processed late in the queue. This creates problems for FRRO where up-to-date financials are required right after March 31. |
Written responses to compliance queries. | Responses are often limited to brief chat replies or redirected to phone calls. Written clarification is rare. |