Is the lengthy preparation of financial statements slowing down decision-making and affecting business agility? Many organisations struggle with producing accurate, compliant reports on time while managing limited resources and complex regulations. These challenges not only create inefficiencies but also take focus away from strategic priorities. 

IFRHub: A paradigm shift in financial reporting

To address this critical need, we have launched IFRHub (International Financial Reporting Hub), which offers a futuristic approach to delivering financial statement preparation services for Indian and Global corporations. It enables businesses to benefit from industrial-scale financial statement preparation through the most cost-effective, managed financial reporting services. IFRHub provides a managed financial reporting service that accelerates the production of compliant financial statements. Businesses gain access to a process-driven methodology that reduces turnaround times to as few as three days. This service eliminates the traditional bottlenecks associated with financial reporting, enabling businesses to focus on strategic objectives.

How will IFRH help you?

  • Predictable costs: The defined fee structure provides cost predictability, enabling businesses to manage their financial reporting expenses effectively.
  • Reduced operational burden: By outsourcing financial statement preparation, businesses free up internal resources to focus on strategic initiatives.
  • Improved compliance management: IFRHub's expertise ensures adherence to all applicable regulatory requirements, minimising the risk of non-compliance.
  • Increased agility: Swift turnaround times enable businesses to respond rapidly to market changes and regulatory updates.

IFRHub's streamlined process: A step-by-step approach

We have designed a simplified, six-step process to ensure a seamless financial reporting experience.

  • Businesses initiate the process by clicking 'Get Quote' and completing a brief questionnaire.

  • IFRHub generates a customised fee quote based on the provided information.

  • Upon acceptance of the quote, IFRHub provides login credentials.
  • Businesses log in to the IFRHub portal.

  • The system generates a customised requirement list based on the business's previous financial statements.
  • Businesses upload data to the IFRHub portal, which employs advanced information security standards.
  • The platform uses best in class security protocols to protect sensitive financial data.
  • IFRHub's CoEs prepare and deliver draft financial statements within a defined timeframe.

  • Businesses can track the live status of their financial statements through a corporate dashboard.
  • Businesses review the draft financial statements and provide comments.

  • IFRHub addresses and resolves all queries and observations.
  • IFRHub delivers print-ready financial statements to the business's designated email address. 

IFRHub offers businesses a seamless, efficient, and compliant approach to financial reporting. With over 10,00,000+ hours of expertise, we bring deep knowledge of complex accounting principles and a proven ability to address financial reporting challenges. Our robust advisory support ensures compliance with IFRS and Ind AS standards, backed by insights from a global network of accounting firms. Through a process-driven methodology, we help businesses reduce operational costs, enhance compliance, and improve financial transparency.

Connect with our experts

Siddharth Talwar
Siddharth Talwar
Partner, CFO Advisory
Gurugram
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Samir Malik
Samir Malik
Partner, CFO Advisory
Gurugram
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