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Firmway

Brand: Firmway Services Private Limited

  • 4.2

  • 5 Ratings

Firmway is an accounting software deployed by businesses for efficient financial planning and management. This online software for balance confirmations ensures complete control over staff compliances, audits, finance and accounts. The automated accounting solution handles ITR default status, master data and onboarding for the management of collection lifecycle. Firmway accounting software can be...

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Firmway Software Overview

What is Firmway?

Firmway is an accounting software deployed by businesses for efficient financial planning and management. This online software for balance confirmations ensures complete control over staff compliances, audits, finance and accounts. The automated accounting solution handles ITR default status, master data and onboarding for the management of collection lifecycle.

Firmway accounting software can be integrated with the existing ERP for supporting unstructured data and party ledgers. The accounting system also produces excel-based outputs and advanced algorithms for document level matching. Firmway online accounting software can further be used for designing forms for data collection purposes and tracking client responses in real-time.

Go Paperless with Firmway Accounting Software

Firmway software helps businesses go paperless while rationalizing the balance confirmation process and collecting and analyzing responses. The software also offers an onscreen reconciliation platform for sending confirmations and doing follow-ups.

Key Features of Firmway Software

  1. Portal for tracking the status of confirmations in real-time and summarizing the replies.
  2. Unique verification system for maintaining compliance with the existing standards.
  3. Robust audit tools for handling third-party stocks, MSME status, contingent liabilities and transactions.
  4. Audit documentation for maintaining confirmation records.
  5. Complete digitization for managing the response rates.
  6. Centralized monitoring for eliminating the chances of potential collusions and employee frauds.
  7. Legal validity as the software ensures that the responses are from the right person.
  8. Increased financial credibility
  9. Quick and periodic confirmation process for balances

Benefits of Firmway Accounting Software

  1. Increased response rates due to automated confirmation systems
  2. Better authenticity and validity of confirmations
  3. Cost saving as there is less paperwork to do
  4. Timely follow-ups for reduced debtor collection lifecycle
  5. Higher compliance standards

How Does Firmway Software Help with GST Reconciliation

  1. Unique algorithms for accurate matching
  2. Multi-GSTIN and multi-month reconciliations
  3. Summarizing vendor responses
  4. Report extraction from Excel
  5. Auto-vendor communications

Collection Management with Firmway Software

  1. Sending weekly outstanding
  2. Live read and responded status updates
  3. Capturing customer responses
  4. Shared dashboard for accounts and sales team
  5. Chat box for resolving issues
Read more

Firmway Services Private Limited Company Details

Brand: Firmway Services Private Limited

Founded Year:  2016

Firmway is a platform that digitizes balance confirmation and reconciliation process.

Director/Founders Prashant Gupta, Vivek Chandan
Company Size 1-100 Employees

Firmway Pricing & Plans

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Firmway Features

  • icon_check Balance Confirmation
    Perform balance confirmation for finding out disputed entries, missing invoices and duplicate payments.
  • icon_check Ledger Reconciliation
    Firmware accounting software can be integrated with the existing ERP for performing ledger reconciliations.
  • icon_check GST Reconciliation
    Firmway accounting system offers unique algorithms for completing multi-month GSTIN reconciliations.
  • icon_check Collection Management
    You can manage weekly outstanding and capture customer responses with Firmway.
  • icon_check Data Collection
    This feature of online accounting software helps track and collect accounting and ledger data.
  • icon_check MSME Confirmation
    Send closure reminders for completing audit trails with the accounting software.
  • icon_check Dashboards
    Real-time dashboard support helps track balances and supports document management.
  • icon_check Email & SMS Notification
    Automated SMS and email reminder system helps with timely follow-ups.
  • icon_check Reminder
    Send up to five reminders for express closure within 15 days.
  • icon_check Tracks Real Time Status
    Track in real time the financial data and stay up to date with your financial health.
  • icon_check Centralised Monitoring
    Firmway offers a centralized monitoring system for detecting employee frauds in terms of financial data.
Firmway Demo Video play icon

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Watch the demo video to explore key features, real workflows, and how the software fits your business needs.

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Firmway Specifications

Supported Platforms
Ubuntu Ubuntu Windows Windows MacOS MacOS Linux Linux
Devices
Desktop Desktop
Deployment
Cloud-Based Cloud-Based
Suitable For
All Industries
Business Specific
All Businesses
Business Size
Small Business Startups Medium Business SMBs SMEs
Customer Support
Email
Language
English

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Firmway Review

4.2

Out of 5

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Overall Rating

Based on
5 Verified Ratings

Rating Breakdown

  • Features 4.1
  • Value for Money 4.1
  • Ease of Use 4.4
  • Customer Support 4.2

90% Recommend this Product

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Can I use Firmway software for creating forms?

You can use Firmway online accounting software for creating forms and collecting and tracking the responses in real time.

Does Firmway software help with GST reconciliations?

Firmway accounting system supports GST reconciliations because of its unique and powerful algorithms.

Is it possible to do collection management with Firmway software?

Firmway supports collection management for customer responses and weekly outstanding.

Can Firmway software be integrated with existing ERPs?

The accounting software can be integrated with the existing ERPs for completing ledger reconciliations.

Can I book free Firmway demo online?

Online Firmware demo is available at techjockey.com on request

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Terms and Condtions

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Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.

For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:

  • the GSTIN of the user associated with their registered business, and

  • the specified Entity Name for their business.

It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.

Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.

Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.

Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.

To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.