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How RChilli Strengthened Financial Processes with Kandor’s Internal Audit Expertise

Client Profile

  • Company: RChilli
  • Industry: HR Tech & SaaS
  • Location: United States
  • Team Size: 100+ Employees
  • Services Used: Quarterly Internal Audit, Bookkeeping Review, Financial Process Evaluation

The Opportunity

As RChilli continued to scale its operations in the SaaS and HR tech sector, the CEO sought to benchmark the company’s financial reporting and processes to global standards. To ensure transparency and set a solid foundation for growth, RChilli made the strategic decision to bring in an external audit partner to evaluate and strengthen its financial processes.

Our Approach

RChilli partnered with Kandor Business Services Inc. to perform a deep-dive internal audit across its bookkeeping and finance functions. The goal was not only to validate current practices but also to identify opportunities for improvement and alignment with industry best practices.

Key Initiatives by Kandor:

  1. Conducted a detailed audit for the last two fiscal quarters to assess accuracy and compliance.
  2. Suggested classification refinements and transaction consolidations in line with SaaS industry standards.
  3.  Identified gaps in financial reporting and implemented processes that made reporting a core driver of decision-making.
  4. Helped the internal finance team revamp SOPs to support improved accuracy, governance, and future scalability.

The Outcome

With Kandor’s support, RChilli was able to:

  1. Achieve a cleaner, more compliant financial structure within a matter of weeks
  2. Consolidate reporting categories for improved visibility and clarity
  3. Establish financial dashboards, now updated weekly for real-time oversight
  4. Transition from ad hoc processes to a well-documented and scalable SOP-driven finance function

The Result

This gave them further understanding of their financials, streamlined account classifications, and prompted their dashboards to get better and get updated once a week.

Kandor’s is not to replace the internal team—it is to empower! With a motto to “simplifying numbers”