HostBooks and ICAI Signs MoU to Promote Technology Automation Among Chartered Accountants

HostBooks, one of fintech companies in the country signed a Memorandum of Understanding (MoU) with The Institute of Chartered Accountants of India (ICAI), the national professional accounting body to boost the use of technology and automation among chartered accountants that help them increase their efficiency and productivity in practice.

Kapil Rana, Founder & Chairman, HostBooks, comments, “Chartered Accountants play an integral role in reducing the compliance burden for businesses. To facilitate further simplification and enhance their efficiency, HostBooks will provide automated and cloud-based end-to-solutions to practitioners”.

With this MoU, HostBooks will enable three users all-in-one accounting & compliance solutions to ICAI member for three years free of cost bundled with other benefits. It was signed at an event of ICAI and World Bank on ‘Training Program on Auditors engagement in Procurement post review for World Bank Funded projects’ in New Delhi.

"The MoU signed Hostbooks for providing all-in-one accounting & compliance solution to ICAI members will make automated technology accessible anytime, anywhere on the go to the practitioners. I believe that CA professionals will use this cloud-based facility for the enhancement of technology for accounting and compliance requirements”, says Rajesh Sharma, Chairman -Committee for Capacity Building of Members in Practice, ICAI.

Also, the company will offer dedicated support and service centre for ICAI member after the installation of the integrated accounting and compliance software. However, the initiative was aimed at enhancing the use of cutting-edge technology among members and hence increasing efficiency in their practice.

Founded in 2009, HostBooks transforms and enriches the accounting experience via its structured and automated cloud-based accounting platform. It helps in managing the business finances by combining the usual accounting practices with cutting-edge technology.

Read More News :

UrbanClap Becomes Urban Company to be 'Globally Acceptable'

Coronovirus to Impact Chinese Phone Brands, Delay Launches in India