Over the past 10 years of the Indian economy, the government has opened numerous doors for foreign companies to come into India as well as for the Indian companies to venture outside. This has led to a huge requirement of cross border expertise, consolidation, IFRS Conversion, M&A support. With increasing opportunities, businesses often feel the need for advice from experts in the domain. A Certified Public Accountant (CPA)and Certified Management Accountant from the United States and India with over 25 years of experience, Sameer Paddalwar has held several management positions in finance with numerous corporate having multi jurisdictional presence including Public Companies both in India and United States. With leadership roles in finance, spearheading strategic directions, vision, and leading organizations towards spiraling revenue growth and performance improvements, Sameer decided to put his knowledge and experience for the benefit of SME sector and established Boston Financial Advisory Group.
Set up in 2009, the uniqueness of BFAG is the experience that the core team had put together in the Boston Financial Advisory Group for the benefit of startups, SMEs and other corporate. “Most of our clients are in the startups with one or two years’ of operations or SMEs preparing to go to the next level, especially with getting investments, having proper business plan, structuring investment propositions and the operational challenges including having records up to date and getting the MIS which is more focused towards the key result areas related to their business. This is where BFAG really helps. We call ourselves business accountants and not accountants. Whenever we undertake any activity, we first try to understand the business as a business and not as an accountant and then based on our understanding we define our entire accounting F&A and organization structure including the books, process, everything that is required to facilitate the client in achieving their objectives,” says Ganesh Padakannaya, COO, Boston Financial Advisory Group.
Recognized for its unique offerings, BFAG presents its services under three segments first, the bread and butter segment which includes accounting, reporting, payroll and regulatory compliance; second, Consulting Segment where it helps its customers in incorporation, setting the right corporate structure, cross border taxation, M&A support, due diligence, valuation, shareholder’s agreement, structuring a deal; and third segment CPA back office where the firm performs the tax return processing, compilation, review from India for the CPA firms in USA.
With a team of more than 100 skilled professionals, today, Boston Financials has its operations spread across India, USA, Australia, Singapore, Middle East and has many more useful associations across the globe. “We
understand the global corporate compliance, IFRS conversion, GAAP conversion, consolidation and we recommend the appropriate corporate structure. Our focus is always on providing the appropriate customized solutions to our customers rather than giving a general one,” adds Sameer. The expertise of BFAG is well reflected in its clientele which includes Univar MEA a billion dollar company in USA with operations in 5 to 6 countries and KIC Ventures a US based group mainly into medical equipment's, healthcare and hospitals.
Boston Financials uses excellent tools such as Expense iNBox, Compliance iNBox and Analytics iNBox which help its clients to have a proper view on single screen for their business on daily basis
“Our never say die attitude and passion have helped us deliver solutions for most complex problems of our customers. We never shy away from taking any assignment. Our innovative approach is to get tools developed which can further provide seamless solutions to the clients, thereby reducing human intervention,” speaks Sameer. In the years to comes Boston Financials aspires to be recognized as a trusted consulting partner for various small and medium size companies who want to expand not only in India but internationally. Currently present in India and USA, Boston Financials is looking forward to spreading its wings to set up base in Middle East & Singapore.