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Ekameco - Case Study

Ekameco Solutions focuses on developing and implementing sustainable sanitation technologies to address these challenges. Their flagship product, the Zerodor Waterless Urinal, features a unique design that allows it to operate without water, resulting in a significant reduction in water consumption and associated costs.

  • Ekameco Solutions specializes in creating and deploying sustainable sanitation technologies to tackle these issues. The Zerodor Waterless Urinal, their primary offering, features an innovative design that operates without water, leading to a substantial decrease in water usage and related expenses.
  • Where they are dealing in their accounting process through Zoho Books to streamline their financial operations and gain valuable insights for better decision-making.
  • We have implemented their accounting treatment requirement for maintaining the liquidity of their company i.e. Balance Sheet and Profit & Loss Account and track of expenses which will help to track the position of the company.
Ekameco - Case Study
Ekameco - Case Study

Industry

Sanitation Technology & Waste Management

Application

Zoho Books

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Business Process:

Ekameco focuses on designing and developing innovative sanitation solutions that address water conservation and user needs.

Problem Statement and Key Challenges:

India faces a significant sanitation crisis, with millions lacking access to safe and hygienic toilets. Traditional water-based sanitation systems contribute to water scarcity and environmental pollution.

  • Market Environment: It can be quite challenging to alter conventional sanitation practices and overcome the initial resistance towards adopting new technologies.
  • Costing: Although Ekameco solutions may have a higher initial investment compared to conventional options, they provide long-term cost savings.
  • Strong Reach: To broaden operations and extend reach to a wider audience, it is essential to establish strong distribution channels and forge strategic partnerships.

Challenges:

  • Cash Flow Management: They may face challenges in effectively managing their cash flow if they lack real-time insights into cash inflows and outflows. This could result in delays in bill payments, missed opportunities due to insufficient funds, or obstacles in accurately forecasting future financial requirements.
  • Cash Flow Management: They may face challenges in effectively managing their cash flow if they lack real-time insights into cash inflows and outflows. This could result in delays in bill payments, missed opportunities due to insufficient funds, or obstacles in accurately forecasting future financial requirements.
  • Cash Flow Management: They may face challenges in effectively managing their cash flow if they lack real-time insights into cash inflows and outflows. This could result in delays in bill payments, missed opportunities due to insufficient funds, or obstacles in accurately forecasting future financial requirements.
  • Inventory Management: Keeping track of inventory manually can result in errors and cause situations where there is either a shortage or an excess of stock. Businesses may struggle to maintain the ideal inventory levels to efficiently meet customer demands.
  • Scalability: As their company expands, handling their finances becomes more challenging. Conventional approaches may not be suitable for handling the growing transaction volume and data intricacies.
  • Decision-Making: They could face challenges in making well-informed business decisions if they are unable to produce reports and analyze financial data.

Proposes Solution & Implementations:

Ekameco Solutions is strategically positioned to make a substantial impact in tackling India’s sanitation challenges and advocating for sustainable sanitation methods on a global scale. Their cutting-edge solutions offer potential for enhancing public health, conserving water resources, and advancing environmental sustainability. By utilizing Zoho Books, organizations can effectively tackle these obstacles and establish a unified system to enhance their financial processes, guarantee data precision, and facilitate well-informed business choices to foster sustainable development.

  • Sales and Invoicing: Zoho Books offers the capability to generate and oversee sales invoices for their waterless urinals and other sanitation solutions. Also, automate recurring invoices for subscription-based services, if they are provided.
  • Inventory Management: Monitor the stock levels of their sanitation units, spare parts, and any other tangible products they offer or distribute.
  • Expense Management: Keep a detailed record and classify all business expenditures, including production expenses, staff wages, promotional costs, and travel expenses.
  • Tax Compliance: Zoho Books offers the capability to generate reports and tax summaries that adhere to the tax regulations in India.
  • Profitability Analysis: Acquire valuable knowledge about the profitability of each product by comprehending the cost of goods sold (COGS) linked to every sanitation solution.
  • Sales Performance Monitoring: Monitor sales patterns, pinpoint best-selling items or areas, and evaluate the impact of advertising strategies.
  • Cash Flow Management: Ensure you maintain a record of the inflow and outflow of cash to ensure sufficient liquidity to support operational activities and expansion endeavors.
  • Budgeting and Forecasting: Generate budgets for different departments and predict future sales and expenses to make well-informed financial choices.

Conclusion:

  • Automating tax calculations, generating invoices, and creating reports not only saves time and effort when compared to manual methods but also streamlines the tax compliance process. By leveraging Zoho Books for GST management, businesses can reduce errors, simplify tax obligations, and concentrate on their primary goal of offering sustainable sanitation solutions.
  • Ekameco can concentrate its resources on accomplishing its goal of delivering sustainable sanitation solutions, as well as guaranteeing long-term financial stability and growth, by simplifying financial procedures, acquiring valuable insights, and ensuring compliance.

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