Client Overview KMK: A Strategic Partner for US-Based Fund Managers and VC firms
KMK analyzed the clients pain points and reviewed the financial statements and tax returns of all the entities. KMK came up with a solid plan to address these challenges of the client. An experienced team of 4 individuals was created to dedicatedly work for this client. 1 person worked on the tax and compliance management. A team of 2 individuals worked on day to day accounting for all the entities and 1 person worked for investors collaboration, managing investor payments, investments and cap table reconciliations.
KMK team has an internal SLA of sending out responses within 12 hours which led to quick responsiveness and faster turnaround. KMK became a one stop solution for all of its tax, accounting and compliance requirement. KMK’s team prepared the tax returns and delivered the K-1’s to more than 500 investors in a timely manner.
This was possible with the use of automations. KMK’s team created a BOT using power automate which automatically read the investors subscription documents and extracted the details into an organized format. This automation came very handy to read and extract and organize details of hundreds of subscription documents.
Additionally, KMK team used to collaborate with the CFO on a daily basis and worked closely with him. KMK team used Quick Books, Bill.com, Expensify, Carta as a complete software stack.
The partnership between company and KMK was very successful, with several synergies created:
All-in-one Accounting Solutions
For U.S. Based CPA Firms Are you looking for remote staff for CPA firm?
For U.S. Based Businesses Are you struggling with accounting for your business?
At KMK, we offer comprehensive end-to-end accounting services to help your business thrive. From day-to-day bookkeeping to financial statements, our expert team has got you covered.