LiteHouse: Delivering a Robust Finance Process Automation Platform

CIO Vendor Accounting and financial process management is arguably the most stressful area for any organization irrespective of their industry verticals. Instead of focusing on core finance function, teams are constantly bogged down while dealing with time-consuming and tedious manual work. Having said that, cloud capabilities have truly been a game changer for today’s organizations in overcoming these challenges through digitization of processes which enables accurate, real-time reporting and analysis of financial performance, thereby, significantly increasing productivity and efficiency of one’s organization. However, many solution providers offer products to support accounting and finance functions that are cobbled together from different hardware and software systems; not originally engineered to integrate with each other and tend to bring more complex issues associated with customization, service packs, and version control.

Clearly setting a vision to help their customers achieve higher business efficiency and insights by using their best-in-standard Finance Transformation Platform, Litehouse founded in 2014 is one of the leading providers of cloud solution that completely automates and controls the entire finance transformation process.

“We enable enterprises to make use of Cloud and AI technology to automate and transform the finance function. Litehouse automates complex, manual and repetitive accounting processes with RPA and enables companies to move beyond the legacy record-to-report process,” justifies Priya Dodal, Co-founder at Litehouse.

Integrating Every Needed Component into One Single Platform
Eradicating operational silos with an entirely cloud-based, comprehensive accounting system, Litehouse is a one-stop-solution for users preparing account reconciliations, adding journal lines, executing tasks, or running reports - every component of the platform is naturally integrated and
designed to work with the rest of the platform. Furthermore, it has the capability to change according to the real-time needs of its clients and constantly adds new features with high-availability up-time, and a highly secure data model. The fact that Litehouse delivers consistency and reliability while enabling accounting teams to focus on process improvement and best practices clearly set it apart from the solutions in today’s current market.

We enable enterprises to make use of Cloud and AI technology to automate and transform the finance function

Aiding CFO to take Ownership of Business Outcomes
Litehouse, leveraging years of consulting experience, perfectly understands that CFOs need to play more of a trusted business partner role and have to instill capabilities to identify opportunities proactively. Thus, company has been significantly aiding CFOs in taking ownership of business outcomes through better decision making. Litehouse Finance Process Automation Platform is onestop-shop solution for all the problems that is being faced by CFOs in today’s business scenario - from reporting of numbers to advanced analytics to actionable insights, Litehouse has solutions for all.

“Our vision is to modernize the finance and accounting function to enable greater operational effectiveness and agility, and we are committed to delivering innovative solutions and services to empower accounting and finance leaders around the world to achieve Digital Finance,” adds Priya.

The company is looking forward to expanding their capabilities to integrate with a host of new platforms to automate finance functionalities and implement new technologies like Blockchain onto their platform. “We are also working with Audit firms to come up with a Financial Audit program management tool on Litehouse platform to give better financial insights and management for all audits undertaken under them. We will be expanding our solution outreach to European and Middle East organizations in a few years,” concludes Priya.