Full-Spectrum Support for SaaS Startup Launch

FlowNest Technologies
A software company developing a workflow automation SaaS tool designed to streamline operations for mid-sized businesses, primarily overseas.

Challenges Faced by FlowNest Technologies

As FlowNest moved towards launching its SaaS platform, they faced several operational hurdles that needed quick resolution to ensure smooth scaling:

Urgent Company Incorporation: Needed to register a Pvt. Ltd. company quickly to meet regulatory requirements.
Hiring Without Formal HR System: Needed to recruit technical talent and UI/UX designers but lacked a structured HR process.
Export Compliance & Cash Incentives: Wanted to stay fully compliant with export regulations and claim the IT export cash incentive.
Investor Expectations: Investors required audit-ready financials within 60 days to proceed with funding discussions.

How FounderSheba Helped:

FounderSheba provided comprehensive solutions to streamline FlowNest’s operations and ensure they were ready for rapid scaling and investment. Here’s how we helped:

1. Company Formation

Quick Setup for a Seamless Launch

Registered Pvt. Ltd. Company: FlowNest was incorporated in just 7 days via RJSC.
Obtained Key Licenses: Secured Trade License, TIN, and BIN in parallel to ensure smooth business operations.
Drafted Legal Documents: Designed a Shareholder Agreement and Founders' Equity Plan to formalize ownership and equity distribution.

2. Hiring & HR Setup

Building a Strong Talent Foundation

Developed Job Descriptions: Crafted detailed JD’s and a structured recruitment process for 4 key technical hires.
Finalized Contracts & Policies: Established formal employment contracts and created a remote work policy.
Performance Management Model: Introduced a milestone-based performance appraisal system to measure and reward employee contributions.

3. Accounting & Virtual CFO
Ensuring Financial Health and Transparency

Set Up Zoho Books: Implemented a comprehensive accounting system with a custom Chart of Accounts.
Ongoing Accounting & Payroll: Managed monthly accounting services, including payroll and bank reconciliations.
Investor-Focused Reports: Created detailed monthly reports to keep investors informed and maintain transparency.

4. Company Audit & Cash Incentive

Maximizing Compliance and Financial Benefits

First-Year Audit: Completed the first-year audit in collaboration with a registered CA firm.
IT Export Cash Incentive: Successfully filed for and claimed a 10% cash incentive on $22,000 export revenue.
RJSC Annual Return: Submitted the pending RJSC Annual Return (Form X, XII) to ensure full regulatory compliance.

Results Achieved:

Pre-Seed Investment Ready: FlowNest was fully prepared to raise funds from angel investors.
Core Team Onboarded in 1 Month: The company successfully hired and onboarded its core technical team in just one month.
Compliant with Tax, RJSC, and Export Requirements: Fully aligned with tax regulations, export laws, and company registration requirements.
Audit-Ready Within 45 Days: Audit-ready financials provided a major confidence boost to potential investors.

Client Feedback:

"We’re a product team. FounderSheba gave us peace of mind by handling the messy backend—legal, HR, accounts, even incentives."
— Nashit Rahman, Founder, FlowNest Technologies

Key Takeaways:
FounderSheba helped FlowNest scale efficiently by providing expert assistance in company formation, HR setup, financial management, and export compliance. With structured support, FlowNest was able to launch their product, onboard a core team, and attract investment—all within a matter of weeks.

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