India, Feb. 15 -- The success of a startup is based on efficient cash flow within the organization, structured bookkeeping, and effective financial planning. However, over the years, significant changes taking place in the accounting industry like advancements in technology and new tax regulations have brought a transformation in the ways startups operate nowadays.

As a fact, lack of financial management is often a reason that causes startups to fail. A study by CB Insights of 101 Failed Startups found that cash flow was the No. 2 reason why some of the startups/small businesses failed.

So, what is the solution?

Many small businesses are now moving to the cloud to stay organized, increase efficiency, enhance security, optimize business...