The Institute of Chartered Accountants of India ( ICAI ) sought the preliminary Expression of Interest for the Welfare Schemes and Practice Management Software for Chartered Accountants.
The ICAI has around 3.15 lakh members and around 90,000 firms specialising in traditional areas of audit, direct, indirect & international taxes including GST and in emergent areas like insolvency, financial services, risk management and corporate restructuring etc. Many of its members are serving the industry occupying senior positions such as C&MDs in Banks/Financial Institutions, CEOs and CFOs in leading and reputed public/private sector companies.
“The Committee for Members in Practice (CMP) of the Institute of Chartered Accountants of India is a non-standing Committee formed under regulatory provisions of Chartered Accountants Act, 1949. This Committee was established for facilitating consolidation and capacity building of CA firms in order to address various problems faced by CA firms and to conceptualize and implement various means for strengthening their capacity as well as providing comprehensive guidelines for consolidation of CA firms. It aims to encourage and enhance close links between the Institute and the Chartered Accountants, so as to provide them, a base of reference in terms of knowledge, expertise, skills and assistance in their professional growth,” ICAI said.
Firstly, one of the key initiatives of activities the Committee is to extend various welfare measures to the members through arrangements with leading service providers which the members may avail at their choice.
ICAI wish to extend better, more, additional welfare schemes to the members of ICAI at discounted rates.
Thus, the Institute sought the expression of interest from the various service providers delivering the schemes in the areas of professional interest namely travel, hospitality, health, Medical Insurance, Term Insurance, Laptops/Desktops, Softwares & other products of professional relevance.
Secondly, one of the major activities of CMP is to develop/ arrange softwares relevant for the Members of the ICAI. In this regard, CMP wishes to develop a Practice Management Software to assist its members and firms to serve their clients and manage their practice.
The Practice Management Software, may inter alia, include Jobs & Billing, Capacity Planning, Documentation, Centralised Client Database, Time Sheets, Invoicing, Attendance etc. “The service providers having the requisite experience and expertise in developing and maintaining the Practice Management Software need to apply. The detailed RFP including Technical and Financial requirements will be uploaded shortly. In the meanwhile, we will request the service providers to send their expression of interest with a budgetary quote at cmp@icai.in,” the ICAI announced.
