The Trusted Compliance Partner: Archit Gupta, Founder and CEO, Clear In its commitment to simplifying complex finance operations, especially electronic invoicing (as an official IRP, the company manages e-invoicing requirements across enterprise segments), Clear has expanded to the Middle East as well, particularly in the Gulf Cooperation Council (GCC)

By Priya Kapoor

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Archit Gupta, Founder and CEO, Clear

From starting out as an online income tax filing platform for individuals in 2011, Clear soon diversified its offerings to cater to professionals and enterprises and is today a growing leader in the compliance SaaS space in India. "We help customers with a complex compliance landscape (multiple PANs, GSTINs, and invoice counts). We seamlessly manage their GST lifecycle with few clicks. Our systems are strengthened with the latest policies and regulations to validate and correct customer data and information before submitting them for filing," says Archit Gupta, Founder and CEO, Clear.

Its unified solution, Clear Finance Cloud, a platform that operates seamlessly with major enterprise ERP systems, helps enterprises with connected ecosystems through automation of processes across account payable, vendor risk management, tax and secretarial compliance, and invoice discounting and financing. "Our platform and services serve both the CFO and CIO / CTO office. While a CFO achieves the right outcome through digitally transformed finance processes and operations, the CIO / CTO are assured of a secure, intelligent and non-disruptive digital environment in an ERP-central schema. This helps both the teams align to a common plan," adds Gupta. The company leverages cloud computing and machine learning for fostering a collaborative development environment. "Our core programming languages, Java, Javascript, and Python, empower our team to build efficient and scalable products. We are heavily invested in AI-powered automation and machine learning to remove siloed processes, enhance efficiency and ensure peace of mind."

In its commitment to simplifying complex finance operations, especially electronic invoicing (as an official IRP, the company manages e-invoicing requirements across enterprise segments), Clear has expanded to the Middle East as well, particularly in the Gulf Cooperation Council (GCC). It has collaborated closely with government authorities, specifically The Zakat, Tax and Customs Authority (ZATCA) in the Kingdom of Saudi Arabia (KSA), and partners with 250+ large enterprises, solidifying its presence in the region. "Initiating e-invoicing efforts with government authorities in Malaysia marks another milestone, with a nationwide launch we are looking forward to this August 2024," says Gupta.

Gupta tells us that two out of three of their business lines are already profitable this fiscal year (FY24). Government regulations, according to Gupta, are tough, but something that push them to be better. By navigating regulations, they have built solutions that streamline finances and keep clients compliant."

Factsheet:

Amount of funding received: $140mn (cumulative)

Year of inception: 2011

No. of employees: 500+

Priya Kapoor

Former Feature Editor

Priya holds more than a decade of experience in journalism. She has worked on various beats and was chosen as a Road Safety Fellow in 2018, wherein she produced many in-depth & insightful features on road crashes in India. She writes on startups, personal finance and Web3. Outside of work, she likes gardening, driving and reading. 

 

 

 

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

How to Start a Business in IT

Today's digital economy puts technology at the heart of nearly every organization, from construction to fashion. That reality opens a world of opportunity for founders who bring fresh ideas, niche expertise, and customer-focused solutions to market.

Side Hustle

Use This AI-Powered Platform to Turn Your Side Hustle into a Scalable Business

Turn a side hustle into something sustainable with Sellful's ERP White Label plan.

Side Hustle

After a 12-Year-Old's Side Hustle Made Over $4,000 in 1 Day, He and His Dad Grew the Business to Nearly $50,000 a Month: 'It Takes Commitment'

Madden Forrest and his father, Steven, turned their passion for football into a lucrative business.

Leadership

As a Leader, You Set the Tone — Here's Why Staying Calm Builds a Stronger Business

One thing I know unequivocally is that your mindset as a leader directly impacts your entire organization.

News and Trends

SarvaGram Raises INR 565 Crore in Series D; Doubles Valuation to INR 1,785 Crore

SarvaGram's board approved the issuance of 21,857 Series D compulsorily convertible preference shares (CCPS) and 20 equity shares at INR 2,51,431.22 per share in November 2023