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Shagun Malhotra is an American entrepreneur and businesswoman, known for founding SkyStem, a fintech company that provides automation solutions for accounting processes.[1]
Shagun is recognized for her contributions to the fintech industry and for promoting women in technology and entrepreneurship.[2][3]
Early life and education
editShagun Malhotra was born in India.[4] Shagun pursued her education internationally, studying at the American College of Switzerland where she earned an Associate of Arts (AA) degree. She later completed her Bachelor of Science (BS) in Accounting and Economics from The University of Texas at Arlington.[4]
Career
editAfter completing her education, Shagun Malhotra began her career in public accounting.[5][6] She worked as a consultant at Resources Global Professional from 2007 to 2010[7], focusing on project management, audit, and SOX work. She also held a consulting position at Fortis from 2007 to 2008.[7] Prior to these roles, Malhotra served as a Senior Manager at Freddie Mac from 2006 to 2007.[8][7]
Founding of SkyStem
editIn 2009, Shagun Malhotra founded SkyStem LLC. The company's flagship product, ART, is a software solution designed to automate month-end financial close and reconciliation processes.[9] The inspiration for SkyStem came from her firsthand experience with the challenges faced by accountants using manual methods for financial close and reconciliations. She identified a gap in the market for affordable automation solutions targeted at mid-sized companies.[9]
Expansion of SkyStem
editUnder Shagun, SkyStem has expanded its user base to over 15 countries as of 2024.[10]
Leadership style and philosophy
editShagun emphasizes a customer-centric approach in her leadership of SkyStem.[11] She prioritizes continuous product improvement based on user feedback and maintains a strong focus on customer service.[11]
Other ventures and contributions
editShagun Malhotra participated as an entrepreneur in the Start Up Chile program in 2012.[12][13]
Awards and recognition
editShagun Malhotra was a recipient of the 2016 Women World Awards.[14] Her company, SkyStem, has also received industry recognition, including being named one of the 2019 Best Accounting, Budgeting, and Expense Management Software Brands by SoftwareWorld.[15][16]
Personal life
editMalhotra is a Certified Public Accountant (CPA) and a Certified Internal Auditor (CIA).[17][18]
References
edit- ^ Writer, AIT Staff (2023-11-25). "AiThority Interview with Shagun Malhotra, Founder, SkyStem". AiThority. Retrieved 2024-08-14.
- ^ www.canadianbusinesstoday.com https://www.canadianbusinesstoday.com/article/548060401-skystem-s-ceo-shagun-malhotra-named-2021-fintech-ceo-of-the-year. Retrieved 2024-08-14.
{{cite web}}: Missing or empty|title=(help) - ^ "Women in NYC Tech: Shagun Malhotra of SkyStem – AlleyWatch". Retrieved 2024-08-14.
- ^ a b "KIS ALUMNI MAGAZINE by KISAlumni - Issuu". issuu.com. 2016-10-20. Retrieved 2024-08-14.
- ^ "Shagun Malhotra". Accounting Today. Retrieved 2024-08-14.
- ^ "SkyStem Founder Shagun Malhotra: 'SkyStem has grown into something more than I could have ever imagined' – Databird Business Journal". www.databirdjournal.com. Retrieved 2024-08-14.
- ^ a b c "Shagun M. | Linkedin".
{{cite web}}: CS1 maint: url-status (link) - ^ Mastery, Torry (2021-09-17). "Shagun Malhotra, CEO and Founder, SkyStem, A DotCom Magazine Exclusive Interview". DotCom Magazine-Influencers And Entrepreneurs Making News. Retrieved 2024-08-14.
- ^ a b admin (2021-10-10). "SkyStem: Account Reconciliation Process | Shagun Malhotra". The Chief Digest. Retrieved 2024-08-14.
- ^ "Shagun Malhotra: Automating the month-end closing process". Aspioneer. 2020-10-05. Retrieved 2024-08-14.
- ^ a b Review, Industry Era. "10 Best Companies of-2020, Shagun Malhotra, SkyStem - featured in industry era review magazine". Industry Era Review. Retrieved 2024-08-14.
- ^ Canal-i (2012-06-22). Profile Shagun Malhotra (India) Start-Up Chile. Retrieved 2024-08-14 – via YouTube.
- ^ Lobosco, Katie (2013-11-25). "5 American startups that launched in Chile". CNNMoney. Retrieved 2024-08-14.
- ^ Awards, Globee (2022-06-01). "Shagun Malhotra". Globee® Business Awards. Retrieved 2024-08-14.
- ^ SkyStem, admin, Author at (2020-09-01). "SkyStem's Accounting Software Rated Best in Class by Softwareworld". SkyStem. Retrieved 2024-08-14.
{{cite web}}:|first=has generic name (help)CS1 maint: multiple names: authors list (link) - ^ SkyStem. "SkyStem's Accounting Software Rated Best in Class by Softwareworld". www.prweb.com. Retrieved 2024-08-14.
- ^ "Shagun Malhotra". Accounting Today. Retrieved 2024-08-14.
- ^ Trujillo, Emily (2023-12-12). "15 foreign founders in the US to watch out for in 2024". The Sociable. Retrieved 2024-08-14.