Fararo Institute;
Business Intelligence, Internal Controls & Commercial Defense on one data line
Fararo combines auditing, law, economics, finance, accounting, business intelligence and AI to move beyond siloed reports and build an integrated decision-making system for the Board: from data architecture and executive dashboards to COSO-based internal controls and the GoBI platform.
If these challenges sound familiar, Fararo is on your side
CFOs, board members and CEOs usually face three core issues: seeing the big picture, ensuring internal control, and having solid grounds for defense before regulators and stakeholders. Fararo stands precisely at these three points.
Many reports, no unified picture
Financial, operational, inventory, sales and HR reports are each produced separately; but the Board lacks a single view of risk, profitability, liquidity and projects.
Internal controls and risk are fragmented and ad-hoc
Policies, signatures, document flows and controls have evolved patchwork over time—not based on a professional framework like COSO and not grounded in data analysis.
We stand alone in tax, insurance and banking defense
When facing tax, social security or banking cases, the organization needs precise documentation, reliable financial statements and a team that speaks both sides’ language.
Fararo’s capabilities – from software to commercial defense
Fararo does not just deliver a piece of software or a one-off report; the combination of BI, auditing, legal, finance and AI turns the output into a robust tool for risk management, board decision-making and commercial defense.
1. Software systems, Business Intelligence & GoBI
Implementation and customization of the GoBI BI platform for financial and operational analytics, management dashboards, interactive and smart reports for strategic decision-making. Design of an enterprise data warehouse, and management of migration / convert / ETL / ELT and data integration.
2. AI tools & RAG
Implementation of dedicated AI tools, including Telegram bots connected to models, RAG over organizational documents and data, offline/local deployment to preserve confidentiality, reduce communication overload and monitor risk and fraud intelligently.
3. Internal audit & internal controls
Process mining, identifying bottlenecks and developing financial, procurement, inventory, fixed assets, petty cash and other internal procedures; designing and assessing internal controls based on the COSO framework and executing data-driven internal audits using modern inspection techniques.
4. Special audit, discrepancy analysis & fraud detection
Executing special audit and inspection projects to detect fraud, financial and administrative misconduct, discrepancies, errors and to fix the structure of entries, chart of accounts and reporting across financial and operational domains.
5. Financial, tax, insurance & management advisory
Specialized advisory in finance, accounting, taxation, social security insurance, budgeting and controlling, financial structure, financing and partnerships; support in tax and insurance defense before various authorities and design of reporting and performance evaluation systems.
6. Training & capacity building
Design and delivery of training programs in accounting, auditing, finance, tax, social security, organizational processes, e-commerce, advanced computer and Excel skills, e-invoicing systems and VAT, and financial statement analysis.
7. Legal services & commercial defense
Advisory and defense in labor, insurance, tax, banking, contracts, civil partnerships and public procurement disputes; drafting and reviewing contracts and supporting claims and counter-claims before relevant authorities.
GoBI: a platform to see your organization, not just tables and numbers
GoBI is built for financial and operational analytics, data-warehouse design, interactive management dashboards, smart reporting and KPI/OKR monitoring. It connects to your financial, operational, inventory and other systems, migrates and integrates data, and alongside AI and RAG tools keeps abnormal patterns and risks under surveillance.
Financial statements, ratios, cash flow, scenarios and performance evaluation reports.
Sales, margin, inventory, orders, project capacity and production planning.
Compliance tests, exception reports, risk alerts and internal control monitoring.
Smart chat over data and documents, summarisation, analysis and narrative reporting for executives.
Which organizations is Fararo a good fit for?
Any economic entity that wants to upgrade its data and financial statements from isolated reports to tools for decision-making, risk control and commercial defense can be a client of Fararo and the GoBI platform.
Manufacturing & industrial companies
Factories and industrial plants in packaging, chemicals, automotive, textiles and more that need costing, production control, budgeting and performance analysis.
Healthcare, financial services & leasing
Hospitals, medical centers, investment companies and leasing firms that require precise management reporting, performance evaluation and robust tax/insurance defense.
Contractors, construction & infrastructure
Construction and EPC contractors and infrastructure projects where contract control, progress billing, cost of projects and project risk are mission-critical.
IT, startups & digital economy
Tech companies, startups and online businesses that, alongside growth, need data architecture, management dashboards and support in fundraising and investor relations.
Real-world experience; from reporting to structural change
Fararo has worked with dozens of manufacturing, service, healthcare, contracting, leasing, trading and technology companies—from basic reporting to financial structure design, costing, software migration and tax defense.
Design and implementation of management dashboards for packaging, healthcare, leasing and service industries.
Re-structuring finance, chart of accounts and software migration in manufacturing, contracting and financial services companies.
Performing internal audit, special audit and discrepancy analysis for large entities in oil, petrochemicals, transportation and trade.
Preparing financial statements (Persian and English) and performance evaluation reports for multi-company groups and holdings.
Tangible output for executives
Fararo’s focus is to ensure that the outcome is not just a decorative report, but something that can be relied on at the board table, in tax defense hearings, in banking negotiations or in project decisions.
Therefore analytical reports, dashboards, internal controls and AI tools are designed together, built on top of accurate and reliable financial statements.
How we work with you – from first meeting to ongoing support
The engagement process is designed so that each step produces concrete, usable output for managers—not a project that stays in folders.
Interviews with management, review of financial statements, contracts and systems, and defining the problem from the Board’s and executives’ perspective.
Defining KPIs/OKRs, designing the data model, identifying reporting and internal control needs and documenting processes.
Deploying management dashboards, monitoring indicators, implementing compliance tests and data-driven internal controls.
Training finance, internal audit and management teams on using dashboards, reports, controls and AI tools.
Supporting board meetings, tax and insurance defense, banking and investor negotiations, and continuously updating dashboards and control tests.
How can you work with Fararo?
Depending on organization size, problem complexity and decision-making horizon, we can start from a focused project or move into an ongoing advisory model.
Defined project with clear deliverables
A project with a clear scope (e.g. management dashboards, GoBI implementation for a specific area, special audit or financial restructuring) with specific milestones and deliverables.
Ongoing support as advisor and partner
Continuous presence alongside your finance, internal audit and executive teams to monitor indicators, update dashboards, support decisions and handle tax/banking defense.
Combined GoBI + internal audit packages
A combined package of GoBI implementation plus internal audit and internal control program design and execution—suited for companies and holdings that want to upgrade data infrastructure and governance together.
Frequently asked questions about working with Fararo
Where do we start? Do we have to jump straight into GoBI?
We usually start with a problem-discovery session. Depending on data quality, existing systems and management priorities, we may first focus on financial structure and reporting, and then pilot GoBI in a specific domain.
In tax and social security matters, where does Fararo help?
From designing documentation and reporting structures to supporting you in tax tribunals, High Tax Council, social security boards and administrative courts—with emphasis on documentation and data analysis for evidence-based defense.
How is confidentiality of data and documents protected?
Where possible, we prefer local or trusted in-house deployment for software and AI projects; RAG and AI architectures are chosen so that sensitive documents do not leave the client’s control.
Can you train our internal team and transfer knowledge?
Yes. A key part of the work is training finance, internal audit, IT and management so that after the project ends they can work with, maintain and extend dashboards, controls and tools without depending on us.
Shall we schedule an introductory session?
If you are a CEO, board member, CFO, head of internal audit or a business owner, in a short session we can discuss your main issues, data status and how GoBI and Fararo’s services can help your organization. Fill out the form below and we will contact you.