1suite presentation for capitalsquare demo day
DESCRIPTION
1Suite is a cloud-based accounting platform to help startups track income and expenses with minimal accounting knowledge, allowing them focus on their core business. 1Suite Accounting simplifies financial record keeping and analysis for small business owners and helps them generate quotes, invoices, receipts and professional financial reports with ease. http://1suite.com.ngTRANSCRIPT
INTRODUCING 1SUITE ACCOUNTINGINVOICING & ACCOUNTING TOOL FOR SMEsBy Uche Aniche
START FROM THE BEGINNING
ACCESS TO FUNDING IS IDENTIFIED AS A MAJOR CONSTRAINT FOR SMALL BUSINESSES IN NIGERIA AND OTHER DEVELOPING COUNTRIES.
BUT PROPER & RELIABLE BOOK KEEPING IS THE MAJOR REASON FUNDING FOR THIS SECTOR IS SCARCE.
WHY?
OVER 50% OF SMALL BUSINESS OWNERS DON’T KNOW ANYTHING ABOUT ACCOUNTING
ABOUT 63% USE SPREADSHEET WHILE THE REST USE SOME FORM OF SOFTWARE
THE CHALLENGE.
1. TIME CONSUMING2. UNRELIABLE – ERROR PRONE3. REQUIRE INTERMEDIATE TO EXPERT LEVEL
SKILL4. DOESN’T HAVE IN-BUILT QUOTE & INVOICING
FUNCTION5. MOST SOFTWARES (SPREADSHEETS INCLUSIVE)
WASN’T DESIGNED FOR NIGERIAN GAAP
OUR SOLUTION?
1Suite is optimized to help Small Business Raise Quotes, Invoices, Receipts, Record Payment Transactions, Manage / Reconcile Bank Accounts And Seamlessly Generate Accounting Reports.
IF YOU UNDERSTAND FINANCIAL REPORTING, YOU CAN DRILL FURTHER TO GET FURTHER USEFUL METRICS FOR YOUR BUSINESS. OTHERWISE, YOUR AUDITORS AND ADVISERS CAN THEN HELP.
SOME EXAMPLES OF METRICS & REPORTING INCLUDE P&L, BALANCE SHEET, DEBTORS/CREDITORS COUNT, UNPAID INVOICES STATUS ETC.
NO HARDWARELOW PRICINGCLOUD BASED
EVERYWHERE ECOFRIENDLY
GROUPSUPPORT
SAVESTIME
WE HOPE THAT BANKS WILL PARTNER WITH US, USE OUR PLATFORM TO PRE-QUALIFY PROSPECTIVE SME LOAN BENEFICIARIES.
BIG IDEA
www.1suite.com.ng
www.1suite.com.ng
THANK YOU.