Hmm…are you a number 1️⃣2️⃣3️⃣ person?
Do you enjoy dealing with numbers 🔢, calculation 4️⃣➕6️⃣, accounting etc. on a daily basis?
Personally, SiennyLovesDrawing is not keen…numbers 4️⃣5️⃣6️⃣ just not her forte…
SiennyLovesDrawing was invited to attend the launch of Financio & she has learnt that Financio is a cloud ☁️ based accounting automation software (hence it can be accessed from anywhere) which developed by Asian Business Software Solutions Sdn Bhd (ABSS) – a subsidiary of Censof Holdings Bhd that was acquired in 2015. It aims to be helpful especially for you who either owning or currently exploring to own your own start up, micro or small businesses, however worries about your numbers, accounting, tax returns etc.
Financio is for users with little or zero 0️⃣ accounting knowledge & to manage their own accounts with little or no external help. This accounting software is designed for non-accountants. Moreover, it allows the sender & recipient of a transaction to communicate & then share business documents on the same platform i.e. Financio.
“Many startups & small businesses cannot afford or see the need for an accountant in the early stages. This is a risk as they can lose track of their financials & performance 📊📈📉because they are flying blind & cannot be in control of a business if they don’t know what is going on,” said Paul Conway, the CEO of ABSS during the launch
“And because micro & small businesses are crucial to local economies by generating income for families while creating job, products & services ABSS is also offering the basic version of Financio for free, for life, as our contribution to society,” Paul Conway added.
“There’s even a feature called ‘Financio Connect’ that allows businesses to connect with one another, just like adding a friend on social media & once a connection between 2 businesses has been established, it works seamlessly by allowing transactions to be sent across to each other as well as communicate on a single platform,” said Jye Eng, the ABSS Chief Technology Officer (Cloud).
“We realized that the younger generation is becoming the main driver of the country’s economy, they tend to be more IT savvy, willing to try new things, and want to have a clearer picture of their business’ finance & access their data anywhere they go,” added Jye Eng.
“Micro & small businesses make up 97% of the SMEs in Malaysia 🇲🇾 We target to get 20 per cent of them or about 125,000 users by March 2018. In 2017, we will be introducing Financio into Singapore 🇸🇬 by June & into Hong Kong 🇭🇰 , Philippines 🇵🇭 & Indonesia 🇮🇩 by September” said Paul Conway.
So, why Financio?
Users can try Financio for free & use the full function-rich premium version with a low entry cost of RM1/ day (RM32.95/ month or RM329.50/ year). The current launch version is in English & the Bahasa Malaysia (national language of Malaysia) & Chinese versions will be launched by the 2nd quarter of 2017.
Financio basically takes away most of the bookkeeping 🗃process from the business & all users need to do is put in the sales & purchase figures. The system will do the rest such as double entries, generate reports & tax records.
Users can also track the sales & purchases & miscellaneous transactions, automatically generate financial reports & tax records, as well as automatically forward the transactions to the respective recipients via email & inventory tracking. It also offers multi-currency support, real time backup, Malaysian GST support, file storage 🗂 for attachments to transactions etc.
For more details, do check out,
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