For the longest time, SMEs and startups had to spend their precious funds on expensive accounting software they couldn’t fully utilise. They needed the software’s precision for some of their crucial accounting tasks, but as they had little use for the full range of what the software offered, they were overpaying for what they were using it for.
This was especially frustrating because, as a young company, they weren’t in the position of having any money they could waste.
A Malaysian company called Bukku recognised the dilemma of these SMEs, startups and struggling accounting firms, and they set out to fill the gap by designing a system with accounting software features that appealed to these companies.
Cloud-based Solution
In completely redesigning the concept of business accounting software, they made some observations that would serve to streamline the software and be crucial in keeping it affordable for the young company on a shoestring budget.
The first thing they did was design the entire system to be cloud-based. With every piece of equipment representing a sizable investment for a company struggling to make ends meet, this made entrepreneurs and SME owners sit up and take notice.
Making the accounting system cloud-based negated any need for companies to invest in expensive separate computer infrastructure to provide for accounting security and privacy.
Plus, in the fast-paced world of today’s startups and young accounting firms, this accounting software could be easily accessed from a smartphone. This was a massive benefit to employees being seen as providing extra value for their clients.
Streamlined Accounting Functions
This agile functional capability soon came to characterise other aspects of Bukku’s accounting software. For instance, every employee who regularly files a claim for expenses hates the system of having to save every single receipt, add them all up at the end of the month, and submit a form, either in person or online, to be reimbursed.
The receipts themselves can fade, become smudged or lost before the employee has a chance to add them all up. Discrepancies can become issues that detract from the employees focus on their job responsibilities. It’s always been an imperfect system.
Bukku’s Digital Shoebox, however, is a breath of fresh air in dealing with receipts. Receipts can be bulk uploaded by the employee via WhatsApp. They are then automatically keyed into the accounting software with the highest accuracy.
The ability to use the software from the employee’s smartphone has other applications. Figures for services can be adjusted during a meeting, for instance. When everyone has agreed on the new figures, a professional invoice can be generated by the software from the smartphone and sent directly to the client or supplier. This can save any delays in a project.
With the fast-paced business world of today and the increased competition, a young and lean company needs every business edge they can get. Bukku supplies the accounting software that every upcoming company should have.
For more information, please contact us on our website, and please also download a 30-day free trial of our software.
