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Oumesh Sauba, Founder & Director, Nubooks Software talks to us about his new age accounting platform which is useful for the MSMEs.
What is the acceptance rate of an AI-enabled accounting platform with the MSMEs in non-metro locations in the last 1 year?
Oumesh - Honestly speaking, people are more interested in getting their work done easily and transparency that hardly compare if the system is using AI or not, they focus more for privacy and accuracy. We use an enhancing AI to make it easy for users to use software so that they don’t have to struggle and spend more time in data input.
As per our estimation with more strict compliance and GST norms, MSME are adopting accounting software rapidly that is easy to use and comes with multiple features. There has been a 40% growth compare to previous year for accounting software adaptation in MSME and we are going to see some great figures in coming year too.
What has been the business growth revenue % of NuBook in the last 1 year?
Oumesh - We started 2 weeks ago and so far, we have been receiving good feedback from new users. We are looking for more MSME to start using our platform and we want to keep enhance the features of the software as an easy bookkeeping solution. We are aiming for 100k users in one year.
Why are you looking for a fund-raiser?
Oumesh - We have a great product and now we need a good marketing campaign and develop our customer support team help users with their queries. We are looking for investors to help us achieve the 100,000 users in the next 12 months.
How is the technology of accounting platform evolving and how do you keep up with it?
Oumesh - There are lots of changes within the industry. If you look 5 years back, it has already transformed a lot. Cloud based software has been at the forefront of the innovation. Moving from desktop to cloud based has been relatively easy as the user interfaces are the same. Everything is moving towards app-based system to make it easy for users to adopt a cloud-based software.
We have a team of in-house accountants and we also receiving feedback from our users to make the software more easy and friendly to use, compatible and keep providing upgrades to users.