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Tuesday 4 April 2017

FINANCIO From ABSS Online Accounting Software For Micro & Small Business Accounting Automation

Online Accounting Software For Micro & Small Business Accounting Automation

Launch Of FINANCIO From ABSS Online Accounting Software
ABSS Chief Executive Officer Paul Conway & ABSS Chief Technology Officer (Cloud) Jye Eng. 

Recently, I was introduced to FINANCIO From ABSS, a new generation of online accounting and invoicing software tailor-made for Malaysian micro and small businesses. It's particularly suited for those looking to streamline their accounting & GST, Sale & Purchase process with the help of automation and a super easy-to-use accounting software.

Financio - Small Business Accounting Automation

A new accounting automation software called Financio is here to help startups, micro and small businesses to manage their accounts. Things are now a lot easier with this new accounting automation software now.

Developed by Asian Business Software Solutions Sdn Bhd (ABSS) – a subsidiary of Censof Holdings Bhd that was acquired in 2015 – with startups, micro and small businesses in mind, the software is user-friendly, cloud-based with little or no accounting knowledge needed to manage their accounts with little or no outside help.

➤ Accounting Automation - Just issue invoices, record payments and expenses, Financio will do the tedious ones such as generating accounting entries and tax records for you.

➤ e-Invoicing - Create professional looking invoice and have it delivered to your customers electronically via email in just a few clicks.

➤ Malaysian GST Ready - Financio is Malaysian GST-Ready, you can issue GST-03, TAP file & GAF file as recommended by Royal Malaysian Customs in just a few clicks.

➤ Collaborate - Send and receive messages as well as share files related to the transaction with your customers or suppliers, regardless they are using Financio or not.

➤ Financio Connect - Connect your business with other businesses on Financio. Transactions, messages, files and updates can be send back and forth effortlessly.

➤ Unlimited Users - Invite your partners, accountants, bookkeepers, sale personnels and assign appropriate permission for them to reduce your workload.

➤ Flexible Permissions - Highly customisable permission settings (Read-only, create or approval) on each modules enable you to grant precise permission to your employees.

➤ Charts & Reports - Live charts and reports at your fingertips whenever you need it. You are always kept updated and have a better idea of how your business is doing.

➤ Online / Cloud Based - Online / web-based accounting software. Access your data anywhere with any connected mobile, tablet or computer. For PC, Mac, Android or iOS.

➤ Live Backup - All data stored on Financio comes with one copy of live backup and a second copy of daily backup, never worry about losing your data again.

➤ Highly Secure - We deploy banking level security on our servers and for data transferred between your machine and our servers. Your data is safe with us.

➤ Responsive Support - Our knowledge base provide instant answers to you. On top of that, our support agents will be happy to answer your questions via live chat/email.

FOR BUSINESS OWNERS - You don’t have to be an accountant to use FinancioFinancio. It is designed for business owners and non-accountants. The interface and steps are all designed with you in mind.

ACCOUNTING AUTOMATION - Just do what you love doing and concentrate on growing your business, leave the rest to us. Financio generates accounting entries and tax records automatically for you when you record your transactions in Financio.

FOR MICRO & SMALL BUSINESSESFinancio is designed just for micro and small businesses. We tweak our interface and features based on feedbacks we gathered from local micro and small business owners.

BEAUTIFUL USER-INTERFACE - We believe enterprise software doesn't have to look ugly or outdated. Financio sports one of the best and cleanest interface for accounting solutions you can find in the market.

REDUCED PAPER WORK - it's tedious maintaining thousand of hard copy documents in your office. Move your documents online with Financio and make your documents searchable and accessible anywhere on the planet.

SPEED MATTERSFinancio generally loads within 3 seconds. The invoice can be issued in 1 minute or less. Less time wasted on tedious steps and waiting. Soft copy of your invoice get sent to your customer in 0.05 second and get paid by your customer faster.

EVERYTHING UNDER 1 ROOF - We know how frustrating it is to retrieve a small piece of information from a dozen of emails or trying to recall some promises you made on a phone calls 3 months ago. With Financio, you can bring your transactions, documents and conversations online and stored digitally all under one roof.

STAY CONNECTEDFinancio sports the unique architecture borrowed from the social network, allowing you to connect directly with other businesses on Financio. Making it a breeze to send transaction, documents, messages and updates back and forth between both parties, pushing productivity to a new height.

“Many startups and 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 and performance because they are flying blind and cannot be in control of a business if they don’t know what is going on,” said ABSS Chief Executive Officer Paul Conway at the launch of FinancioFinancio in Kuala Lumpur today. 

Financio is designed to be used by non-accountants, it is user-friendly and does not require any accounting knowledge to operate. It also allows the sender and recipient of the transaction to communicate and share documents on the same platform.

“And because micro and small businesses are crucial to local economies by generating income for families while creating job, products and services ABSS is also offering the basic version of FinancioFinancio for free, for life, as our contribution to society,” he added.  

It basically takes away most of the bookkeeping process from the business, and all users need to do is put in the sales and purchase figures. The system will do the rest such as double entries, generate reports and tax records.

Users can track sales and purchases and miscellaneous transactions, automatically generate financial reports and tax records, also automatically forward transactions to recipients via email and inventory tracking.

Financio also offers multi-currency support, real-time backup, Malaysian GST support, file storage for attachments to transactions and, because it is Cloud based, be accessed from anywhere.

“There’s even a feature called ‘Financio Connect’ that allows businesses to connect with one another, just like adding a friend on social media, and once a connection between two 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 ABSS Chief Technology Officer (Cloud) Jye Eng. 

“We realised 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 and access their data anywhere they go,” added Eng.

Try Financio For Free
Use The Premium For RM 32.95/Month or  RM329.50 a year

Users can try Financio for free and purchase the premium version which features a full function of the software including the Malaysian GST support and bigger file storage with a low entry cost of RM32.95 per month of RM329.50 for a year.

The launch version is in English, with the Bahasa Malaysia and Chinese versions to be launched by the 2nd quarter of 2017.

“Micro and 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, and in 2017 we will be introducing Financio into Singapore by June and into Hong Kong, Philippines and Indonesia by September” said Conway.  

Watch This Funny Video About Jye, a Small Businessman Running Away From The Taxman & Why?  

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