Best Projects 2020 features all the nominated entries submitted ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs.
Published on September 17, 2020 um 09:36
Type of Enterprise
Year the ngo or company was founded
Explain your project in details:
ACCOUNTILE is a digital accounting & invoice financing platform for SMEs that aims to achieve the following objectives: 1. To provide an affordable digital accounting platform.The platform is able to: Record business transactions Track Stock Reporting stock status Warning when stock is running out Generate business reports Summarizes current financial status by preparing Sales report, Expenses report, profit and loss statement, and stock status report for a given period. Work online and offline Allow self-customization Synchronise accurately Generate visualizations of sales statistics, expenses statistics, and best and worst sales month summary, profit/loss, and others. 2. To provide financial data analysis services 3. To make business projections by implementing machine learning models 4. To have the software platform in multiple 5. Provide invoice financing of up to $15000
Impact of your enterprise on sustainable development
Goal 1: No Poverty: Accountile aims at supporting businesses through invoice financing to boost their working capital. Goal 8: Decent Work and Economic Growth : Proper financial records management ensures business growth which in turn boosts the economy. SMEs can manage their financial records with ease using Accountile App.
Sustainability and future plans
Our business model is B2B; here businesses use Accountile App to manage their businesses and also can apply for invoice financing for their unpaid invoices. In future , we plan to add B2C version where customers will be able to use Accountile buyer App to do online shoping and cashless payments with businesses that use Accountile App. We are currently using personal savings to run the business(operations and MVP development) but we are engaging investors as well to raise funds.
Your profile as an entrepreneur
I am 29 years male, an IT professional, Tech Entrepreneur, Educator, and Innovator with over 5 years experience. I have worked as an IT Specialist and Educator in Uganda, working with institutions and training people in IT skills, and have co-founded two startups that are promising. Motivation to start Accountile arises from my experience as a chief accountant in a Savings Scheme where I subscribe; It was tiresome to manually manage transactions and using my computer science skills I built a web application that eased my accounting work, Accountile builds on this earlier project.
How Accountile works