India’s one of the fastest growing digital accounting management services company AlignBooks Info Solutions Pvt. Ltd. has announced the launch of AlignBooks solution on Cloud for smart and efficient management of business and accounting.
AlignBooks is a result of more than few decades of combined experience of the team which felt a strong desire to break free the notion that an ERP is not suitable for an MSME segment. “AlignBooks is pitching itself in this ever-growing MSME segment by offering a mini-ERP with which a user can feel pulse of numbers and most importantly the business. MSME’s are the backbone of economy and a key metrics of growth and our support to this segment is closely aligned to our foundation of existence. AlignBooks being a cloud based online accounting software has the scalability to serve the large numbers of MSMEs with ease,” commented Mr. Samir Garg, Director, AlignBooks Info Solutions Pvt. Ltd.
With the rise of digital platform like e-commerce, e-banking , Government push for digital reporting, e-compliance norms, and ever-increasing demand for analytics and comprehensive functionality, the MSME segment is looking for solutions which can provide real time MIS. It is expected that during the 2016 – 2021 the accounting software growth is expected to be around 14% CAGR.
Indian economy is performing well and there are all positive signs for maintaining and accelerating the present GDP rate.There are close to 36 Million MSME with more than 50% unregistered and majority now have to take a stand on systems & compliance part with the implementation of GST. The MSME segment is growing well above 12% over the past few years.
Commenting on the market outreach strategy for AlignBooks, Mr. Samir Garg also said, “We have launched our beta version to test the product that includes all the key features. We are working full pace on the final version release which is expected to be within three months’ time duly keeping beta response in perspective.”
Elaborating company’s expectations from the market, Mr.Pawan Jajodia Director and Co-Founder of AlignBooksalso added, “The market is bound to evolve and has a certain gap to accommodate players who are offering product with modern days technology along with “niche” features. Introduction of GST besides the digital India push is a positive momentum for the industry.We have tried to be dynamic and our focus is not to capture certain industry verticals but trying to provide all round solutions to all industry verticals by roping with us Accountants, Certified Professionals, Chartered Accountants, Business Process & system implementers and even software developers who are developing connecting tools. We are not differentiating or customizing based on verticals rather we are giving this USP to the user to identify us as a differentiator.”
The appealing part of AlignBooks is the offered price factor. The company has created this solution completely on Cloud basically for the MSME segment which represent the masses of Indian economy. With the vision of ensure ease of doing business, the cost of AlignBooks Cloud solution is coming out to be closer to the cost of few coffees you consume on a monthly basis.
Mr. Garg also pointed out, “We are relying heavily on automations to keep ourselves extremely competitive. And of course, there is a one month free trial before you decide to hook with us for long term at a price which is as low as, your monthly coffee bills.”