FlowAccount, the provider of online accounting software for SMEs, has revealed its business plan to open in 2022 after receiving over $4 million in Series A funding from Sequoia Capital India, a global venture capital investor from the US. Along with investment partners Money Forward and SBI Investment from Japan in the middle of 2021 aiming to support SMEs to adjust their own business through online accounting. To enter the digital world, focus on creating productivity and doing business efficiently in an era of economic and social challenges.
Ready to launch 3 new features Multi-Currencies Create Thai-English sales documents in any currency Ready to set your own currency, FlowPay, a bill sharing system and accept payments via QR Code and e-Tax Invoice by Email, sending electronic tax invoices to customers via email. instead of sending documents by post All this allows entrepreneurs to open bills, collect money and receive money conveniently in a single system.
Krisada Chutinthorn, CEO and Co-Founder FlowAccount, said about the overall business opportunity in 2022 that after the covids came, SME businesses had to stop or go out of business. But over the past year to this year, entrepreneurs have begun to resume their business or change their original type of business to a profitable business in this situation. including changing people’s behavior for more remote work
SMEs are more flexible and entrepreneurs are more aware of their financial controls. by finding tools to control costs and help make better cost decisions Caulk various leaks timely leading to increased profits and investment opportunities
Therefore, it is an opportunity for software providers and cloud technology that allow people to work from anywhere, anytime with ease and efficiency. which various entrepreneurs begin to understand It is important to use tools that allow you to work anywhere, anytime, especially accounting software.
from the behavior of operators that have changed and began to adjust his own work to be more online including an increasing number of online merchants These entrepreneurs need helpers who have the potential to work quickly and easily. Including accounting work that wants to reduce the work process to be easier
Therefore, we continue to develop 3 new features, Multi-Currency. That allows you to create documents in any currency for doing business with foreign customers without having to calculate yourself, then use FlowPay, a bill sharing system and accept payment transfers from customers via QR Code, and finally e-Tax Invoice by Email. and send electronic tax invoices to partners via email to be used as proof of payment or VAT claim
All this will enable operators to manage money transfers and documents efficiently, complete in one place, FlowAccount, and in the future, we will also develop a system to support credit card payments. and connect to online payment systems such as e-wallet as well
In addition to the introduction of new features, FlowAccount continues to expand the business fully to meet the needs of SME entrepreneurs and the need to increase the efficiency of their expanding business of all kinds. Starting from the first quarter of 2022, FlowAccount continues to hire experts in each field to join the team.
Whether it’s the management team, the Product and Software Development team, as well as the customer service team. In order to strengthen FlowAccount, it can support more than 60,000 SME entrepreneurs, accountants and accounting firms, and aims to reach 100,000 new users by the end of the year.
We believe that the availability of the platform combined with the strength of FlowAccount is that you can get started right away. on a website or mobile app Make it easy to use, not complicated, can help solve accounting problems that customers are facing immediately. It also saves time in doing accounting documents. Income and expenses, opening bills, transferring salary that can link an account with Kasikorn Bank There is a fast payment system for customers. in an affordable service
To help SME businesses to reach us easily. It is a good helper to increase business efficiency in the era of challenges in every dimension. really meet the needs of entrepreneurs especially small SMEs who want to expand their business Account management is essential to helping those entrepreneurs achieve their goals in the future. And most importantly, they allow them to quickly adapt their businesses to the digital age.
