Wolf Frameworks, a leading Cloud Computing & Platform-as-a-Service (PaaS) Venture, headquartered in Bangalore, today announced that a 15 year old Chartered Accountancy firm has built a fully customized accounting SAAS product called eCounting, a Book Keeping & Financial SaaS product on Wolf’s PaaS, targeting the Indian Accounting Community. The entire application was built in only 60 days time and has already acquired 20 plus customers. The eCounting application will enable to deliver end-to-end web based accounting solution for Chartered Accountants & Businesses that automate complete book keeping & financial reporting processes and deliver the advantages of paperless account processing as an on-demand service to their clients.
eCounting CMS was sending their accountants to customer’s office to enter accounting data & prepare weekly MIS financial reports in excel sheets which were then emailed out to the management. They felt a need to provide their customers with an easy to use, secured web based system which can be accessed online for entering, storing all accounting related transactions of an organization and generate instant reports and analysis. No accounting software available in the Indian market was available on the web or as an OnDemand Model.
eCounting choose Wolf Frameworks PaaS as their OnDemand SaaS Development Platform to develop & deploy their idea & business need as a SaaS application. eCounting provided functional details and was not involved in writing technical code. Wolf Platform generates code based upon the Business Application Design automatically. WOLF’s team provided a 4 day hands on training & guidance program to eCounting business analysts where they shared knowledge, transferred skills rapidly. Hence eCounting was able to cut down the time from an idea to market dramatically & were ready to go with their Beta offering to market within a few months. eCounting CMS got to own the IP without spending any upfront capital expenses on software licensing or paying for maintenance. Future technology enhancements & delivery is taken care by WOLF PaaS and hence eCounting is focused around customer needs & feature enhancements.
“Our operations being geographically widespread, lack of complete accounting information, financial analytics in real time and easy accessibility to our customers were inhibiting our growth forward. We were looking for an integrated solution that offered a customizable web accounting software which aligned to the Indian accounting & auditing practices with an OnDemand business model. Being an SMB we wanted a solution which was cost effective with minimal burden on our IT department. We did evaluate several PaaS providers, however, Wolf’s PaaS, delivered a rare combination that offered software and hosting infrastructure along with a high security environment in a very affordable per user rate that delivered the ability to build in-depth complex workflows that matched and mirrored our processes exactly” said Mr. H.S. Jagadeesh, Founder & CEO, eCounting.
Adding further, Jagadeesh said “If we had built this application on any other platform, we could not have offered the flexibility and cost benefits which we plan to offer. We offer eCounting to Chartered Accountants & Accounting Community who can then offer the same as their own SaaS accounting to their clients along with additional services such as Filing of statutory returns, investment advisory services, payroll maintenance, and related services on a subscription model.”
Speaking on the occasion, Mr. Sunny Ghosh, CEO Wolf Frameworks said “It gives me immense pleasure in announcing that eCounting has chosen Wolf Frameworks PaaS to build this unique web based accounting software. This is one of the first SaaS accounting products running on WOLF PaaS. We believe that Wolf’s PaaS fits into a sweet spot where we can cater to the increasing demand for developing & delivering customized SaaS applications targeting the SMB sector, at a fractional cost with higher scalability and dependability.” Adding further, he said, “eCounting will revolutionize the accounting service industry by introducing a browser based collaborative accounting approach for all stake holders i.e. business owners, accountants and chartered accountants and save cost, time & increase efficiency.”
About Wolf Frameworks
WOLF Frameworks (wolfframeworks.com) was founded in 2006 by Ralph Vaz and is headquarted in Bangalore. Since the release of the public beta, within a short period of 6 months time, the company has acquired more than 2500 users, added more than 900 plus applications in its portfolio and has started playing a pivotal role in the emerging Cloud Computing landscape worldwide.
It has introduced a path breaking platform which allows tech savvy business users, domain expert & application developers to design-deliver & run all sorts of business applications over the internet without writing a single line of technical code. First of its kind, offered over the web, this framework fundamentally revolutionizes the way companies can access Business software's OnDemand, manage change, lower cost, unlock their intellectual potential by rapidly transforming ideas as deployed applications & in turn increase Software as a Service (SaaS) adoption worldwide.
Offered online with additional implementation services via the solution partner network, WOLF Frameworks Platform is enabling many partners to design & deliver customer centric SaaS business applications for organizations worldwide. Targeted towards IT Services, Web Development, Business Process Solution & Consulting Companies, the framework allows to Design & Deliver interoperable and mashable Business Applications rapidly, without the tedious process of setting up a database, middleware, or licensing special software or installing hardware, etc. It is a complete browser based OnDemand SaaS (Software-as-a-Service) development platform for CIO’s, Enterprises and Application Developers.
Ecounting Corporate Management Services Private Ltd. (ecountingonline.com) is a company founded by a team of Chartered Accountants based in India with associate companies in the Middle East, providing accounting, audit and tax consultancy services for the last 15 years.
eCounting is developing a host of SaaS products for the Finance & Accounting Industry.
Preeti Gupta, Pragma Communication
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