Friday, June 21, 2024

Local cloud firm rolls out online accounting system for small biz

By Tom Noda

Filipino entrepreneurs, especially micro-small-medium-enterprises (MSMEs), can now have access to a cloud-based accounting system that fits their budgets.

Cid Systems general manager Lumeng Lim
Cid Systems general manager Lumeng Lim

Oojeema, the online accounting system developed by local Web services provider Cid Systems, provides online service for financial management, inventory tracking, and Philippine tax computation.

Lumeng Lim, general manager of Cid Systems, said Oojeema was tailored to cater to MSMEs who can?t afford popular business software from global enterprise brands.

Lim said Oojeema can help MSMEs manage their business easier, whether they are home-grown start-ups handling small stores or stalls in bazaars, or even doing online selling.

“Filipino entrepreneurs can spend less hours on forms and reports, so they can go out and spend more time building relationships with customers, as well as innovating on their products and services to make them more creative, competitive, and profitable,” Lim said.

Also programmed to compute taxes and generate government reports and forms, Lim assured that Oojeema runs in compliance with Philippine laws. “This helps ease the hassle of abiding by many of the requirements of the Bureau of Internal Revenue (BIR).”

Using the double entry accounting system as its core framework, Oojeema’s functionalities were built layer by layer, ensuring that accounting principles are adapted while making the experience as delightful as possible. Customers are also invited to share their user experience by sending feedback through the system.

Some the things that MSMEs can do with Oojeema are invoices, inventory tracking, reports, purchases, auto bank reconciliation, tax support, among others.


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