Firm launches BMAC Cloud accounting solution

A software firm, iKOOba technology, has launched Business Measurement Accuracy and Collaboration (BMAC) Cloud Accounting Solution. Speaking at the launch in Lagos, Project Director, Sam Afemikhe, said the new software was developed out of desire to find solutions to the everyday problems faced by Nigerian businesses. “The BMAC was conceived, designed and built by a […]

A software firm, iKOOba technology, has launched Business Measurement Accuracy and Collaboration (BMAC) Cloud Accounting Solution.

Speaking at the launch in Lagos, Project Director, Sam Afemikhe, said the new software was developed out of desire to find solutions to the everyday problems faced by Nigerian businesses.

“The BMAC was conceived, designed and built by a dedicated all Nigerian team of accountants, developers, business analysts, quality assurance experts. With BMAC accounting, IMS and the HR-payroll, entrepreneurs can now understand what their businesses are saying better”

According to him, BMAC was developed to promote collaboration among major stakeholders of business with the aimed of enhancing transparency, integrity, openness, trust, accuracy in measurement, reporting and assurance, which are important ingredients for a thriving economy.

“BMAC helps democratize good business practice, taking basic accounting and reporting to the boardroom and the corner shop, using its assembly line concept at unbelievably pocket-friendly rates.

Afemikhe said the cloud accounting solution helps entrepreneurs who cannot afford to recruit or retain an accountant to update their accounting methods, secures related accounting report within 12 hours of their daily closure for business.

He added that the software assist the business owners make robust decisions that would support their sustainable growth.

“Finance institutions are reluctant to lend to businesses for fear of not getting their money back. Finance providers will not give money to Small Medium Enterprises (SMEs) without at least basic verifiable financial or accounting information and a decent  business track record that enables them to ascertain their integrity, financial discipline and general performance.

“With the BMAC, business owners and managers can record and analyse their business transactions securely and quickly anywhere, anytime”, he said.