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Startup from Cyprus offering an innovative Mobile App for Self-Employed individuals for the management of their Accounting and Tax needs.

Summary

Profile Type
  • Business Offer
POD Reference
BOCY20240724005
Term of Validity
24 July 2024 - 24 July 2025
Company's Country
  • Cyprus
Type of partnership
  • Commercial agreement
  • Supplier agreement
Targeted Countries
  • All countries
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General information

Short Summary
A Cypriot SME revolutionizes the accounting and tax services market with an innovative mobile app designed for self-employed individuals. The app features a simple and user-friendly UI/UX, making self-accounting accessible and manageable. The company seeks partners in various countries to localize and jointly offer this solution in their respective markets through a SaaS model.
Full Description
The Cypriot SME offers a mobile application for self empolyed individuals efficient and effective management of their business accounting and compliance with their tax obligations.

The applications offers the following features:

- Easy record of income and expense transactions
- Auto reports and tax tables ready to submit
- Reminders for VAT, Income Tax, Social Insurance, General Health System, VIES etc
- Customizable to the user's individual needs

The Minimum Viable Product (MVP) has been available in the Cypriot market since early 2024, accessible via Google Play and the Apple Store. Currently, the app is visible only to users located in Cyprus. However, the company is open to provide access to interested parties from other regions upon request.
Advantages and Innovations
The key advantage of the innovative solution offered, is its ability to tailor the UI/UX to the specific needs of each self-employed user. This customization is achieved through an onboarding questionnaire that acts as an initial accountant interview, setting up the individual profile in terms of menu visibility, form detail, and calendar notifications. This ensures that the UI/UX remains as simple and user-friendly as possible, avoiding unnecessary options and views.

The solution is built on four key pillars:
1. Individual Profiling: This sets up a customized user experience based on individual needs, including VAT reporting periods, VIES requirements for income from other EU countries, simplified expense categories, and personalized calendar alerts.
2. Transaction Recording: Allows easy on-the-go submission of income or expenses with minimal clicks. Users can optionally attach photos or files for electronic archiving.
3.On-Screen Reports: Provides easy-to-understand reports optimized for mobile screens, enabling simple scrolling between time periods. The app also offers automatic tax calculations and export-ready formats for submission to authorities.
4.Calendar & Notifications: Features a customized calendar of obligations based on individual settings, with notification reminders for deadlines and obligations.
In addition to user customization, the success of our solution relies heavily on localization for each country. Therefore, we are seeking partners to adapt the solution based on local accounting practices and tax frameworks.
Stage of Development
  • Already on the market
Sustainable Development Goals
  • Goal 9: Industry, Innovation and Infrastructure

Partner Sought

Expected Role of a Partner
Seeking ideal partners such as local accountancy offices, cloud accounting providers, or any businesses aiming to reach self-employed individuals. The partner's role is to offer expertise and insights into local accounting practices and tax obligations for the self-employed. This collaboration will ensure that the product is tailored to the local market. The partner, together with the provider, will market the solution as a SaaS product, sharing in the recurring subscription income.
Type and Size of Partner
  • SME <=10
  • SME 50 - 249
  • SME 11-49
Type of partnership
  • Commercial agreement
  • Supplier agreement

Dissemination

Technology keywords
  • 01003024 - Cloud Technologies
  • 01003006 - Computer Software
  • 11004 - Technology, Society and Employment
Market keywords
  • 02006006 - Computerised billing and accounting services
  • 09002006 - Other finance, insurance and real estate
Targeted countries
  • All countries