Market value of the 20,000 licenses given to the businesses is estimated at Rs 72 crore
Hyderabad: Several initiatives have been launched by Telangana State GlobalLinker in the past to help digitise MSMEs. In line with this intent, the government has now equipped 20,000 MSMEs with next-generation cloud-based accounting and automation software for ease of carrying out functions such as sales, purchase and inventory management. The market value of the licenses is Rs 72 crore.
The software Accloud, by Sapio Analytics (A government Advisory Firm) is available both on the web and mobile and is also language agnostic–English, Telugu and Hindi.
Telangana Industries & Commerce (I&C) and Information Technology (IT) principal secretary Jayesh Ranjan formally launched the initiative, in the presence of stakeholders including Sameer Vakil, co-founder & CEO at GlobalLinker, Amit Pau, COO, Accloud Technologies, and Ashwin Srivastava, CEO, Sapio Analytics.
“The State is sponsoring 20,000 licenses to the business community whose market value is estimated at Rs 72 crore,” said Jayesh Ranjan.
Speaking on the occasion, Sameer Vakil, CEO, GlobalLinker added, “GlobalLinker is committed to make the business growth of SMEs simpler, more profitable and enjoyable. In doing so, early 2019, we partnered with the Telangana State Government to digitise the State SMEs. A key to SME growth is proper management of business functions to increase efficiency. This partnership with Sapio Analytics will help Telangana State GlobalLinker members improve the management of their business, being better informed and compliant at the same time.”
Ashwin Srivastava, CEO, Sapio Analytics, said, “We believe that this will help businesses digitise their operations and find simple ways to be compliant with GST, while not giving too much time away from the core business.”
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