eCounting Builds SAAS Application On Wolf Frameworks PaaS

Wolf Frameworks, a cloud computing and Platform-as-a-Service (PaaS) venture, headquartered in Bangalore, today announced that a 15-year-old Chartered Accountancy firm has built a fully customised accounting SAAS product called eCounting 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 as per company claims. The eCounting application is designed to deliver an end-to-end Web-based accounting solution for chartered accountants and businesses that wish to automate their book keeping and financial reporting processes and deliver the advantages of paperless account processing as an on-demand service to their clients.

eCounting Corporate Management Services (CMS) was sending its accountants to the customer’s office to enter accounting data and prepare weekly MIS financial reports in Excel sheets, which were then e-mailed out to the management. They felt a need to provide their customers with an easy to use, secure Web-based system, which can be accessed online for entering, storing all accounting-related transactions of an organisation and generating instant reports and analysis. No accounting software available in the Indian market was available on the Web or as an OnDemand Model.

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eCounting chose Wolf Frameworks PaaS as their OnDemand SaaS Development Platform to develop and deploy their idea & business need as a SaaS application. eCounting provided functional details and was not involved in writing the technical code. Wolf Platform generates code based upon the Business Application Design automatically. WOLF’s team provided a four day hands-on training and guidance program to eCounting business analysts where they shared knowledge and transferred skills rapidly.

“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 customisable Web accounting software, which aligned to the Indian accounting and auditing practices with an OnDemand business model. Being an SME, 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 H S Jagadeesh, founder and CEO, eCounting.

He further 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 are offering eCounting to Chartered Accountants and the accounting community, who can then offer the same as their own SaaS accounting solution 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”.

Sunny Ghosh, CEO, Wolf Frameworks, said, “eCounting will revolutionise the accounting service industry by introducing a browser-based, collaborative accounting approach for all stakeholders i.e. business owners, accountants and chartered accountants and save time and increase efficiency”.