Before jumping to why Kudibooks, allow me to first of all give a brief highlight of what Kudibooks is and background story for its establishment.          

Until late 2018, Kudibooks remained unknown to the world, while the only place of its existence was in the cofounders' mind (  Mariam M.MUGANGA and  Christian IKUZWE ).  In the year 2021,October , Kudibooks made its light, co-founders felt an inevitable desire to come up with a finance and accounting platform for non finance and accounting professionals in the Business world.         

KUDIBOOKS fused its knowledge, experience, and a love for solving problems using technology to establish a financial technology company in Rwanda, targeting Micro, Small and Medium Businesses(MSMEs) across Sub Saharan Africa. Boom!! In December 2022, a web app of kudibooks was launched as a Minimum Viable Product. By the way you can access this web app via  www.kudibooks.com           

Now, let’s get back to why Kudibooks exists and what value proposition Kudibooks offers.          

When it comes to micro, small and medium businesses what problems do you think they critically face in the lenses of finance and accounting?         

Here is a snapshot highlight of what seemingly are the major problems:         

• Little or no book keeping         
• Running a business without awareness of Profit and Loss in a particular period of time         
• Company' Stock or Asset Management challenges         
• Invoice Payments Tracking challenges          
• And many others         

To sum it up all, such challenges fundamentally arise from the limited funds to hire professionals in both fields of finance and accounting. This might be one of the root causes of such challenges mentioned above.         

So what does Kudibooks offer to micro, small and medium businesses across sub saharan africa?         

KUDIBOOKS being a finance and an accounting platform presently solves the mentioned challenges faced by micro, small and medium businesses by:         

• Recording all items both income and expenses among many others         
• Auto Calculation of Profit and Loss thus providing real time Profit and Loss statements         
• Dashboard for current stock and assets for the business         
• Issuing of invoices and acceptance of payments through KudiBooks.         

Literally, in other words if you would simplify what Kudibooks is in a layer’s man language, Kudibooks is the virtual finance admin and accountant for micro, small and medium businesses.         

Realistically, when at the stage of micro, small or medium business, hiring such finance and accounting professionals would minimize the growth and profits businesses incur since by market standards such professionals require a payment/financial remuneration that very few businesses can comfortably afford.         

Imagine a world where every business has its proper book keeping in order and is able to transact (receive and send money) 24/7 with a multitude of features with a generic concept that Kudibooks is a business virtual finance and virtual accountant for the business that uses it spending only from less than $5 and $30. Think about that for a moment!!! Mind blowing!! Right?         

As a micro, small and medium business owner/manager, Kudibooks exists to not make you feel pressured to not have hired professional finance and accounting personnel.         

What if as a business you can afford such professionals and already have hired them? Well, that is monumental progress of your business. Such professional finance and accounting staff for your business undoubtedly use other accounting platforms to do their duties well? Right? How much do businesses pay as annual license fees to use them? Money might not be a worry for a well established business. But do other accounting platforms developed elsewhere from other continents tailored to local African businesses? Certainly not.          

Kudibooks from basic principles is platforms developed and tailored made to solve African micro, small and medium businesses face in the lenses of finance and accounting and is unimaginably affordable. On another note, using Kudibooks requires no prior knowledge, skills and expertise in finance and accounting. Is n’t this amazing?         

How do I use kudibooks? Sign up via  www.kudibooks.com and get granted a first 30 days free trial!!         

                                                                                                                                             -END-         

Written by  Pacifique Ubukombe