Kenyan SMEs to Benefit from New Web-Based Accounting Services

By Vera Shawiza / March 16, 2017

investors-coast-kenya

Kenyan Small & Medium Enterprises (SMEs) are yet to benefit from web-based accounting services to be offered by a UK accounting software firm, Sage.

The company, which is targeting a total of 1,500 SMEs in the country will be able to allow business owners to remotely work on their invoices and tax returns and also be able to assess how their businesses perform in real time, either at home or in the office.

According to Anton van Heerden, the managing director and executive vice-president of Africa and Middle East of the firm, their vision is to empower entrepreneurs and business owners to spend less time on administration and more time on what they love doing.

Heerden said that Sage software accounting products are simple, secure and low cost way to managing finances using an online system.

Regional director East Africa Nikii Summers said the software’s targets the large number of small firms that have the potential to scale up, but are held back by accounting decisions.

Ms. Summers said the firm plans to launch Sage One payroll product, which has capabilities to process payrolls online by end of March.

“We want to enable small businesses effectively deal with statutory remittances like the National Social Security Fund (NSSF) and the National Health Insurance Fund (NHIF) with ease and free them up to core business of running their firms,” she said.

The cloud-based solution, according to Ms. Summers, integrates with the firm’s entry level Sage One accounting product. She noted that with the new software, companies will be able to conveniently manage everything from sales and purchasing to cash flow and taxes,

Ms. Summers said that the software it offers online invoicing and allows collaboration with the book keeping or accounting team from anywhere adding that lack of financial literacy had dealt a blow to the life of many Kenyan small businesses hampering scaling up.

Related: Five Key Tips When Starting a Business with Limited Capital



About Vera Shawiza

Vera Shawiza is Soko Directory’s in-house journalist. Her zealous nature ensures that sufficient and relevant content is generated for the Soko Directory website and sourcing information from clients is easy as smooth sailing. Vera can be reached at: (020) 528 0222 or Email: [email protected]

View other posts by Vera Shawiza



Other Related Articles








SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2018
  • January 2018 (291)
  • February 2018 (221)
  • March 2018 (279)
  • April 2018 (144)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (206)
  • July 2017 (190)
  • August 2017 (196)
  • September 2017 (186)
  • October 2017 (236)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (167)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (250)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (244)
  • December 2016 (154)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (171)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950