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How Accountinghub Made Cloud Based Accounting in Nigeria A Business Reality

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In a study published on cloud computing in Nigeria, 85.5% strongly agreed that easy access to data was a motivator for adopting cloud.

Yet, there was a huge gap between what Nigeria’s Small & Medium businesses needed and what regular accounting firms were offering.

Chioma Ifeanyi-Eze, business owner, the founder ofAccountinghub, identified this gap in the market and chose to partner with Sage One to offer an affordable cloud-based accounting solution for small business.

“The (regular accounting) firms charged hourly rates, they focused on audits and had a very low acceptance of technology or IT tools. They also had no special offerings for small business,” said Ifeanyi-Eze.

To address these market needs, Nigeria’s first online accounting shop, Accountinghub, was born.

“I introduced virtual, retail and tech-accounting in Nigeria. I also shifted the emphasis from auditing to bookkeeping and made sure that the prices are super affordable for small business,” she says adding that the “response has been amazing.”

The Cloud Effect
The launch of Accountinghub has been well received.

In less than a year, Ifeanyi-Eze and her team of four junior bookkeepers have serviced over 40 small businesses nationally.

The success, she believes, is offering cloud-based accounting. “Cloud accounting is our major selling point and integral to our business growth strategy,” she says, adding that as a Sage One advisor, their first option is to strongly recommend Sage One to her clients.

“The benefits of cloud solutions are huge for us in terms of scaling our business nationally, supporting our clients virtually, with no loss of data, no installations and no backup efforts,” she said

Choosing The Right Partner
When formulating her business plan, Ifeanyi-Eze focused on two objectives. She wanted affordability as well as an accurate accounting solution.

Ifeanyi-Eze said that she decided on Sage One because it offers the most competitive cost structures, has a presence in Nigeria, it is “super easy to learn and use”, is a popular and respected brand name in the region, and has a single price structure for all of the offerings.

The benefits have exceeded her expectations.

While cost was the main factor for her choice, Ifeanyi-Eze says that she has noticed improved customer relationships via what she refers to as, “the amazing Customer Zone”.

It’s also about educating clients. “As Sage One Advisers, we teach our clients the basics of invoicing and receipting while we handle the other more complicated entries into the system. We visit all clients once a week.”

“In a time of seismic technological change and digital invention, our smart people use the smartest technology to reinvent and simplify business accounting. We enable our customers to focus on their business and help them to leapfrog to the future. Like many of the businesses we serve, we started small and have grown beyond what seemed imaginable,” said Steven Cohen, head of Sage One International (Africa, Australia, Middle East and Asia). “We take real pride in how customers such as Chioma Ifeanyi-Eze are flourishing and that what we as a business are able to offer her.”

The full Sage product portfolio will be on show at Sage Summit, the world’s largest gathering of entrepreneurs and leaders of Small & Medium Businesses, taking place in Chicago, IL, on July 25-28.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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NITDA, NIMC Partner for Seamless Data Exchange Capabilities

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National Information Technology Development Agency (NITDA) and the National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance synergy between digital identity, payment ecosystems and secure seamless data exchange capabilities for Nigeria.

NITDA, NIMC Partner for Seamless Data Exchange Capabilities

l-r: Kashifu Inuwa, Director General of NITDA, and Bisoye Coker-Odusote,  Director General of NIMC, during the meeting at the NIMC headquarters in Abuja..

NITDA, which made the announcement on its X handle, said that the collaboration was to further strengthen Nigeria’s digital economy in line with President Bola Tinubu’s Renewed Hope Agenda,

During the meeting, Kashifu Inuwa, director general of NITDA, and Bisoye Coker-Odusote, director general of NIMC, with some management staff of both organisations, discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of public-key infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up.

This committee will play a crucial role in kickstarting and harmonising the initiatives and is expected to deliver a comprehensive implementation report within the next 4 weeks.

 

 


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Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

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Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in the country.

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Ajuonu made the call at a media roundtable, organised by Sydani Group in Abuja.

The News Agency of Nigeria (NAN) reports that the roundtable focuses on driving sustainability through a comprehensive analysis of Nigeria’s key development areas.

Ajuonu said that Nigeria could overcome its security challenges and pave the way for a safer, more secure future for all Nigerians by embracing technology and implementing practical solutions,

“We need to harmonise data, prioritise seamless integration of databases like NIN, BVN, and security agency records, establish clear protocols for data sharing and access, with robust safeguards against misuse,’’ expert said.

According to him, the unified data pool will empower intelligence gathering and targeted operations.

He also called for investments in smart surveillance, intelligent video analytics software, training of personnel in data analysis, interpretation of data in real-time to combat crimes.

“There is need to implement a legal framework for call interception in criminal investigations, with strict oversight to prevent abuse, encourage community cohesion, training of tech savvy security personnel with tech-enabled tools.’’

Ajuonu also urged the government to address infrastructure deficit in technology, saying that technology was all encompassing to address insecurity.

“According to the National Identity Management Commission (NIMC), as of December 2023, only 104.2 million Nigerians had been enrolled for the National Identity Number (NIN).’’

Ajuonu added that over 122.2 million citizens left uncaptured for NIN were people in rural areas where enrolment centres, digital services were limited.

“Most crimes are being perpetuated from rural communities and this lack of comprehensive identification creates a gap where elements not captured in the national database can constitute public nuisance, crimes.

“There is the inadequacy in the integration of NIN, BVN and Voters Identification Number (VIN).

“Advanced call interception and analysis tools, used successfully in other countries, could provide invaluable insights into criminal networks and operations but infrastructure is lacking,’’ he said.

Also, Mr Godfrey Petgrave, the Agricultural Expert, Sydani Group, called for empowerment of smallholder farmers with access to finance and training to enhance productivity.

According to Petgrave, Nigeria requires policy reform and institutional strengthening to improve agricultural practices and embrace digital agriculture solutions to address food insecurity.

Mr Akolade Jimoh, another expert of the group on health, advocated for expanded community-based health insurance programmes for rural and underserved areas.

Jimoh added that the country needed to encourage Public Private Partnership to revolutionise products design and quality improvement on health services.


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Konga launches Infinix Brand Week with Incredible Deals

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Konga, Nigeria’s leading composite e-commerce group, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers on select smartphones, marking an exciting milestone in the realm of online shopping.

Shoppers can expect nothing short of extraordinary deals on a wide range of Infinix products, all available exclusively on the Konga online platform. With discounts of up to 30% off, this partnership between Konga and Infinix aims to redefine the shopping experience for tech enthusiasts across Nigeria.

Konga Brand Week has become synonymous with excitement and unbeatable deals, and this year’s edition is no exception. In addition to exclusive discounts on Infinix smartphones, shoppers can explore a diverse array of products across various categories, including electronics, fashion, home essentials, and more.

“At Konga, we are dedicated to providing our customers with the best shopping experience possible,” said Rita Ohaedoghasi, VP Marketing at Konga. “The Infinix Week during Konga Brand Week allows us to continue delivering on that promise by offering incredible discounts and special offers on some of the most sought-after smartphones in the market.”

To stay updated on the latest developments and exclusive deals during Konga Brand Week, shoppers are encouraged to connect with Konga across all platforms, including social media and the Konga website. Don’t miss out on this opportunity to score big savings and elevate your tech game with Infinix and Konga.


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