Grandma is projects' finance data management software that helps midsize service based companies to take care of projects finances.
Studies show that 80% of companies still use Excel Magic to manage their finances.
Companies use excel since the day they are established – they usually create dozens of spreadsheets developing their own, tailor-made finance management “ecosystem”.
But everyone knows what it actually means – Excel is time consuming, it causes mistakes and provides unrealable financial statuses. And in most of the cases – it leads to financial losses at the end of the day.
Although times are changing and companies are now using more and more different tools for different business processes, finances are still being managed in Excel.
Grandma is here to change it. Grandma will take companies to the next level.
It will not only make finance management more structured and more trustable, but it will as well put finances online – connecting it to other tools used for business process managemenet.
It will be a inteligent, easy to use and fast to implement alternative to Excel for projects finance management.
Our business model – monthly user based subscription starting from 20eur per user.
Our market – around 600k medium size service based companies in EU.
Our goal – to get at least 10% of the market that would generate us 108M EUR annual revenue.
How far are we: we have a great team, we have an incredibily powerful MVP and 7 paying customers that generate us 4000EUR monthly revenue. We have just recently made partnership with one of the biggest accounting softwares in Latvia in order to help us with local sales (local sales are needed to make validate the market before raising additional funding that will be used for scaling, new UX etc).
#StartinLatvia amongst 500 Startups, actively applying for Latvian accelerator and more.
This whole startup thing is like navigating through a city for the first time. You may pay for a great Tom Tom navigation or use Waze to see the possible roadblocks. Or you can take the old school way - take the map, compass, pencil and go the hard way. Which way to go and how to choo...
Biedrības ‘Latvijas Biznesa Eņģeļu Tīkls’ jūlija investīciju sesijā lielāko investoru interesi piesaistīja projekts 'Grandma' - tiešsaistes platforma projektu vadītājiem projektu tāmju, rēķinu un atskaišu pārvaldīšanai.