When we started Posixtech Ltd. back in 2012, we did not have any business knowledge neither we came from business families. The business was very alien to us. Though we had more than 5 years of professional software development experience at that time but selling our own products was totally out of the box.
So things were not going well, we were losing our business due to lack of experience in business, not having any targets, a goal on any particular product. We had a very small team only 5 at that time, so having a professional accountant was not our idea. We were working on a lot of XLS sheets for daily business accounting. Later we started to learn accounting day by day and signed up for Quickbook online version. It was Quickbook inspiring us to have our own accounting software. Our software is not competing with Quickbook. We have our own way to do accounting for small and medium businesses.
We focus on those businesses that can’t afford expensive software which does not have any support for local customers. Most of us do not have good knowledge of accounting but still running a business. When you are using accounting software, you expect someone over the phone tells you how to finish a specific task. We think this is where we will be able to help local businesses.
We started our first accounting software Cloud Accounting and released in September 2016. The response was great from our clients. That moment we realized there was a growing market for accounting software in our country.
Posix Accounting is actually version 2 of Cloud Accounting software. We tried to implement new features, were lacking in Cloud Accounting. We believe this software will help our old customers and new customers in their daily business.