IDOS is an accounting and compliance software that aims to simplify complex accounting processes. It transforms transaction processing by preventing errors, enabling real-time supervision and audit capabilities, and ensuring ease of use for all staff regardless of accounting knowledge. Key features include alerts, reconciliations, support for multiple languages, and hosting on Microsoft Azure. IDOS was incubated at Microsoft and aims to add value for businesses through streamlining operations.
1. IDOS
MAKING THE SIMPLE COMPLICATED IS COMMON PLACE; MAKING THE
COMPLICATED SIMPLE, AWESOMELY SIMPLE, THAT’S EXCELLENCE
– THAT’S IDOS FOR YOU!
WE SIMPLIFY ACCOUNTING & COMPLIANCE.
3. There is a perpetual race against
time
• Are you continually challenged with deadlines on accounts closure?
• Are you always running to get a clarification or any document which is
missing?
• Are you able to ensure compliance to internal controls at all
branches?
4. Questions / issues are repetitive
For a variety of reasons:
• The transaction details, narration, supporting
documents are not available.
• Staff commit errors in processing
transactions.
• Internal controls are not followed.
• Work is procrastinated.
• Transactions are not approved.
• Staff commit errors in applying tax.
• Spelling mistakes, input errors lead to
numerous items of duplicate nature in the
chart of account.
• Customer / vendor accounts need to be
reconciled / rectified.
• Instructions given by HO are not followed at
branches.
5. Existing systems / ERP are too complex
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They are expensive to implement and maintain at all branches / departments.
Customization is time consuming and expensive.
Users need to be trained in making use of all necessary features.
Takes significant amount of time to implement.
Majority of the systems are not real-time and difficult to integrate.
Real-time supervision & audit is not feasible.
6. What if?
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You could process transactions seamlessly and accurately without prior knowledge of
accounting or software?
What if the system becomes a real-time supervisor and ensures that all transactions
are processed as per rules that you (HO / CFO / Management) sets up?
What if you could make changes in the rules in real-time, without the help of software
experts?
7. What if?....
• Financial transactions can be
processed from any computer without
the need to install any software?
• You can access financial transactions
for supervision, approval, accounting
and for auditing, from any medium
and at any time and from any where?
• What if the system by itself sends you
an email of daily audit exceptions at
each branch?
• System is intelligent enough to provide you necessary information needed
to take decisions?
• System automatically handles internal controls in real-time and compels all
staff to follow internal controls in a very simple manner?
• System identifies the user and automatically determines what he can do
and what he is not permitted to do?
9. IDOS
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Transformational product with focus on three key aspects:
• Prevention of errors even before they occur.
• Real-time supervision & audit capability.
• Ease of use for end user (who could be someone with no accounting and / or
software knowledge).
Processing any transaction would require the user to select an option under “WHAT
DO YOU WANT TO DO”
Once user selects what he wants to do, IDOS takes over and guides the user on what
to do, how, what supporting documents are needed, what standing instructions
apply to this transaction, what are the monetary and budget limits, etc.
IDOS identifies the branch and applies taxes applicable at that branch and user
need not compute taxes.
10. Key features of IDOS
Alert mechanism:
• IDOS enables head office / auditors / management to set up unique alerts for
statutory and operational aspects such as monthly tax filing, renewal of
registrations, submission of expense claims, submission of MIS reports, etc.
• A week before the due date, IDOS will provide real-time information to CFO /
concerned Managers regarding which branch has completed and which
branch has not completed the task.
Reconciliations:
• IDOS has created a simple and unique workflow which will help reduce (in
many cases eliminate) need for customer / vendor reconciliations.
• IDOS enables you to give online access to your customers and vendors to see
their accounts in your books and provide online confirmation of balance.
Language:
• IDOS has an unique capability to let user view details / instructions in the
language of their choice (40 domestic & international languages are
supported)
11. Supported by Microsoft
• IDOS was incubated at Microsoft ventures accelerator.
• IDOS is hosted on Microsoft Azure Cloud.
12. Do you like what you see?
Contact us for a demo to see how IDOS can add value to your
business operations.
sales@myidos.com
csrikanth@myidos.com
areife@myidos.com
www.myidos.com