Ffene Business Platform

Ffene Business Platform

Kampala, UgandaKampala, Uganda
Organization type: 
for profit
Project Stage:
Start-Up
Budget: 
$10,000 - $50,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

Ffene is a business platform on which SMEs can carry out various business processes cheaply. It is designed for SMEs that want to harness the power of ICT but cant afford the price options currently on the market

About Project

Problem: What problem is this project trying to address?

Businesses in Uganda (and africa in general) have largely been left behind in IT use. Due to this, they experience unnecessary loses due to inefficiency. The overwhelming majority use manual (pen and paper) methods to facilitate business processes including accounting and customer relationship management. This is obviously quite inefficient. Quite a few businesses have, however, realised that in order to survive the information age, they must adopt ICT solutions. There are quite a few barriers to actually doing this, particularly for african businesses. Popular solutions in more developed countries, such as quickbooks and sage pastel are too expensive and not conducive for the average african business' workflow. In addition, support for these packages is not readily available .

Solution: What is the proposed solution? Please be specific!

Ffene is a low cost platform on which SMEs can carry out various business processes including CRM, product/inventory management, accounting and internal communication. Businesses also get a web page inorder to provide them with an online presence. This is provided via a mobile accessible web-application and thus users do not experience any geographical constraints as they access their data. It is provided on a low cost subscription model, costing $10 a month for full access. Our philosophy is to provide an intuitive solution that only requires the entry of raw data. Thus far we have achieved our goal, providing all necessary calculations automatically, including generation of income statements.
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

Ffene is currently being used by a legal consultation firm in uganda. Prior to ffene, they recorded all their records in books. This meant that in order to find out how much a customer owed them, they had to retrieve all their books and tally all the transactions related to that customer. This was a resource heavy task that sometimes took up to two days. Currently with ffene, this task takes a few seconds and can be done anyway. They are also tracking their cashflow now and are able to make sure that they are always in healthy financial stunding.
Sustainability

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

There are a few up coming players in this space. The notable ones include uhasibu, easypay and cleanbill. While they are good solutions, none of them provides a full package like ffene. Those that provide various services, provide them separately meaning one has to log into multiple systems. ffene provides all these services from one data source making management that much easier. Our biggest challenge will be getting the customers to differentiate between what we and our competition offer, as these are quite new concepts in the african market.
Team

Founding Story

As a son to medical entrepreneurs, I was able to see first hand how lack of proper ICT solutions was hurting the growth of african companies. Access to relevant software was reserved for those who had the necessary contacts, and deep enough pockets. It therefore was not such a big leap of faith to develop this solution, as the need for it was one I had seen all my life. As a computer science major at Virginia tech, I was able to acquire the skills necessary to create such a tool. The rest, as they say, is history
About You
Organization:
ffene
About You
First Name

Titus

Last Name

Mawano

About Your Organization
Organization Name

ffene

Organization Country

, KMP, Kampala

Country where this project is creating social impact

, KMP, Kampala

Age of Innovator

18-34

Gender of Innovator

Male

How long has your organization been operating?

Less than a year

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Innovation
How long have you been in operation?

Operating for less than a year

Social Impact
What solution(s) does your initiative address to help emerging entrepreneurs and small businesses grow and thrive in underserved communities? (select all applicable)

Access to technology, Access to economic opportunity.

What has been the impact of your solution to date?

The solution has not been made available to the general public yet, as it is currently being tested for market readiness. However, we have been working with quite a few businesses and thus far the impace has been quite profound. On average we have been able to save businesses 10hours per week, a metric we hope to grow as we learn more .

What is your projected impact over the next 1-3 years?

We hope to have a presence across east africa, not just facilitating business management, but also cross border trade. This is a key area as East africa looks to form a political federation.

What barriers might hinder the success of your project? How do you plan to overcome them?

Problematic internet access is a major huddle we face. We plan to combat this by developing an offline client that can be used an synchronised online when a steady internet access is acquired. Lack of knowledge on the benefits of utilising ICT is also a challenge. We shall be providing informative materials (articles, videos etc) on a regular basis, geared towards educating business owners on various business concepts and how they can be better facilitated by the use of ICT.

Winning entries present a strong plan for how they will achieve and track growth. Identify your six-month milestone for growing your impact

To have made a substantial impact on the SME scene in uganda and establish ourselves as the go to name in business software

Identify three major tasks you will have to complete to reach your six-month milestone
Task 1

Achieve a minimum of 1000 businesses registered on our platform

Task 2

Provide our educational materials to atleast 10000 people each month

Task 3

Acquisition of atleast 5 full time employees

Now think bigger! Identify your 12-month impact milestone

To have established ourselves on the east african level, facilitating cross border trade

Identify three major tasks you will have to complete to reach your 12-month milestone
Task 1

Achieve a minimum of 10000 businesses registered on our platform

Task 2

Introduction of a ffene app store with industry specific applications to cater to specialized businesses e.g dental clinics

Task 3

Opening of offices in either Kenya or Rwanda

Sustainability
Tell us about your partnerships

We are partnering with pesapal to enable mobile payments on the platform. We eventually hope to enable our receive money from their customers by mobile money, easily and seamlessly. We are also working with enterprise Uganda to access SMEs and educate them on the need to adopt ICT in their workflows.

Please elaborate on any needs or offers you have mentioned above and/or suggest categories of support that aren't specified within the list
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