How This Fintech Startup Naapbooks Is Empowering Small Businesses To Go Digital

• ByStartupStory     |    August 23, 2021

Founded in 2017, Ahmedabad-headquartered fintech startup Naapbooks believes in utilizing innovative technologies to digitalize enterprise business across a large pool of industries. Digitization has been underway in India for a long time now. However, it got a boost with the launch of Jio in 2016 . In an intresting interview with Startup Story, Abhishek jain  said, The digital disruption significantly accelerated over the last one and a half years due to the COVID-19 pandemic. The pandemic helped us realise the dire need of moving businesses online. Moreover, automation of businesses can be difficult, especially for small and medium enterprises due to lack of capital.  Ahmedabad-based Fintech Startup Naapbooks, which stands for Next Generation Automated Activity Planner specifically for SMEs. Founded in 2017 by Abhishek Jain, Ashish Jain, Yaman Saluja. The startup is aimed at harnessing computing technology to strengthen enterprise and optimize their operations. It provides customized Enterprise Resource Planning (ERP) that encompasses accounting, procurement, project management, risk management and compliance, and supply chain management to its customers, thus giving the opportunity to streamline and improve the business operations.

Speaking with Startup Story, Abhishek said that the startup was initially started with a goal of automation of accounting and other processes of Business organizations that can cater the needs of the Indian Market. “Over the period of time we have developed many applications for automation of Small and Medium scale business. As these businesses don’t have that much of capital to invest into the core processes and in automating those processes. So, our target was to digitize those companies.”

He realized that these SMEs have certain issues with the ERP as they aren’t able to implement the big ERP, neither they are satisfied with their current ERPs. So, they need some solutions as well as customization with the Enterprise Resource Planning so that it can be easily fitted into their current system also. “So, first we assist them in digitalization of those particular processes. And once the processes are digitized then we help the companies in other processes depending upon the needs of the company.” He further added that the startup follows a step-by-step approach for the organization to completely digitize their internal and external processes. Today, the startup claims to have helped over 500+ clients, acquired more than 100 projects, and expanded its presence in 5+ states. Naapbooks assures to deliver the best-in-class software solutions with elite teams of software developers and managers. Moreover, Naapbooks is a CMMI Level 3 company and certified with ISO 9001.

Mission & Vision

“The startup mission is to create and nurture path breaking innovations that are accessible and effective. Vision is to empower at least 30 lakh SMEs within our lifespan, said Abhishek.”

Services Offered By Naapbooks

Fintech App

The company works in collaboration with well qualified and accomplished professionals in the field of Finance; by combining IT and Finance Expertise. The startup has successfully developed Fintech applications that help in improving Finance related business operations of the clients.

Cloud Consulting

In today’s digital arena, cloud computing has become a norm for businesses to handle all their technical workload (programs, applications, etc.). It has taken the technological world by storm owing to its ability to reduce costs, increase speed, increase productivity, and efficiency. Naapbooks help create an effective cloud adoption strategy for organisations that aligns with their business goals while meeting the compliance standards.

Blockchain App

Blockchain Technology has become the future of the Tech world. Thus, the company is striving towards leveraging this technology to apply it in real world situations where a secured list of transactions is required for transactions, documents or any other sensitive information.

Mobile App

Nowadays, smartphone-based apps are significantly imperative for a business to succeed. Therefore, the company assures to customize a tailor-made app for their clients, that would be easy to use for the customers.

Embedded (IOT) App                                                                                          

Through Embedded (IOT) App, Naapbooks gather data from physical objects and actions in order to optimize them for maximum process efficiency in our daily lives.

Web App

Another service provided by Naapbooks is Web Development. It claims to create a good web application that is easy to use, loads rapidly, updates regularly, has a captivating user interface and a lucid user experience. Products provided by Naapbooks are VizMan (Visitor & Delivery Management Application), Ezeo (Supply Chain Management with Multi Business Module), eVoting (Secure e-Voting System for Corporates), eAuction (Online Auction Platform for Banks & NBFCs), iPing (Secured Internal Chat & Video Communication), ACT (Activity Tracking & Collaboration with File Sharing).

Team Behind The Success Of Naapbooks

When asked about the team of Naapbooks, Abhishek told Startup Story that Naapbooks has a very dynamic and dedicated team of more than 50+ number of team members having expertise in different technologies. Ashish Jain, CEO, Co-founder, has an experience of more than 12 years in the field of Technology. He oversees the Development and Operations of the company. Ashish is also the core problem solver and coder for Naapbooks. Abhishek Jain, Co-founder, is Chartered Accountant, Block chain Consultant, Business Process Consultant and Cyber Security Coach. Having 9 years of experience, he brings the logic and processes of accountancy into the system. Another Co-founder, Yaman Saluja, has 6 years of experience in the field of Marketing and Advertising. He helps in the marketing and sales strategies of the company. Swati Singh is the Chief Experience Officer, having more than 8 years of experience with IT companies. Her strategies for growth industries have benefited many SMEs in creating a great and harmonious workplace culture. 

Customer Experience

The feedback for Naapbooks has been great until now. “We have 80% of clients recurring. We are getting recurring revenue from these clients and we also have a healthy relationship with them. Over the period of time, we’re also trying to enhance customer experience through our customized solutions to them,” said Abhishek.

Future Plans And Funding

The startup is looking to expand its capabilities in SMEs and retail space. Moreover, Naapbooks is planning to add their capacities on a few of the Social Projects by the Government.

Currently, Naapbooks is a fully bootstrapped company. Abhishek told Startup Story that recently only they have filed their paper for a Startup IPO with BSE startup exchange.

Advice To Future Entrepreneurs 

“One should look for the problems, find the gaps and fill those gaps with the solutions. The need is to have a smaller solution and that can be combined into a bigger value for money.” Abhishek Jain, Co-founder of Naapbooks

Follow Startup Story