• Oyindamola Deyi-Daniel

Chimso: Full-featured Business Management Solution for Startups



There are usually so many moving parts in a startup that it can quickly get overwhelming for you and your team.


That's because you need to keep track of financial expenses, user data, growth data, and so many more data.


Seeing how important it is to be data-driven in order to make the best decisions, you do not want to lose any records or miss out on detail.


It's likely that you are using several applications to keep everything organized and to ensure that nothing is lost.


However, switching from one app to another pulls your productivity back, increases the possibility of losing data, and makes it hard for you to draw insight.


With Chimso, you won't have to struggle with all of these as you'll be able to record all business transactions in one system.


See what they have shared with us about their features, driving force, and goal for startups.


1. Tell us more about Chimso?


Chimso is a full-featured business management solution that helps businesses to record all their business transactions in a single system.


With Chimso, businesses can make informed, fact-based, timely decisions to remain ahead in the competition.


2. As a full-featured business management solution that helps businesses to record all their business transactions in a single system, what's your driving force?


Small businesses continue to struggle to keep things organized.


They often use a mix of applications and tools such as spreadsheets, accounting software, web-based CRMs to manage their day-to-day record keeping.


As a consequence, they have to access different systems to understand customers' master data, sales, cash flows, or profitability.


The information exists in different silos. It becomes hard to combine the data in order to get useful insights or alerts.


This leads to SMEs being reactive instead of being proactive in their day to day operations. With such a constrained way of working, there's limited scope for growth.


Chimso addresses these fundamental problems that SMEs struggle with when managing their resources.


3. What are the key features of Chimso that startups need to use to manage their cash flow?


Chimso currently has a full-fledged multi-currency accounting system with modules for Sales Invoice, Purchase Invoice, Journal Entry, Payment Entry, Accounts Receivable, General Ledger and Trial Balance.


4. How can startups leverage Chimso's product (Korita) for growth?


Korita gives businesses monthly financial statements and expense overviews to keep you in control of your money.


At-a-glance visual reports help you see the big picture and give you actionable insights to help you grow your business. You’ll never be in the dark again.


4. What is Chimso's future goal?


We are building a one-stop-shop for businesses. From Bookkeeping to Business Banking to Company Registration, startups and growing businesses will have access to all the tools they need to run a successful business.


5. What will you say has been Chimso's most considerable success so far?


We successfully migrated a customer with over 1,000,000 records from Sage to Chimso without a glitch.


6. What advice do you have for startups on bookkeeping?


Record transactions as they occur, otherwise you're opening yourself up to room for error and will have to dedicate a lot of time to catch up.


Manage your Transactions with Chimso Through The Spark


We have partnered with Chimso so startups in our community can record data, get valuable insights and make the best decisions to aid growth.


Chimso is offering founders in our community access to one month of free bookkeeping


Join The Spark Circle, our community of founders and get a one-month-all-access pass to our asynchronous accelerator so you can claim this perk.


It's currently free to join