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Visit vimeo.com/101557918 for video summary
Tya, home of New School Accounting, will modernize the accounting industry in 2 ways:
• Introduce "GaapApps", a suite of accounting apps meant to pry manual Excel spreadsheets away from corporate accountants
• Ramp-up our New School Accounting consulting practice, and bring collaboration-oriented New School Accountants to replace dry and impersonal number-crunchers
• We're extremely passionate about changing the old school accounting industry, and need financial resources to accelerate this process.
• Funding is not the only reason for partnering with a top-tier VC, we also need guidance and non-monetary support to help influence the market to adopt these radical changes. Changing the stubborn accounting industry will be tough.
• Tya is seeking to raise $1.9m to help us quickly launch GaapApps, and support our operations/growth until we are cash-flow positive in Q4'18.
We surveyed 17 corporate accountants (non-bookkeeping world): • 100% perform over 50% of their accounting work in Excel (as opposed to ERP or other accounting-related software)
• 65% perform over 70% of their work in Excel
• Excel is not only used for calculations by accountants, but also as checklists and forms as well
Proceeds from financing will mainly go to GaapApps, but we're also building a team of New School Accountants to provide accounting services and help spread the New School message. • We're hiring casual and communication-oriented consultants
to replace impersonal number-crunchers
• We want to make a statement in the industry and visibly stand-out as new school, so we will equip our staff with new school technologies (Macs, iPads, etc.)
• New School Accountants will also be experts/promoters of GaapApps, and can provide customization services to software customers
Strong collaboration features (e.g., tagging, task assignments,
approval workflow), and extensive reporting capabilities for
project management and audit-trail purposes
Minimalist, clean design and UI,
because new school accountants
won't like to work in text-heavy,
boxy-table looking pages
Tya is looking to raise $1.9m to help us quickly launch GaapApps, and support our operations/growth until we are cash-flow positive in Q4'18.