26 February 2013

Uganda: Twenty-Third Century System App to Boost SMEs

Kampala — A new IT solution for small and medium enterprises has been lauded by Uganda's senior ICT minister, Ruhakana Rugunda, as the new gateway for business growth because it's in line with the latest global trade trends.

Cumulus, a new IT solution, from Twenty Third Century Systems (TTCS) provides SMEs with a single business management solution to manage critical business processes in a cloud computing based offering.

Twenty Third Century Systems cumulus service is a gold partner powered by the market-leading software application from Germany based SAP AG, the world's leading business solutions provider. In 2011 TTCS launched into Uganda's market bringing with them new technology including cloud computing.

Rugunda said in today's fast paced world digital world and economic belt tightening, the right business management tools are major contributors to the success of business.

"The product am launching today will enable Uganda SMEs to use world class business management solutions that they can now access for the first time in Uganda on a pay as you go basis." Rugunda noted. The minister further added that the system will enable business owners to make informed and timely decision based on real time information.

Small and medium sized organizations can access world-class technology at affordable prices, paying with operating expenditure (OPEX) as opposed to Capital expenditure (CAPEX). Cost optimisation and shifts in spending from traditional computing models to modern cloud based computing has continued to grow and evolve within the enterprise application markets world over.

This is occurring as tighter capital budgets demand alternatives with businesses and organizations looking for ways to shift from upfront capital expenditure to operating expenditure (pay as you go) and because of this, Twenty Third Century Systems and its partners have invested in offering Software as a Service (SaaS), Infrastructure as a Service (IaaS) and IT asset management as a service.

The chief executive officer Twenty Third Century Systems Africa, Mr. Ellman Chanakira speaking at the launch of Cumulus in Kampala called on SMEs to focus on growing their business and investment s. "If we empower SMEs and become innovative, bring new technologies we will make a huge difference." Chanakira said. He advised that there is need to convert these small businesses from an informal setting to a formal one by bringing professionalism in the way they transact.

The Twenty Third Century Systems chief executive officer Uganda Stuart Mugabe explained that Cumulus will help business owners in tax and revenue management.

The system will also up business intelligence, financials, customer relationship management, procurement, sales and distribution, treasury, banking, human resources and others. "We offer a complete solution including training our clients on how to use the application." Mugabe said.

Small businesses will benefit by streamlining operations and increase business insight with a complete, integrated, on-demand solution.

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