Accounts Portal Indialedger.Com Launched

Matrix Infosystems Ltd(MIL), a Calcutta-based software company, launched a portal, Indialedger.com, for maintaining accounts on Wednesday. MIL has also privately placed around 33 per cent of Matrix Infosystems equity with Smifs Venture Capital.

The current equity base of MIL is Rs 3.5 crore.

"Customer can subscribe to Indialedger.com for Rs 400 a month which will enable them to login and maintain their accounts under a specific ID. The entire interface is developed around a browser and is easy to use with the limited bandwidth available for majority of the net users," said Alok Agarwal, managing director, MIL.

"Indialedger.com solution is specifically designed to address the demand of this new generation of small businesses. In fact it will be a great boon for small companies who cannot afford or need a full time accountant," Agarwal said.

MIL has tied up with various chartered accountants and has also set up a branch office in Mumbai and a dealership network in New Delhi, Jamshedpur, Patna and Nepal.

In the next phase Matrix will provide enhanced accounting features like inventory, receivables, invoicing and complete data warehousing systems over the net, Agarwal said.

"We will also upgrade our security to the latest 128-bit system," Agarwal said.

Some of the other software areas in which MIL is currently engaged are, ERP Solutions, standard software development like financial software, export documentation software, payroll software, investment tracking and personal account maintenance software etc.

In the vertical market segment, MIL is focused on hospital management software, foreign exchange dealers software, retail outlet billing software, club management software etc.