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BAG Networks – A Brunei IT Solutions Company

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Presentation on theme: "BAG Networks – A Brunei IT Solutions Company"— Presentation transcript:

0 Online Accounting Solution

1 BAG Networks – A Brunei IT Solutions Company
Khazanah Satu Sdn Bhd Company wholly owned by the Ministry of Finance ACCENTURE S.P.R.L Company wholly owned by ACCENTURE INC Government Objectives KDYMM Upgrade IT skills in Brunei Provide competition for existing local ICT companies Job creation Extend business operations to Brunei Leverage in Brunei’s standing to grow operations in new countries Accenture Objectives Profitable joint venture International ICT competitiveness

2 Projects - BAG Networks Sdn. Bhd.
Treasury Accounting Financial Information System (TAFIS) - Ministry of Finance (MOF). Government Employee Management System (GEMS) – Jabatan Perkhidmatan Awam (JPA). Monetary, Finance and Currency System – (MOFIC) Autoriti Monetari Brunei Darussalam (AMBD). System for Tax and Revenue Services – (STARS) Ministry of Finance (MOF).

3 His Majesty’s Titah – Working Together To Develop SMEs
“Dalam usaha kita untuk meningkatkan ekonomi, kerjasama dan perkhidmatan adalah dua faktor paling asasi. Ia dilihat sebagai mampu untuk melicinkan perkembangan serta memantapkan peniaga-peniaga kecil dan sederhana atau SME bagi faedah-faedah jangka pendek dan juga jangka panjang. “Oleh itu agensi-agensi kerajaan mestilah juga turut menyediakan laluan untuk pertumbuhan dan perkembangan mereka, supaya ia benar-benar menjadi sektor yang dapat sama-sama berperanan dalam memajukan negara. “Bagi tujuan kecemerlangan ekonomi, maka semua pihak perlu menghargai sumbangan kumpulan SME ini dan bersama-sama turut menangani permasalahan mereka.“ Titah Baginda Kebawah Duli Yang Maha Mulia Paduka Seri Baginda Sultan Haji Hassanal Bolkiah Mu'izzadin Waddaulah ibni Al-Marhum Sultan Haji Omar 'Ali saifuddien Sa'adul Khairi Waddien Sultan dan Yang Di-Pertuan Negara Brunei Darussalam Sempena Hari Keputeraan Baginda ke-61 Di Balai Singgahsana Indera Buana, Istana Nurul Iman Titah Kebawah Duli sempana hari ulang tahun keputeraan Baginda yang ke 61 tahun.

4 How do you keep your accounting records today?
A) Manual Bookkeeping B) Excel Expensive Time Consuming Lack of Support Requires higher level accounting skills. C) Hire accountants D) Off the shelf software

5 Introduction to ikhlas
ikhlas is an affordable and effective Online Accounting Solution. ikhlas provides businesses with powerful features to enable further efficiency with ease in the management of accounts.

6 Vision As a catalyst for change, providing SMEs an affordable solution to help achieve greater levels of standards in accounting and business management practices.

7 Easy to use & Cost Effective
Works on a simple to use user interface, uses common everyday business language. Accessible online, all the user needs is any computer/laptop and an internet connection to access the system. Reduce cost as the client does not have to worry about maintaining the system. All updates to the application is automatically made available to the client without any additional cost. Integrated with excellent financial reports.

8 Why ikhlas? Provides a cost effective platform for financial accounts management. Practical with powerful financial reports features available instantly. Allow SMEs to maximise their potential of their limited resources and still be competitive. Maximise efficiency and cost effectiveness.

9 Business Performance Monitoring
Simple Lingo- Sales, Purchases $140 monthly + support Easy to use Local industry Affordable Laptop/ Computer & Internet Connection P&L, Balance Sheet, Income, Expenditure reports etc. Emphasis on availability Let ikhlas takes care of the problem for you Simple business terms to address accounting terms Easier for Local SMEs to manage their financial accounts. A system that is affordable with minimal cost outlay Accessible anywhere and anytime via computer, laptop or mobile devices Generate financial reports quickly and easily for quarterly report. Accessible Anywhere and Anytime Business Performance Monitoring

10 The system is accessible at:
Website The system is accessible at:

11 Dashboard Overview Customer Database Sales Overview Suppliers

12 Dashboard Purchases Aged Debtors Aged Creditors

13 Reports Activity Report Aged Creditors and Debtors
Note: There are more than 40+ reports available in this system, listed below are examples of just a few. Activity Report Aged Creditors and Debtors Purchase and Sales History Profit and Loss Statement Trial Balance Balance Sheet Audit Trail Health Check Customer List Customer Reports/ Statements Income List Invoice List Overdue Invoice Unpaid Invoice Monthly Summary Supplier List Payable List Overdue List Monthly Summary Supplier Reports/ Statements.

14 Reports – General Reports
Health Check Expenditure Income Reports

15 Reports Profit and Loss Quotation Receipts Balance Sheet
Activity Report

16 Extracted to Microsoft Excel
Integration The system support Import and Export of data files. Extracted to Microsoft Excel

17 Security Data in Transit
Same encryption techniques used by the major banking facilities and online e-commerce transactions Data transferred is encrypted using 1024 bit RSA key. This is currently the industry standard for transactional information on the internet. Data in Storage Active protection for servers and firewalls with 24 hours monitoring for suspicious activity. Physical Security of Data Highly secured data centre that boasts zero-downtime network, keycard protocols and biometric scanning for access and round the clock surveillance with real time backup data centre at a separate location

18 Subscription Price Only $140 per month
Standard Subscription Rate: Only $140 per month Discounted Subscription Rate: First three months $84. Advance three months payment is required upon subscription : $252 only

19 Client Support Services – Inclusive with subscription
Configuration Setup of System Parameters Setup of Chart of Accounts Training System and Application Accounting Principals Support Client Support Unit One of the most important aspect of any computerised accounting system

20 Thank you.

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