INDIANAPOLIS, Ind. – Aug. 16, 2023 – Okovango ERP, a groundbreaking Indianapolis startup proudly announces the acquisition of a significant $2 million contract with Finite Business Solutions, a prominent accounting firm based in Austin, Texas. This strategic alliance is poised to revolutionize business operations and process optimization.
“We are excited to embark on this transformative journey alongside Finite Business Solutions,” said Seabelo Silitshena, Co-founder and CTO of Okovango ERP. “This substantial contract underscores the value of Okovango ERP’s advanced features, showcasing our dedication to empowering businesses with comprehensive and efficient solutions.”
Ben Ogbebor, CEO of Okovango ERP, added, “This milestone reflects our commitment to driving innovation and excellence in the realm of business management. We are thrilled to join forces with Finite Business Solutions to deliver unparalleled value to our clients. Additionally, this collaboration will contribute to job growth in Indianapolis and further establish the city as a genuine tech startup hub.”
Under the agreement terms, Okovango ERP will furnish Finite Business Solutions and its clients with a comprehensive suite of cutting-edge functionalities, including Accounting, Human Resources Management (HRM), Customer Relationship Management (CRM), Project Management, Point of Sales (POS) and Product and Inventory Management. The goal of this partnership is to elevate the operational efficiency and effectiveness of Finite’s client services.
“This partnership with Okovango ERP signifies a new era of innovation for Finite Business Solutions,” said Trung Pham, CEO of Finite Business Solutions. “We are eager to leverage the state-of-the-art capabilities of Okovango ERP to provide our clients with unparalleled solutions that will fuel their success and growth.”
The contract outlines the delivery of Okovango ERP’s platform to serve over 800 small- to medium-sized Enterprises within Finite’s existing client base, translating to an estimated monthly recurring revenue of $150,000, equivalent to $1.8 million annually. The agreement also allows for expanding services to an additional 300 clients at the same per-client subscription fee, subject to mutual agreement.
Okovango ERP and Finite Business Solutions are dedicated to ensuring a seamless transition by aligning their services with the completion of the Vantaca accounting software system integration to meet Finite’s service standards.
“We are confident that this partnership will create a strong synergy between our organizations, leading to mutual growth and success,” added Silitshena. “Together, we will deliver unmatched value to businesses seeking advanced solutions to meet their operational needs.”
This collaboration underscores Finite Business Solutions’ commitment to supporting and promoting these services for a minimum of five calendar years from the subscription commencement. The agreement also guarantees that subscription renewal fees will not increase by more than 10% annually during this five-year duration, offering clients stability and predictable cost management.
The partnership between Okovango ERP and Finite Business Solutions signifies a potent amalgamation of innovation, expertise and commitment, poised to redefine the landscape of business management solutions.
For more information on Okovango ERP, go to www.okovango.com.
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