Q1 2024

Innovation in Business- Q1 2024 | 8 Best SME Accounting Software Firm 2023 - Colombia Software GBS is a global software house, with a presence in Colombia, Central America, and the southern states of the USA. It provides its customers with the education, technology, and consultation they need to plan and manage their business. According to the DIGITAL TRANSFORMATION IN LATIN AMERICA Report from the United States-based Atlantic Capital Fund, 80% of small businesses and state entities in Latin America still continue to manage their finances with spreadsheet software such as Microsoft Excel, instead of use ERP software in accordance with international financial information management standards (IFRS standards). This is the great challenge that the Latin American region has to compete for the future: make intensive and intelligent use of new information and communications technologies to improve the competitiveness of people, companies, and state entities. That is the purpose of GBS Software, says Pedro Sandoval, co-founder of the firm. Cristina Sandoval Cuadros, Commercial Manager of the firm, says, “In 2024, more than 1,100 municipalities in Colombia will appoint new local government leaders. 95% of government entities belong to the category of small businesses, are located in remote regions of the country, and do not have access to modern technologies to efficiently manage State resources.” Software GBS offers them the means to manage their businesses and the public financial resources that the state provides for the benefit of communities. Appropriate technology and education are essential for the survival of new companies and for transparent management of state resources. That is the purpose of GBS Software: to help entrepreneurs and administrators of Latin American public entities to succeed and contribute to the digital transformation of small government entities. Armando Angarita Arias, Customer Service Manager of the firm, states, “This is the reality that we want to change: contribute to the digital transformation in Colombia and Latin America, facilitating access to technologies such as high-quality ERP Software accessible to everyone. In fact, we have started a DIGITAL TRANSFORMATION PROGRAM with the National Government in Colombia that has been very successful reaching remote regions with our Software GBS technology.” Software GBS’s main product is an accounting and managerial software that has obtained global quality certifications by Microsoft. Software GBS has been acclaimed by the Presidency of Colombia as an innovator of software, and it has been recognised by the Colombian Institute of Sciences (COLCIENCIAS), the IT Ministry of Colombia, and the Chamber of Commerce. When working with companies and integrating their software, it is key that education comes first for the technology house. Software GBS clients receive thorough education in the management of their small businesses Software GBS is a software house that has made it its mission since 2001 to help organise, control, and grow small businesses and small government entities in remote regions of the country, including municipal mayors, schools, public water supply companies, and hospitals in Hispanic America. The firm provides management and technology training, information systems, and consultation to help get new ventures off the ground and become successful. in order to understand the importance of strategy. They are shown how to craft and implement a strategic plan, measure the results, and make more informed decisions based on information gathered by the management system. With this education, clients are able to make full use of Software GBS’s technology solutions. The software gives them the tools they need to keep their business organised, manage information, make critical decisions, and automate daily tasks. Often, the clients do not have access to good internet connections or modern computers, and their budget investing in technology is limited. Software GBS is able to work around this and make their solutions as available as possible, ensuring that it works for each and every client. At all stages of adoption, Software GBS augments its technology with its team acting as consultants. Simply handing over state-of-the-art technology will not help enhance a company’s growth. Software GBS makes sure its clients know how to best implement the technology to grow their business. Software GBS’s mission is comprised of these three pillars: Education, Technology, and Consultancy. It’s a mission it plans to extend to more and more companies. Digital transformation Software GBS has designed a strategy that consists of delivering a technological package that includes accounting software, training, and technical assistance for a period of six months, free of charge, in order to help in the modernization of small businesses and state entities in Colombia. The campaign has reached 250 of the 1,120 municipalities in the country and the goal in three years is to reach 100%, benefiting small businesses and small government entities in remote regions of the country, including municipal mayoralties, schools, public water supply companies, and hospitals. Software GBS’s niche of aiding small businesses and supplying them with the tools and education needed to thrive is admirable and effective. Over its 22 years since inception, it has managed to help many family businesses across Central America who may otherwise have struggled in the economy. Contact: Pedro Sandoval Company: Software GBS Website: www.softwaregbs.co Jan24600 Software GBS: Leading the digital transformation in Colombia

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