Over the years, investments in IT has facilitated large companies to manage data, files and information better, but that knowledge has not been extended up to a desired level to individuals and small business owners. This issue is being tackled by m9 Tech Solutions with their product ‘Oystor’.“Data today resides in many forms which make it difficult to manage. We see the need for secure point-to-point document transaction and retrievals and want to fill in that gap for businesses and consumers alike”, says Krishna Prasad, founder m9 Tech Solutions. We got in touch with Krishna to know more about Oystor.
Omnipresence: Oystor is a secure online document and information management system that helps busy families and small businesses manage what matters most precious documents like birth certificates, education certificates, health records for the family or finance, legal, customers, employee records for the business. It is one place that is accessible anytime, anywhere from your PC.
Scan: Every organisation or even a family has lots of vital information stored in paper documents. At Oystor, we strive to provide a robust solution that not only encompasses storing and sharing, but digitization services as well. Our partners will help to scan and upload your documents at their retail outlets or for businesses, onsite at your premise.
Share: The Share aspect of Oystor makes transacting with your real estate, doctors, insurance agent or lawyer easy. You can quickly find the documents you need and share it with them.
Store and simple search: Oystor is a safe warehouse where you can put in all your important files and documents with a sense of security. By simply filing your documents into common and intuitive categories and adding tags or details to them, search is pretty easy. Media also has a separate category.
Other features include collaboration, centralized administrative console, enhanced search and total synchronization.
Tell us a bit about yourself, your background and work experience.
A true Bangalorean, graduated in commerce from St.Josephs College having more than a decade’s experience in Sales, Call Center Management, Operations, Business Process Improvement, Training, Logistics and prior to Oystor, was working with Dell as Supply Chain and Logistics Manager for India Consumer and Retail and am a certified PMP and Six Sigma professional.
Where are most of your customers from?
Oystor is already delivering value to a number of professionals and businesses. Oystor has been successfully deployed at law firms, accounting firms, design studios and IT companies.
A good example has been that of Oystor being used as a billing system. Instead of mailing or emailing invoices, they simply upload invoices and other supporting documents onto Oystor and share it with their clients, logistics providers, accountants and employees.
What was the technology used to build the platform?
We use Cloud technology. It’s not so much about following trends as it was about what makes sense. The cloud is a smarter, sensible and more convenient architecture. It gives us flexibility to deliver a solution to a wider spectrum of users, be it enterprise, small and medium businesses or consumer. This technology, coupled with the rising capabilities of smart phones, tablets and laptops, helps ensure that everyone in and out of the office is able to access the most updated information. This is especially so with the way businesses are no longer bounded by the four walls of the office.
There are a few other products with similar offering. How do you differentiate?
It’s important to have documents and data readily accessible to facilitate important events such as University admissions, Property buying or selling, Loan applications, to name a few. These processes touch large corporations like banks as well intermediaries like lawyers, brokers and agents, as well as the end customer.
Along with our technology and service partners, Oystor provides a single platform that allows
- Secure Storage
- Sharing (with access rights), Collaboration, and Workflows
- Business Networking
- And Information Management, all in the cloud.
How does the revenue model work?
Our business model is based on an annual subscription model which is On-demand, meaning the user can select the features, plan and the storage requirement.
How big is your team? Where are you based?
We are close to 20 people, majority of them in the development center located in Chennai, while our marketing team works out of Singapore. We are currently hiring in Bangalore and other metros for business development and are partnering with technology clients and scanning solution providers.
Which cloud platform are you hosted on?
We are hosted in a robust infrastructure provided by Singtel as well as Amazon.
What are your views on the digital world increasingly moving on to the cloud?
Having an infrastructure designed to digitize, store, search, retrieve, reproduce, authenticate, validate and publish the data to facilitate some of the process mentioned above will produce huge efficiencies for both the provider as well as the requester of the data. This data will be managed with all the features of security, privacy, standards-based, back-up as to make it useful and accessible whenever and wherever needed. To move it from its point of origin to any point of need quickly and efficiently—is imperative to support the various demands that will emerge in the future.
Oystor is currently offered Free for individuals to try and give their feedback. Also, there is a referral prize with a chance of winning an iPhone4S. Log on to Oystor.com for further details
Want to make your startup journey smooth? YS Education brings a comprehensive Funding Course, where you also get a chance to pitch your business plan to top investors. Click here to know more.