Does Managing Personal Finance Confound you? Startup Invest Plus Might Help

Thursday October 18, 2012 , 4 min Read

When it comes to their financial information, people are, in a way, scared of using internet and sharing it to a third party. A simple solution for such an issue is providing offline personal financial management software.

INVEST PLUS is one such software made for those people who want to save time while keeping accounts of their investments and finances in an easy way, it has features like Importing Broker Bills (Contract Notes) and “Bank Statement in minutes” and it supports more than 200 broker bills of different broker houses which makes it simple to keep record of all investments, keeping accounts of each and every thing taking from saving details of assets to Stock, Mutual Funds, F & O ,securities ,loans, Policies, PPF, Fixed deposit etc. , and also the more than 300 different report which it provides helps automatically generate reports on things ranging from Balance-sheets to investments in different sectors thereby assisting you easily manage finances.

Its facility of data-basing gives an individual anonymity which one wants when dealing with such important matter, it also helps you print all the 300+ report that it provides which makes one feel all the more urge for disciplining one’s finances. There is another feature which helps you develop automatic Graphs & Charts which gives you a clear idea regarding how much you are investing in which sectors as well as the performance of your stocks and other investments.

Invest Plus is a Product of Ideas Infosoft Pvt. Ltd. They started the firm in the year 2000, and Invest Plus was launched in April, 2009. “While pursuing my B.Sc. in chemistry, I completed my MCSD [Microsoft certified solution developer] in the year 2000, and then my interest in technologies went deeper and deeper. Somehow, I become passionate about the technology and from nowhere I just started my own software development firm. That was my first test of entrepreneurship during college and then I never looked back,” says Mitul Dadhania, Founder, Invest Plus. Invest Plus has a team of 6 people team that includes Tech., Marketing and Support. They also have more than 50 Channel Partners across The India and 5 channel partners abroad to target NRI customers. They have automated their Sales and Support Processes.

Sharing thoughts on why he chose to build this product, Mitul shares a personal incident that primarily inspired him, “It all started with when on one fine evening I saw my dad using one of the popular business accounting software ,of course the name of it I cannot say, and he challenged me that there was no one who can develop a software which could surpass the sophistication of the one he was using and told me nor could I- his son ,and that hit me , and there’s when it began, it took me about two years ,extensive market research on our new smart and high-tech customers , and a million cups of tea to stay awake and then I came up with the INVEST PLUS , a total portfolio management software which can serve all the financial accounting and portfolio management needs of our customers.”

Talking about the challenges that he’s currently facing, Mitul adds, “Each individual manages their finance differently. Moreover, India’s financial environment is changing very rapidly with inflation and these factors eventually changes customers’ financials needs too. Till now, we have managed customers changing requirements very effectively but we have to be on our toes to do it effectively every day in the business. That’s the challenge!”

More than 8000 families are actively using Invest Plus to manage their personal finance on a year on year basis. The magazine Money Life has rated Invest Plus as one among India’s top 3 financial management softwares.

“Invest Plus is already tapping markets all across India with strategic partners in major cities, We also have plans in the pipeline regarding strategic tie up’s with a strong marketing arm which could give us a bigger platform for market visibility. we always welcome a good deal if it helps us meet our strategic goals, We really want people to feel optimistic in the whole process and we make it sure that that happens, we are strengthening our future implementation strategies by innovating them and we believe the Indian domestic financial software market to be the playing field of not so far a future,” says Mitul.

Invest Plus’s new version is launching within couple of months, they plan to provide cloud based multi-platform options to manage personal financial information on the top of their Desktop based solution.

If you are interested in managing your personal finance effectively, you should check out Invest Plus!

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