About

CloudT is a cloud Accounting Department Management software service (SaaS), Offering Affordable Specialised Business Intelligence and Management Accounting Insights to SMEs through their personal Accountant. CloudT is a simple to use, cloud Accounting Department Management software service (SaaS) management software, accessible from anywhere with easy and minimal upfront setup, that includes automation modules when possible eliminating data entry.

Solution & Product

CloudT is a simple to use, cloud Accounting Department Management software service (SaaS) management software, accessible from anywhere with easy and minimal upfront setup, that includes automation modules when possible eliminating data entry.

Innovation & Scalability

This project is going to research the creation and implementation of Artificial Intelligence techniques and Big Data modelling in the Accounting and Finance sector. In particular, there will be created a commercial solution under the name AICAP, as an innovative cloud Accounting Department Management software service (SaaS), Offering Affordable Specialised Business Intelligence and Management Accounting Insights to SMEs through their personal Accountant. Decision-making is an important part of business strategy for companies. Business Intelligence (BI), Competitive Intelligence (CI) and Knowledge Management (KM) complete the required information for successful decision- making. BI is internally focused, exploiting information produced by a company itself, while CI is external-focused, as information regarding the present and future behaviour of competitors, suppliers, customers, technologies, acquisitions, markets and general business environment is evaluated. BI and CI usually require a huge amount of data and lots of expertise to lead to successful decision-making. Access to data related to a company’s external competitive elements and the use of experienced consultants that could give an insight into the company’s strengths and weaknesses related to internal and external factors affecting it, maybe an expense for Small and medium-sized enterprises (SMEs) difficult to handle.

Traction & achievements

Until now the team was working on the beta version and feedback collection and evaluation in order to launch a new version, MVP beginning 2021. Beta version 2020 Freemium Number of users – 100 Target: Greek Market MVP Jan 2021 Freemium – restricted features Number of users Target: Greek Market Jun 2021 Improved features new release Jan 2023 Product on market v 0.9.0 1 month free trial Number of B2B clients 60 Number of B2C clients 50 Number of users 1520 Currently operating only in Greek market

Team & Why Us

Founding Team Kostas Tsoukakis is a tax consultant for more than 10 years. He runs his own accounting firm for more than 10 years and through his professional environment diagnosed the need for a cloud based software like CloudT. He holds a BA in Economics from University of Portsmouth and a BA from University of Crete. Lefteris Bibakis has extensive experience in business development, international business and fundraising with a professional career in London based consulting and investment banking firms. He holds a masters degree in finance from LSE and enjoys to make challenging things happen. The technological sector and the innovations around it have been always appealing to him as in his personal view and experience that’s the only way forward. Vaggelis Papadakis is a full stack web developer and entrepreneur for fifteen years with proven track record of delivering stable, fault tolerant code for concurrent projects on schedule.

Funding Needs

500K euro to cover personnel, equipment and marketing cost