One of the biggest headaches which plague the small business world, apart from the taxation system, is the appropriate management of its resources. Employee Management becomes a challenge for small companies, and add to that rules like Minimum Wages Act which require every SME to maintain an Attendance Register. Hence there has been a number of companies since the past few years, trying to provide attendance management systems to various companies. Another venture is now added to this list, but this time, with a difference!
Incept (C/o Solus Software & Systems Pvt Ltd) is a venture which has ensured creation, designing and pricing of its products, entirely based on the needs of Indian SMEs. The fingerprint attendance management system and software by Incept is focused on helping SMEs grow and prosper.
It also works through a business model which is strange, considering there are thousands of resellers of electronic systems across India. Incept creates, sells and services its products; and remains directly involved with its end users throughout the product life. In the process, it involves Service Partners, who act as on-ground installer and support for Incept customers. These service partners can be existing system installers with an entrepreneurial bend of mind, people who know that being different is the key to generation of huge revenue.
C.K. Prahlad talked about bottom of the pyramid, and emphasized on its importance. In the business world, SMEs form the bottom, but they are the real shaping agents of Indian economy. Thus, it has become important for companies to come up with products, especially for SMEs. And Incept is one such venture which innovates keeping in mind only the SMEs, It also hopes to create a new wave of entrepreneurship through its business model of Service Partner.
The concept of Incept looks promising and has received significant praise from different industry stalwarts. Its time for the customers to decide now. Some of them have showered praises while a few others look just satisfied with the products, as mentioned on Incept’s website which is completely transparent, and also welcomes negative feedback from its users.
Trust and transparency are the pillars on which this venture claims to stand on. Time will tell how strong these pillars are!