Envoici gets entrepreneurs up to speed

In a bid to fill the gap of entrepreneurs having to deal with the headache of sorting out their finances alone, a young Barbadian accounting expert and her team have developed a web application solely for that purpose. 

And it’s exceeding expectations for many in filling that gap. Owner of Digital IRC Consultancy Services Ltd. and co-founder of Envoici Accounting Rochelle Walrond described where the forward thinking vision came from. 

“By profession, I am a full-fledged accountant. There were many small businesses reaching out to me to help them, whether they wanted to get a loan from the bank or open a business account. When we started to work with them, they weren’t tracking their finances in the most efficient way,” she said. 

This is where Envoici saw a need to fill the market gap. “A lot of the applications that they were using were limited in one way or the other. They were good at tracking their expenses, but then they were not good at tracking the inventory. So I wanted to develop an application that was all-encompassing that really is geared towards small to medium-sized businesses, but you can do everything in one,” she said. 

This 32-year-old explained that a lot of work went into putting Envoici together, but with the support of her team, which included co-founder Ivan Cox, they have surmounted and surpassed expectations. “With everything, there are ups and downs. We had to determine what we wanted to offer. In finding the team to assist help us build out the application, there were the challenges in ensuring that everything works as expected.” However, she said despite these initial obstacles, Envoici is on its way. 

The team of Envoici, which started with Walrond and Cox, actually includes members regionally and internationally. There are four members in Barbados and five from the international community. 

As for the reception of Envoici, Rochelle says that it has been incredible. “Everyone that has tried out the application and did the trial version are very impressed. Speaking with some accountants, they see the gap that Envoici is filling, and the reception has been good so far,” she said. 

For those entrepreneurs who are considering coming on board with the Envoici platform, Walrond puts it in simple terms: “I would encourage entrepreneurs to use Envoici because it’s very simple. It’s very easy to catch on to. It’s very important as an entrepreneur that you have a good handle on your finances.”

Envoici prides itself on its motto that “Visibility Matters,” and for those entrepreneurs who are ready to take their business to the next level through Envoici, all financial statements will be prepared from the application for the bank and investors. 

Walrond believes she is operating within her purpose. “I have a passion for working with small businesses and individuals as I’ve owned a business from the time I was at the University of the West Indies. Seeing the challenges that I faced back then and being uncertain, I love seeing a business grow and succeed. I feel once the information and application are there for them, they would be happy,” she added. 

There is a great hope that Envoici would be the go-to solid regional application for small businesses and accountants.

 “It would be an all-encompassing space where entrepreneurs can come where you have the team from Envoici to help you do bookkeeping, finances and to manage your payroll – anything with financial analysis, the Envoici Accounting brand would represent,” she added.

 (Pretty Sure Media)