Veeqo

Idea

Introduction

Veeqo is a cloud-based app for retail (online and offline) small businesses which would allow them to manage their orders and inventory across all their channels.

Businesses now sell through ecommerce websites, Facebook, retail stores, eBay and Amazon and we want to make that process easier and more efficient.

We would bring enterprise-level features like Click & Collect to small businesses, enabling them to streamline their multi-channel approach.

Initally we plan the beta launch to sync with Shopify.com and we would then start work on Amazon, eBay and Xero.com integration.

Intended impact

Whilst we think managing orders in each of their sales channels systems is very hard for a retailer, we aim to bring all their orders into Veeqo to manage.

We would make managing these orders much easier with courier integration to print shipping labels automatically, so no copy and pasting addresses anymore, with tracking numbers updating the original sales channel.

Advanced order workflow management, grouping orders by status/warehouse/sales channel and more.

We think syncing inventory across all those sales channels is even harder and often ends in over sellings. Veeqo would manage this for you, syncing your inventory in real time to all your sales channels.

The system would manage cost of inventory very carefully, thus allowing business to see their true margin by product/group and, most usefully, by sales channel.

Substantial accomplishments to date

We believe that development on our solution is well advanced, with our two two major modules - Inventory and Orders - 90% and 70% complete respectively.

The system currently syncs inventory and orders with Shopify.com. and allows the creation of manual orders. The inventory system is fully working so you can create purchase orders, move stock between warehouses, add/edit products.

We have a number of good leads from businesses that would like to get involved in the beta when it's ready.

Monetisation strategy

We would operate as a SaaS, with a monthly fee for customers depending on their size. See our pricing model here: http://www.veeqo.com/pricing.

We don't plan to charge setup costs for customers and would offer a 30 day free trial.

Use of proceeds

The money would pay for two Ruby on Rails web developers and one front end developer to finish the project. A team of freelancers is in place already and have been working on the project.

We do not plan to use the proceeds for my salary or office space. A sum would be used for the initial marketing we intended to do, as well as paying the fees for raising capital.