Tohands Smart Calculator: Shopkeepers now have easy way to track income, expenses
This calculator aims to help shopkeepers keep track of their in-store transactions, including income and expenses, through the Tohands mobile app. This device spares the shopkeeper the hassle of jotting down all the income and expenses made during the day and presents an updated statement at the click of a button.
By Amrutha Kosuru Published on 27 Sep 2022 10:33 AM GMT
Hyderabad: Tohands Pvt. Ltd., a start-up initiative of four entrepreneurs to provide smart transaction tallying solutions for small and medium businesses, has unveiled the world's first smart calculator device, Tohands Smart Calculator.
The Tohands Smart Calculator was formally launched by Telangana IT secretary Jayesh Ranjan at T-Hub Phase on Tuesday.
This calculator aims to help shopkeepers keep track of their in-store transactions, including income and expenses, through the Tohands mobile app. This device spares the shopkeeper the hassle of jotting down all the income and expenses made during the day and presents an updated statement at the click of a button.
Tohands Pvt. Ltd. is supported by Startup India Seed fund and T-Hub to develop the Smart Calculator and has raised Rs. 50 lakhs to date through them.
The four young innovators from Tohands are Praveen Mishra, Founder Chief Everything officer; Satyam Sahu, All things Tech; Shanmugha Vadivel, chief hardware officer; and Arvind Subramanian, All things growth.
"The current options of SMBs (small and mid-size businesses) are not user-friendly. Keeping track of all the transactions and recording the income and expenses in a notebook is laborious and not foolproof," said Praveen Mishra.
"Using an app to record every transaction is time-consuming and distracts attention from the customer. Our Tohands Smart Calculator precisely addresses these day-to-day challenges. It records every transaction on the mobile app in real-time and the shopkeeper can access it at his convenience, thus helping him to place his thrust on customer servicing and win their loyalty," he added.
Tohands Smart Calculator aims to bring much-needed transparency in bookkeeping among small and medium businesses while recording and displaying accurate income and expense details at any point in time.
The calculator lasts for three days on a power recharge. It has internal memory to record up to five lakh transactions and saves the details even if the device is not connected to WIFI.
The device is priced at Rs. 2,999.
The app which comes with the device is Freemium and users can access the data of the last 90 days from it and download a few reports. A monthly subscription starting at Rs. 99 enables data access and download of reports of more than 90 days.
The design ideology of the company is MAYA ā More Advanced Yet Acceptable.
"Tohands Smart Calculator brings in a new solution within the current behaviour pattern. This enables the user of the smart calculator to embrace change quickly with no resistance," said Praveen.
"Tohands Smart Calculator is all set to disrupt the calculator market dominated by Casio and other Chinese vendors with practically no innovation in the product for the last two decades," said Jayesh Ranjan.
