Soon, New Software For Chartered Accountancy Firms; ICAI Invites Proposals From IT Companies 

The Institute of Chartered Accountants of India (ICAI) has invited an expression of interest (EOI) from software companies over designing new software for Chartered Accountancy firms and practitioners.

As per the notice [PDF], ICAI has asked the companies to send in the EOI by 31 March. This initiative is being spearheaded by ICAI’s Committee for Capacity Building of Members in Practice (CCBMP) which is responsible for such functions.

The interested software companies would need to have appropriate knowledge in various aspects of Chartered Accountancy and other relented subjects.

The software company would also have to provide a free of cost training for all users of the software. The software would be available at all Information Technology Training Centers of ICAI.

The software vendors would need to re-brand their existing software and waive off the initial licence fee or subsidise it for the first two years. The companies have also been asked to price it reasonably.

Any member registered with the ICAI would be eligible to get a copy of this software for free, claims the notice.

The selected software company would then sign a Memorandum of Understanding (MoU) with ICAI to release the required software.