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Paramam is the leading pioneer for adopting an easy to use delivery medium for financial consulting over the internet.
Software as a Service (SaaS) providing financial consulting solution. Paramam Financials uses the latest virtualization technology enabling
- Open Transparent Model - Formulas and models made available
- Integration of data from various data providers
- Familiar spreadsheet interface over the web which drives customer adoption
- Rapidly create and deploy new models
- Accessibility 24*7 anywhere anytime
- Usability, Customization
- Billing time - Automated solution places no limits on resources for handling customers.
Why?
Combined Market Size >10 billion dollars
A Gartner report estimates market size of 6 billon dollars in the SaaS financial accounting services market
Mergers and Acquisitions services division of Investment banking generated revenues of $43 billion 2007. Assuming even 5% of this on Financial consulting, the market is 2 billion dollars.
26.8 million small businesses in the US - Link
The demand for these services is growing at an alarming pace in emerging countries such as India and China and remains relatively untapped.
Competition
Direct Competition – Small Business Consultants, Boutique Firms, High Number of Scattered Regional Players.
Indirect competition – Data providers like Factset, Thomson One, Bloomberg, CapitalIQ, Bigger Players such as Goldman Sachs, Morgan Stanley, Banks providing investment advice and consulting.
- High Barrier to Entry Market.
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