Sunday, August 23, 2009

OnYeM – Managing Money Made Easy

Managing expense is a discipline and very few get it. Sometimes its the lack of an intuitive tool that inhibits one to use expense tracking mechanisms.

Onyem is a newly launched startup that helps you track money. To get started, you need toadd bank detail (no account number – you just add the amount you have in your bank) and keep adding expenses as you spend your money.

onyem

Manage money online using Onyem

Expenses can be categorized under different sections – you can add different categories as well – same with income categories.

There was a similar service called 11rupees, (also a finalist at TiE-Canaan event) – but was never launched! The core issue with some of these mint-like service has been integrating with bank accounts (bureaucracy+ lack of API etc).

Onyem solves this challenge by asking you to manually enter the account balance – even though you are tracking virtual money,system will take care of real expenditures (users can also upload HDFC bank statements for auto generation of the statement).

Give Onyem a spin and share your comments.

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