Business Proposal

ABAAS — AutoBooks AI Accounting Solution

AutoBooks AI Accounting Solution

ABAAS — Intelligent Bookkeeping for Nigerian Businesses

Date: 10 September 2026

Ref: ABAAS/PROP/2026/001

To: The Managing Director

Through: The Chief Financial Officer

[Client Company Name]

[Client Address]

Dear Sir/Madam,

RE: Proposal for AI-Powered Accounting & Bookkeeping Services

We are pleased to submit this proposal for the adoption of AutoBooks AI Accounting Solution (ABAAS) — a cloud-based, AI-powered accounting platform designed specifically for Nigerian businesses. ABAAS combines traditional double-entry bookkeeping with artificial intelligence to automate transaction classification, accelerate data entry, and deliver real-time financial intelligence — all while complying fully with the Nigeria Data Protection Act 2023.

1. Executive Summary

ABAAS is a comprehensive accounting platform that replaces manual bookkeeping with an intelligent, automated workflow. Your finance team can record transactions by simply speaking or typing in plain English, import entire bank statements in seconds, and generate financial statements in real time. The platform is built on bank-grade security infrastructure, is SOC 2 Type II and ISO 27001 certified, and complies with the Nigeria Data Protection Act (NDPA) 2023. We offer a 7-day free trial with no card required, and three subscription tiers starting from ₦49,999.99 per month.

2. The Challenge

  • Manual data entry is slow, error-prone, and consumes valuable finance team hours.
  • Bank statement reconciliation requires manually transcribing dozens or hundreds of line items.
  • Financial reporting is delayed because reports are compiled manually at month-end.
  • Data security concerns with spreadsheet-based accounting and physical document storage.
  • Regulatory compliance — NDPA, FIRS record-keeping, and audit trail requirements are difficult to meet manually.

3. The ABAAS Solution

Complete Bookkeeping

Double-entry accounting, chart of accounts, journals, and ledgers — built to Nigerian accounting standards.

The Talking Accountant

Describe a transaction by voice or text in plain English. AI classifies it into the correct debit and credit accounts instantly.

Fast Bulk Import

Upload bank statements (PDF), spreadsheets (Excel), or CSV. Records are extracted in seconds and ready to review.

Inventory Management

Track stock levels, record movements, and get low-stock alerts — with full cost and valuation tracking.

Real-Time Reports

Trial balance, P&L, balance sheet, and cash flow — generated live from your data, exportable to PDF.

Bank-Grade Security

Encrypted databases, role-based access, and full audit logging. Your financial data is protected to international standards.

4. Data Security & NDPA Compliance

Encryption

Data encrypted at rest and in transit (TLS)

Tenant Isolation

Row-Level Security — each company sees only its own data

NDPA Compliant

Full compliance with Nigeria Data Protection Act 2023

SOC 2 & ISO 27001

Platform infrastructure certified to global standards

Access control: Each company's data is isolated using Row-Level Security (RLS) — users can only access records belonging to their own company. Payment card data is never stored; it is handled exclusively by our PCI-DSS compliant payment processors (Paystack and Stripe). A full Data Processing Agreement is available for business customers. Data is retained per Nigerian tax law requirements (minimum six years) and deleted or anonymised thereafter.

5. Subscription Plans

All plans include a 7-day free trial — no payment card required. Billed monthly in Naira via Paystack (Nigeria) or Stripe (international). Cancel anytime.

Starter

For small businesses getting started

₦49,999.99/month
  • Double-entry bookkeeping & chart of accounts
  • Income, expense & transaction recording
  • Trial balance, P&L, and general ledger
  • Bulk import (CSV, Excel, PDF)
  • 7-day free trial — no card required
Most Popular

Pro

For growing businesses

₦74,999.99/month
  • Everything in Starter, plus:
  • Balance sheet & cash flow statement
  • Inventory management with stock tracking
  • AI transaction classification (voice + text)
  • Tax liability tracking
  • Activity audit log

Business

For established enterprises

₦99,999.99/month
  • Everything in Pro, plus:
  • Multi-user accountant access
  • Full financial reporting suite
  • Priority support
  • Data Processing Agreement included
  • Custom onboarding assistance

6. Implementation Timeline

Day 1

Account Setup

Create your company workspace, invite team members, and set up your chart of accounts.

Day 2–3

Data Import

Import existing transactions, income, and expenses via CSV, Excel, or PDF bank statements.

Day 4–5

Training & Onboarding

Train your finance team on transaction entry, AI classification, and report generation.

Day 6–7

Go Live

Full trial access — verify reports, reconcile accounts, and confirm the platform meets your needs.

7. Terms & Conditions

  • Subscription is billed monthly in advance via Paystack (NGN) or Stripe (USD).
  • A 7-day free trial is provided with full platform access — no payment information required to start.
  • Either party may terminate with 30 days' written notice. Data export is available for 30 days after termination.
  • A Data Processing Agreement (DPA) is executed for all business subscriptions, per NDPA requirements.
  • Service Level: 99.9% uptime target with 24-hour support response for Pro and Business plans.

8. Acceptance of Proposal

If the contents of this proposal are acceptable, please sign below and return to us to commence your 7-day free trial.

For AutoBooks AI Accounting Solution (ABAAS):

Name: ___________________________

Title: Authorized Representative

Date: ___________________________

For [Client Company Name]:

Name: ___________________________

Title: Chief Financial Officer

Date: ___________________________

We are confident that ABAAS will transform your finance operations — reducing manual effort, improving accuracy, and giving your leadership team real-time financial visibility. We welcome the opportunity to discuss this proposal further and demonstrate the platform at your convenience.

Yours faithfully,

For: AutoBooks AI Accounting Solution (ABAAS)