Post on 28-Jul-2020
Beye®Business Intelligence Solution
see ahead be ahead
Problem
The tunnel vision of
accessing data by C-level bankers
Reliance on few selection of
KPIs
Lacking the full birds-eyeview of bank’s
performance
Decentralized, and
cumbersome way of
accessing information
Different sources of truthwith inconsistent
figures
Outdated information,
post the fact reaction to problems
Absence of online, ready-made, and executive level banking business performance and intelligent dashboard solutions
Solution
Readymade product with Turnkey Implementation• Time efficient• ~ 2,000+ ready banking KPIs right at the executives’ fingertips• Affordable pricing
A Solution with an industry Insights• Online, actionable analysis• Improved business understanding and hence bottom line• Covers every single area within the bank
Built by bankers, for bankers• We speak the language of banking executives• And hence our solution is designed with their needs in mind
Product
BEYE has an interactive, business oriented, and executive level performancemanagement dashboard system
Market Size
Our target market focus is the MENA region with:
~ 440 small to medium-sized banks…
5% market share to grab, ~ 20 – 25 banks in the next five years…
USD $350,000 average deal size per year per bank
Then move to other markets in Europe, US, APAC
Tractions
USD $1,100,000 actual sales in less than two years
5 banks in our portfolio
2 out of 5 banks were referred by existing customer
In the process to becoming Microsoft’s only partner to provide
banking Business Intelligence vertical solution to their financial
segment
Total of
USD $500,000
Per annum
Licensing Fees
USD $300,000
One time
Professional
Fees
USD $50,000One time
Recurring Fees
USD $105,000
per Annum
Maintenance
USD $45,000 15% of licensing Fees
Per Annum
Business Model
Competition
Target User BEYE Oracle Microsoft IBM SAP
End UserP P P P P
Power UserP P P P P
Management UserP X X X X
Other competitors provide onlyBusiness intelligence & dashboarding tools to
enable the normal users building their own dashboards and reports
Nizar Hawamdeh, CFACo-Founder, Chief Executive Officer
• A banker with nearly 20 years of experience
• Diversified experience in the financial sector, Information technology, and business intelligence
• Business Intelligence expert
• Graduated as computer engineer
Team
Nabil MushahwarCo-Founder, Masters Finance & Banking Sorbonne
• Entrepreneurial business leader with 30 years experience in IT and Banking, previously held:
• EVP, head of finance and strategic planning, Al Hilal Bank
• SVP, regional head of retail banking, Arab Bank
Bashar HawamdehCo-Founder, Chairman of BEYE Group
• Chairman of ICT sector in Jordan
• Entrepreneurial business leader with 25 years experience in Information Technology field
• Established many start ups and took them to the next levels
Financials
Actual sales of USD $1,100,000 up to Apr-18
USD
2018 2019 2020 2021 2022 Total
Licensing Fees 700,000 1,125,000 1,200,000 1,350,000 1,500,000 5,875,000Annual Maintenance Fees 42,313 286,193 450,443 659,693 889,193 2,327,835Recurring Business Fees 71,400 202,800 253,500 316,875 396,094 1,240,669Implementation Fees 67,245 168,750 180,000 202,500 225,000 843,495
Total Revenues 880,958 1,782,743 2,083,943 2,529,068 3,010,287 10,286,999
# of new Banks 5 7 8 8
Operating Expenses 616,671 1,069,646 1,250,366 1,390,987 1,655,658 5,983,327Net Income 264,287 713,097 833,577 1,138,081 1,354,629 4,303,671
The Ask
USD $750,000
USD $200,000Building the Team
USD $200,000Physical expansion and
presence
USD $150,000Intensive marketing and
awareness campaigns
USD $200,000Product enhancements to
be in line with industry trends
NO cash outReinvesting money into company
Beye®Business Intelligence Solution
See ahead Be ahead
BEYE Group
P.O. Box 2845Amman 11181 Jordan
Dabouq, Khair Al Dein Al Maani StreetJureisat Plaza, Building 1, 2nd Floor
Tel.: +962 (6) 533 7669Mob.: +962 79 016 5165Fax: +962 (6) 533 0774