The verdict in three sentences
Automating financial reporting costs, in 2026, between 3,000,000 and 8,500,000 FCFA (about 4,600-13,000 EUR) over 4 to 7 weeks. By connecting accounting, treasury and sales, it replaces manual spreadsheet assembly with reliable consolidated statements. Monthly close drops from 6 days to 1, freeing roughly 50 hours/month for the finance team.
What the project covers and what it costs
The goal: a single source, standardised statements and automatic refresh. Here is a typical breakdown for a mid-market firm.
| Line item | FCFA range (2026) | Detail |
|---|---|---|
| Accounting connection | 600,000 - 1,600,000 | Entry import, chart of accounts |
| Treasury/bank connection | 500,000 - 1,500,000 | Reconciliation, balances |
| Sales/invoicing connection | 500,000 - 1,400,000 | Revenue, margins, receivables |
| Consolidation engine | 900,000 - 2,500,000 | Rules, aggregates, exports |
| Statements & audit trails | 500,000 - 1,500,000 | Templates, permissions, traceability |
| Project total | 3,000,000 - 8,500,000 | 4 to 7 weeks |
Maintenance: 200,000 to 450,000 FCFA/month (import reliability, statement changes, close support).
The measurable impact on close
The gain is not just time: automated reporting reduces errors, secures access and traces every figure back to its source.
| Metric | Before (manual Excel) | After (automated) |
|---|---|---|
| Monthly close duration | 6 days | 1 day |
| Finance hours/month | ~60 h | ~10 h |
| Re-keying error risk | High | Near zero |
| Audit trails | Fragmented | Full traceability |
| Statement availability | Day+8 | Day+1 |
| Expected ROI | - | 6 to 10 months |
Mini case study
David, CFO of a 90-person mid-market firm in Singapore, ties up 2 people for 50 h/month assembling statements in Excel, at an estimated internal cost of 500,000 FCFA/month, with regular discrepancies to fix. He invests 5,800,000 FCFA plus 320,000 FCFA/month. After cutover, close drops from 6 to 1 day and 50 h/month are freed for analysis. Production saving: 6,000,000 FCFA/year; year-one outlay: 5,800,000 + 3,840,000 = 9,640,000 FCFA. ROI lands around month 10, and management has figures at Day+1 to decide.
FAQ
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Does it replace our accounting software?
No. Reporting plugs into it to extract data; your accounting stays the official source. We add consolidation and statements.
Can we keep our current statement templates?
Yes. We reproduce your usual tables, then add complementary views (margins, receivables, cash forecast).
How is access secured?
By roles: each profile sees what concerns it. Audit trails track who views what and where each figure comes from.
How long to the first automated close?
A pilot close happens by week 4 to 7, with support, before full cutover the following month.
What ROI in practice?
Between 6 and 10 months for a firm spending 50 h/month on manual reporting, excluding the value of earlier decisions.
Let's scope your project. Tell us your accounting, bank and invoicing software and your current close duration, and we will price automation in the 3 - 8.5 M FCFA range. Detailed quote within 48 h. WhatsApp +221 77 596 93 33.
Mohamed Bah
Fondateur, Kolonell
Passionate about digital and entrepreneurship in Africa, Mohamed has been helping Sénégalese businesses with their digital transformation since 2020. Founder of Kolonell, he believes every SME deserves a professional and accessible online présence.
