Faayda is a Hindi word meaning profit. Faayda.
com wants you to be able concentrate on innovation and resources while turning a profit. The site provides small businesses and freelancers alike with the tools to take care of the nitty-gritty aspects of business. This includes invoicing and virtual accounting, collaboration, and lead management. The India-based hosted application simply requires you to sign-up and log-in. Currently in beta, their latest release is the invoicing feature. This allows you to email your client with an online generated invoice. The client can receive the invoice on his mobile and make payments through the site. You can also track unpaid invoices. This is the first piece of a tripartite application The second piece will be an online directory for small to medium businesses where users can search for and contact any business listed. The final piece of the application consists of collaboration tools. With these users will be able to share and create documents in real-time.
Faayda.com In Their Own Words
“Freelancers and small business will soon be able to concentrate their resources on producing their products & providing services while a virtual accounting department invoices clients, monitors receivables, and collects payment. Faayda.com has scheduled the launch of its new application, beginning with the invoicing module, for January 2008.”
Why Faayda.com It Might Be A Killer
Faayda has some interesting implications for freelancers and small businesses. It provides security and ease of use which allows any business owner to focus on getting ahead and success.
Some Questions About Faayda.com
Will Faayda manage to turn a profit itself? It’s focus is primarily India, but will it be able to reach a global audience? Does it plan on going global? 
