Legal & Accounting Paperwork Becomes Easy With Rajshree’s Tranxact
#VoicesOfCommunity featuring Rajshree Sharma , Co-founder at Tranxact, a tool for all your legal and accounting needs. It helps in generating legally binding contracts and beautiful invoices, and collaborates real time on your paperwork, while helping you to remain focussed on work. Rajshree spoke at length with us about her kickass venture.
“I have been fortunate enough to know my calling since a very early age. Social sector is where my heart and mind have always been in, and I have engaged with it in multiple forms. For example, as a kid, I was known as the in-house trash can because my pockets were full of little bits & pieces that could not be thrown since no bin was around! It was in late 2015, I was introduced to the malpractices rampant in the creative service providing industry.”
“India has the largest freelance community (15m ), and a large part of it is coming out of colleges and self-taught projects where there is a culture of learning from mistakes. Hardly any design school, as an example, teaches its students the business end of a collaboration. Out in the market, they start from scratch, Googling their way through invoices, the contents to be put in a contract, and so on. Consequently, there are payment defaults, work-scope related disputes, collaborations gone wrong, simply because neither of the side had knowledge or experience of safeguarding their interests through documentation. From a personal experience, I have seen how bad things can get and the extremely ugly side of working on commissioned projects. Remembering this incident where a friend was locked in a house for close to four hours. The demand was simple- deliver the project material in exchange for their pittance, and not the previously agreed amount. Things went to worse, but an important lesson was learnt- that in spite of the scale of your work or the amount, have your legal and other paperwork in place. This particular incident made us put our heads together and dig deep for a solution, and it was here that Tranxact took shape.”
“At Tranxact our problem statement is simple, freelance creative professionals lack resources (both monetary and infrastructural) to manage their business paperwork. Designed especially for the needs of creative service providers and freelancers, Tranxact is a document creation and management tool providing legal framework to a community marked by high volumes of work and less organisation. From generating contracts, e-signing, maintaining a repository to scheduling invoices, keeping a track of the payment, Tranxact functions as a business manager for its user. We are trying to empower the freelance, service providing industry by providing them access to legal resources & business framework in a time and cost efficient manner. When you are paid by the hour, every minute that you spend away from doing the actual work matters, and our job is to ensure more work for the community.”
“My largest challenge was convincing my family that my age and experience do not have a major bearing on my entrepreneurial journey. Their apprehensions had some valid pros, but at the end, they have always stood by my decisions, and continue to do so. Family forms an integral part in anyone’s life journey especially so for me as my idea of fun largely involves engaging in inconsequential banter with my family and friends. I also love going through every listicle that keeps popping on my feed.”
