Smart invoice processingSMACC uses artificial intelligence and machine learning technology to instantly extract and process all relevant financial data from invoices and receipts. The instant processing of invoices combined with direct integration of all payment accounts into SMACC’s solutions provide the unique ability to track current and future liquidity in real-time without manual data entry.
Bank account integrationSMACC integrates all your bank accounts, credit cards, payment service providers and e-commerce services like Amazon Marketplace and eBay. Easily connect all accounts within the app. Automated payment matching allows to instantly match payments to invoices keeping track of all open liabilities and accounts receivables to ensure that you don’t experience any surprises.
Interactive reportsGet full transparency with our intuitive interactive charts. Choose time frames for your aged A/R and A/P, include and exclude individual cash flows in the analysis and share reports internally and externally.
ForecastsWe currently offer static liquidity forecasts based on the current cash positions on your payment accounts and the due dates of your accounts payable and receivable. We are currently working on offering dynamic forecasts involving the assessment of default risk of your accounts receivable and expected business volume based on historic data and external factors. We apply latest predictive analytics to provide a whole new level of financial insights. ETA: Q2 2017
“SMACC has a real-time liquidity overview with all accounts receivable and payable taking due dates, tax and payroll into account. It’s SMACC’s best feature from my persepctive.”
– Markus Böhm, Böhm GmbH
Complete digitization of your finances
SMACC enables you to fully digitize your financial management. Use the SMACC Scanner, forward e-mails to your SMACC inbox, snap pictures of your receipts or use our direct import options to transfer your financial documents. Our proprietary technology recognizes all relevant data, classifies your documents automatically and organizes them digitally in our secure SMACC cloud. You have all your financial document at your finger tips anytime and from every device no matter where you are. Our smart search engine helps you find every invoice instantly.
Combine artificial and human intelligence
We are a technology leader in the field of artificial intelligence (AI) and machine learning. Our propitiatory technology enables our software solutions to instantly extract and classify a rich data set from financial documents and to automatically process invoices and receipts. The strength of our software solutions lies, however, in combing expert knowledge from financial accountants and tax advisers to assess specific business events with our automation technology. We work closely with financial professional enabling them to deliver the best possible work results, insights and client advice.
Boost efficiency through automation
With SMACC your organization can reduce the cost of paper based processing, significantly increase processing time of financial documents, and reduce manual data entry tasks to a minimum. Our clients reduce the cost of their financial management by up to 80% while increasing data quality and availability of financial information to manage their business. Our software solutions are easy to implement. Setup and on-boarding usually take to 2-3 weeks in close coordination with client’s tax advisers.