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About Smacc

Founded by the trio- Uli Erxleben, Janosch Novak and Stefan Korsch, Smacc is an AI startup that has developed a well-advanced technology to automate your accounting. It provides a digital platform to small and medium-sized enterprises to automate all the accounting; thus, making your financial tasks easy.

The idea of Smacc came after finding accounting the most time-consuming and daunting part of their own startup. No doubt, there are some already existing accounting cloud-based accounting software providers like Xero and Crunch Accounting. However, Smacc seems to stand out because of its top level of automation at accounting and finance processes that usually are manually done.

How Smacc Works?

All you have to do is submit your receipts, which turns them into a machine-readable format, encrypts them, and then allocates them to an account. Gradually, the platform self-learns as well as tracks invoices, sales, costs and liquidity.

Once the system has learnt on how to deal with the supplier on position levels, it will do it automatically. Over the time, it will constantly become better at automatically dealing and allocating the data.

Takeaways:

• Smacc provides a digital platform to small and medium-sized enterprises to automate all the accounting; thus, making your financial tasks easy.
• All you have to do is submit your receipts, which turns them into a machine-readable format, encrypts them, and then allocates them to an account.