ChainTrust automates the accounting entry of purchase and sales invoices using algorithms and artificial intelligence, significantly reducing manual data entry errors and processing time. The platform integrates seamlessly with existing accounting software, allowing firms to streamline their workflows and enhance productivity without complex setup requirements.
Funding
$3.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Manual accounting data entry for purchase and sales invoices is time-consuming and prone to errors, hindering productivity for accounting firms. Existing solutions often require complex configurations and may not seamlessly integrate with existing accounting software.
Solution
ChainTrust offers an AI-powered solution that automates the accounting entry of invoices, significantly reducing manual effort and improving accuracy. The platform automatically classifies imported documents and enters them into the appropriate accounts, even handling complex invoices with foreign currencies and intra-community VAT. ChainTrust integrates with existing accounting software via APIs, creating a streamlined and efficient workflow. The system requires no configuration and adapts to the accounting rules of each firm using the FEC (fichier des écritures comptables) standard.
Target Audience
ChainTrust primarily targets accounting firms and certified public accountants seeking to automate their accounting processes and improve efficiency.
Features
- Automated invoice data extraction and categorization using AI algorithms
- Compatibility with 100% of accounting software via API integrations
- Simplified document collection through a mobile application for clients
- Automatic handling of complex invoices, including foreign currencies and intra-community VAT
- Real-time synchronization of data with connected tools
- No configuration required, adapts to each firm's accounting rules based on FEC