Clever Cost provides a digital platform that automates invoice management and real-time VAT monitoring, enabling businesses to efficiently track expenses and optimize purchasing decisions. By offering insights into vendor pricing and profit margins, the platform helps users reduce costs and improve financial oversight.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses, particularly in the restaurant and hospitality sectors, struggle with inefficient invoice management, making it difficult to track expenses, monitor VAT, and optimize purchasing decisions in real-time. Manual invoice processing is time-consuming, prone to errors, and lacks the dynamic insights needed to react swiftly to vendor price changes and control costs effectively.
Solution
Clever Cost offers a digital platform designed to automate invoice management and provide real-time VAT monitoring, empowering businesses to efficiently track expenses and make informed purchasing decisions. The platform digitizes and securely stores invoices in a centralized location, providing easy access and ensuring compliance with accounting regulations. By offering a dynamic dashboard with up-to-date vendor pricing and profit margin calculations, Clever Cost enables users to optimize costs, improve financial oversight, and react quickly to market changes. The system also facilitates the calculation of take-away costs and integrates with accounting software for streamlined financial management.
Target Audience
The primary target audience includes restaurants, cafes, and other businesses in the hospitality sector that need to streamline invoice management, optimize costs, and improve financial oversight.
Features
- Automated invoice digitization and secure storage
- Real-time VAT monitoring with purchase and sales VAT overview
- Dynamic dashboard for expense optimization and vendor price tracking
- Profit margin calculation for sales items
- Take-away cost calculation module
- Integration with E-conomic accounting software
- Mobile app for invoice scanning