Decimal is a technology platform that automates accounting operations for small and medium-sized businesses using cloud-based tools for real-time financial reporting and compliance management. The platform eliminates inefficiencies and inaccuracies in traditional accounting processes, enabling businesses to streamline financial workflows and lower operational costs.
Funding
$9M 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
Many small and medium-sized businesses struggle with inefficient and inaccurate accounting processes, leading to wasted time, increased costs, and difficulty in making informed financial decisions. Managing bookkeeping, bill payments, taxes, payroll, and other financial operations can be overwhelming and detract from core business activities.
Solution
Decimal provides a technology-driven platform that automates accounting operations for SMBs, offering real-time financial reporting and compliance management through cloud-based tools. The platform streamlines financial workflows by integrating bookkeeping, bill pay, tax preparation, payroll support, expense management, invoicing, and financial reporting into a unified system. Decimal assigns a dedicated team of accounting professionals who learn the nuances of each client's business and industry to deliver tailored solutions and proactive problem-solving. By leveraging industry best practices and recommended accounting technologies, Decimal helps businesses improve processes through automation and outsourcing of repetitive tasks, providing accurate and actionable financial information for better decision-making.
Target Audience
Decimal primarily serves small and medium-sized businesses across various industries, including e-commerce, home services, SaaS, marketing agencies, restaurants, trucking, and real estate, who seek to streamline their back-office operations and gain better financial visibility.
Features
- Fixed monthly pricing model that aligns incentives and eliminates surprise hourly billing
- Dedicated team of accounting professionals providing bookkeeping, tax, and technology expertise
- Integration with leading accounting software such as QuickBooks Online, Expensify, Gusto, Bill.com, Ramp, and Routable
- Automated bill pay services with secure vendor setup, bill recording, and payment preparation
- Streamlined expense management with customizable approval workflows and real-time categorization
- Invoicing support for creating templates, tracking accounts receivable aging, and managing customer onboarding
- Comprehensive financial reporting, including cash flow statements, profit and loss statements, and balance sheets
- Payroll support, including benefits deductions, employee updates, expense reimbursement, and commission entry