Outmin provides autonomous bookkeeping software that automates workflows from transaction collection to period close for accounting firms and their clients. The platform uses an engine called Rex to automatically pull in financial data, categorize transactions, and perform reconciliations daily. This automation allows firms to scale client capacity while ensuring continuously updated, accurate financial records for better advisory services.
Funding
$5.6M 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
Small and medium-sized enterprises (SMEs) often struggle with inefficient bookkeeping processes, relying on manual data entry, outdated software, and costly freelancers or outsourced specialists. This leads to errors, delays, and a lack of real-time financial insights, hindering informed decision-making and business growth.
Solution
Outmin provides an AI-powered bookkeeping platform designed to automate accounting tasks and provide real-time financial insights for SMEs. The platform streamlines invoicing, tax compliance, supplier management, and payroll, reducing the need for manual processes and disparate systems. By leveraging AI and a dedicated support team, Outmin delivers accurate financial management, saves businesses time and money, and enables data-driven decision-making through comprehensive reports and KPI tracking. The platform offers both desktop and mobile applications, ensuring accessibility and control over financial data.
Target Audience
Outmin primarily targets small and medium-sized enterprises (SMEs), particularly independent restaurants, restaurant groups and chains, and franchises, seeking to streamline their bookkeeping processes and gain better financial visibility.
Features
- AI-powered automation of bookkeeping tasks, including data entry and reconciliation
- Automated sales invoicing with customizable templates and payment reminders
- Tax compliance management, including VAT calculations and filing assistance
- Supplier management tools for tracking expenses and streamlining payments
- Managed payroll services with automated calculations and direct deposit options
- Real-time reports and insights, including cash flow analysis and KPI tracking
- Dedicated support team of accounting experts available to answer questions and provide guidance
- Desktop and mobile applications for accessing and managing financial data on the go