Funding
Funding not disclosed
Founders
Product
Problem
Traditional accounting processes are often manual, time-consuming, and prone to errors, leading to increased costs and inefficiencies for businesses and accounting firms. Reconciling bank transactions, generating financial statements, and managing payments require significant manual effort, diverting resources from strategic activities.
Solution
Primaton offers an accounting intelligence platform that automates accounting tasks using AI and machine learning. The platform connects directly to bank accounts and payment systems, automatically matching bank transactions with documents in the client's ERP and fiscal archive to generate the first bank entry. Primaton's Smart Accounting service streamlines bank reconciliation, automates invoice matching, and provides a cloud-based solution that integrates with existing accounting software. By automating these processes, Primaton reduces manual effort, minimizes errors, and saves time for accountants and businesses.
Target Audience
Primaton targets accounting firms, small and medium-sized enterprises (SMEs), and accounting departments seeking to automate accounting processes, reduce manual effort, and improve efficiency.
Features
- Automated bank reconciliation using AI and machine learning algorithms
- Direct connection to bank accounts and payment systems via AIS (Account Information Service)
- Automatic matching of bank transactions with invoices and other financial documents
- Generation of the first bank entry automatically
- Cloud-based platform accessible from anywhere
- Integration with existing ERP systems and accounting software
- Fiscal-BOT for automated retrieval of invoices, F24 forms, and receipts from the fiscal archive
- Payment Initiation Service (PIS) for initiating payments from various bank accounts through a single platform
- Real-time synchronization of balances and transactions with the ability to request on-demand updates
- Strong Customer Authentication (SCA) for secure payment processing