Reakon is a money-recovery platform for Indian businesses that helps them reclaim lost GST input tax credits. By forwarding purchase bills via WhatsApp, users get automatic reconciliation against the GST portal, real-time vendor risk alerts, and automated payment chasing—all without installing new software. The platform integrates with Tally and existing CAs, providing a centralized portal for financial oversight.
Funding
Funding not disclosed
Founders
Product
Problem
Indian businesses routinely lose GST input tax credit (ITC) when vendors fail to file their GST returns, causing the credit to be blocked or forfeited. Manually reconciling purchase bills against the GST portal is time-consuming, and missed deadlines under Section 16(4) permanently forfeit claimable credit, creating a silent drain on working capital.
Solution
Reakon is a money-recovery layer that works through WhatsApp, allowing businesses to forward purchase bills as photos or PDFs for immediate, automated reconciliation against live GST portal data (GSTR-2B/2A). The platform flags vendors whose unfiled returns put ITC at risk, automatically sends polite payment reminders to late-paying customers, and tracks every outstanding invoice to improve collection. A dedicated portal provides a clear financial dashboard where CAs post profit and loss statements, while users can ask questions about GST, invoices, or cash flow via a 24/7 WhatsApp assistant. Reakon monitors upcoming GST deadlines and provides specific recommendations—including withholding GST on payments to non-compliant vendors—ensuring businesses protect their credit before it is lost.
Target Audience
Primary users are Indian business owners and their Chartered Accountants who want to recover lost GST input tax credit and improve payment collections without changing their existing workflows.
Features
- AI-powered bill capture and reading via WhatsApp, requiring no app installation or new software
- Live reconciliation of forwarded bills against GSTR-2B/GSTR-2A from the GST portal
- Automatic vendor filing-risk alerts that recommend withholding GST amounts on payments to non-compliant vendors
- Invoice Management System (IMS) console with tracking of claimable, claimed, and at-risk ITC amounts
- Automatic, polite WhatsApp payment reminders for overdue customer invoices with user-controlled chase/hold decisions
- Unified portal connecting bank accounts, expense accounts, GST portal, and Tally with automatic cash flow and burn tracking
- CA collaboration feature where accountants post dated profit and loss statements directly to the user's portal
- Automatic purchase register generation with Tally export capability
- Compliance deadline tracking for GSTR-1, GSTR-3B, and Section 16(4) lock cutoff dates