This startup provides professional accounting services and software that utilize proprietary document processing workflows and deep learning algorithms to automate accounting tasks. By replacing human accountants, the solution reduces operational costs and enhances efficiency in financial management and business analytics.
Funding
$220K 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 enterprises (SMEs) struggle with the complexities and costs associated with traditional accounting methods, including manual data entry, paper-based processes, and the need for dedicated in-house accountants. This can lead to inefficiencies, errors, and a lack of real-time financial insights, hindering effective business management.
Solution
RoboLabs provides AI-powered accounting services and a cloud-based platform designed to automate and streamline financial processes for SMEs. The platform leverages document processing workflows and deep learning algorithms to automate tasks such as invoice processing, bank reconciliation, and report generation. By automating these processes, RoboLabs reduces operational costs, minimizes human error, and provides businesses with real-time access to intuitive financial reports and business analytics. The ROBO platform integrates with various systems, including banks, payment institutions, and e-commerce platforms, ensuring seamless data flow and efficient financial management.
Target Audience
RoboLabs primarily serves small and medium-sized enterprises (SMEs) across various industries in Lithuania, including service, retail, wholesale, construction, and production, as well as foreign capital companies with divisions in Lithuania.
Features
- Automated document processing using AI for invoices, receipts, and contracts
- Real-time financial reporting and business analytics accessible via a user-friendly dashboard
- Mobile accessibility, allowing users to upload documents and monitor financials from any device
- Integration with Dokobit for electronic document signing
- Integration with Neopay for payment initiation
- Automatic payment reminders for customers
- Electronic invoicing capabilities
- Integration with government institutions, banks, payment systems, POS systems, and e-commerce platforms
- Open API for integration with other systems
- Support for multiple legal forms, business areas, and working schedules