Eleven provides cloud-based accounting software that automates data extraction and routine bookkeeping tasks for accounting firms and CPAs, enhancing operational efficiency. The platform supports multi-entity and multi-currency transactions, enabling firms to manage large client bases while maintaining high standards of service.
Funding
$850K 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
Accounting firms and CPAs often face challenges in managing large client bases with diverse accounting needs, leading to inefficiencies in data extraction and routine bookkeeping tasks. Traditional accounting processes can be time-consuming and prone to errors, especially when dealing with multi-entity and multi-currency transactions. This can strain resources and hinder the ability to provide high standards of service.
Solution
Eleven provides a cloud-based accounting software solution designed to automate data extraction and streamline routine bookkeeping tasks for accounting firms and CPAs. The platform leverages AI-powered automation to extract data from PDFs, images, invoices, bills, and bank statements, significantly reducing manual data entry. With multi-entity and multi-currency support for over 170 currencies, Eleven enables firms to efficiently manage a large and diverse client base. The software also offers features for managing general ledger, accounts receivable and payable, taxes, and reporting, all within a single, integrated platform.
Target Audience
Eleven primarily targets accounting firms and CPAs seeking to enhance operational efficiency, reduce manual data entry, and improve client service through automation and cloud-based technology.
Features
- AI-powered data extraction from PDFs, images, invoices, bills, and bank statements
- Multi-currency support for over 170 currencies at the line level
- Automated workflows for managing general ledger, accounts receivable, and accounts payable
- Integrated business intelligence (BI) for data visualization and custom report creation
- Bank statement import and transaction reconciliation
- Role-based access control and audit trails
- Scalable infrastructure to accommodate growing client bases and transaction volumes
- Fixed-price contracts with all features included as standard