SimplyWise offers an automated expense management solution that utilizes AI to scan, organize, and report receipts, mileage, and cost estimates. This technology reduces the time small business owners spend on administrative tasks, allowing them to focus on revenue-generating activities.
Funding
$12M 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.
CTDCPIXVFounders
Product
Problem
Small business owners often spend significant time on administrative tasks like expense tracking, receipt organization, and mileage logging, diverting their attention from core revenue-generating activities. Manually managing these tasks can be time-consuming, error-prone, and frustrating.
Solution
SimplyWise provides an AI-powered expense management platform designed to automate administrative tasks for small business owners. The platform offers tools to scan and organize receipts, track mileage, and create cost estimates, all aimed at reducing the time spent on paperwork. By automating these processes, SimplyWise enables users to focus on growing their business and increasing profitability. The platform simplifies expense tracking and reporting, making tax preparation easier and more efficient.
Target Audience
The primary target audience is small business owners who need to streamline their expense management and reduce administrative overhead.
Features
- AI-powered receipt scanning and organization
- Automatic import of email receipts
- Mileage tracking with automated log generation
- Cost estimation tools for project budgeting
- Expense reports for simplified tracking and tax preparation
- Mobile apps for on-the-go access and management