Smart Clerk utilizes AI to convert invoices and bank statements into structured data, eliminating manual data entry and ensuring accurate transaction categorization. This technology streamlines financial reporting and vendor management, significantly reducing the time required for bookkeeping tasks.
Funding
Funding not disclosed
Founders
Product
Problem
Manually converting invoices and bank statements into structured data is time-consuming and prone to errors, hindering efficient financial reporting and vendor management. Inaccurate transaction categorization further complicates bookkeeping tasks.
Solution
Smart Clerk uses AI to automate the conversion of invoices and bank statements into structured data, eliminating manual data entry and ensuring accurate transaction categorization. The platform streamlines financial reporting and vendor management by automatically matching vendors, even with abbreviated names on bank or credit card statements. Users can view vendor balances, invoices, and transactions in one place, facilitating effortless vendor management. The AI customizes categories for transactions and invoices based on specific business needs, and can also suggest categories based on a description of the business.
Target Audience
Smart Clerk targets small to medium-sized businesses (SMBs) and accounting professionals seeking to automate financial data processing and streamline bookkeeping tasks.
Features
- AI-powered data extraction from invoices and bank statements
- Automated transaction categorization with customizable categories
- Vendor matching across different spellings and abbreviations
- Automated detection of duplicate payments and identification of missing client payments
- Generation of bookkeeper-ready financial reports
- Secure data storage with encryption protocols
- Excel report export functionality
- No-code integrations with partner platforms
- API access for custom integrations