Smart Clerk

About Smart Clerk

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.

```xml <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. </problem> <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. </solution> <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 </features> <target_audience> Smart Clerk targets small to medium-sized businesses (SMBs) and accounting professionals seeking to automate financial data processing and streamline bookkeeping tasks. </target_audience> <revenue_model> Smart Clerk offers a tiered subscription model, including a free plan with limited features and paid plans ("Growth" at $29/month and "Professional" at $49/month) with increasing invoice processing limits and additional bank account support. Custom enterprise pricing is available for larger businesses with unique needs. </revenue_model> ```

What does Smart Clerk do?

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.

When was Smart Clerk founded?

Smart Clerk was founded in 2023.

Who founded Smart Clerk?

Smart Clerk was founded by Cansu Müftüoğlu.

  • Cansu Müftüoğlu - Co-Founder/Advisor
Founded
2023
Employees
4 employees
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Smart Clerk

Score: 63/100
AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

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.

smartclerk.ai500+
Founded 2023

Funding

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Team (<5)

Cansu Müftüoğlu

Co-Founder/Advisor

Company Description

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.

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

Target Audience

Smart Clerk targets small to medium-sized businesses (SMBs) and accounting professionals seeking to automate financial data processing and streamline bookkeeping tasks.

Revenue Model

Smart Clerk offers a tiered subscription model, including a free plan with limited features and paid plans ("Growth" at $29/month and "Professional" at $49/month) with increasing invoice processing limits and additional bank account support. Custom enterprise pricing is available for larger businesses with unique needs.