Le Lézard
Classified in: Science and technology, Business
Subject: PDT

"Quarter of a Billion" Pieces of Financial Paperwork Processed by Receipt Bank


LONDON, Oct. 21, 2019 /PRNewswire/ -- Receipt Bank - the world's leading bookkeeping automation platform, has reached a new milestone, digitally processing over 250,000,000 financial documents to date.

The digital accounting platform has allowed 1.3 million people to snap, scan and save receipts, invoices and bank statements since launching. 

The financial documents are stored safely and filed correctly for bookkeeper or accountant access to customers' accounts. Receipt Bank works across platforms including Intuit's QuickBooks Online, Xero, Sage or even a simple spreadsheet.

Adrian Blair, Receipt Bank CEO, commented: "This is a huge milestone as we continue on our mission to make small business bookkeeping more powerful using machine learning. I'm delighted that more and more small businesses and their advisers are joining the Receipt Bank community."

Receipt Bank is now used by 63,629 professional business advisers, serving hundreds of thousands of small and medium-sized businesses globally. 

Americans have submitted more than 20 million financial documents to the Receipt Bank platform. 

One Receipt Bank business user commented: "I'm a Tour Operator. So you can imagine the amount of daily cash receipts. I started using receipt bank and I couldn't have asked for a better solution to my problems. I simply snap, upload and it goes straight into my accounting system - just like that!"

Receipt Bank's CEO Adrian Blair added: "Machine learning means that the more financial paperwork we process, the greater value we deliver for our customers. I'm excited by how we can genuinely transform businesses for the better by saving them time and helping them grow faster." 

Notes to Editors

  1. Receipt Bank's mission is to make the business of bookkeeping simple and more powerful. 
  2. Our award-winning accounting software is used by 63,629 financial professional users globally. The company is based in London and has offices in 7 markets with 450 employees, including US, Canada, France, South Africa, Australia and the UK. 
  3. Receipt Bank processes more than 2 million financial documents per week and has the highest measured data accuracy rate in the industry.
  4. Financial paperwork includes receipts, bank statements, plus cost and sales invoices.

 

For media, please contact:
Paul Afshar
Head of Communications
+44(0)20-3510-2706

 

SOURCE Receipt Bank


These press releases may also interest you

at 19:15
HOF Village, LLC ("HOFV"), the owner of the premier sports, entertainment and media enterprise surrounding the Pro Football Hall of Fame in Canton, Ohio, today announced that it has acquired the remaining 50% ownership rights of Youth Sports...

at 19:15
Intermap Technologies ("Intermap" or the "Company"), a global leader in geospatial intelligence solutions, today announced an Amended Settlement Agreement, covering all the outstanding Vertex Notes,...

at 19:10
Diversified Royalty Corp. (the "Corporation" or "DIV") is pleased to announce that its board of directors has approved a cash dividend of $0.01667 per common share for the period of June 1, 2020 to June 30, 2020, which is equal to $0.20 per common...

at 18:55
Universal Health Realty Income Trust announced today that its Board of Trustees voted to increase the quarterly dividend by $.005 and pay a dividend of $.69 per share on June 30, 2020 to shareholders of record as of June 16, 2020. Universal Health...

at 18:50
AcelRx Pharmaceuticals, Inc. (AcelRx) , a specialty pharmaceutical company focused on the development and commercialization of innovative therapies for use in medically supervised settings, today announced that it does not intend to revise further...

at 18:20
Methanex Corporation announced today that it has amended its $300 million committed revolving credit facility and $800 million non-revolving construction facility.  These changes amend and waive certain terms and conditions of the credit...



News published on 21 october 2019 at 01:00 and distributed by: