SaaS startups have become the darling of Venture Capital investors, especially in the Accounting industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 18 VC funded SaaS startups in the Accounting industry.
A cross-platform monitoring tool created by Blockpit is aimed at both businesses and individual cryptocurrency traders. This makes it possible to calculate taxable cryptocurrency revenue in a straightforward manner and for tax advisers to accept the tax return. Taxes on gains are frequently unknown to cryptocurrency traders. It is challenging to maintain track of the individual deals while trading often. This is mostly due to the need that every transaction, including those using cryptocurrency, be assessed as a taxable event. It will be challenging to offer a declaration or proof later if the tax office asks for it. Where Blockpit's software can be useful is in this situation. All sources of revenue are automatically logged and a clear log is produced by the monitoring platform. Each and every transaction is imported, ensuring daily record of every exchange. The customer also receives information on taxable earnings and speculating windows, as well as a summary of the evolution of his portfolio.
For enterprises, Expensya offers an automated online and mobile solution for expenditure management. By utilizing technologies like the Cloud, Artificial Intelligence, Machine Learning, Big Data, and Business Intelligence, the platform solves problems specific to modern professions and automates the administration of expenditure reports from the receipt stage to its archiving. It is available in eight different languages and is customized to meet the demands of individual businesses as well as the regional accounting standards of almost fifty different nations. Karim Jouini and Jihed Othmani jointly co-founded the business in 2014.
For American internet retailers, Finaloop offers an accounting and company tax filing solution. We effortlessly link with your digital applications and take care of all aspects of your accounting for you. You don't need to employ tax accountants or bookkeepers. You can now gain real-time financial intelligence and save time and money with Finaloop.
By centralizing the workflow, allocating responsibilities, keeping track of supporting paperwork, and automating reconciliations, FloQast creates cloud-based software that assists in managing accounting departments. It is an expert in financial services, accounting, and software as a service.
The sole financial closing and consolidation software for mid-sized businesses is offered by Fluence. By providing game-changing efficiency gains and reliable, timely statistics, we provide customers the time, confidence, and performance they need. Fluence offers speedy implementation, acceptance, and time to value thanks to its out-of-the-box delivery, no-coding administration, and real Excel interface. Our clients can rely on us to satisfy their demands today and in the future thanks to a cloud calculating engine that has been decades in the making and was created by a team with centuries of combined expertise. Greetings from Fluence. We adjourn early.
Gappify offers corporate accounting teams automation tools. By automating time-consuming, repetitive operations and optimizing processes, Gappify's automation software gives accountants the tools they need to handle the business issues of today. The startup was established in 2016 by former Big-4 accountants with the goal of technologically advancing the accounting industry.
HighRadius is an enterprise Fintech Software-as-a-Service (SaaS) provider that uses Autonomous Systems powered by Artificial Intelligence to assist 600+ market-leading businesses in automating their Accounts Receivable and Treasury procedures. Through the automation of receivables and payments operations spanning credit, electronic billing and payment processing, cash application, deductions, and collections, the HighRadius® Integrated Receivables platform shortens cycle times in your order-to-cash process. In order to facilitate quicker A/R processing and improve their working capital, hundreds of mid-sized firms may use the HighRadius® RadiusOne AR Suite thanks to its cost-effective platform. Teams may accomplish touchless cash management and precise cash forecasting with the aid of HighRadius® Treasury Management Applications. HighRadius enables teams to use machine learning to forecast future outcomes and automate repetitive labor-intensive operations for order-to-cash teams, and it is powered by the RivanaTM Artificial Intelligence Engine and FreedaTM Digital Assistant. HighRadius solutions have a proven track record of improving cash flow, lowering days sales outstanding (DSO) and bad debt, and enhancing operational efficiency so that businesses may achieve high ROI in only a few months. Each year, they process over $2.23 trillion in receivables transactions. HighRadius has been recognized as a Leader by IDC MarketScape twice in a row and is the most popular solution in the market for accounts payable and treasury. Please visit www.highradius.com for further information.
Ignition is a client engagement and commerce platform that streamlines client contact and payment for professional services organizations. Ignition is used by companies like accounting and bookkeeping services to help them expand, become more efficient, and develop beneficial customer connections. With Practice Ignition, professionals can quickly engage new and existing customers with a clear scope of work, win new business with stunning digital proposals, and get paid on time by automating payment collection - all in one location. Practice Ignition also integrates with popular applications to operate companies automatically and streamline time-consuming chores like billing and client onboarding.
The fastest-growing SaaS startup in India, Khatabook provides safe and secure business and financial solutions to help micro, small, and medium-sized enterprises operate more efficiently and at lower costs. The business landscape in India has changed as a result of this industry's recognition, and the firm received the "Best Innovative Mobile App" 2020 award at the India Digital Awards in February 2020. Today, Khatabook has more than 20 million registered users and is available in more than 11 languages.
Klarity's software simplifies your ASC 606 or IFRS 15 customer contract review process. Klarity normalizes your contract review controls through a standardized checklist, uses Machine Learning to review customer contracts for clauses with potential revenue impact, documents technical Revenue Recognition impact according to ASC 606 or IFRS 15, and stores all relevant documents (e.g. MSA, Order Form, RevRec schedule and Invoice) in one record. Klarity was founded by Andrew Antos, a Harvard lawyer, and Nischal Nadhamuni, an MIT Computer Science graduate.
LiveFlow supports real-time collaboration, account consolidation, and automation of financial activities. Lasse Kalkar, Anita Koimur, and Evan O'Brien, who had previously worked as the engineering lead at Web Summit, established LiveFlow in 2021. Y Combinator, Seedcamp, Moonfire Ventures, WndrCo, as well as angel investors Victor Jacobsson, Bradley Horowitz, and others, have all supported LiveFlow.
Pento provides a SaaS-based online platform intended to optimize payroll services. Its platform helps to automate payroll system and offer complementary features to employees, such as user-friendly access to pay history and personal pay-related data, enabling small and medium-sized companies to find a digital way to automate salary processing, taxes and is fully connected to HMRC. The company was founded in 2016 and is based in London, United Kingdom.
The SEMINE.AI cognitive services offers shared service centers in enterprices and their developers to standardize the most labor-intensive financial object, using a semantic model for the classification of the invoice, and populate AI-models in order to enable automation. The automation includes cost distribution at both GL and dimension levels. Positioned as the market leader with AI in accounts payable the company is experiencing vast growth in the Nordics where most of the AP market leaders are born (Basware, Medius and Visma)
For sole proprietors and small enterprises, sevDesk makes accounting easier. They remove all the tedious chores using KI-based automation to make the accounting process painless.
Synder is an easy accounting platform for e-commerce businesses.CloudBusiness is a fintech software company founded in 2016. It creates solutions for accounting automation and management of business finances for small and mid-size businesses. Synder is innovative accounting software famous for its multiple integrations and skyrocketing growth. In 2020 alone Synder processed over 1 Billion dollars worth of transactions for e-commerce and helped more than 20,000 businesses. Synder is a solution for e-commerce and SaaS businesses that work with a high volume of online transactions from different sources (Shopify, Amazon, Stripe, Square, Etsy, WooCommerce, PayPal with one-time or recurring payments). We automate bookkeeping of sales, simplify the accounts reconciliation process and facilitate more accurate and detailed reporting, including Profit&Loss and balance sheets. The high quality of our software and customer support is highlighted by the reviews of our clients. By the end of 2020, Synder reached more than 1000 5-star customer reviews on the QuickBooks App Store and top ratings on Capterra, Trustpilot, Crozdesk, and many other review platforms. Synder is a permanently growing company, which collaborates with multiple e-commerce platforms. Last year Synder connected 7 new and highly-demanded sales channels such as Amazon, Shopify, eBay, Etsy, and even more of them will be integrated next year. Moreover, every month Synder implements more and more new features: Smart Rules, Organizations for accountants who work with multiple clients, Multicurrency transactions
Documents into Data in Seconds. Accuracy & Speed Surpassing Humans. A fully integrated suite of data transformation products for you to securely capture, extract and transform bills, receipts and invoices into structured data for use in your mobile app, website or back office.
Each team establishes its own procedures for handling pull requests, handling issues, handling bugs, hiring new personnel, etc. These procedures are crucial, but they frequently go undocumented, require a lot of human labor, and switch between several SaaS applications. Build, automate, and manage your team's operational playbooks and business processes with Workflow86, an all-in-one platform. It has a ton of built-in features so you can accomplish more with only Workflow86 while yet making it really simple to connect to other tools when necessary. Forms, business logic, document templates, and other elements may all be added to your process step by step using drag and drop components. Non-technical team members (bizops, HR, admin, legal, risk, and compliance) may build up playbooks and processes on their own because it is no-code. You can execute a playbook or process automatically and at scale after it has been created. Automatically start playbooks when a certain event, time, or submission occurs.
Xendoo is a cutting-edge cloud-based accounting and bookkeeping tool designed with small businesses in mind. Through a technological base, the fintech startup offers small business owners access to CPAs, price certainty, and quickness to their statistics. By utilizing technology, Xendoo is revolutionizing the accounting sector and giving small company owners financial peace of mind so they can concentrate on what they do best—run their companies.
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