AI-enabled financial management
We use artificial intelligence and machine learning technology to help SMBs master their everyday financial tasks – simple, efficient, and reliable
Save time on bookkeeping
Simply scan and forward your invoices and receipts to SMACC. Our system uses artificial intelligence and machine learning technology to extract all relevant data and to do the bookkeeping automatically.
All your financial documents are digitized, automatically organized and securely archived in our German data centers. You can access all your documents conveniently from every device using your account credentials. Grant access to CPAs, business partners, and your employees through our advanced rights management.
SMACC’s system recognizes 64 data points including, payment terms, tax information, address data as well as descriptions and amounts of products and services invoiced on your bills and receipts. The information is used to automatically start your financial workflows including bill approvals, digital payments, and financial controlling.
Based on the recognized invoice information SMACC’s software can allocate financial accounts, cost centers, and project centers to every item on your bill. The systems includes and learns from inputs provided by CPAs and financial accountants to ensure highest quality and accuracy.
Get up-to-date numbers
Gain transparency and control over your business with real-time financial data. Automated data processing provides daily insights into your business's financial performance putting you in control.
SMACC directly integrates with all your bank accounts, credit cards and payment service providers to give you a real-time view of your cash position. Based on up-to-date accounts receivable and accounts payable data SMACC provides insights into your current liquidity and empowers you to manage it effectively.
Real-time financial reports
SMACC generates real-time reports of your revenues, expenses and operational profitability. All data is directly linked to the corresponding invoices, receipts and payment transactions providing unmatched transparency to you and your team.
A/R & A/P management
All financial supplier and customer data is automatically aggregated and made available in the app. See business volume, open positions and payment history of your business partners and customers. You can access and edit profile information including contact information, payment terms, cost centers, and financial accounts.
Never be late on payments, save money by realizing discounts or reduce your working capital with SMACC’s smart payment lists and in-app payment transactions.
In-app payment transactions
Process payments directly from within the SMACC app through your own payment accounts applying your current security methods. Manage accounts from multiple banks in one user interface and have your company’s liquidity always at your fingertips.
Use flexible digital approval workflows to manage your bills and implement required governance processes. Approvals can be securely made on any device from the office or while you are traveling.
Smart payment lists
SMACC recognizes all payment terms from your incoming bills and prepares smart payment lists based on your requirements. Process your payments directly within the app or import your payment lists in your banking software. Never miss payments, closely manage payment targets and optimize your cash management.
SMACC just takes care of all my bookkeeping and paper work. It’s easy and works like magic.
I desperately needed a solution for my finance and bookkeeping tasks. My passion is fashion design not paperwork. I wanted someone to just take care of all the admin stuff. Sorting invoices, making payments, checking the bank, and communicating with my CPA. My tax advisor told me about SMACC. Now, I use the software and SMACC’s service to manage my finances. The paperwork is done and I get my numbers on a daily basis.
Best practice digital finance workflows and full transparency and control over my business.
I took over our small accounting department from my mother when I joined the family business. The quickly increasing number of invoices and payments which the team needed to handle as we expanded the business into new business models and internationally became really overwhelming. Our payment process was not in good shape. We lacked visibility over accounts payables and the processing of invoices was just way too slow. Overall financial management was more based on gut feeling than on numbers. SMACC offered a best practice digital workflow and it actually increased bill processing speed tremendously. The system freed up my finance team from manual bookkeeping so they could actually build up a good project controlling while providing me with real-time numbers. Cool stuff.
Automated invoice processing and digital workflows to increase efficiency and control.
Our finance processes are already largely digital. However, the manual workload especially in our purchase-to-pay workflows is large. SMACC’s artificial intelligence solution to extract data from invoices and to manage digital approval workflows reduced turnaround time and human error significantly. The solution integrates well with our existing finance solutions and was almost plug and play.
An outstanding digitization solution and efficient bookkeeping service for my clients.
Demand from clients for digital solutions to manage accounting and finance tasks constantly increases. In addition, digital business models post new challenges for manual processing of finance data. SMACC offers easy to implement digital workflows for my clients. The automated bookkeeping functionality and rigorous digitization of all financial documents and data reduces also our back office work a lot. The tool provides really good reports and connects all data from invoices, bank accounts, and accounting in a unique way. This is how real digitization feels like.