All payment accountsSMACC integrates with all your payment accounts to automatically match payment transactions to your invoices and receipts. Simply connect your bank accounts, payment service providers, credit cards as well as your Amazon Marketplace or eBay account. Our self-learning algorithms identify the matching invoice, create up-to-date open positions overviews and do the accounting.
Automated matchingOur smart matching algorithms reliably identify corresponding invoices and receipts to the payment transactions in your payment accounts. The system identifies unclear transactions and missing receipts on an ongoing basis allowing you to keep your accounting up-to-date. No more last minute document hunts before tax filings are due. Our financial professionals support the process making sure that nothing gets lost or remains unmatched.
Bank accountingBased on your payment transactions and the matching accounts receivable and accounts payable information SMACC’s system automatically generates the corresponding accounting information. Interest payments, FX charges and deviations, subscriptions as well as other recurring obligations can be easily processed by SMACC’s software.
Easy collaborationSometimes transactions cannot be matched automatically. Invoices maybe missing, payments are due to contractual obligations that are not digitized with SMACC or relate to other continuing obligations. Resolution of unclear payments is one of the most time consuming tasks when preparing accounting and tax filings. SMACC offers various solutions to easily collaborate with your accountant and tax adviser to resolve unclear payments through e-mail notifications, in-app chat or simply on the phone.
“Payment matching and accurate bank accounting is a challenge for my clients in e-commerce. Reconcilling payments and invoices over multiple payment accounts is very time consuming. SMACC automates most matching saving hours of manual work.”
– Tax Advisor, Mid-sized tax agency
Complete digitisation of your finances
SMACC enables you to fully digitize your financial management. Use the SMACC Scanner, forward e-mails to your SMACC inbox, snap pictures of your receipts or use our direct import options to transfer your financial documents. Our proprietary technology recognizes all relevant data, classifies your documents automatically and organizes them digitally in our secure SMACC cloud. You have all your financial document at your finger tips anytime and from every device no matter where you are. Our smart search engine helps you find every invoice instantly.
Combine artificial and human intelligence
We are a technology leader in the field of artificial intelligence (AI) and machine learning. Our propitiatory technology enables our software solutions to instantly extract and classify a rich data set from financial documents and to automatically process invoices and receipts. The strength of our software solutions lies, however, in combing expert knowledge from financial accountants and tax advisers to assess specific business events with our automation technology. We work closely with financial professional enabling them to deliver the best possible work results, insights and client advice.
Boost efficiency through automation
With SMACC your organization can reduce the cost of paper based processing, significantly increase processing time of financial documents, and reduce manual data entry tasks to a minimum. Our clients reduce the cost of their financial management by up to 80% while increasing data quality and availability of financial information to manage their business. Our software solutions are easy to implement. Setup and on-boarding usually take to 2-3 weeks in close coordination with client’s tax advisers.