A collaboration announced late last week between a pair of Finovate alums will give small businesses new options when it comes to digital receipt and expense management.
Toronto, Ontario, Canada’s Sensibill, which won Best of Show for its FinovateFall demo of its digital receipt insights solution, has partnered with FreeAgent. The U.K.-based cloud accounting software company will combine Sensibill’s technology within its own new Auto Extract feature to help SMEs transition from manual expense management and receipt tracking to a modern, automated process.
“By joining forces with FreeAgent, we’re eliminating the time and money businesses have traditionally spent manually entering data into clunky and cumbersome spreadsheets and systems,” Sensibill Chief Technology Officer Danny Piangerelli said. “Instead, we’re delivering item-level details that enable faster, better expense management.”
Sensibill’s customer data platform blends ethically sourced, enriched SKU-level data with real-time, actionable insights to help FIs achieve personalization at scale. Integrated into FreeAgent’s Auto Extract technology, the technology enables businesses to capture, organize, and categorize their receipts digitally and accurately link them with corresponding bank transactions.
“Automation is at the center of our business,” FreeAgent co-founder and CEO Roan Lavery said, “which is why partnering with Sensibill was a natural choice.” Lavery added the collaboration will help increase satisfaction and engagement among customers while relieving SMEs and their accounting team from the “administrative hassles,” costs, and inaccuracies that plague most manual, expense management processes.
Founded in 2007 and making its Finovate debut in Europe in 2013, FreeAgent was acquired by NatWest five years later for $73 million (£53 million). The company currently has more than 110,000 small businesses, freelancers, and contractors in the U.K. using its technology for a variety of key business tasks – from invoice and expense management to project management and sales tax calculation.
With more than 60 million users across 150+ financial institutions in Canada, the U.S. and the U.K., Sensibill was founded in 2013 and has raised more than $50 million in equity capital. Founded by current CEO Corey Gross, the company has forged partnerships this year with fellow fintech CAARY, as well as with Maryland-based SkyPoint Federal Credit Union ($182 million in assets) and AbbyBank, a full-service community bank based in Wisconsin with assets of $616 million.
Photo by Karolina Grabowska from Pexels
A collaboration introduced late final week between a pair of Finovate alums will give small companies new choices relating to digital receipt and expense administration.
Toronto, Ontario, Canada’s Sensibill, which received Better of Present for its FinovateFall demo of its digital receipt insights answer, has partnered with FreeAgent. The U.Ok.-based cloud accounting software program firm will mix Sensibill’s expertise inside its personal new Auto Extract function to assist SMEs transition from handbook expense administration and receipt monitoring to a contemporary, automated course of.
“By becoming a member of forces with FreeAgent, we’re eliminating the money and time companies have historically spent manually getting into information into clunky and cumbersome spreadsheets and methods,” Sensibill Chief Know-how Officer Danny Piangerelli stated. “As an alternative, we’re delivering item-level particulars that allow quicker, higher expense administration.”
Sensibill’s buyer information platform blends ethically sourced, enriched SKU-level information with real-time, actionable insights to assist FIs obtain personalization at scale. Built-in into FreeAgent’s Auto Extract expertise, the expertise permits companies to seize, arrange, and categorize their receipts digitally and precisely hyperlink them with corresponding financial institution transactions.
“Automation is on the heart of our enterprise,” FreeAgent co-founder and CEO Roan Lavery stated, “which is why partnering with Sensibill was a pure alternative.” Lavery added the collaboration will assist improve satisfaction and engagement amongst prospects whereas relieving SMEs and their accounting staff from the “administrative hassles,” prices, and inaccuracies that plague most handbook, expense administration processes.
Based in 2007 and making its Finovate debut in Europe in 2013, FreeAgent was acquired by NatWest 5 years later for $73 million (£53 million). The corporate presently has greater than 110,000 small companies, freelancers, and contractors within the U.Ok. utilizing its expertise for a wide range of key enterprise duties – from bill and expense administration to challenge administration and gross sales tax calculation.
With greater than 60 million customers throughout 150+ monetary establishments in Canada, the U.S. and the U.Ok., Sensibill was based in 2013 and has raised greater than $50 million in fairness capital. Based by present CEO Corey Gross, the corporate has solid partnerships this yr with fellow fintech CAARY, in addition to with Maryland-based SkyPoint Federal Credit score Union ($182 million in property) and AbbyBank, a full-service group financial institution based mostly in Wisconsin with property of $616 million.
Picture by Karolina Grabowska from Pexels
