Amazing that a) this deals with something very commonly encountered in all businesses and b) someone took considerable time to make the web page BUT...
I have no clue what this service does. None!
Are these invoices that the user's business _sends_ ? ( hence this is some form of AR management application)
or are these invoices received by the user's business ? (hence an AP management application)
In either case, surely the business is already using some sort of accounting software and therefore what does this service do that regular Quickbooks doesn't do?
And finally: who sends or receives thousands of invoices per month and doesn't already have some decent management and reporting systems in place?
fwiw I worked on a startup that (I think, because we were solving the problem alluded to on the site of making sense of arbitrarily formatted business transaction documents) was trying to do the same thing about 15 years ago. We were targeting big corporations dealing with high-value invoices with a broken AR/AP process. It didn't end well, I think in part because there isn't a good value proposition here. It has to be "you'll get paid much sooner" or "fewer invoices will end up unpaid". Just being "nicer" or "easier" doesn't cut it.
You'd do well to have that above the fold. Your screenshot takes up a ton of space, but looks like a generic admin screen, and it's not really information dense. The trendy backspace and type thing helps a little, but aside from that, the only thing I see on a 1920x1080 that convinces me to go further is one line "All your invoices in one place by simply forwarding your emails". I'd recommend pushing the UI candy down and pulling more of the FAQ etc up.
Obviously early stage (guess there are things to be polished) but I think it would be useful. I've looked for a simple SaaS AP solution without all the complexity of some of the advanced solutions.
(semi-related; anyone has tips on other good SaaS AP services?)
Some suggestions:
- Make it clear on the website that this is AP, not AR (if that's the case).
- Offer the first ~100 invoices for free (regardless of the plan)
- I'd look at a stripe integration for automatic payment (if possible, not sure that it is). Otherwise look at exporting 'bank files' that banks in most countries can import (basically a pre-generated of transactions, uploaded then verified and signed on the bank website).
- Most companies will probably want an approval chain for invoices based on the company hierarchy, invoice amount, etc.
I'm very interested in learning more about this project! Would I be able to email you at frits@progresso-ict.nl (from the website), or is there a different way you'd prefer to take questions? This is super impressive, well done!
Integration with bookkeeping software is definitely on my list of to-do's, but the details of that have yet to be determined. In the mean time, the excel/csv export can be used to import processed invoices in bulk.
Email is indeed the way to go for the moment. You can however attach multiple files at once, so composing an email with your PDF collection does the trick.
Hmm... initial data scanning seems limited. Only amount, vendor and invoice number. PO number strikes me as a key missing field but was hoping for full Invoice scanning.
Thanks for the clarification. From my albeit perhaps restricted vantage point, a business that is both so small that it doesn't have an AP staff, but large enough that it has volumes of invoices, is a bit of a corner case. Could you give us more insight into what leads you to have such large numbers of invoices relative to your human count?
For a while I thought you might mean "receipts" rather than "invoices", as in retail transaction paper receipts. But then I remembered you deal with submission by email which seems inconsistent with a paper receipt flow.
Your pricing is way too cheap, and makes it hard to take seriously. As a business, there is no difference between $5 and $15 per month (and if someone tells you differently, you don’t want their business).
19 comments
[ 3.4 ms ] story [ 38.1 ms ] threadI have no clue what this service does. None!
Are these invoices that the user's business _sends_ ? ( hence this is some form of AR management application) or are these invoices received by the user's business ? (hence an AP management application)
In either case, surely the business is already using some sort of accounting software and therefore what does this service do that regular Quickbooks doesn't do?
And finally: who sends or receives thousands of invoices per month and doesn't already have some decent management and reporting systems in place?
fwiw I worked on a startup that (I think, because we were solving the problem alluded to on the site of making sense of arbitrarily formatted business transaction documents) was trying to do the same thing about 15 years ago. We were targeting big corporations dealing with high-value invoices with a broken AR/AP process. It didn't end well, I think in part because there isn't a good value proposition here. It has to be "you'll get paid much sooner" or "fewer invoices will end up unpaid". Just being "nicer" or "easier" doesn't cut it.
Obviously early stage (guess there are things to be polished) but I think it would be useful. I've looked for a simple SaaS AP solution without all the complexity of some of the advanced solutions.
(semi-related; anyone has tips on other good SaaS AP services?)
Some suggestions:
- Make it clear on the website that this is AP, not AR (if that's the case).
- Offer the first ~100 invoices for free (regardless of the plan)
- I'd look at a stripe integration for automatic payment (if possible, not sure that it is). Otherwise look at exporting 'bank files' that banks in most countries can import (basically a pre-generated of transactions, uploaded then verified and signed on the bank website).
- Most companies will probably want an approval chain for invoices based on the company hierarchy, invoice amount, etc.
I'm very interested in learning more about this project! Would I be able to email you at frits@progresso-ict.nl (from the website), or is there a different way you'd prefer to take questions? This is super impressive, well done!
For a while I thought you might mean "receipts" rather than "invoices", as in retail transaction paper receipts. But then I remembered you deal with submission by email which seems inconsistent with a paper receipt flow.