Revolution of Accounting

How accounting works in most companies…

Be it payment matching, invoice approvals or liquidity planning — these and other financial processes are central to everyday business operations. The current practice is, however, time and nerve consuming, not to mention error-prone: enormous ammounts of invoices and receipts are being piled up, and larger companies even hand out sign-off receipt folders around departments. At the critical moment, the mountain of documents has to be sorted, which often leads to a quest for missing receipts — related to night shifts at month end. Payment deadlines are missed, numbers are not there when you need them, and documents get lost.

…how accounting works with SMACC

SMACC has developed a solution for companies and tax consultants that handles these processes in a digital, efficient and easy way. Companies submit their documents as they arrive — by pressing a button on the customized scanner provided by SMACC, by email forwarding or even by taking a photo with their phone. From that moment on, all financial processes are digital and pretty much automatic. The documents are read, assigned and recorded. Examination and approval of invoices as well as payment run is digital and mobile from your smartphone or tablet PC. Payment checks, bank postings, monitoring of open items and dunning are also automatically handled by the SMACC platform. Companies have a daily track record of all invoices, receipts and liquidity.

For this purpose, all records and business informations are stored encrypted in German datacenters. Our accountants follow strict safety guidelines in all processes, so that the data cannot fall into the wrong hands. Therein lies our advantage over other providers in the market: SMACC customers have access to experienced financial accountants who answer their current accounting questions via e-mail, chat or phone.

The perfect solution for…

…every small and medium company that wants digital and efficient financial processes through the latest technology without much implementation effort. Our potential user base ranges from small customers looking for a flexible and inexpensive solution for their existing accounts, through growing businesses that desperately need better processes for further growth, to established companies that want to organize their processes in a modern and digital way.

…and tax consultants

SMACC has accountants as B2B partners who not only want to offer an efficient solution for their clients’ current accounts but also one that supports them in their daily business and creates financial transparency.