Ongoing project for Renance — Automated Financial Services Oy in the Accounting industry for a B2B audience since 2014.Renance — Automated Financial Services Oy — Finnish startup from Espoo, occupied in automation of routine processes in financial services.Receiptcamera is an application that automates the process of expense claims compensation, including purchases for cash, per diems, mileage, and credit card bills.The traditional expense claims accounting requires a lot of paperwork and necessity to keep packs of receipts. It is not an employee-friendly practice. Accountants are not satisfied as well — receipts constantly get lost, therefore expenses are not fully covered with supporting documents.The Receiptcamera app records all corporate and accounting expenses via desktop or mobile interface and transfers them directly to responsible accountants.An employee takes a picture of a receipt through Receiptcamera, the app recognizes data and automatically adds the cost, VAT, cost centers and accounts in the expense claims form. The employee only needs to describe the expense and send the form to his accountant. The accountant verifies the form and approves the expense with one click. After that, the payment can be sent to the employee’s account automatically.Receiptcamera also tracks mileage and per diems, and connects the receipts to the credit card bills automatically. The app supports the electronic accounting system of Finland, Sweden, and Norway and integrates with Netvisor and Magenta e-invoicing platform.The scope of paperwork has decreased greatly, and the process of expense claims reimbursement has become 83% automated and three times faster. As a result, accounting costs have diminished up to 70%.
Ongoing project for Calcus.Com in the Marketing & Advertising industry for a B2B audience since 2017.Calcus.com is a Finnish advertising company specializing in content marketing and native advertising. They provide services to the top Finnish companies and produce hundreds of articles and videos annually.Calcus.Tech is a content marketing platform that automates the process of content distribution and delivery to media channels.Poor performance and low CTR of banner advertising make marketers look for more efficient promoting methods. Native advertising is successfully replacing annoying banners. Content marketing campaigns based on useful and valuable content show good results.Content marketing platforms like Calcus.Tech automate the process of content creation and delivery to a bunch of media websites. Inbuilt targeting and analytical tools increase the effectiveness of marketing campaigns.The Calcus.Tech platform allows to create and manage advertising campaigns for multiple clients through the user-friendly admin panel. A marketing manager uploads content - articles, images, or video - into the platform. There he customizes or personalizes it depending on targeting parameters. Targeting sets in terms of various parameters: demographic, geographic, behavioral, etc.The platform connects to media companies, which publish sponsored content on a paid basis. Content delivery is carried out automatically depending on campaign budget and targeting settings. On media websites, native ads look exactly like informational articles. Since sponsored content contains valuable information that matches current needs of the audience, it generates high engagement.The Calcus.Tech project is ongoing, therefore only technical achievements can be measured. At the moment the application processes up to 20K requests per minute, average response time makes up 1 ms.
Ongoing project for Renance - Automated Financial Services Oy in the Accounting industry for a B2B audience since 2017.Renance - Automated Financial Services Oy is a Finnish startup involved in automatization of routine operations in Financial Services. They provide applications for bookkeepers integrated with national accounting standards.Finance.Rocks is an accounting application aimed to simplify the daily routine of Finnish bookkeepers. The application automates the processing of purchase invoices from suppliers and other third parties.A bookkeeper must set an appropriate bookkeeping code - Expense/Asset Account - for every transaction in a company. To do that, he/she chooses the code from the list, and it takes a lot of time.The Finance.Rocks application uses historical data to predict a bookkeeping code of a transaction. Thus, a bookkeeper just approves an offered Expense/Asset Account value. The time for an invoice processing reduces twice.When a purchase invoice comes to a company Finance.Rocks analyzes data for the previous year. The application uses AI and Bayesian statistical methods. Then, the system generates an assumption of the Expense/Asset Account value. A bookkeeper accepts it and doesn’t spend time on searching the right code manually. The same process applies to Cost Centers - custom invoice groups used by bookkeepers. Furthermore, Finance.Rocks integrates with the NetVisor e-invoicing system. Thus, bookkeepers can download data from NetVisor and form standard and custom financial reports.At the moment, the application guesses the Expense/Asset Account value with 50% probability and classifies the Cost Center value with 90% probability.