Prosaic App
Expensify
Dext
Kirmada
Spendesk
Expensify
Fyle
Abacus
webexpenses
Bill.com
Ariba
Zoho Expense
Prosaic is a revolutionary tool designed to streamline and optimize the accounting process for business owners. It addresses the problem of tracking and claiming tax deductions for transactions that are not typically captured in business accounts, such as home office expenses, travel costs, software purchases, and industry-specific expenses. These often overlooked transactions can add up to significant tax deductions. Prosaic automates the process of identifying, tracking, and claiming these expenses, by automatically finding them from their personal bank, credit card and mortgage accounts, then using GPT to identify and calculate comon deductions, reducing the burden on business owners and ensuring they take full advantage of potential tax savings. It integrates seamlessly with existing accounting software and uses artificial intelligence to navigate the complex world of tax deductions. Prosaic simplifies accounting, ensuring no deduction opportunity goes unnoticed.
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Prosaic App's answer
We leverage open banking technology and generative LLMs to help users discover and classify tax deductible expenses from personal banking data.
Prosaic App's answer
because it is intuitive, user friendly, and solves a common problem in a novel way
Prosaic App's answer
accountants and book keepers who work with large numbers of clients, and don't like to spend time chasing them for random tax deductions
Prosaic App's answer
The founders were early employees at a successful startup Vend, and later worked at Xero and Vend. They have been using accounting software for over a decade but this was one of the last manual processes in an otherwise automated workflow. So they designed the product to solve their own needs, then recognised an opportunity to solve it for others too
Prosaic App's answer
AWS, Open Banking, OpenAI
Prosaic App's answer
We're early stage, but already winning some medium sized accounting firms in New Zealand
Expensify - Import expenses directly from a credit card to create free expense reports quickly. Approve reports online and reimburse directly to a checking account with one click.
Dext - Receipt Bank converts key information from your bills, receipts and invoices into data you and your company can use! No obligation Free Trial available.
Fyle - Track expenses across devices on-the-go and maintain a central repository. With custom approval flows, automatic policy violation detection and an automated audit trail, be audit-ready at all times!
Kirmada - Work easier and boost your revenue and profits with Kirmada. This is how Workspaces are *meant* to be! Efficient, time-tracked, socially integrated and shareable. All with no learning curve.
Abacus - Expenses without the 'expense report'