Re1

Receipt Camera

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%.

Application
Mvp dark

Duration2 months

Timeline dark

TimelineIn development

Brain dark

Amoniac team5 Brains

Location dark

LocationHelsinki, Finland

Testimonials

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Fredrik Teir

CEO and Founder

When the Amoniac guys contacted me, I had the prototype that didn’t work as I expected and a lot of ideas to implement. We reached an understanding, and they allocated the development team for my project, which was really comfortable to work with. The guys re-wrote my mobile app and wrote specs on the existent code. They helped me filter and prioritize my insights and then developed new features. Now my app works as I want. I like the guys for their flexibility and openness for new ideas and suggestions. Always a pleasure to work with pros.

Amoniac involvement

Amoniac has adopted the project with basic functionality and moved through production to deployment and support of the working web platform and mobile app.
The team realized Ruby on Rails back-end, Backbone.js-based front-end
in the form of Single Page Application, and several important Integrations with third-party services like Netvisor and Maventa.
The project is still ongoing: we are expanding functionality and adding new integrations.

Inv back
Back-End
3 Ruby developers
Inv front
Front-End
1 HTML coder
Inv system integration
QA
1 Manual QA

Technologies

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1ee09cc5 74d0 4b35 aad8 876ff4e6071b84b85d2c f89a 4209 89ea 95b4adc1ad8c0ffc6929 9d41 49c1 9139 7ac924133abc56776c69 0818 4f32 af79 1753c0e969b1

Integrations

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Achievements

Ach amount

1000receipts per day

Ach high load

100000receipts processed

Na

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Brain white

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Mvp white

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Location white

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Am

Amoniac

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