Automated Accounting System mAccountant Automated Accounting System
REASONS WHY & CORE CONCEPT
During the past decade SME banking changed dramatically, SME accounting changed barely. 10 year period Low quality, table based internet banking Queues in branches Paperwork Mobile access & online processes Video advisory Smart branches BANKING 10 year period Paperwork & physical docs archives Queues in accounting office 9 to 5 accountant’s availability Paperwork & physical docs archives Queues in accounting office Basic on-line access ACCOUNTING Positive Indicator
mBank & CyberProductivity unique fusion revolutionizes SME banking in Poland Client’s business characteristic Card transactions Account balances & wire transfers Client’s payments patterns Automated accounting rules Social Security payments Client’s declarative data e-goverment integration KNOWLEDGE WORK AUTOMATION & MACHINE LEARNING Changes in cost structure Costs type correlations FUSION EFFECTS: 100 % AUTOMATIZED TAXES & SOCIAL SEC. CALCULATION AUTOMATED COSTS SUGGESTION ONE – CLICK INVOICE PAYMENTS PAYMENTS DUE UPDATES BASED ON BANK ACCOUNT INFLOWS AUTOMATED ASSISTANT
Thanks to Knowledge Work Automation mAccountant improves on all major customer pain points. USER EXPIRIENCE IMPROVEMENT: OBSOLITE INVOICE ISSUING PROCESS 1 „TWO-CLICK INVOICE” Was: Is: 1 min 10 s ON-LINE ACCOUNTING MANUALL INVOICE PAYMENT PROCESS 2 ONE CLICK & BATCH INVOICE PAYMENTS … Was: Is: 1 – 3 h 15 s DIFFICULTIES IN TAXES & SOCIAL SECURITY CALCULATION 3 100% AUTOMATIZED DECLARATION … Was: Is: 0,5 – 1,5 h 0 s FULLY ON-LINE CASH FLOW FORECAST BASED Was: Is: 0 s 0,5 h … DICCICULTIES IN CASH FLOW FORECASTS 4 … NO 24/7 ACCESS TO FINACIAL DATA & DOCUMENTS 5 100% 24/7 ON-LINE ACCESS UNDER ONE LOGIN Was: Is: 2 h OUTSOURCED ACCOUNT. 10 s Was: Is: 0 s 0,5 h … NEED TO MANAGE PAYMENT & DELCARATIONS DATES 6 „AUTOMATED ASSISTANT”
FEATURE SET PREVIEW & AUTOMATION BENCHMARKS
BANKING & ACCOUNTING USER INTERFACE UNIFIED, ONE CLICK ACCES FROM IB 1 BANKING & ACCOUNTING USER INTERFACE UNIFIED, ONE CLICK ACCES FROM IB
„QUICK INVOICE” ISSUED WITHIN TWO MOUSE CLICKS 2 „QUICK INVOICE” ISSUED WITHIN TWO MOUSE CLICKS Benchmark: mAccountant: 1 min 10 s
„AUTOMATED ASSISTANT”: UTILIZING MACHINE LEARNING TO PROVIDE CONTEXTUAL TASKS AND PREVENT CLIENT’S MISTAKES
„AUTOMATED ASSISTANT”: 3b „AUTOMATED ASSISTANT”: LIVE SEARCH SUGGEST INVOICE FORM BASED ON SEMANTIC INPUT. IT LEARNS WITH TIME.
„AUTOMATED ASSISTANT”: 3c „AUTOMATED ASSISTANT”: SYSTEM AUTOMATICALLY SUGGESTS ADDITIONAL COSTS BASED ON COSTS HISTORY & COMPANY’S CHARACTERISTIC. IT LEARNS WITH TIME.
FULLY AUTOMATIZED PAYMENTS DUE UPDATES BASED ON BANK ACCOUNT INFLOWS 4 FULLY AUTOMATIZED PAYMENTS DUE UPDATES BASED ON BANK ACCOUNT INFLOWS Benchmark: mAccountant: 0 s 0,5 h …
REMIND FORGETFUL COUNTERPARTY ABOUT EXPIRED INVOICES WITH REMINDER 5 REMIND FORGETFUL COUNTERPARTY ABOUT EXPIRED INVOICES WITH REMINDER (SMS & E-MAIL)