Overview
Overview: RecordME is an AI solution that automates the process of accounting and Bookkeeping. It uses OCR (Optical Character Recognition) technology to extract data from invoices and bills, such as contact information, item details, and amounts. The extracted data is then classified into relevant categories, such as accounts payable and receivables, and entered into accounting software. Additionally, ERP users who want to automate their accounting process can use RecordME's open API to integrate it into their existing system.
RecordME is best for:
- Accountants who are working in bulk transactions and invoices.
- Small and Large business owners who want to get rid of the accounting hassles.
Benefits to the Users:
- Increased efficiency: Automates manual tasks, such as data entry, reducing the time and effort required for bookkeeping tasks.
- Improved accuracy: RecordME can reduce errors and inconsistencies in financial records.
- Real-time data analysis: Provides real-time insights into financial data, allowing for more informed and timely decision-making.
- Scalability: Handles an increasing volume of transactions and data as a business grows, without requiring additional manpower.
- Cost savings: Lowers the cost of bookkeeping by reducing the need for manual labor, freeing up resources that can be redirected to other areas of the business.
Recordme + Xero
RecordME integrates with Xero accounting software to automate the process of recording
- Quotations
- Invoices
- Bills
- Bank transactions
- Payments
It also enables you to easily set up a Chart of Accounts, contacts, and inventory items in Xero, and generate reports for better visibility and analysis of your financial data.
Getting started
The steps to connect RecordME with Xero are:
- Sign up for RecordME
- Go to the integration tab
- Click on Xero integration
- Login to Xero and select the desired organization
- The connection between, RecordME and Xero is now established.
You can then start generating requests.