Blog>News>More Than One Million People Use Receipt Bank to Process Paperwork

More Than One Million People Use Receipt Bank to Process Paperwork

21/10/2019

By

Digitising Firm

250 million financial documents submitted to digital bookkeeping platform


Receipt Bank – the world’s leading bookkeeping automation platform – has reached a new milestone, digitally processing over 250,000,000 financial documents to date.

The digital accounting platform has allowed 1.3 million people to snap, scan and save receipts, invoices and bank statements since launching.

The financial documents are stored safely and filed correctly for bookkeeper or accountant access to customers’ accounts. Receipt Bank works across platforms including Xero, Intuit QBO, Sage or even a simple spreadsheet.

Adrian Blair, Receipt Bank CEO, commented: “This is a huge milestone as we continue on our mission to make small business bookkeeping more powerful using machine learning. I’m delighted that more and more small businesses and their advisers are joining the Receipt Bank community.”

Receipt Bank is now used by 63,629 professional business advisers, serving hundreds of thousands of small and medium-sized businesses globally.

Brits have submitted more than 100 million financial documents to London-based Receipt Bank’s platform, awarding it the highest rating on the app store for bookkeeping apps.

One Receipt Bank business user commented: “I’m a Tour Operator. So you can imagine the amount of daily cash receipts. I started using receipt bank and I couldn’t have asked for a better solution to my problems. I simply snap, upload and it goes straight into my accounting system – just like that!”

Receipt Bank’s CEO Adrian Blair added: “Machine learning means that the more financial paperwork we process, the greater value we deliver for our customers. I’m excited by how we can genuinely transform businesses for the better by saving them time and helping them grow faster.”

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