Is your business still using paper checks to pay your providers? Symple wants you to step into the 21st century with this platform that rids you of check mailing & manual data entry, & even automatically extracts info from invoices to pay them as they come due.
Using the traditional paper check payment method can quickly become messy if you’ve got a lot of providers & supplies to juggle every month. With Symple you just snap a picture of each invoice or if you get an email invoice, just forward it to the platform.
Symple then extracts the relevant data like the invoiced amount, payment due date… & messages your business’s designated decision maker when a payment is due. Then, the go-ahead is given to make a bank transfer directly to your vendor’s account.
Symple is a recently seed funded Y Combinator startup based in California, USA & was co-founded by Steve Abraham. As Steve states in an article elsewhere, the take-up of Symple by vendors is a necessary part of the platform’s success since they have to sign up & provide their account info. He says that vendors have been very receptive & have been readily signing up because “at the end of the day, it will increase the speed and reliability of their accounts receivables.”
If you’re a provider, with Symple you can do things like track bills that were directly sent over the platform or were hand delivered to customers. You get conformations that deliveries were actually made & view the markup of the original paper invoice.
The platform also has a dashboard where your invoice activity is centered in one place & is accessible from anywhere. Payments can be tracked over time, you can see what payments are upcoming & which are overdue. You can even see a breakdown of categories to determine where your business is spending the most money.
- This is a startup profile based on publicly available material & not a review -
Image Credit: Symple
•Share This•
