Put Your Xero on Auto-Pilot
@ezzybills
Dr Michael Fitzmaurice cofounder, EzzyBills Dr Michael Fitzmaurice is the co-founder of EzzyBills, a new generation of ‘Smart’ Xero connected apps for invoice data processing.
Uploading bills, checking the data, filling in the account codes and approving supplier bills, are all the repetitive tasks that Xero users need to do on a routine basis. These tasks are time consuming and ongoing, a major pain point for accounting. But they are also perfect candidates for machine learning, which is a software system that uses data to adjust decision making rules. Michael Fitzmaurice, the co-founder and chief developer of EzzyBills technology, is determined to make your job easy. With Artificial Intelligence and machine learning, EzzyBills has captured the imagination of many Xero users and accounting service providers and is putting your Xero accounts on auto-pilot...
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I came across Xero when my family moved back to Australia after working in Silicon Valley for ten years. When consulting for businesses, I realised that small businesses desperately need technology to improve their business efficiency. Yet, they often lacked the funds to pay for customised software. The Xero ecosystem makes it possible for software companies to develop cutting-edge software for small businesses collectively, therefore individual business only pays a small fraction of the development cost.” EzzyBills made a big leap in technology with a system designed to process invoices like a person. It has been learning how to do so from over two million invoices and continues to learn each day. Therefore, EzzyBills asks no questions from a new user before processing your first batch of invoices. Machine Learning is the core of the EzzyBills invoice processing technology. 94 / Issue 15
Discover an Invoice Processing system that is simple to use The use of Machine Learning makes EzzyBills stand out among the crowded Xero add-on marketplace. The software is fast and accurate, having no rival in terms of the ability to extract line items with description. This is precisely why many accounting professionals are loving it. The simple user interface adds to the beauty of EzzyBills technology. It does not have long lists of user input and it does not need customisation to read line details. It takes 3 minutes to sign up a new account and process your first couple of invoices. “The truth is: the more a software does for you, the less you need to do.” said Michael from EzzyBills. “New Xero users discover and adopt EzzyBills every day. They find it easy to understand and appreciate the software as the software “thinks” in the same way as they do. As John Spensor, from ESMSL service, a Commercial and
Domestic Plumbers and Heating Engineers based in Middlesbrough, put it, EzzyBills is ‘A program with good service and common sense.’ When this level of simplicity is achieved by our software, we know we have done a great job.” Nearly all the invoices that EzzyBills process come automatically via email. Users forward their bills or sale invoices to their unique EzzyBills email address. Invoices may come in as an attachment, an in-body invoice or a hyperlink. If it is some spam or advertising material, they will be discarded. If it is a statement, order confirmation and remittance advices, they go through a different workflow - typically get stored and not processed. The invoice data is then extracted, and optionally approved by a project or office manager. Xero account codes and tracking categories are determined from your invoice history, and if you are using Purchase Orders, EzzyBills will automatically mark them as billed.
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