16.03.2018
FinLab AG DE0001218063
FinLab AG: FastBill and Kontist launch the 'smart financial assistant' and offer the world's first live synchronization tool between an accounting and a banking solution
DGAP-Media / 16.03.2018 / 11:30
Frankfurt am Main, March 16, 2018 - FastBill, a portfolio company of FinLab
AG (ISIN: DE0001218063; Ticker: A7A.GR) and Kontist initiate a partnership
to offer the world's first real-time integration of a bank account into an
accounting tool, especially for self-employed users. The service further
includes a scan app as well as the automated creation of liquidity reserves
for tax liabilities. Thereby, the two startups strengthen their positions as
pioneers for digital accounting and facilitate processes for their customers
significantly. FastBill, a market leader in SaaS solutions for financial
management, has broadened its reach by partnering with Kontist and securing
a banking partnership.
The FastBill scanning app sends a reminder to archive the invoice when
paying with Kontist's Mastercard
The collaboration between FastBill and Kontist accelerates everyday
accounting duties. Payments, which are processed with the Kontist Mastercard
are synchronized to FastBill where they are matched to the according
expenses. The new scan app by FastBill allows the scanning of receipts and
invoices via photos and the immediate allocation to the corresponding
accounts. The integration of both tools frees up as much as an entire day of
work per month. All advantages at a glance:
* Bank transactions are matched to invoices and receipts immediately and
automatically.
* Comfortable storing of receipts and invoices via the new FastBill
scanning app on smartphones. A fully automated push notification
reminder supports the user in maintaining the invoices.
* Kontist matches the receipt and invoices from the FastBill accounting
software to the corresponding payment streams automatically.
* In order to optimize liquidity assessments, Kontist calculates the share
of VAT and income tax on the invoices and receipts and automatically
creates liquidity reserves.
* The manual and delayed matching of a transaction to the receipt, to the
invoice and to credit card history is now obsolete.
"After the creation of online banking over 35 years ago, we are taking new
steps today to offer entrepreneurs and freelancers a simple and
time-effective solution for the matching of invoices to transactions.
Customers get rid of the tedious tasks and are offered real time insights
into their business finances. We do not want to be an administrative tool,
but rather want to establish our products as active support in the everyday
work life - that is our product and service ambition," said René Maudrich,
Founder and CEO of FastBill.
The synchronization between FastBill and Kontist is two dimensional.
Consequently, all invoices from the FastBill accounting and finance software
are available to Kontist, and are immediately matched. "Imagine: While
paying a taxi bill with your credit card, your cell phone reminds you to
scan the invoice. The bill is uploaded directly into the accounting software
and done!" explains Christopher Plantener, Founder and CEO of Kontist.
FastBill already offers the possibility to its clients to detect
transactions from third-party bank accounts. However, this new cooperation
is a groundbreaking step towards achieving the highest customer satisfaction
and a more amiable user experience.
Pictures and Videos:
Video teaser (0:44Min): https://www.youtube.com/watch?v=YA3BoNa4FHY
Video extended (1:30Min): https://www.youtube.com/watch?v=9IGnZGkSwZI
Images: https://files.fastbill.com/index.php/s/4R0yRB2k7sTIBRn
About FastBill GmbH
FastBill GmbH is a pioneer in web-based financial management for small
businesses and the self-employed. With its SaaS solution "fastbill.com", the
company offers a platform to manage financial documents and data in one
place, as well as interfaces suitable for data exchange with tax accountants
and related services. FastBill combines invoicing, real-time banking and
assistant services in one simple user interface. This hands-on solution
helps clients always keep track of their liquidity, receive payments faster
and get their accounting done automatically. FastBill's foundation is an
internally-developed platform technology with a high degree of automation.
Machine learning algorithms also provide for intelligent data analysis and
smart assistant services. All data is processed and stored in high-security
data centers in Germany. FastBill was founded in 2011 and currently employs
42 people.
Press contact FastBill GmbH:
René Maudrich
[email protected]
http://www.fastbill.com
Tel: +49 69 348 772 913
About Kontist GmbH
Kontist (https://kontist.com) is Germany's first banking solution tailored
to freelancers and entrepreneurs. A seamless handling and top-notch user
experience is achieved through a straightforward registration process on the
mobile app as well as the automated creation and managing of business and
tax accounts, such as: VAT, income tax, and input tax. The Kontist
application grants real independence to entrepreneurs and allows a real-time
overview of income, expenses and taxes. The Kontist GmbH was founded in
Berlin in 2016 and entered a partnership with the solarisBank for the setup
of bank accounts and with the Wirecard Bank AG for the issuing of the
Kontist Mastercard. The team consists of 23 employees, who share a history
of freelancing, and thus developed the product to match freelancer's needs.
Press contact Kontist GmbH:
Inga Clausen (Head of Communications and PR)
[email protected]
https://kontist.com/integrations/fastbill
Tel: +49 (0)1522 7978987
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A.GR) is one of the first and largest company builders and
investors focused on the Financial Services Technologies ("FinTech") sector
in Europe. FinLab focuses on developing German FinTech startups and
providing venture capital for their financial needs, whereby in each case
the aim is a long-term participation and ongoing support of the investment.
FinLab also invests globally, as part of venture rounds, in FinTech
companies, primarily in the USA and Asia.
Press contact FinLab AG:
[email protected]
http://www.finlab.de
Phone: +49 69 719 12 80 0
End of Media Release
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Issuer: FinLab AG
Key word(s): Enterprise
16.03.2018 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Archive at www.dgap.de
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Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: [email protected]
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Stuttgart, Tradegate Exchange
End of News DGAP Media
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