📝 Overview
- Eliminate manual data entry with automated line-item extraction and GL coding from invoices sent via WhatsApp, Slack, or email
- Scale your bookkeeping operations without adding staff through AI-powered automation that handles increasing transaction volumes
- Maintain continuous regulatory compliance with real-time verification of VAT, GL codes, and financial regulations for every transaction
- Process transactions 10x faster than traditional bookkeeping using advanced AI that learns and improves with each transaction
- Detect and prevent financial fraud through automated scrutiny of payments and invoices arriving in your system
- Pay only for actual processing time with no monthly minimums or long-term contracts, reducing costs by 3-4x versus outsourcing
- Gain immediate strategic insights from real-time expense analysis and unusual transaction identification as they occur
⚖️ Pros & Cons
Pros
- Automates line-item extraction
- Automates GL coding
- Automates bank reconciliation
- Provides real-time insights
- Learns better contextualization of transactions
- More accurate extraction than OCR
- Frees up professionals for strategic roles
- Scales business operations without more headcount
- Oversight for compliance in transactions
- Complete transparency in real-time transactions
- VAT compliance and regulatory compliance
- Increased accuracy over time
- Flexible submission methods
- Real-time transaction validation
- Cost effective
- Serves a range of businesses
- Validates identity, authority, and budget
- Check policies, laws and regulations
- Integrated learning mechanisms
- 10x faster than in-house bookkeeping
- 4x cheaper than outsourced solutions
- Adapts and evolves across transactions
- Real-time improving accuracy of data
- Immediate regulatory compliance checks
- No requirement for extra headcount
- Uses customers existing platforms
- Extracts and reconciles 10 invoices in 3 minutes
- Trained in detection and prevention of financial fraud
- Multiple submission methods available
- Can be integrated into finance teams
- Customizable for startups, SMEs, and accounting practices
- Easy transition from traditional bookkeeping
- Stores and secures business transactions data
- Supports growth without new hires
- Low cost per hour operations
- Service accessed through web-based platform
- Web-service with hourly payment structure
- Integration with accounting platform
- Billed in 30-second increments
- Validates and improves manual review
- Internal finance teams consultation opportunities
- Compatible with WhatsApp, Slack, and e-mail
- Quick bookkeeping tasks execution
- Provides reasons for decisions for team upskill
- Sends processed invoices to the accounting platform
- Reviews and improves data extraction decisions
- Provides fraction of regular bookkeeping cost
Cons
- Limited integration options
- Only web-based service
- No mobile app support
- High hourly rate
- Over-reliance on human validation
- Limited functionality for large enterprises
- Potential loss of in-house control
- Not beginner-friendly
- Learning curve with real-time adaptation
❓ Frequently Asked Questions
Jenesys is an AI-powered tool that streamlines the practice of bookkeeping for enhanced efficiency and strategic decision-making. It employs an AI agent, Jack, which specializes in automating specific tasks like line-item extraction, GL coding, and bank reconciliation. The tool is designed to scale business operations without increasing staff count and serves as a cost-effective solution for streamlining bookkeeping processes.
Jack is the unique AI agent of Jenesys. He specialises in automating bookkeeping tasks such as extracting line items, assigning them to the correct GL and tax codes, and performing bank reconciliation functions. Jack learns from each transaction to improve the accuracy of future extractions and offer real-time insights.
Jack automates tasks like line-item extraction, GL coding, and bank reconciliation. Clients can send invoices to Jack through various platforms, including WhatsApp, Email Fetch or Slack. Jack then extracts and reconciles the invoices. It also handles tasks like checking for compliance in real-time.
Unlike traditional OCR technology, Jack incorporates a learning mechanism that enables it to adapt and better contextualize transactions for more accurate extraction. Every time a transaction is reviewed, Jack learns in real time, enabling it to contextualize the accounting treatment better. This leads to more accurate extraction, faster processing, and reduced manual review.
Jack provides real-time insights that can inform strategic decision-making. By processing and classifying transactions in real-time, Jack offers valuable data to help professionals make more informed strategic decisions. It helps businesses keep track of expenses, identify unusual expenses, and plan accordingly.
Yes, Jenesys is designed to scale business operations without increasing staff count. This is achieved through the automation of repetitive tasks like line-item extraction, GL coding, and bank reconciliations. Jack's efficiency allows businesses to take on more clients or handle more transactions without the need for additional manpower.
Apart from servicing accounting firms, Jenesys can also be beneficial to other types of businesses, especially SMEs, startups, and any other establishments seeking to make their bookkeeping efficient. It caters to businesses with different needs but a common focus on efficiency and future-orientation.
Jack acts like an insurance policy, checking identity, authority, budget, policy, laws and regulations in real-time for every transaction. It ensures compliance with VAT and GL codes, offering a comprehensive compliance oversight mechanism that extends to every transaction handled.
Using advanced AI technologies, Jack is proclaimed to be 10x faster than in-house bookkeeping and outsourced solutions. This speed is attained thanks to Jack's capabilities to analyze, process and reconcile transactions at an exceptional pace.
Jenesys presents a cost-effective solution by automating processes that would typically require significant manpower and time. Jack's capabilities allow him to operate much faster than a human, reducing the need for additional staff. This saves time and enables the allocation of resources towards strategic and high-value tasks, thereby increasing cost efficiency.
Jenesys contrasts with traditional outsourced bookkeeping solutions in terms of speed, cost, and control. Jack, the AI agent of Jenesys, is said to work 10 times faster and costs three to four times less than outsourcing. It also offers control over data and consistency in reporting while improving EBITDA.
Jack supports different types of businesses with varying needs. Some of the specific types of businesses that could gain more benefits from Jenesys and Jack include accounting practices, SME businesses, and startups. It caters to those striving to streamline their finance operations effectively.
Jenesys ensures real-time transaction verification through Jack's automation capabilities and integration. Jack is designed to oversee compliance, verifying factors like identity, authority, budget, policy, laws, and regulations in real time for each transaction, thereby facilitating timely validation and processing.
Yes, there is a learning curve for Jack but it serves to the advantage of the user. As Jack works on transactions, he learns from each one, thereby allowing for better contextualization and improved accuracy in subsequent extractions. This machine learning mechanism allows Jack to continually improve in performance and efficiency as he processes more transactions.
Jenesys, through its AI agent Jack, delivers real-time insights by analyzing and classifying transactions as they occur. It can identify unusual expenses quickly, providing valuable insights that can inform decisions. These insights become available in real-time, allowing speedy action and strategic decision making.
Yes, Jenesys can assist with regulatory compliance. Jack checks every transaction against laws and regulations in real time, ensuring compliance with VAT and GL codes. This state-of-the-art compliance oversight helps detect inconsistencies, ensuring that all transactions abide by the necessary regulatory guidelines.
Jack, the AI agent of Jenesys, assists in line-item extraction and GL coding by automating these tasks. He is capable of extracting accounting entries from line items, assigning them to the correct GL and tax codes, and reconciling them with the bank details.
In Jenesys, invoices can be submitted either by taking a photo and sending it via WhatsApp, Slack or email or letting Jack monitor your email inbox to auto-retrieve it. Jack then auto-extracts the data for review, learning in real-time after every review.
Jenesys is considerably cost-effective compared to hiring a full-time bookkeeper. Users are only billed based on the time Jack spends working on a transaction, with no minimum monthly time requirements or long-term contracts. This hourly payment model translates into substantial cost savings compared to maintaining a full-time bookkeeping staff.
Jenesys can assist in preventing financial fraud. Starting Q1 2025, users will be able to send supply chain payments or reimbursements to Jack for processing. Jack has been trained to detect and prevent financial fraud, thanks to his ability to scrutinize every payment and the related invoice upon arrival.
Apart from servicing accounting firms, Jenesys can also be beneficial to other types of businesses, especially SMEs, startups, and any other establishments seeking to make their bookkeeping efficient. It caters to businesses with different needs but a common focus on efficiency and future-orientation.
Jack acts like an insurance policy, checking identity, authority, budget, policy, laws and regulations in real-time for every transaction. It ensures compliance with VAT and GL codes, offering a comprehensive compliance oversight mechanism that extends to every transaction handled.
Using advanced AI technologies, Jack is proclaimed to be 10x faster than in-house bookkeeping and outsourced solutions. This speed is attained thanks to Jack's capabilities to analyze, process and reconcile transactions at an exceptional pace.
Jenesys presents a cost-effective solution by automating processes that would typically require significant manpower and time. Jack's capabilities allow him to operate much faster than a human, reducing the need for additional staff. This saves time and enables the allocation of resources towards strategic and high-value tasks, thereby increasing cost efficiency.
Jenesys contrasts with traditional outsourced bookkeeping solutions in terms of speed, cost, and control. Jack, the AI agent of Jenesys, is said to work 10 times faster and costs three to four times less than outsourcing. It also offers control over data and consistency in reporting while improving EBITDA.
Jack supports different types of businesses with varying needs. Some of the specific types of businesses that could gain more benefits from Jenesys and Jack include accounting practices, SME businesses, and startups. It caters to those striving to streamline their finance operations effectively.
Jenesys ensures real-time transaction verification through Jack's automation capabilities and integration. Jack is designed to oversee compliance, verifying factors like identity, authority, budget, policy, laws, and regulations in real time for each transaction, thereby facilitating timely validation and processing.
Yes, there is a learning curve for Jack but it serves to the advantage of the user. As Jack works on transactions, he learns from each one, thereby allowing for better contextualization and improved accuracy in subsequent extractions. This machine learning mechanism allows Jack to continually improve in performance and efficiency as he processes more transactions.
Jenesys, through its AI agent Jack, delivers real-time insights by analyzing and classifying transactions as they occur. It can identify unusual expenses quickly, providing valuable insights that can inform decisions. These insights become available in real-time, allowing speedy action and strategic decision making.
Yes, Jenesys can assist with regulatory compliance. Jack checks every transaction against laws and regulations in real time, ensuring compliance with VAT and GL codes. This state-of-the-art compliance oversight helps detect inconsistencies, ensuring that all transactions abide by the necessary regulatory guidelines.
Jack, the AI agent of Jenesys, assists in line-item extraction and GL coding by automating these tasks. He is capable of extracting accounting entries from line items, assigning them to the correct GL and tax codes, and reconciling them with the bank details.
In Jenesys, invoices can be submitted either by taking a photo and sending it via WhatsApp, Slack or email or letting Jack monitor your email inbox to auto-retrieve it. Jack then auto-extracts the data for review, learning in real-time after every review.
Jenesys is considerably cost-effective compared to hiring a full-time bookkeeper. Users are only billed based on the time Jack spends working on a transaction, with no minimum monthly time requirements or long-term contracts. This hourly payment model translates into substantial cost savings compared to maintaining a full-time bookkeeping staff.
Jenesys can assist in preventing financial fraud. Starting Q1 2025, users will be able to send supply chain payments or reimbursements to Jack for processing. Jack has been trained to detect and prevent financial fraud, thanks to his ability to scrutinize every payment and the related invoice upon arrival.
💰 Pricing
Pricing model
No Pricing
