About
mAccountant Automated Accounting - strongest fusion of banking & accounting system ever developed to utilize Machine Learning and Knowledge Work Automation in bookkeeping automatization.
Innovation presentation
At mBank we believe that SME banking and accounting could be simpler and automatized to a great extent. This is why mBank launched its largest SME initiative till date.
mAccountant Automated Accounting - strongest integration of banking and accounting systems ever developed to utilize Machine Learning (ML) and Knowledge Work Automation to automatize bookkeeping, tax calculations and to provide contextual assistance.
Utilizing ML saves time - client gets back up to a week in a month spent on business, not paperwork. It also reduces cost of service which enabled us to offer significantly lower prices of bookkeeping.
mAccountant system is available in mBank’s internet banking, under one login with personal and business finances.
The core functionalities are:
• Automated Advisor - AI based system that learns client’s characteristic and automatizes settlements, document issuing and constantly reconciles books for mistakes that generate tax penalty risk
• Two-click invoicing that automatically monitors due status
• Running full accountancy by professional accountant with live view in IB
There are 4 on-line bookkeeping suppliers and one bank offering simplified invoicing, but no bank on Polish or Global market offers similar solution for SME customer.
Our broad inspiration included Google Inbox, Blackline and Intuit, but no specific inspiration exists.
mAccountant was created by large (50+) team form IT, UIUX, Business, Data Analytics and Marketing closely working with CyberProductivity S.A. – dynamic, most innovate Polish start-up, responsible for core the systems and knowledge work automation.
Since launch in 02.2016 almost 50% of SMEs that started with mBank opted for mAccountant.
Uniqueness of the project
mAccountant creates new quality on the market and disrupts current value proposition for SOHO in the areas of user experience, technology utilized and offer range.
User Experience:
It is the closest integration of bank and accounting/invoicing system ever developed, bringing coherent experience with unified user interface, available under one login. It leverages this close integration in invoice payments, due payments status monitoring and Automated Assistant.
Technology:
Thanks to Knowledge Work Automation (KWA) mAccountant reduces up to 80% of accounting work compared to of brick and mortar process and saves a week in a month of entrepreneurs time that can be invested in growing business. It’s the first service on the market to utilize KWA to such extend and offering it to SME customer.
Additionally KWA significantly reduces cost of service, which is mirrored in attractive pricing for the end user.
Offer range:
mAccountant is available in two bundles:
• “Start” which is available free of charge and allows SOHO customer to run accountancy herself, with all the benefits of Automated Assistant and Knowledge Work Automation. It’s the only solution on the market available free of charge.
• “Comfort” which allows to fully outsource accountancy with live preview within banking system and dedicated accountant that can be reached on-line.
mAccounant is the only service on the market that allows not only for simple invoicing, but running full accountancy within the internet banking system. – including tax and social security settlements, submitting government documents, live taxes calculation and on-line contact with dedicated accountant.
mAccountant is a core part of mBank’s value proposition for SOHO customer, generating new “reason to talk” in terms of acquisition and strengthening customer’s relation with mBank.
