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Trust AI to do
real-time bookkeeping accurately
What is Jack?
Meet Jack, your AI-powered bookkeeping agent. Jack is capable of extracting line-item accounting entries, assigning them to the correct GL and tax codes, and performing bank reconciliation functions.
Unlike traditional OCR technology, Jack learns from each previous transaction and better contextualizes the accounting treatment, allowing for more accurate extraction, faster processing, reduced manual review and providing real-time insights.
With Jack taking care of the time-consuming repetitive tasks, you can focus on providing more consulting and decision-making advice to your clients and internal finance teams. Using the latest AI technology, Jack is 10x faster and 4x cheaper than in-house bookkeeping and outsourced solutions.
Accounting Challenges in 2024
Scalability
Growing your practice and taking on new clients without increasing headcount.
Outsourcing vs In-House
Trying to balance speed, accuracy, costs and oversight without client work suffering.
Fee Pressures
Practice costs are increasing and clients are looking for lowers fees. Something has got to give.
Consulting and Advisory
Having access to real-time useful insights which really impact client decision making.
Team Upskill
In a fast-moving regulatory environment, not having enough time to train and teach your team.
Become an early adopter and find out how Jack solves these practice challenges
How Jack can help
Through speedy extraction and accurate accounting treatment, Jack removes repetitive daily tasks, reduces time spent reviewing and allows your team to upskill in real-time by providing reasons for decisions taken. More time can be spent on consulting and delivering valuable insights and scaling your practice without increasing headcount thanks to Jack’s AI powered technology, but at a fraction of the cost.
With Jack you can do:
Bookkeeping
Clients send Jack invoices by WhatsApp, Email Fetch or Slack, then extracts and reconciles 10 invoices every 3 minutes. Simply log in and validate Jack's work before sync or send to pay run.
Compliance
Jack acts like an insurance policy, checking identity, authority, budget, policy, laws and regulations in real-time for every transaction. This includes VAT and GL code compliance.
Payments
Q1 2025, send supply chain payments or reimbursements to Jack to be paid. Jack knows when a payment is intended to be paid on invoice arrival so is trained to detect and prevent financial fraud.
Who uses Jack?
Jack supports various types of businesses with differing needs. But there are two things things they all have in common: they are ambitious and future-focused. Whether you are a business owner, CEO, FD or accountant, Jack can help your company become more efficient starting now.
Solutions for Accountancy Firms
Jack acts as your firm’s individual client bookkeeper, with all the benefits of having an experienced employee with client specific institutional knowledge, but running 24/7 at a fraction of the cost. Each one of your clients will have their own Jack to work on their expense transactions. With Jack always learning on the job, watch the review time fall as accurate extraction and GL code mapping increases. Jack will revolutionise client budget management and automate time-consuming tasks like pre-payments, accruals and bank reconciliation. With more real-time expense data, Jack’s capabilities also ensure compliance and mitigate fraud and audit risks.
Do you want to learn more?
Solutions for SMEs
You don’t have to be an accounting practice to benefit from Jack’s AI capabilities. Jack can be positioned as part of your finance team so that monthly accounts get prepared faster, management packs and finance metrics become available in real-time. Jack allows you to keep your business transactions and data in-house, for a fraction of the cost and time taken to train a new hire.
Do you want to learn more?
Solutions for Startups
Getting the financials of a start-up right is key to securing funding and investment. Getting the underlying bookkeeping wrong can prove to be very costly and when funds are low, founders often can’t afford to outsource their entire finance function. As founders, you should be concentrating on building your business and turning your ideas into product. Bringing Jack on early will allow you to scale your fin ops process more accurately and with greater speed, ensuring that when your next investor wants to see your latest P+L, there are no delays.
Do you want to learn more?
How Jack works
Jack is a service accessed through a web based platform and paid for hourly. Let us set you up with a trial to see what it can do with your bookkeeping.
01
Send in invoices
Snap a photo and send it via WhatsApp, Slack or email — or let Jack monitor your email inbox to auto-retrieve it.
02
Review Jack's Extraction
Jack auto-extracts, ready for review, learning in real time after every review.
03
Publish to accounting platform
Sync the expense data and send the invoice directly to your accounting platform.
Jack’s backstory
Jack was initially conceived as a payment solution for companies that preferred to pay by purchase order (PO) but had suppliers who wanted to be paid by card. The co-founders, Nicolai and Tosin, met at an accelerator in London. However, transactional accounting teams considered this a nice-to-have feature rather than a necessity.
When the co-founders inquired about the most tedious and time-consuming tasks in accounting, there was a unanimous agreement: retrieving invoices from clients, manually reconciling half of the invoice, and chasing clients to pay their bills. This revelation led to a pivot in Jack's focus.
Now, Jack is designed to be readily available wherever your clients are already working and communicating – be it email, WhatsApp, Slack, or Teams. This integration makes it incredibly simple for clients to snap a picture of a receipt or invoice and send it in, streamlining the invoice submission and reconciliation process.
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Frequently Asked Questions
My client doesn't like changes in technology, how can you make this transition easier?
We designed Jack to integrate seamlessly with the platforms your clients already use. They can easily send pictures of invoices and receipts through WhatsApp. There's no need for a separate mobile app download. We also support Slack, email, and soon, Microsoft Teams.
How much does Jack cost?
Jack costs £21.60 per hour, billed in 30-second increments. There are no minimum monthly time requirements or long-term contracts, so you only pay for what you need. You can onboard every client and receive personalised reporting to know the cost of bookkeeping for each client every month.
Is Jack an alternative to outsourcing bookkeeping?
Yes, Jack works 10x faster and costs 3-4x less than outsourcing. By implementing Jack in your practice, you retain control of data and reporting consistency and can improve your EBITDA.
Can Jack be implemented now?
Yes, Jack is currently in Beta, which means we will work with you to implement and monitor Jack's initial training. You can join by booking a demo on our website, where we'll also verify that Jack can integrate with your practice apps and team.
What happens to my staff - does Jack replace them?
No, Jack handles 90% of the extraction, including line items, VAT, and account codes. Your team will validate Jack's work until trust is established. This will free up your team's time for client analysis and additional training, potentially fast-tracking their careers.
How does Jack help my practice make more money?
The time saved by your staff can be used in two ways: taking on more clients without increasing headcount, or fast-tracking your team's careers by allowing them to focus on higher-margin accounting and advisory work.
