Who made it
Founder Rahman Menon has 20 years’ experience in the software industry, including running his own software development business, YZM.
What the app does
Take a photo of your receipt via the app or send a digital receipt via email. It is then uploaded and recorded in your cloud inbox. Bookkeepers and accountants can then view and verify the details and publish it to MYOB or Xero. The solution also offers a white label option for corporate clients and financial institutes.
How did it start?
It all started last year when it was time to submit the BAS and I was going through a pile of receipts and bank statements to figure out various expenses in the last few months. I came to conclusion that there must be a better way to do this
-Rahman Menon
Where?
Available for free at EasyTrace.com.au, Apple iTunes, Android store or on Windows apps, with subscription charge (starting at $9/month) for additional services.
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Mr Menon has invested more than $100,000 in product development. He is currently seeking additional investors.
Size of market
The SME market, which accounts for $16 billion, or 9 per cent, of Commonwealth revenue.
Easy Trace is ranked #18 in BNiQ list of startups.
http://www.businessnews.com.au/Company/Easy-Trace
