DI2EM - Handling of digital receipts linked to expense management systems

Reference number
Coordinator FINDITY AB
Funding from Vinnova SEK 1 395 000
Project duration April 2019 - December 2019
Status Ongoing
Venture Innovationsprojekt i företag 2018
Call Innovationsprojekt i företag - hösten 2018

Purpose and goal

The goal of the planned project is to create a new service, DI2EM, that meets the demands of companies that require fully digitized processes to manage their employees´ expense reports. By linking Findity´s services for digital receipts and expense report management, we makeit possible to automate and digitize the entire process from an employee’s initial expense report to accounting and reimbursement via payroll. DI2EM gives Findity a unique position as the only vendor on the market that supplies both digital receipts and expense report management.

Expected results and effects

The expected result from this project: In short term: - Use existing partners as a sales channel - Sign new partner agreements with market key players - Increase potential customer base - Improve Finditys competitive situation - Grow the company and hire more employees In the long run: - Strengthen the Findity brand - Increased sales - Generate profit - Increase the value of the company - Give return to owners and staff Findity is also expected to increase the total turnover from SEK 21MSEK 2018 to SEK 197M 2022.

Planned approach and implementation

April 2019 Start-up & Planning Recruitment of resources, detailed planning, resource allocation, project start. May-Aug 2019 Access Delegation API and Protocol Sept-Oct 2019 API for registration of expense services from 3rd party. Receipt API - Electronic Receipt Nov 2019 Management of Receipt Services - Function for being able to edit the connection to the receipt service from the expense service as a consumer. Dec 2019 Verification & QA - Verification system. Test and quality assurance. Beta test at customer. The project completion.

The project description has been provided by the project members themselves and the text has not been looked at by our editors.