Bluesheets wants to better manage financial data and workflows through its business automation platform – TechCrunch

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blue leavesa Singaporean AI-powered data-processing platform that enables financial automation for businesses, has raised $4m led by Insignia Ventures.

The latest funding, which brings its total raised to $5.7 million, will help Bluesheets expand use cases for its software and reach more companies in international markets. Since launching its SaaS product in September 2021, Bluesheets claims to have seen more than 10,000 automated company financial data on its platform.

Christian Schneider and Claire Leighton co-founded bluesheets in 2020 to address inefficiencies faced by businesses in consolidating, reconciling, and processing financial data. The co-founders saw the difficulties of workflow as operators while working at fast-growing companies like Rocket Internet, Foodpanda, and Uber APAC before launching bluesheets.

Bluesheets co-founder and CEO Schneider told TechCrunch that the pandemic-induced wave of digitization for businesses has been a significant tailwind in growing enterprise adoption. Still, there were no flexible platforms to meet the needs, especially for companies trying to consolidate offline and online data in Southeast Asia, Schneider said.

The company says most automation and integration platforms are still unable to fully digitize workflows due to fragmented technology stacks and the persistence of offline data records in processes. job.

“From the beginning, we designed our platform to be able to process all financial data with a complete product offering, allowing bluesheets to be a plug-and-play solution for any size. corporate or industry,” Schneider said. in his statement.

According to Schneider, Bluesheets differentiates itself by offering flexibility in all use cases and ease of integration for users. It offers a list of financial integrations (over 11 million so far) to a diverse suite of tools including Slack, Google Drive and WhatsApp, and NLP capabilities supporting over 75 languages ​​with over 100 million data points automated by its AI. , according to Schneider. It can also specialize in processing unstructured and offline data, which many companies still work with in Southeast Asia, Schneider added.

“Bluesheets users can leverage its platform to automatically process unstructured financial data from any source and in real time,” Schneider said. “Bluesheets already performs end-to-end processing through APIs, powerful classification algorithms, and machine learning techniques.”

The platform aims to provide a single solution for processing financial data, automatically connecting all their data sources to any destination so that staff can focus on higher value tasks and data availability. critical for decision making.

Bluesheets is currently focused on the South East market and will eventually expand globally to seven countries including Australia, South Africa, UK and US, CEO says of the company at TechCrunch.

“Within months of launch, Bluesheets validated its product across multiple verticals and rapidly expanded its base of paying users,” Samir Chaïbi, director of Insignia Ventures Partners, said in a statement. “Enterprises and SMBs use the Bluesheets platform to optimize how their data is ingested, normalized, and processed across hundreds of integrated platforms.”

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