What is Approveit?
Approve bills right in Slack or Microsoft Teams, automate vendor onboarding and stay on top of contract renewals. Approveit saves time, and enhances financial control with seamless integrations to Bookkeeping Systems, ERPs and Task Managers.
Problem
Businesses face difficulty in streamlining the approval process for vendor contracts and bills, leading to inefficiencies and lapses in financial control. The difficulty in streamlining the approval process results in time-consuming operations and potential for error.
Solution
Approveit acts as a dashboard tool integrated within Slack or Microsoft Teams to automate vendor onboarding, approve bills, and manage contract renewals. It connects seamlessly with Bookkeeping Systems, ERPs, and Task Managers to enhance financial control and save time.
Customers
The primary customers are business managers, finance teams, and procurement professionals within organizations of various sizes who are looking for an efficient solution to manage vendor contracts and bill approvals directly within their communication platforms.
Unique Features
Integration with Slack and Microsoft Teams for bill approval and vendor management directly within the communication platform, seamless connectivity with bookkeeping systems and ERPs.
User Comments
The product significantly reduces administrative overhead.
Streamlines the approval process effectively.
Integrates well with existing systems.
Improves financial control within organizations.
High user satisfaction with the ability to handle vendor management in a centralized location.
Traction
Information on specific metrics such as the number of users, MRR, or recent funding rounds is not readily available. Further, detailed market analysis or direct inquiry might be necessary to acquire precise data.
Market Size
The global market for financial management software, which Approveit is a part of, is expected to reach $19.3 billion by 2025.
