With Whizzer, SMEs gain access to critical informations very fast and get a friendly outlook on statement and annual financial report data.
We implement Whizzer with the support of Innovation Norway Romania (SMEs Growth Romania program via EEA & Norway Grants) total value EUR 740k, non-refundable: EUR 420k.
Main result:
An open source application (GPL v3 license) which offers SMEs financial operations as a service. A complex reporting tool which presents information about: balance sheet, salary payments, invoices, financial flows, accounts payable/receivable, cashflow reporting and forecast. The application can be hosted in cloud by a datacenter or an AISP entity, which provides the service to SMEs.
Until 2023 (compared to 2018) we will also obtain:
4 permanent jobs: one analist, one developer, one tester, one system engineer
Estimated turnover growth 28%
Estimated profit growth 66%.
Allevo partnered with Bakken & Baeck, a Norwegian based software boutique. Whizzer is built for SMEs with complex enough business to require automation, and insufficient resources to invest in big tech solutions.
Bakken & Baeck helped develop a reconciliation algorithm, used both in cash reporting and forecast, and in the accounts payable/receivable functionalities.
Functionalities:
-Balance sheet report
-Financial forecast: liquidity or balance sheet
-Salary payments
-Invoice management
-Financial flow automation
Accounts payable and accounts receivable.