Minerva is an AI-powered accounting platform that automates bookkeeping and tax filing for small and medium-sized businesses (SMBs). Minerva replaces manual accounting processes by instantly handling business accounting tasks at a fraction of the traditional cost, with oversight from human professionals.
How Does Minerva Work?
Minerva's platform uses artificial intelligence to streamline the full accounting workflow for businesses. The system automatically:
- Scans financial data from emails and WhatsApp messages
- Analyzes bills and receipts, even if they are unstructured or messy
- Categorizes transactions with high accuracy
- Reconciles activity across bank and credit card accounts
- Syncs accounting data to platforms like QuickBooks and Xero
- Manages accounts payable (AP) and accounts receivable (AR), including sending reminders
- Communicates with users to verify transactions and clarify details
- Maintains organized records for tax filing and compliance
- Performs routine accounting tasks automatically
- Provides a clear, real-time view into financials and allows users to chat directly about their data
While the majority of these processes are handled by AI, Minerva ensures accuracy through an expert accounting team that oversees all data processed by the system.
Who Uses Minerva?
Minerva is designed primarily for SMBs that want to simplify their accounting operations, reduce manual workload, and minimize errors. The platform is suitable for small business owners who may not have a dedicated accounting department, as well as for those seeking to automate routine financial management and focus on core business activities.
What Makes Minerva Different?
Minerva stands out by combining advanced AI automation with human oversight, ensuring both speed and accuracy in accounting. Its ability to ingest data from multiple sources—including email and messaging apps—and integrate directly with popular accounting software platforms provides a seamless experience for business owners. The chat feature for financial data access adds to its ease of use.
What Problems Does Minerva Solve?
Minerva addresses several pain points for SMBs:
- Reduces time and cost associated with manual bookkeeping and tax preparation
- Minimizes errors in transaction categorization and reconciliation
- Simplifies compliance and record-keeping for tax filing
- Enables businesses to access up-to-date financial insights quickly
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