By integrating with your company’s existing accounting software, Groupit automates the allocations process by matching incoming transactions to a record of outstanding payments and receipts. Allocations can then be written back to the appropriate ledger.
A detailed and powerful suite of functions means that you can easily assess trends in spending and quickly identify amounts spent by specific departments or on particular resources.
Detailed categorisation of all incoming and outgoing revenue means that even incomplete payments, whether due to an administrative error or as a result of a partial payment, can be credited quickly and clearly to the correct account.
Unlike other solutions, our software is able to adapt organically from the actions of users - learning from manual matches and increasing the efficiency of the process over continued use.