Sway Finance (YC S16) Automates Accounting for SaaS Companies
1–10 of 18 posts
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#2Hey guys! One of the co-founders of Sway Finance here. We did a ShowHN a couple months ago when we had just built our Slackbot (https://news.ycombinator.com/item?id=11162283) and are excited to now be in YC and building more full-fledged financial products for businesses. Happy to answer any questions here!
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#3Hey guys! One of the co-founders of Sway Finance here. We did a ShowHN a couple months ago when we had just built our Slackbot ( https://news.ycombinator.com/item?id=11162283 ) and are excited to now be in YC and building more full-fledged financial products for businesses. Happy to answer any questions here!
Big fan of what you all are doing!
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#4Where does the machine learning come in?
The way article is written it doesn't even hint what the machine learning is being used for.
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#5Where does the machine learning come in? The way article is written it doesn't even hint what the machine learning is being used for.
We're using machine learning (supervised learning) to categorize transactions, generally expenses. We're using our users' past months' books as our training sets of correctly labelled data, so that we can use that data to train is really exciting for us!
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#6Hey guys! One of the co-founders of Sway Finance here. We did a ShowHN a couple months ago when we had just built our Slackbot ( https://news.ycombinator.com/item?id=11162283 ) and are excited to now be in YC and building more full-fledged financial products for businesses. Happy to answer any questions here!
Big fan of what you all are doing!
Thanks so much!
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#7Hey guys! One of the co-founders of Sway Finance here. We did a ShowHN a couple months ago when we had just built our Slackbot ( https://news.ycombinator.com/item?id=11162283 ) and are excited to now be in YC and building more full-fledged financial products for businesses. Happy to answer any questions here!
This looks great, and automated revenue recognition straight into Quickbooks is a great feature. Do you have a Braintree integration yet, or soon? The integration section suggests not quite yet...
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#8Where does the machine learning come in? The way article is written it doesn't even hint what the machine learning is being used for.
We're using machine learning (supervised learning) to categorize transactions, generally expenses. We're using our users' past months' books as our training sets of correctly labelled data, so that we can use that data to train is really exciting for us!
How is this better than what say Xero does for reconciliation?
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#9Hey guys! One of the co-founders of Sway Finance here. We did a ShowHN a couple months ago when we had just built our Slackbot ( https://news.ycombinator.com/item?id=11162283 ) and are excited to now be in YC and building more full-fledged financial products for businesses. Happy to answer any questions here!
This looks great, and automated revenue recognition straight into Quickbooks is a great feature. Do you have a Braintree integration yet, or soon? The integration section suggests not quite yet...
Glad to know auto revenue recognition is useful to you! Not yet, but Braintree is high on our list of integrations to build
Re: Sway Finance (YC S16) Automates Accounting for SaaS Companies
#10So, is it safe to say that you are providing a better rules engine than Quickbooks provides? What about all the other stuff - A/P, A/R, GL, Financial Reports etc?