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Isitu: Simplifying Financial Reporting for SMEs with IoT
Applicable Industries
- Cement
- Finance & Insurance
Use Cases
- Leasing Finance Automation
The Challenge
The founder of Isitu, Thomas Yeddou, identified a significant challenge faced by small and medium enterprises (SMEs) - understanding their financial situation. Many SMEs struggle to get a clear and precise vision of their finances, which can lead to uncertainty and lack of confidence with financial partners. This lack of clarity can also hinder the ability to plan and prepare for the future. The process of obtaining a complete financial statement of a company can be time-consuming and complex. Furthermore, Thomas, an ex-corporate banker, wanted to start his business and launch an app but had no knowledge about coding.
About The Customer
Isitu's primary customers are small and medium enterprises (SMEs). These businesses often struggle with understanding their financial situation, which can lead to uncertainty and lack of confidence with financial partners. They need a quick and easy way to get a clear and precise vision of their finances. Isitu provides this service, offering a complete financial statement in under 48 hours. The app is designed to be user-friendly, with clear explanations of what the service is, why it's beneficial, how it works, and how much it costs. The app also offers free content to help users understand corporate finance better.
The Solution
Thomas discovered Bubble, a no-code tool, and used it to create Isitu. Isitu is an app that simplifies the process of obtaining a financial statement for a company. Users simply need to provide their contact information and an accounting document, and Isitu will provide a complete financial statement in under 48 hours. The app is designed to provide a user-friendly experience with three main parts on the website that explain what the service is, why it's beneficial, how it works, and how much it costs. The app also offers free content to help users understand corporate finance better. Thomas plans to automate all the analysis on the website and create a profile for customers, so they can simply log in and automatically get their financial situation.
Operational Impact
Quantitative Benefit
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