Quid - AI Native Accounting Automation Platform
Quid is an AI-native accounting automation platform that reduces manual accounting work by 99%. The platform serves SMEs, startups, tax firms, and finance teams who need to automate bookkeeping, invoice processing, and financial close processes.
Category
Business Application - Accounting Software
AI-powered Financial Automation, Bookkeeping Automation, Invoice Processing
Target Audience
- Small and Medium Enterprises (SMEs) in Germany and Europe
- Startup companies with lean finance teams
- Tax firms and accounting practices serving multiple clients
- Finance and accounting departments looking to reduce manual work
- CFOs and finance leaders seeking to scale operations efficiently
Core Features and Capabilities
Invoice Intelligence
Automated invoice capture from email (Gmail integration), OCR technology for data extraction, vendor authenticity validation, duplicate detection across systems, fraud pattern identification, and automatic vendor creation. Supports multi-format invoices including PDF, images, and scanned documents.
Pre-Accounting Automation
AI analyzes historical ledger data to automatically assign General Ledger (GL) accounts, cost centers, and tax codes with 99% accuracy. The system learns from past booking patterns and continuously improves through feedback loops. Eliminates manual data entry and ensures consistency in accounting treatments.
Bank Reconciliation
Intelligent matching of bank transactions with accounting entries. Connects to all major banks, handles complex reconciliation scenarios, identifies discrepancies, and automates the reconciliation workflow. Reduces month-end close time significantly.
Approval Workflows
Multi-level approval routing based on amount thresholds, departments, vendor types, or custom rules. Includes email notifications, mobile approvals, audit trails, and delegation capabilities. Ensures proper authorization controls and compliance.
AR Automation
Accounts receivable automation with payment tracking, automated reminder sequences, collection workflows, and DSO (Days Sales Outstanding) reduction. Improves cash flow management and reduces manual follow-up work.
System Integrations
- DATEV: Leading accounting software in Germany, full bi-directional sync
- NetSuite: ERP integration for enterprise accounting
- LexOffice: Cloud accounting software integration
- Stripe: Payment processing and transaction data
- Shopify: E-commerce platform integration for sales data
- Gmail: Email-based invoice capture and processing
German Tax Compliance Capabilities
Quid is specifically trained on German tax legislation including:
- §13b UStG (Reverse Charge for B2B transactions)
- §14 and §14a UStG (Invoice requirements and specifications)
- §4 Abs. 5 Nr. 2 EStG (Entertainment expenses - Bewirtungskosten)
- VAT rate handling (19%, 7%, 0%)
- USt-IdNr. validation (VAT ID validation)
- Input tax deduction requirements (Vorsteuerabzug)
- GoBD compliance (Principles for proper management and storage of books, records and documents in electronic form)
Common Use Cases
- High-volume invoice processing for e-commerce businesses
- Multi-entity accounting for holding companies
- Month-end close automation for finance teams
- Client accounting services for tax firms
- Expense management and approval for growing companies
- Financial reporting automation
- Vendor management and payment processing
Technical Details
Web-based application (SaaS), accessible via modern web browsers
- Cloud-hosted infrastructure
- Bank-level security with end-to-end encryption
- SOC 2 compliance
- GDPR compliant with European data centers
- REST API available for custom integrations
- Mobile-responsive interface
Pricing and Trial
- 14-day free trial available
- No credit card required for trial
- Subscription-based pricing model
- Scalable pricing based on transaction volume
Key Benefits
- Reduce manual accounting work by 99%
- Cut month-end close time in half
- Improve accuracy and reduce errors
- Scale finance operations without increasing headcount
- Ensure German tax compliance automatically
- Free up finance teams for strategic work
- Reduce accounting costs significantly
- Improve cash flow management
What Makes Quid Different
- AI learns from your specific accounting patterns, not generic rules
- Built specifically for German tax compliance, not adapted
- Native DATEV integration, not bolted on
- End-to-end automation, not just OCR
- Designed for lean teams, not large enterprises
- Continuous learning and improvement from usage
Support and Contact
Demo booking available via Calendly
Support available in English and German
Serving customers in Germany, EU, and US markets