TL;DR

Tabular uses AI to automate the core workflows of accounting firms, starting in Europe. We generate zero-touch bookings on top of existing accounting software. This involves a range of tasks like classifying documents, determining VAT filings and selecting the correct booking accounts.

Problem: manual work x acute labour shortage

Our customers use Tabular to save time on manual tasks, helping them address the acute labor shortage. Much of SMB accounting is still done by hand, but every second accounting firm has unfilled positions, causing them to lose out on revenue. Customers tell us they reject 5-10 new clients every week and have to drop existing ones whenever a bookkeeper retires.

Why now? LLMs are a game changer for accounting

For the first time, LLMs allow us to offer a step change in automation, reducing the time it takes to do an SMB’s book from hours to minutes. Previous generations of AI struggled with the highly variable and unstructured nature of SMB accounting data – but LLMs excel at precisely these tasks. Their ability to ingest large amounts of context about the nature of the business and transaction at hand, allows them to accurately reason through the many small accounting decisions required for every invoice.

Solution: Accounting Autopilot

Our first product is an accounts payables autopilot sitting on top of incumbent accounting software.  Users bulk upload hundreds of invoices. We sort through the documents, analyse the tax situation, and generate finished bookings. After reviewing edge cases, users export the books with just one click. Our product is already saving time for accounting firms in Germany:

As a modern firm, we need to use the most innovative software. Tabular saves us hours each week by automating split receipts and complex wholesaler invoices from the very first use.

- Tim Kieserling from HeyTax, a 40-person firm

Team

Leo –  previously cofounded Hive. As CTO, he helped build an all-in-one e-commerce operations software that reached 8-digit ARR. The company has raised more than $60M from investors including Tiger Global. He studied computer science at ETH Zürich and has worked as an ML Engineer.

Kilian - launched tax filing products in two new markets at Taxfix (Index, TGV) as a product manager and was employee #1 at genova.ai, a B2C AI product studio. He studied at Williams College and Oxford.

Tim - launched and scaled automation for the same customer group before. At Taxfix, he built the “Tax Advisor Product Vertical” as GPM from 0 to multiple million ARR in under 12 months, by automating income tax filing for tax advisors. Now, he has set out to automate accounting for them.

Markus - studied Law & Business at Cambridge, where he graduated top of his class, and holds an MSc in Computing Science from Imperial College. He previously worked on launching new financial services at the European fintech unicorn Trade Republic (backed by Sequoia, Founders Fund, Creandum).

Ask

• Join us on LinkedIn
• Connect us with German accounting firms and SMBs who are unhappy with their accounting setup
• Reach out to us via email (founders@gotabular.de)