You might be aware that one of the best and the worst thing that a startup does is finances. We have seen that the companies have a dedicated finance department but that is not the case with startups since they have limited resources to work with. Therefore, we usually see that the founders have to take care of the finances as well as it usually gets messy until they hire a dedicated manager.
However, there is also the existence of financial trackers as well as expense managers that can do the job for individuals as well as businesses. These are available for both personal as well as enterprise users and we are here to report about the latest one. This Free expense tracker for startups is launched by a fintech startup named Digits.
Digits have launched this new dashboard for managing finances of small businesses and it has been made free due to the Coronavirus crisis where small businesses as much help as they can get to be back on track. Digits is also the same company that built a tool named Crashlytics that was acquired by Twitter back in the day.
Apart from building this Free expense tracker for startups, Digits has also announced a Series B round of $22M in funding led by GV. According to Digits, its dashboard is a visual machine learning-powered expense monitoring dashboard aimed at startups and small businesses.”
With the help of this dashboard officially named as Digits for Expenses, small business owners will be able to see metrics such as “spend by category, by identifying vendors and recurring expenses and by offering real-time alerts”. This will mean that people who don’t have a dedicated team to look into their finances will be able to see where their money is being spent and if there are things they could possibly spend less on.