This is part of our coverage of the startup LaunchPad event from the Infinitity Ventures Summit in Sapporo, Japan.
Back in March we featured cloud-based accounting solution Freee, which was just emerging from stealth mode at the time. The service was developed by Tokyo-based startup CFO, and was pitch at the Infinity Ventures Summit Launchpad competition by CEO Daisuke Sasaki. While the company isn’t going to win any awards for the names of their company or service, they did walk away proudly with the top prize from this startup competition in Sapporo.
Freee offers n accounting solution for small and mid-size businesses who may not have so much accounting knowledge. It allows you to view your transaction statements on site, conveniently categorize and visualized.
If you need to create invoices there is a function for that as well, with the capability to change status to ‘paid’ or ‘unpaid’ accordingly. It’s especially useful for self-employed people when they have to file their taxt reports. Sasaki says that Freee helps you do your taxes as much as 50 times faster, which is certainly a big plus.
Regrettably, Japan is a little bit slow adopting cloud services, so the startup will have some work to do in terms of bringing users on board. So among the users they have already won over, Sasaki figures that over 3300 accounting hours have already been saved.