Dutch bank ING has created a ‘digital shoebox’ mobile app which enables small business clients to track and manage their income, expenses and tax payments in real time.
Users are able to scan receipts and bills with their mobile phone, and link them directly to debit and credit card transactions. Once set up the app, named Receipts & Invoices, makes it easier for clients to complete administration tasks.
Sibel Batman, product owner at ING, said: “Collecting and administrating receipts and invoices has always been a hassle for clients. They tend to lose them or store them in shoeboxes and drawers. The ‘digital shoebox’ feature makes their lives easier and frees up time to spend on running their business.
“We are receiving continuous feedback from clients, which is great,” Batman added. “This way, we can prioritise and build new features that they need the most.”
The app, which initially launched in the Netherlands in November, now has over 42,000 users across Android and iOS.
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