Zeni

What is Zeni?

Zeni is a comprehensive Financial Operations Platform designed to revolutionize how businesses are managed, leveraging a combination of artificial intelligence and human finance experts to handle daily bookkeeping tasks and address all financial requirements of startups. The platform offers real-time access to crucial financial insights, guided by values like excellence, guidance, integrity, and harmony. Zeni's team includes professionals like Accountants, Chartered Accountants, Certified Public Accountants, Tax Advisors, and Chief Financial Officers with extensive experience and certifications in core accounting services.

Who created Zeni?

Zeni was created by Swapnil and Snehal Shinde to provide real-time financial insights to startup founders by streamlining financial operations. The platform was launched on August 3, 2020. Swapnil and Snehal Shinde founded Zeni after facing challenges due to lack of financial clarity in their previous businesses. Zeni's Financial Operations Platform combines artificial intelligence and human finance experts to offer daily bookkeeping and manage all financial needs of startups.

What is Zeni used for?

• Automated Journal Entries: Post Journal Entries using AI, ensuring accurate categorization, real-time posting, and compliance with accounting standards
• Bank & Account Reconciliation: Zeni’s AI performs bank reconciliations by matching transactions in the business’s bank accounts with those recorded in the accounting softwares
• Predictive Insights: AI predictive insights analyze historical data trends to help businesses anticipate future financial scenarios and plan accordingly
• Automated Bill Payment Process: Zeni Bill Pay automates bill payment by using AI to auto-fill invoice information, store vendor details, and classify accounting entries, reducing manual data entry and errors
• Bank Reconciliation Process: Zeni's AI ensures financial records are accurate and up-to-date at all times through matching transactions in business bank accounts with accounting software records
• Reimbursement Process Automation: Zeni utilizes AI to automate the reimbursement process, reducing manual data entry and errors, with the ability to issue same-day ACH payouts
• Multi-level Approval Process: Zeni allows setting up a tailored multi-level approval process for bill payment and reimbursement, automating approvals based on specific parameters and due dates
• Support for International Payments: Zeni Bill Pay supports payments to both domestic and international vendors efficiently
• Unlimited Reports Submission: Users can submit an unlimited number of reports within Zeni
• 160 Currencies Support: Zeni supports transactions in 160 different currencies
• Speed up domestic and international vendor payments with AI-powered invoice processing
• Reimburse employees at lightning speed with AI-powered expense processing
• Seamlessly combine saving, spending, and growing cash securely within a single platform
• Fractional CFO services for financial modeling, budgeting, fundraising, and more
• Tax services for handling tax filings and maximizing business credits
• Payroll services covering employee onboarding, termination, and system management
• Bookkeeping to save time and money, allowing focus on business growth
• AI-powered automated receipt analysis, reconciliation, and transaction optimizations
• Real-time financial insights including burn rate, cash flow, and more
• Automated audits of large datasets for accurate financial reporting
• Automated Data Posting
• Transaction & Vendor Categorization
• Automated Journal Entries
• Bank & Account Reconciliation
• Predictive Insights
• Automated bill payment process with AI in Zeni Bill Pay
• Support for international payments in Zeni Bill Pay
• Multi-level approval process in Zeni Bill Pay
• Automated reimbursement process in Zeni
• Support for 160 currencies in Zeni
• Unlimited checking accounts in Zeni
• Seamlessly combine saving, spending, and growing cash securely with no hidden fees in the Business Checking Account
• Fractional CFO services for financial modeling, budgeting, fundraising, and day-to-day operations support
• Tax advisory services covering regular filings, penalty avoidance, and maximizing business credits
• Payroll specialists managing compliant and up-to-date payroll systems including employee onboarding and termination
• Bookkeeping services to save time and money, letting businesses focus on growth
• Automated data posting, transaction categorization, journal entries, bank reconciliation, and predictive insights with AI-driven bookkeeping
• Automated bill payment process using AI for auto-filling invoice information and reducing manual errors
• Support for multiple checking accounts, unlimited account openings, daily compounded interest, and FDIC insurance up to $3M for deposits
• Bank & Account Reconciliation: Zeni’s AI performs bank reconciliations by matching transactions in the business’s bank accounts with those recorded in the accounting software, ensuring accuracy and up-to-date financial records
• Predictive Insights: Zeni's AI provides predictive insights by analyzing historical data trends, helping businesses anticipate future financial scenarios and plan accordingly
• Automated Data Posting: Zeni automatically captures and enters financial data from various sources like receipts, invoices, and bank statements into its accounting system, reducing manual effort and errors
• Transaction & Vendor Categorization: AI algorithms categorize vendors and transactions based on transaction details, organizing financial data accurately and efficiently
• Automated Journal Entries: Zeni's AI ensures accurate categorization, real-time posting, and compliance with accounting standards for journal entries
• Bank & Account Reconciliation: Zeni's AI matches transactions in the business’s bank accounts with those in the accounting software for accurate and up-to-date financial records
• Predictive Insights: AI predictive insights help businesses anticipate future financial scenarios and plan accordingly
• Automated Invoice Processing: Zeni Bill Pay uses AI to auto-fill invoice information, store vendor details, and classify accounting entries, reducing manual data entry and errors
• Multi-level Approval Process: Zeni allows setting up a multi-level approval process tailored to the company's needs for both Bill Pay and Reimbursements
• Automated bill payment process with AI assistance
• Reimbursement processing with AI for fast payouts
• Setting up multi-level approvals for bill payments and reimbursements
• AI auto-categorization of transactions in business checking accounts
• High yield interest on business checking accounts
• Fractional CFO services for financial guidance
• Tax navigation and advising services
• Payroll system management and compliance
• Automated bookkeeping with AI for financial insights
• AI predictive insights for financial planning

Who is Zeni for?

• Financial Controller
• Temp CFO
• Accountant
• Financial Concierge
• Fractional CFO
• CFO Starter
• CFO Growth
• CFO Enterprise
• Tax Advisor
• Chief Financial Officer

How to use Zeni?

To use Zeni effectively, follow these steps:

1. Onboarding Process:

   • Schedule a 30-minute onboarding call via Zoom to set up the read-only account access required for Zeni to operate efficiently.
   • Have login credentials, subscribed to QBO Plus, and important documents like EIN and Incorporation documents ready for the onboarding call.

2. Account Setup:

   • Zeni will activate your Zeni Dashboard within a week of joining and set up your Zeni Finance Concierge email.
   • Ensure access to accounts and necessary updates to the chart of accounts are complete.

3. Continuous Support:

   • The Zeni Finance Concierge team is available Monday to Friday, 9:00 am to 6:00 pm PST to assist with any queries.
   • Your dedicated team of Zeni Finance Experts, including Accountants, CPAs, CFOs, and Tax Advisors, will provide ongoing support.

4. Additional Services:

   • Zeni offers various services like Fractional CFO support, tax assistance, payroll management, and more tailored to meet your business needs.
   • The platform provides deep startup experience, real-time financial insights, and a peace of mind guarantee.

5. Financial Operations:

   • Utilize Zeni for bill payments, reimbursements, and business checking accounts all seamlessly integrated for ease of operation.
   • Leverage the AI-powered platform for automated bookkeeping processes to save time and ensure accuracy.

By following these steps and utilizing the wide range of features and support provided by Zeni, you can streamline your financial operations and focus on growing your business efficiently and effectively.