NAME OF STARTUP: MakersHub
FOUNDED IN (Year): 2021
FOUNDER’S NAME: Phong Ngo
THE IDEA: What is the problem being solved by your startup / business?:
Entering bill data manually into QuickBooks today? We guarantee to save you hours of time every single week. MakersHub is an Accounts Payable solution designed for businesses that care about their bill data. We bring the right data into your system, eliminating all manual bill data entry and improving accuracy. Gain control & visibility with our flexible approval flows. Our data reading capabilities are best in class.
Unlike clunky OCR, which only gets a few things right some of the time, MakersHub brings in every relevant piece of data on your bill, every time. We capture 39 data fields in total that can be synced to QuickBooks. We connect to QuickBooks with a comprehensive direct 2-way integration that delights accounting teams. We’ll reduce the time you spend on AP tasks by 90%.
THE FOUNDER’S STORY: When and how did you come up with the idea for the business?:
Phong was previously CEO/President of General Plasma – a leading supplier of nanotechnology equipment and industrial automation solutions. General Plasma engineered and manufactured $100M in R&D and production equipment globally for OEMs in solar, automotive, display, and semiconductor.
Charley Howe – President & Co-founder has 18 years of Wall Street experience in fixed-income structured products and venture capital. He spent more than a decade advising and transacting with the world’s most sophisticated mortgage-backed security, commercial real estate, and consumer lending investors.
WHO IS THE CUSTOMER: What is the typical profile of your target customer? Where would they be located?:
Construction, Industrial Contractors, Manufacturing, Bookkeepers, Accountants.
FEATURES TO SHARE: What key feature from your startup journey you’d like to share with aspiring entrepreneurs?:
MakersHub is an account payable solution for businesses that care about their bill data. Eliminate manual bill data entry, gain control & visibility of payables. Discover our Smart Data Reader and Approval Flows.
You might have come across OCR or automated invoice reading features before. Usually, they pick up just one piece of data – the bill’s total amount. Well, MakersHub is in a league of its own. We’ve created a proprietary smart data reader that contextualizes every single piece of data on the invoice, which allows us to then streamline all aspects of accounts payable.
HQ City: Austin, Texas, USA
Website URL: https://makershub.ai/
Number of Employees: 5-25