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SpendSights

Tool to process bank statements, categorize transactions, and provide insights.

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What is SpendSights?

SpendSights is built to help users track their finances directly from their bank statements. It automates the process of categorizing transactions based on vendor, date, and amount combinations. SpendSights finds patterns in your spending and provides financial insights to help you better manage your money. This reduces the need for manual data entry and ensures accuracy in transaction recording. The product ensures user privacy and data security as it does not require banking credentials or OTPs. It also addresses common issues like third-party app access and frequent data sync problems.

Use Cases

  • Individuals: Personal finance management and expense tracking.
  • Small Businesses: Managing business expenses and financial planning.
  • Accountants: Automating client financial statements and transaction categorization.
  • Financial Advisors: Providing clients with detailed spending insights.
  • Families: Budgeting and tracking household expenses.

Key Features

  • Automatic Categorization: Categorizes transactions based on Vendor, Date, and Amount.
  • Automatic Vendor Tagging: Tags the right merchants automatically.
  • Custom Categories: Allows users to create their own categories.
  • Custom Vendors or Merchants: Users can add their own vendors or merchants.
  • Export PDF & Excel Reports: Users can export financial reports in PDF and Excel.
  • Custom Tags: Adds custom tags to transactions.
  • Multi-Bank Accounts: Supports multiple bank accounts.
  • Self-labeling & Learning: Learns and automates future categorizations.

Pros

Reduced Data Entry: Reduces manual data entry.

Multiple Bank Accounts: Supports multiple bank accounts.

Custom Categories: Allows for custom categories and vendors.

Financial Insights: Provides financial insights based on spending patterns.

Export Options: Exports financial reports in PDF and Excel.

Privacy & Security: Ensures privacy by not requiring banking credentials or OTPs.

Cons

Limited Free Plan: The free plan only supports two bank accounts.

Feature Limitations: Some features are coming soon and not available yet.

Premium Cost: Premium services can be expensive for some users.

Pricing

  • Free: ₹0/lifetime - Automatic Categorization, Automatic Vendor Tagging, Export PDF & Excel Reports, Custom Categories, Custom Vendors or Merchants, Custom Tags, Maximum Bank Accounts: 2
  • Premium: ₹4999/year - All features from Free Plan, Unlimited Bank Accounts, Statement upload via Email (coming soon), Sub-divide ATM transactions (coming soon)

Supported Languages

English

Contact

  • Email: Not provided
  • Address:
  • Phone Number:

FAQ

How does SpendSights work?

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SpendSights works by processing your bank statements, automatically categorizing transactions, and tagging vendors. You upload your bank statements, either directly or by setting up automatic email forward. The tool categorizes transactions based on Vendor, Date, and Amount, and provides financial insights. It also self-labels and learns from your categorizations for future use.

How to use SpendSights?

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What are the benefits of using SpendSights?

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Does SpendSights support multiple bank accounts?

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Can I create custom categories in SpendSights?

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What export formats are available in SpendSights?

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How does SpendSights ensure user privacy?

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What pricing plans are available for SpendSights?

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Is there mobile app support for SpendSights?

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Are there any limitations in the free plan of SpendSights?

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What features are coming soon to SpendSights?

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Can SpendSights help in reducing manual data entry?

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Link

Link to SpendSightshttps://spendsights.in

Pricing

Freemium

Platform

Website

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