Integration of SmartVault With Shoeboxed

SmartVault Corp., provider of SaaS document storage and sharing solutions, announced an integration with Shoeboxed, developer of the accounting profession’s solution for converting paper documents into structured online data.

The integration of these two services delivers on the benefit of zero data entry supporting a paperless firm workflow and driving firms higher up the value pricing food chain.

Shoeboxed provides a paperless on-ramp for firms, offering a scanning and data extraction service. In one step, firms can scan and upload documents to a secure cloud-based folder in SmartVault and have those documents automatically exported to QuickBooks as transactions.

Not only will the transactions appear in the user’s QuickBooks data file, but the documents will be attached to those transactions as well. As users browse transactions in QuickBooks, they can view any document attached to the transaction using the SmartVault Toolbar plug-in for QuickBooks.

The two companies offer an all-in-one data extraction and online document management solution integrated with QuickBooks that delivers on the value of zero data entry.

"Integration of apps and services in the Cloud is the way the accounting profession continues to move, but we know that our customers don’t want to or have the time to figure it all out on their own. This is why we are dedicated to doing it for them always looking for new and powerful apps that can work together to help firms operate more efficiently, saving time and money. Our partnership with Shoeboxed further demonstrates our commitment to this effort," stated SmartVault founder and CEO, Eric Pulaski.

Integration between SmartVault and Shoeboxed offers:

• A Central Repository for QuickBooks Data and all Related Source Documents which also supports role-based, secure document access;
• a clear audit trail; and
• secure anytime-anywhere access to documents.

Furthermore, it:

• Enables a True Zero Data Entry Process SmartVault: offers an on-ramp to a paperless process, now with zero data entry for all receipts. Documents are scanned or copied into a SmartVault folder and then Shoeboxed automatically processes them, converting the documents into transactions in QuickBooks.
• Offers Accurate, Verified Data: Shoeboxed’s OCR technology and proven human verification process ensure that data is accurate.
• Supports a Variety of Other Features: including rules-based transaction coding, the ability to verify before exporting, and auto attach of source documents to QuickBooks records via the SmartVault Toolbar plug-in for QuickBooks.
• Meets All Document Management and File Sharing Needs: SmartVault is not just for documents attached to QuickBooks transactions. It is used to store all documents and securely share them inside and outside an organization.

"Collaboration among these two smart systems is continuing to raise the bar for accounting products it’s like they built a bookkeeper for me," said Jason Blumer, managing shareholder, Blumer & Associates, CPas, PC. "I file the receipt in SmartVault (my digital filing cabinet), then Shoeboxed picks it up, pulls it into my Shoeboxed account and pushes that document right into my accounting program. Shazaam! I didn’t have to do anything but snap a picture of the receipt with my iPhone. Sweet."

SmartVault leverages the Intuit Anywhere platform, which offers the ability for applications to sync data with QuickBooks. Applications integrated with SmartVault, using their SDK, can also sync the source document along with the data in QuickBooks, creating a central repository for all of the financial data and source documents.

The integrated solution is available to both SmartVault and Shoeboxed customers. information can be found on the SmartVault Marketplace.

SmartVault customers can provision a free Shoeboxed account right from the SmartVault portal. Both firms have free plans that enable new users to test both services.