The Problem
Hong Kong SMEs waste countless hours on manual bookkeeping — data entry from receipts, bank statement reconciliation, expense categorization, and financial report generation. Traditional accounting software still requires significant manual input, and hiring a full-time accountant is cost-prohibitive for most small businesses.
What We Built
247 AICFO is a full-stack AI-powered accounting platform purpose-built for Hong Kong SMEs. Acting as the complete technology partner, we engineered the entire system from mobile apps to backend infrastructure, integrating AI to automate what accountants traditionally do manually.
Built with Flutter for cross-platform consistency and a custom backend for financial data processing, AICFO transforms how small businesses manage their finances.
Key Features
- AI-Powered Data Entry: Upload receipts and invoices — AI extracts, categorizes, and books entries automatically
- Automated Expense Tracking: Intelligent categorization and real-time expense monitoring
- Multi-Currency Support: Essential for Hong Kong's cross-border business environment
- Bank Statement Processing: AI reconciliation eliminates manual matching
- Financial Reporting: Generate profit & loss, balance sheets, and cash flow statements instantly
- Invoice Generation: Professional invoices with automated tracking and reminders
- Team Collaboration: Multi-user access with role-based permissions
- Mobile-First Design: Full accounting capabilities on iOS and Android
Technical Highlights
This is a full-stack engagement — we built and maintain:
- Cross-platform mobile and web apps (Flutter)
- Custom backend API and data processing pipelines (Node.js)
- Cloud infrastructure and real-time database (Firebase)
- AI/ML models for receipt OCR and expense categorization
- Multi-currency financial calculation engine
- Secure document storage and retrieval
- Real-time data synchronization across platforms
Results
- 150+ SMEs actively using the platform in Hong Kong
- 4.8/5 average rating from users
- Significant time savings — businesses report spending 70% less time on bookkeeping
- Trusted for handling sensitive financial data with bank-grade security
- Platform continues to evolve with new AI capabilities and integrations