Some people, an ING poll has found, spend as much as six to eight hours a week sorting out their most important documents, which they keep in drawers and… shoeboxes. It’s why ING in the Netherlands created the ‘digital shoebox’, a mobile banking app that makes it easier for clients to do their administration.
”Named ‘Receipts & invoices’, this digital shoebox allows small business clients to use their phone’s camera to scan receipts and bills, then link them directly to transactions. This helps them track their income, expenses and their tax payments in real time.”, according to the press release.
“Collecting and administrating receipts and invoices has always been a hassle for clients. They tend to lose them or store them in shoeboxes and drawers,” said Sibel Batman, product owner.
“The ‘digital shoebox’ feature makes their lives easier and frees up time to spend on running their business.” Once set up, the ‘digital shoebox’ gives users a single platform for their administration and banking.
The feature, launched last November, has over 42,000 users on Android and iOS. Available only in the Netherlands for now, the ‘digital shoebox’ is built on technology that is easy to replicate in other ING countries.