The Neat Company, which made its name providing handheld scanners for scanning receipts, announced that it is getting rid of its signature scanners to focus solely on its software.
The company was founded in 2002, and at the time, provided physical hand-held scanners designed to scan, upload and sort receipts in a simple software. Since then, the company has grown to offer a more robust accounting and financial workflow and document management product. The cloud-based software is designed to automate small business bookkeeping processes.
The company attributes its departure from the personal and workflows scanner market to the change over time in how people receive and manage documents. With smartphones, point-of-sale systems and electronic receipts, and email-based documents, physical scanners are becoming obsolete, especially in the financial space.
Neat will provide its users with a migration path that enables those still using Neat’s desktop scanners to transition to the cloud-based business productivity software. The company will also continue to support warrantied product as well as supporting the drivers and connections of its branded scanners.
“Providing easy capture, storage and management of the financial documents that are critical to small business operations remains Neat’s focus,” stated Neat’s president, Michael Crincoli.
