Everything You Need for EU Accounting
Powerful features designed for EU businesses. No accounting experience required.
How Does AI Invoice Processing Work?
FidelMind uses advanced OCR and natural language processing to read invoices, receipts, and purchase orders. The AI extracts line items, tax amounts, payment terms, and vendor details with high accuracy. It handles multilingual documents, handwritten receipts, and multiple currencies. Once processed, the data flows directly into your ledger, ready for reconciliation and reporting.
- Process invoices in 20+ EU languages
- Automatic extraction of amounts, dates, and vendor details
- Handles handwritten receipts and scanned documents
- Multi-currency support with automatic conversion
- Direct ledger integration — no manual entry
Can Bank Reconciliation Be Fully Automated?
Connect your bank account via open banking (PSD2) or upload statements manually. FidelMind automatically imports all transactions and matches them to existing invoices, expenses, and receipts. Unmatched transactions are flagged for quick review. The AI learns from your corrections, improving match accuracy over time. Reconciliation that used to take hours now takes minutes.
- Automatic bank statement import via open banking
- Smart AI matching of transactions to invoices
- One-click reconciliation for matched items
- AI learns from corrections to improve accuracy
- Support for all major EU banks
How Are Tax Reports Generated Instantly?
FidelMind tracks all your income, expenses, and VAT transactions in real-time. When it is time to file, generate profit & loss statements, balance sheets, VAT returns, and tax summaries with a single click. Reports are formatted to comply with EU tax regulations and can be exported as PDF or sent directly to your accountant. The system flags potential issues before they become problems.
- One-click generation of P&L, balance sheet, and VAT returns
- Real-time tax liability tracking
- EU-compliant report formats
- Export as PDF or send directly to your accountant
- Automatic flagging of potential tax issues
How Does Expense Management Simplify Approvals?
FidelMind replaces spreadsheets and paper receipts with a streamlined expense workflow. Employees snap photos of receipts on their phone, the AI extracts the data, and the expense is submitted for approval. Managers review and approve from any device. Approved expenses flow directly into your accounting ledger with proper categorization. Set spending limits, track budgets, and enforce company policies automatically.
- Mobile receipt capture with AI data extraction
- One-click approval workflow for managers
- Automatic ledger sync for approved expenses
- Configurable spending limits and policies
- Real-time budget tracking and alerts
How Does VAT Handling Work for EU Businesses?
VAT compliance is complex, especially for businesses trading across EU borders. FidelMind automatically applies the correct VAT rate based on the transaction type and country. It handles reverse charge mechanisms for B2B cross-border services, generates EC sales lists, and prepares VAT returns in the required format. The system stays up-to-date with changing EU VAT rules so you do not have to.
- Automatic VAT rate application by country and transaction type
- Reverse charge handling for cross-border B2B services
- EC sales list generation
- EU-compliant VAT return preparation
- Automatic updates when VAT rules change
How Is My Financial Data Protected?
Your financial data is your most sensitive business asset. FidelMind protects it with AES-256 encryption at rest and TLS 1.3 in transit. All data is stored in EU-based data centers and processed in full compliance with GDPR. We conduct regular penetration testing, maintain SOC 2 Type II compliance, and provide automatic backups. Role-based access control ensures only authorized users can see sensitive information.
- AES-256 encryption at rest, TLS 1.3 in transit
- GDPR-compliant data handling and storage
- EU-based data centers only
- Regular penetration testing and SOC 2 Type II compliance
- Role-based access control and automatic backups
Ready to See These Features in Action?
Start your free 14-day trial today. No credit card required.