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Cosmic Bills

by Cosmic Bills · Since 2014
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ActiveAvailable globallyCloud
Quick facts
VendorCosmic Bills
Year launched2014
StatusActive
LocationSydney, Australia
Countries servedGlobal
Languages6
Integrations1+
Free tierN/A
Free trialN/A
Contact salesYES

About Cosmic Bills

Cosmic Bills is a billing management software from Cosmic Bills that provides comprehensive solutions for invoicing and payment processing. It includes features such as automated billing, payment tracking, and customizable invoices so businesses can efficiently manage their financial transactions. With its user-friendly interface, Cosmic Bills allows users to generate reports, track client payments, and send reminders for overdue invoices. This makes it suitable for companies looking to monitor their cash flow effectively. Key capabilities: automated billing payment tracking customizable invoices reporting tools client reminders Best for: small to medium-sized businesses that need to manage billing and invoicing processes efficiently.

Cosmic Bills is a powerful, AI-driven accounts payable automation solution that offers businesses a smart way to eliminate manual data entry when processing bills. Built with advanced optical character recognition (OCR) and a unique deep learning engine, the software delivers intelligent extraction of bill data—right down to line items—and integrates directly with popular cloud accounting platforms such as Xero, Reckon Hosted, and QuickBooks Online. It transforms what was once a slow and error-prone process into a streamlined, accurate, and efficient workflow. Users can simply upload PDF invoices via email, drag-and-drop, or scan, and the software will automatically extract all relevant data, including descriptions, quantities, unit prices, GST, and more. This is especially valuable for finance teams that deal with high volumes of bills and require precision. What truly sets Cosmic Bills apart is its deep learning capability: if a user corrects a data entry in the accounting software, Cosmic Bills learns from that action, continuously improving its extraction accuracy. This adaptive feature means that over time, the system becomes not just faster, but smarter—eventually outperforming human accuracy in data entry.

Pros & Cons

Pros
  • Free trial: Scan up to 500 bills for free with Xero integration.
  • AI + OCR-powered automation: Extracts data from PDFs with high accuracy and speed.
  • Deep learning engine: Continuously improves from user corrections and behavior.
  • Multi-platform support: Integrates with Xero, Reckon Hosted, and QuickBooks Online.
  • Line item extraction: Captures detailed invoice data including quantities, GST, and inventory items.
  • Paperless approval workflows: Supports multi-level expense approvals remotely.
  • User-friendly editing: Easily modify descriptions, quantities, and pricing before posting.
  • Cloud-based storage: Bills are stored securely and accessible anytime.
  • 24/7 support: Responsive technical assistance available around the clock.
  • Cost-saving: Reduces manual data entry, labor costs, and human error.
Cons
  • Limited to supported platforms: Primarily built for Xero, Reckon, and QuickBooks users.
  • No pricing transparency: Full pricing details not clearly listed upfront.
  • Requires setup for full automation: Users must configure supplier mappings and approval flows.
  • May not suit complex enterprise workflows: Tailored more for small to mid-sized businesses.

Features

Key features

AI and OCR Powered Data Extraction

Cosmic Bills utilizes Artificial Intelligence and Optical Character Recognition to automatically extract accounting data from PDF bills, including line items.

Deep Learning System

It features a unique deep learning network that continuously learns from user corrections in accounting software, improving accuracy over time, potentially surpassing human accuracy.

Native Integration with Xero and Other Accounting Software

Seamlessly connects with Xero (AUS, UK, USA), Reckon Hosted, and QuickBooks Online, facilitating direct upload and processing of bills.

Intuitive UI with Editing Capabilities

Provides an easy-to-use interface where users can upload bills in minutes, and easily edit extracted details (description, quantity, unit price, GST) before approval and sending.

Automated Multi-Level Expense Approval

Enables a paperless, multi-level approval workflow for expenses, making remote team collaboration easy.

Automatic Line Item Extraction

Extracts all invoice data, including complex line items, automatic tracking, and inventory items, significantly reducing manual data entry for multi-line bills.

Additional features

Automates Lead Data Extraction from Emails

Streamlines the process of getting lead information from email communications (appears to be a general statement, but the core focus is bill data).

Scan Free Bills

Offers a free tier for scanning a certain number of bills (e.g., 500 for Xero, 100 for Reckon Hosted).

Processes Incoming Bills Automatically

Takes the manual hassle out of bill data processing.

Leverages AI and OCR Technology

Uses Artificial Intelligence and Optical Character Recognition for automatic data extraction.

Extracts Accounting Data from PDF Files

Specifically designed to pull relevant financial information from PDF bill documents.

Connects to Xero (AUS, UK, USA)

Provides direct integration with different regional versions of Xero accounting software.

Connects to Reckon Hosted

Offers integration for users of Reckon Hosted accounting software.

Connects to QuickBooks Online

Fully integrates with QuickBooks Online.

Upload in Minutes (via UI)

Allows for quick uploading of bill documents through its user interface.

Easy Editing (UI)

Users can easily modify extracted details such as description, quantity, unit price, and GST within the interface.

Approve then Send to Xero

Streamlined workflow for reviewing and pushing bills to Xero.

All Bills Stored in Cloud

Provides cloud storage for processed bill documents.

Saves Time and Energy

Automates tasks to free up user time.

Reduces Expenses

Helps avoid the need to hire dedicated accounts payable employees.

Increases Company Efficiency

Streamlines financial processes to boost overall business efficiency.

Reduces Clerical Hours

Minimizes the time spent on manual accounts payable tasks.

Cuts Down on Errors

Significantly reduces human errors associated with manual data entry.

Automated Invoice Receiving

Supports the first step of accounts payable automation.

Automated Invoice Reviewing

Supports the second step of accounts payable automation.

Automated Invoice Approving

Supports the third step of accounts payable automation.

Automated Payment Processing (Implied from AP automation)

Aids in the overall accounts payable process, leading to supplier payments.

Smart, Simple Data Processing

User-friendly and intelligent handling of data.

Smart Approval Tool

Facilitates the approval workflow for bills.

100% Automated Data Capture

Eliminates manual data entry entirely.

Line Items Extraction

Extracts detailed information from multi-line invoices, including automatic tracking and inventory items.

Paperless Expense Approval

Enables an electronic, multi-level approval system for expenses.

Supports Remote Team Collaboration

Facilitates team work on approvals from different locations.

Uses Deep Learning

Employs a sophisticated neural network with algorithmic weightings for accuracy.

More Accurate than a Human

Claims higher accuracy in data extraction than manual entry.

Continuous Learning (Self-Improving AI)

Learns from user corrections in accounting software to improve future extractions.

Fast Integration

Designed for quick and easy integration.

Lighting Speed Support (24/7)

Offers round-the-clock technical support.

Artificial Intelligence Functionality

Operates with AI capabilities mimicking human thought processes.

Ensures Consistency and Clarity

Provides uniform and clear bookkeeping.

Better Management

Facilitates improved financial management.

Security, Control, Convenience, and Visibility

Offers enhanced security, control, ease of use, and transparency.

Batch Processing

Enables processing of huge transactions of bill payments in one batch.

Simultaneous Bill Processing

Can process many bills concurrently with 100% accuracy.

Email PDF Tax Invoices

Allows emailing PDF invoices directly to the system for processing.

Drag and Drop Functionality

Supports dragging and dropping PDF files from a computer for upload.

Safe Data Handling Practices

Committed to protecting business information.

Privacy Protections

Guarantees privacy of data.

Automatically Enters Bills with Line Items

Directly posts detailed bill information into Xero.

Video Tutorials Available

Provides instructional videos for various functions (e.g., splitting/adding lines, editing bills, payment methods, mapping suppliers).

Removes Painful Manual Tasks

Eliminates the burden of manually entering multiple line item bills.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
6
Interface languages
20
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortuguese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇳🇿NZD🇮🇳INR🇸🇬SGD🇭🇰HKD🇳🇴NOK🇰🇷KRW🇹🇷TRY🇷🇺RUB🇿🇦ZAR🇧🇷BRL🇲🇽MXN

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