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"Effortlessly automate accounting, integrate inventory data, and eliminate financial statement errors"
🙈 TL:DR: Companies selling physical products spend a fortune on accounting and are still left with incorrect financials because of inventory-related complications. Unit IQ fixes that.
Founded by Peter Marler & Zach Yellin-Flaherty
👬 THE TEAM: Peter Marler (CEO) was the co-founder/CEO of Robin Golf, a venture-backed, multichannel golf equipment company. Prior to that he held roles at Facebook, Quantifind, and NBCUniversal. He is a graduate of Stanford GSB.
Zach Yellin-Flaherty (CTO) previously built payments infrastructure at Stripe and Index. He holds two Computer Science degrees from Stanford.
🥵 PROBLEM:
Companies selling physical products struggle with accounting and inventory operations. Current bookkeeping methods rely heavily on manual input and are often disconnected from accurate inventory data. This leads to mistakes in important financial figures like cost of goods sold (COGS), inventory value, margins, and cash flow. As a result, businesses spend a lot of time and money only to gain an inaccurate picture of their financial health. These inaccuracies lead to poor budgeting decisions, loan rejections, failed fundraising, non-compliance, and frequent cash flow crises.
😍 THE SOLUTION:
A powerful AI accounting agent built specifically for companies selling physical products.
Unit IQ's platform automates bookkeeping and completes a variety of crucial product operations tasks such as calculating COGS, optimizing POs, and conducting contribution margin analysis with only a few clicks.
All financial and inventory data is connected and written back to QBO or your ERP, eliminating financial statement errors, saving dozens of hours per month, and thousands on accounting costs.
💡 THE INSPIRATION:
As the founder of Robin Golf, Peter encountered this problem frequently. Doing the financials required an expensive team and the books were always inexplicably wrong. As a result, the company was underwritten for debt and equity incorrectly, wasn’t able to make proper budgeting decisions, couldn’t forecast inventory needs, couldn’t optimize channel mix, and was blindsided by cash shortfalls.
Learn More
🌐 Visit www.unitiq.ai to learn more.
🤝 Unit IQ is onboarding customers and looking to grow! They’d love intros to CEOs/CFOs/COO of companies selling physical products - ecomm brands, wholesalers, retailers, dropshippers.
🔗 LINKS: Connect with the founders on these platforms in the meantime!
Company Linkedin
Peter Linkedin
Zach Linkedin
Peter Twitter
👣 Follow Unit IQ on LinkedIn.
