peta pilot
TRANSCRIPT
FebruaryMore than 5500 companies in Poland and 600 in Portugal are using col.bi
FactSheetBusiness activity: Software for automatic fiscal fraud detection Developer of COLBI, large scale analytics made
easy for Institutions, Corporations and SMEProduct: COLBI provides valuable and rich outputs from
companies accounting and commercial records, based on the Standard Audit Files (SAF-T)
Tax Authorities can ensure tax rules compliance from companies with automatic audit findings, non-compliance notes and fraud detection algorithms
Companies can check their financial “health” and ensure compliance to the tax authority, internal audit and other regulatory entities beforehand
Very simple to use, just drag and drop, analyze, explore and decide; collaborative and cloud based
Advanced technology for complex, high scalability, high performance analysis, including Business Intelligence, Big Data and Data Visualization; deployed as Software as a Service (SaaS) or Platform as a Service (PaaS)Team:
Founded by entrepreneurs with deep expertise in Information Technology, ERP and analytics software, that have been working together for a long time
Experienced team of engineers and financial experts
Opportunity: Increasing efforts from Tax Authorities to ensure
compliance from companies Companies sending non compliant information to
tax authorities, due to ERP complexity and human factors, leading to fines and tax inspection
Other regulators looking for large scale compliance systems
Auditors looking for opportunities to improve their analytics offerings
First mover advantage, product differentiation and defensive roadmap
Achieved milestones: Pre-Series A funding from ASK Capital in 2015 Contract with Portuguese Fiscal Authority with
major deploy in 2016 Ongoing negotiations with Fiscal Authorities from
Austria, France, Luxembourg, UK, Lithuania, Spain and Estonia
Very successful launch in the SME market in Poland, SAGE as distribution channel, 815 SME in 16 weeks, with over 20% weekly growth (Poland market has 650k SME)
Contracts with leading corporations in Portugal (NOS, Delta, Vodafone, Saint-Gobain, BA Vidro, Cabelte)
Distribution contract with BDO Audit Company Ongoing negotiations for global agreement with a
Big 4 Audit company Technology agreement with Microsoft, with close
cooperation globally Winner of IT Future Awards 2016 in Poland, APDC
#2
Market: Tax Authorities that use the OECD SAF-T to
inspect companies (expected 100+ by 2018) Regulators: Stock Markets, National Health Care
Service, Central Banks Auditing companies: Big 4, Tier 2, certified
auditors societies, accountant offices Banking and insurance institutions for credit risk
assessment Corporations and SME (more than 6 million in
Europe)Strategy: Strong focus on R&D and product evolution,
differentiation and leadership Direct deals with Tax Authorities, Regulators,
Banks Agreements with audit partners for distribution
channel for corporations Agreements with SAGE and other large scale
management software companies for global distribution channel for SME
Problem
“A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.”
Wayne Gretzky
The amount of information to be submitted to the tax authorities and regulators will increase every year
Companies must ensure compliance and check their company information prior to their submission ... the risk of paying penalties
and fines is high
The information will be structured by the interoperability standards like the Standard Audit File used in Portugal
Tools must be provided to handle such information and deliver simple and comprehensive output reports ...
Solution
Value Proposition ...The Idea
Provide an easy way to the companies check their financial “health” and ensure compliance to the tax authority, internal audit and other regulatory entities.The idea was to deliver a very straightforward and easy web tool, that can be used by everyone and without any particular training, providing valuable and rich outputs from companies accounting and commercial records.Monthly mandatory data submission to the tax authority, could be checked by our tool, reducing integrity and data compliance errors and generating valuable information for company management team and stakeholders.
Powered by Hadoop® Big Data technology and by
Powerful analyticalplatformfor audit andcompliance
providing a beautiful andsimplevisualization tool
Get data in
apply rules
validate data
audit findings andnon-compliance notes
financial andsales information
Collaboration with the marketwin-win situation
Companies Tax Auditor
Ensure compliance with
TAX AuthInternal Audit
Data Visualization
independently of the vendorsCheck ERP
configurations
Audit Planning
Collaboration
Reduce False Positives
Explore the full data set of the
companies transactions
Reduce tax evasion
Increased number of audits
Ease of use
Improve the system with knowledge
Ensure guidelines compliance
Improve business processes
Market and Competition
No COMPETIONfor now ...
well … a bit of it
HungaryVATsaft
SingaporeIAF
AustriaSAF-T(AT)
PortugalSAF-T(PT)
Luxembourg
FAIAFrance
FECLithuania
iSAFTPoland
JPK
localizations
Similar obligations alreadyexists in Canada and Netherlands
In Belgium, Croatia, Finland, Germany,Norway, Malta, Spain, Slovak Republic,Slovenia and UK, discussions on SAF-Tare already taking place
NorwaySAFTno
Team and Achievments
experienced entrepreneurs …
with tech background
(10) Developers
(4) Support Team (tech and finance)
(3) Business Development team (finance and tech)
Previous / Current Projects / Exits
Ndrive (MEO Drive) - TbT guidance system with more than 2M usersNmusic (MEO Music) – music streaming service with >500k usersCloudware – SaaS ERP with more than 40k customersInfoPortugal – Content providerSoftmaker – SAP ERP integration company
POLAND – Best Cloud Innovation Product of the year 2016IT Future Awards
POLANDBest Cloud Product for 2016Best SME Product - 2016
Business Model/Traction
Poland Sales Growth
W0 W2 W5 W7 W9W11
W13W16
W18W20
W23W25
W27W29
W31W33
-
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
Investors/Current CAP
InvestorsPre-Series A round – ASK Celta – pre-money valuation 2 Meur (500k eur investment)
Current CAP and Financials
more than 5800 companies, banks,
consulting firms and Portuguese Tax Authority
are using our Technology
More than 6000 business users using COLBI
Address Edificio OceanusAvenida da Boavista, 3211, S 2.24100-137 PortoPortugal
Phone number +351 224 951 513
Contact & Support [email protected]
Human Resources [email protected] Web www.petapilot.com
on thePRESS
Address Edificio OceanusAvenida da Boavista, 3211, S 2.24100-137 PortoPortugal
Phone number +351 224 951 513
Contact & Support [email protected]
Human Resources [email protected] Web www.petapilot.com