---
title: Eleven Accounting Automation | PALO IT Case Study
description: Building a smart accounting platform for the next generation of working professionals.
image: https://www.palo-it.com/hubfs/PaloIt_August2020/images/63be8a6807cef98b2128e1f476556a86b933a50e_casestudy_eleven.png
---

ELEVEN | HONG KONG

## Quickbooks on steroids

##### Increased productivity for accounting firms and medium-sized businesses thanks to a cloud-based platform and state-of-the-art automation.

![ELEVEN | HONG KONG](https://www.palo-it.com/hubfs/PaloIt_August2020/images/0907f60c4af0a7859a9cc58fe550e3bc5b462365_eleven_hero.png)

### Context

Accounting firms spend more than 50% of their time on manual data processing, limiting their ability to provide true value-added services. [Eleven](https://www.runeleven.com/) is a FinTech startup offering a cloud-based platform designed to help accounting practices efficiently manage documents in an integrated workflow.

![Quickbooks on steroids](https://www.palo-it.com/hubfs/PaloIt_August2020/images/3bdce52f79c0b0cb3a1c179532d0f739da0f014d_eleven_context.png)

### Challenge

To work with joint-venture partners to create an accounting platform of the future targeted at professional accountants and medium-sized businesses that meets go-to-market strategy requirements and is suitable for investor pitches. The product must be compelling enough to convince accounting departments to adopt.

![venture partners](https://www.palo-it.com/hubfs/PaloIt_August2020/images/8dbf7e53ba94448afa9e7d92cffa2ab8ca679d5a_eleven_challenge.png)

### Outcomes

- Platform digitises documents with 99% accuracy
- Reduces time spent on manual bookkeeping by more than half
- Integrates document management and workflow
- Exposes an open API for easy interaction
- Revolutionises communication between accountants and their clients through journal entry conversations
- Ready for go-to-market and further investment rounds
- **Tech Stack**: Clojure, Clojure Script Datomic and AWS
- **Methodologies**: Agile Software Development, Lean Start Up and Design Thinking.

![Palo It](https://www.palo-it.com/hubfs/PaloIt_August2020/images/a9a9be2b962bd965473d125041de0fb66f4803d9_eleven_outcomes.png)

![Palo It](https://www.palo-it.com/hubfs/PaloIt_August2020/images/71811bb5dc277227d73158b0693706ff9778e58a_eleven_end.png)

[![CONTACT US](https://no-cache.hubspot.com/cta/default/7666765/e6a417ba-5958-474c-98ff-07da4eeaff8a.png)](https://cta-redirect.hubspot.com/cta/redirect/7666765/e6a417ba-5958-474c-98ff-07da4eeaff8a)

 "We deep-dived into understanding the mechanics of accounting to develop a sturdy and scalable technical architecture based on Datomic and Clojure."

[![CÉDRIC MAINGUY](https://www.palo-it.com/hubfs/PaloIt_August2020/images/f9f64a50fff4d2d438798f56b9b72a973bbcb685_cedric-mainguy.png) ](https://www.linkedin.com/in/cedricmainguy/)

 CÉDRIC MAINGUY

 CHIEF INNOVATION OFFICER

[Follow linkFollow link ](https://www.palo-it.com/en/case-study/special-olympics-singapore)

SPECIAL OLYMPICS | SINGAPORE

## Guiding all-star athletes to keep active

Button / CloseCreated with Sketch.

![](https://px.ads.linkedin.com/collect/?pid=6015209&fmt=gif)