We have been involved in accounting technology for more than 25 years.
Cosmic Bills is a division of Cosmic Innovations and Cosmic Accounting Group. Cosmic Innovations is the branding arm that promotes all software development.
Cosmic Accounting Group has two experienced partners: Chandra Wasan (FIPA, CTA) and George Vourantonis (CA, Registered Auditor).
Chandra Wasan
Director
FIPA, CTA
I have been involved most of my working time in accounting, and the one thing that always drew my interest was business automation.
As technology has advanced in AI and machine learning, it only makes sense that businesses should run their accounting processes using it.
George Vourantonis
Partner
CA, Registered Auditor
George has been in accounting, tax and audit for more than 20 years, with extensive knowledge and experience in those areas.
He is a Chartered Accountant and a Registered Auditor.
Why the product exists
Accounts payable is necessary, high-volume and almost entirely mechanical. A medium-sized business receives hundreds of supplier invoices a month, many with multiple line items, and someone types every one of them into an accounting system. It is slow, expensive work, and exactly the kind where attention drifts.
Cosmic Bills reads the document instead. It extracts the supplier, the dates, the totals, the tax and every line, applies the account coding you have set up, and puts the result in front of a person to check against the original PDF.
The review step is deliberate. Extraction is not perfect and is not sold as perfect. What changes is where the human effort goes: from typing to checking.
TODO: VERIFY — corporate structure and credentials
The relationship between Cosmic Bills, Cosmic Innovations and Cosmic Accounting Group is described differently on different pages of the current site, and no registered entity name, ABN or ACN appears anywhere. The professional designations above are protected titles. All of this needs confirming before launch.