SimplyWise: Receipts, Expenses

What it does

SimplyWise is a mobile-first tool designed to automate financial organization for individuals and small businesses. Its core function is to scan, parse, and categorize receipts and other financial documents. The app also offers mileage tracking, expense reporting, and integrations with accounting software to create an all-in-one financial management hub.

Where it shines

SimplyWise excels in its document processing and editing workflow. After scanning a receipt (02:35), the app intelligently extracts data but also provides a graceful way for users to correct it. The "Unknown Merchant" field (02:41) is a great example, allowing users to type in the name, which then triggers an automatic logo search and update (02:54). This turns a potential point of failure into a smooth, collaborative experience. The app's modular design, using a "Plugins" section for feature discovery (09:08), also stands out. It keeps the core product clean while allowing users to opt into advanced features like mileage tracking or reporting as needed.

UX highlights

Custom Fields: Users can add custom fields like an "Order ID" to receipts (05:43), offering a level of personalization not often seen in consumer expense apps.
Batch Scanning: The camera interface includes a "Batch" mode (02:27), a thoughtful feature for users who need to process multiple receipts at once.
Progressive Disclosure: Complex actions like adding line items (04:30) or custom fields are hidden behind taps, keeping the initial interface simple.
Clear Folder Creation: The icon-driven folder creation process (02:02) is visual and intuitive, helping users set up their organizational structure from the start.
Contextual Actions: After a scan, the app provides relevant next steps like adding a reminder or linking a payment method, guiding the user through the workflow.

Monetization & growth

Monetization is introduced early in the user journey. A paywall (01:43) appears during onboarding, immediately after the user answers a single question about their use case. It presents a single premium plan with a 7-day free trial, priced at $89.99/year. The paywall clearly lists feature highlights and uses a 4.8-star rating for social proof. The app also prompts for a rating with a custom warm-up screen (07:40) after some usage, which is a standard tactic for improving App Store visibility.

Who it’s for

SimplyWise appears to target two main user groups. The first is individuals who want a simple way to digitize and track personal expenses and receipts. The second, and perhaps more prominent, group is freelancers, solopreneurs, and small business owners. Features like detailed line items, custom fields, report generation (09:34), and Quickbooks integration point to a user who needs robust documentation for tax purposes or client billing.

Notes & opportunities

The mandatory sign-up and early paywall (00:47-01:43) create significant friction before a user can experience the app's core value. Allowing users to scan one or two receipts before requiring an account and subscription could dramatically improve activation rates. Additionally, while the OCR is good, the initial scan of the "Faugez" receipt failed to capture the line items (02:41), requiring manual entry later. Improving the accuracy of line-item detection would be a major enhancement.