Proof of Usefulness Report

SmartConcil

Analysis completed on 2/16/2026

+155
Proof of Usefulness Score
Gaining Momentum

SmartConcil is a verifiable B2B financial reconciliation platform active since 2018, confirming basic Proof of Usefulness. However, the submission is severely compromised by unprofessionalism (pseudonym 'IronHeart') and false claims (e.g., 'most people have used my product', 'audience reach: everyone'). External validation via Capterra reveals only 5 reviews in 7 years, indicating stagnation and minimal market penetration compared to the claimed team size of 30. The revenue metric is ambiguous ('all time marketcap'). While the software solves a genuine problem (Real-World Utility), the lack of verifiable growth and the poor quality of the submission heavily penalize the score.

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Score Breakdown

Real World Utility+100.0
Audience Reach Impact+5.0
Technical Innovation+30.0
Evidence Of Traction+10.0
Market Timing Relevance+30.0
Functional Completeness+1.0
Subtotal+176
Usefulness Multiplierx0.88
Final Score+155

Project Details

Project URL
smartconcil.com
Description
We are a cloud-based solution, that optimizes financial reconciliation for companies, ensuring high accuracy and visibility. By leveraging Big Data and advanced matching algorithms, SmartConcil achieves precise results, empowering finance teams to streamline processes and allocate more time to strategic tasks that drive business growth. Companies across industries are enhancing cash flow and financial projections using SmartConcil in three steps: 1. Data Mining 2. Matching with Big Data 3. Data Analytics With SmartConcil Finance Teams will: - Increase efficiency and productivity of finance teams - CFOs can access real-time financial data to make better decisions - Ensure the company is protected against fraud and inconsistencies

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline