Proof of Usefulness Report

SumIt Software

Analysis completed on 2/3/2026

+306
Proof of Usefulness Score
Certified Problem Solver

SumIt Software is a verifiable, operational B2B SaaS product for family office accounting, evidenced by a functioning website, press releases (e.g., integrations with Addepar/Bill.com), and case studies (Temerity Capital). However, the project submission itself contains significant red flags and false claims, such as 'Audience Reach: everyone' and 'Evidence of Traction: most people have used my product', which are demonstrably untrue for a niche financial tool. While the software solves a genuine problem (Real-World Utility), the score is heavily penalized by the poor quality and dishonesty of the submission inputs regarding traction and reach. The revenue claim of '$5M market cap' likely refers to a valuation cap, not revenue.

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Score Breakdown

Real World Utility+175.0
Audience Reach Impact+20.0
Technical Innovation+75.0
Evidence Of Traction+31.25
Market Timing Relevance+70.0
Functional Completeness+2.5
Subtotal+373.75
Usefulness Multiplierx0.82
Final Score+306

Project Details

Project URL
Description
Family offices, managing $2.5 trillion in US assets, aren't just about numbers—they're custodians of iconic family legacies. With the challenges that come with managing diversified assets and legal obligations, providing transparent financial reports becomes difficult. That's where SumIt comes in. We are a dynamic team dedicated to developing a tailored platform specifically designed for family offices, starting with accounting and financial reporting. Our mission is to provide clear, reliable financial oversight for family offices by replacing cumbersome spreadsheets and manual tasks with an intuitive platform that automates financial consolidation.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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