we launched our first product

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l1r1 is an ambitious start-up company. That’s why we’re looking for people who are experts in their field to join our core team. Are you a seasoned scientist, have experience building ventures, or think we should get to know you and your skills? We look forward to hearing from you.

At l1r1, we believe accounting should be seamless, reliable and largely automated – not a manual, fragmented process.

What we set out to build
With this project, we set out to rethink how accounting workflows work businesses and their tax advisors. Our goal has always been to reduce manual effort, eliminate media breaks, and make financial processes easier to understand and manage.

We focused on:

• automatically capturing and structuring accounting documents
• improving data quality and consistency
• enabling smoother collaboration between companies and tax advisors
• using AI to predict accounting entries and support decision-making

What we achieved
Through the support of the European Union and the Saxon State, we were able to turn this vision into a product. Today, our platform:

• processes documents automatically and prepares them for accounting
• provides AI-supported suggestions for accounting entries
• integrates with existing tools such as DATEV
• continuously improves through real-world usage and feedback

The result is a system that makes accounting workflows more efficient, more transparent and easier to handle in practice. 

EU funding
This project was supported by the European Union with funding of up to €400,000, enabling us to accelerate development and bring the solution to market.