Innovators Awards 2012: Emerging innovator, PAPERKUT Paperless Receipts

While messy, receipts are a necessary evil to keep on top of when you're a contractor. That's how Paperkut founder Drew Broadley first came up with his business idea, which landed him on the cover of Idealog #40 wrapped up in paper.

drew broadley paperkut innovators awards winner 2012Aided along with a TechNZ grant, a scholarship for a business course, and making it to the finals of the 2010 Bright Ideas Challenge, Paperkut picked up steam, particularly once business partner Nick Harley came on board as CEO.

They've built a showcase product called Free Your Wallet, technology that enables customers to automatically receive digital copies of their purchase receipts.

“One of the main features is where the receipt can be automatically forwarded to an elected email address depending on how the purchase was made, and other facets – for example, forwarding to your company’s accountant when a purchase is made on the company card.”

The key, he says, is that shoppers don't need to do a thing differently. The same applies to retailers.

"We offer a product that plugs in, and works in the background without a single change in behaviour when shopping online or instore while maintaining the utmost privacy of data collected.”

Now in beta, Paperkut is working on integrations with industry partners.

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