How transforming Revolut expenses into Bexio accounting entries became an automated solution for entrepreneurs and SMEs.
First observation: accounting, a time-consuming task
As the CEO of bebold, my digital agency based in Switzerland, I quickly came to an inevitable conclusion: compiling expenses month after month is an endless task. Between frequent typing errors and precious time consumed, this administrative chore seemed all the more thankless as it did not generate real added value — except for better visibility on our expenses and a clearer overall view of our cash flow.
But let's be pragmatic, this time could be invested in activities with higher added value for the company, such as developing new services or improving our internal processes.
"I calculated that I was losing about 4 to 5 hours per month just transcribing expense data. That's almost a full workday going up in smoke each month!"
Second observation: traditional banks cost us (very) dearly
I must admit that I'm a bit ashamed I didn't notice it earlier. Looking closely at my bank statements from my traditional bank, I discovered two particularly irritating things:
- Fixed fees on every foreign transaction (and when you work with American or international services, they add up quickly)
- Catastrophic exchange rates with huge spreads, resulting in an additional loss of 3 to 5% on each transaction
Doing a quick calculation, I realized that these "invisible" fees were costing us between 150 and 200 CHF per month. That's more than 2,000 CHF per year evaporating simply because we were using traditional banking services. And I'm not even talking about the monthly statements that are difficult to decipher, with their carryovers that make accounting even more complicated.
First crucial decision: adopting Revolut Business
I had already discovered Revolut for personal use and was won over by their modern approach to financial management. Their fun features like virtual money vaults, intuitive budget management, and real-time statistics had even given me the desire to better manage my personal finances. This positive experience naturally led me to explore their professional offering.
The obvious solution was to leave my traditional bank, at least for the credit card part, and switch to Revolut Business. After a few weeks of adaptation, we began to really appreciate this modern technology: the advantageous interbank rates, the intuitive user interface, and the ability to create virtual cards for each employee.
This last point was a revelation: being able to create limited-use cards for our collaborators allowed them to buy what they needed for their work themselves (plugins for our digital tools, office supplies, train tickets, etc.). Better yet, they could directly integrate their receipts into the system. A considerable time-saving and empowerment!
At this point, you must be thinking that I'm being paid by Revolut to promote them! Rest assured, this is not (yet) the case. Yes, but above all, tech and design are my passions and Revolut's UX is simply the best of the best. When you work in digital, you can't help but appreciate this level of refinement.
Traditional Bank
- • Hidden fees on international transactions
- • Disadvantageous exchange rates
- • Monthly statements difficult to use
Revolut
- • Transparent interbank rates
- • Modern and intuitive user interface
- • Expense management with receipts
- • Virtual cards for employees
Going even further: the birth of Revoxio
Revolut Business turned out to be exactly what an SME like mine needed. The interface was a pleasure to use and I started exploring the expense module. That's when an idea crossed my mind: what if I could connect Revolut to my Bexio accounting system?
So I developed a small PHP script that allowed me to transfer expenses from Revolut directly to accounting entries in Bexio. The result was magical: I immediately saved 4 to 5 hours of work per month! No more typing errors, no more hours lost manually transcribing data.
I used this personal script for a few months, savoring the time gained, until the day I talked about it to my accountant Mr. Champod, administrator of Admin Info in Territet. He suggested that other clients might be interested in this solution, which gave me an excellent reason to go further and transform my basic script (which required dragging files into an FTP and running a script without a user interface) into a real application.
And that's how Revoxio was born
This is how I decided to create Revoxio, a platform dedicated to entrepreneurs and SMEs who, like me, seek to optimize their financial management by connecting Revolut Business to their Bexio accounting software.
It's on this same platform that you currently find yourself. My goal is simple: to save you the precious time that I lost for months, and to spare you the frustrations that I experienced. Because deep down, we all have better things to do than manual data entry, don't we?
Today, Revoxio is used by dozens of Swiss entrepreneurs who, like me, have understood that automation is not a luxury but a necessity to focus on what really matters: developing their business more efficiently.
I would be delighted to hear about your experience with Revoxio or to answer your questions. Feel free to contact me directly — after all, it's by exchanging with users like you that we can continue to improve this platform.
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