Makershub

About Makershub

MakersHub offers a data-centric accounts payable (AP) automation platform for businesses characterized by high payment volumes and complex operational needs. The company was established in 2021 by Phong Ngo and Charles Howe, who conceived the idea while attending The Wharton School's Executive MBA program. The inspiration for MakersHub stemmed directly from co-founder and CEO Phong Ngo's experiences as president of General Plasma, a supplier of nanotechnology and industrial automation equipment. There, he encountered significant challenges with manual AP processes, particularly in achieving the detailed job costing and financial accuracy required for a business with thousands of components and vendors.

Co-founder and President Charles Howe complements this operational expertise with 18 years of experience on Wall Street, specializing in fixed-income structured products and venture capital, including a leadership role at Citi Ventures. This blend of firsthand industrial pain points and deep financial acumen forms the foundation of the company's strategy. Headquartered in Austin, Texas, MakersHub targets businesses in sectors like construction, manufacturing, and industrial services that depend on granular financial data for profitability tracking and cost management. Revenue is generated through a subscription-based model, with tiered pricing plans starting from approximately $99 per month, based on the volume of bills processed and feature requirements.

The core of MakersHub's service is its proprietary "WiseVision" technology, which combines OCR with AI models to extract and structure up to 39 distinct data fields from any invoice, including detailed line items. This system is designed to eliminate manual data entry, which the company claims can reduce time spent on AP tasks by up to 90%. The platform features a deep, two-way integration with QuickBooks Online and Desktop, ensuring that accounting systems remain the central source of truth without requiring manual reconciliation. Other key functionalities include customizable, multi-step approval workflows, automated three-way matching of bills against purchase orders and receipts, and a vendor payment system called MakersHub Pay that handles ACH, check, and wire transfers. By automating these processes, MakersHub enables finance teams and project managers to gain real-time visibility into project costs and cash flow, enhancing collaboration and supporting more accurate, data-driven decision-making.