I’ve worked across plenty of organisations over the years, and I strongly believe in empowering teams with financial knowledge. But there’s a problem. Conventional accountancy (specifically double-entry bookkeeping) has never clicked for me. It’s backwards-looking and disconnected from how businesses actually operate.
That’s exactly why we’re building Myrtal.
The problem with the status quo
Traditional accounting software forces you into deferred bookkeeping. You spend money, and then weeks later, someone reconciles the data. You’re constantly flying blind.
This frustration really hit home for me while working with construction businesses. They deal with highly complex setups:
- Running payments on accounts.
- Managing massive bills of materials.
- Operating as part of a group company structure.
Existing providers just don’t cater to these realities. They try to jam complex workflows into rigid ledgers.
The future is a graph
The future of finance isn’t a ledger. It’s modelling finance as a graph of nodes and branches.
When you structure financial data this way, you get incredible flexibility. You can easily map out group companies or trace a specific material cost straight through the supply chain.
To make this seamless, we’re leaning into AI to create and collect that data. Instead of manual data entry, the system intelligently maps transactions onto your financial graph.
Immediate traceability
Payment should trigger data collection. You shouldn’t have to wait for an end-of-month bookkeeping run to figure out what happened.
With Myrtal, the moment a payment happens, we capture the data. You get immediate traceability of your spend.
Closing the loop with real cards
The final piece is the banking infrastructure. With FBO (For Benefit Of) accounts becoming accessible, we’re now in a position to issue actual payment cards.
Myrtal provides payment cards that tie directly into our platform. Your team makes a purchase, the payment triggers the AI data collection, and it instantly updates your financial graph.
It gives you a completely real-time view of your finances. No waiting, no archaic ledgers, and no manual reconciliation. We’re building the financial tool I’ve always wanted to use.