Venmo Split Feature Set

	A	B	C	D
1		Feature Name	Description	Research supporting it
2	P1: Must-Have	Creating Groups	Users can create groups to manage expenses in, with the ability to invite different users to the group and add their expenses. They can also add a group name and a photo if they wish to do so.	Competitor Analysis, User Interviews
3		Expense Tracking	Users can be able to check off each item they ordered so that everyone can keep track of runninbg expenses rather than doing so at the end.	User Interviews
4		Percentage-Based Calculations	Users can choose how they would like to divide expenses, for example some may prefer to use percentages (ie 70/30 split).	User Interviews
5		Custom Amount Splitting	Often, settling group expenses are difficult because it is not a simple even split. Instead, this feature will give users the choice to split group expenses depending on what each person ordered and automatically calculate the costs for them.	Competitor Analysis, User Interviews
6		Scan Receipts	Users can scan receipts, which will convert to text to save manual effort. Users can then check off which items they got.	User Interviews
7		Tax & Tip Calculations	Users would be provided the option to include tax and tip into the calculations. Users have also expressed that sometimes, they would prefer to not have the tax and tip calculated evenly if they all ordered different items. This feature would give users the freedom to decide how they would like to divide the tax and tip.	User Interviews, Competitor Analysis
8		Send Calculated Total to Users	Once the system has finished its calculations, it will send users the total amount they must pay or are owed. This way, users can pay and settle their expenses on one app instead of navigationg between different apps and manually typing in the cost. Calculations will not be made until all items have been checked off to to simplify and prevent excess transactions.	User Interviews, Competitor Analysis
9	P2: Nice to have	Send Multiple Reminders	Instead of being able to send only one reminder when someone has not paid yet, users will now be able to send multiple reminders to request the money.	User Interviews
10		Notifications	Users will receive notifications such as payments they owe, when new expenses have been added, when calculations have been finalized, etc.	User Interviews, Competitor Analysis
11		Scheduled Requests	If users request the same amount from people at the same intervals without change (ie. rent), they can set up a schedule where charges are automatically sent.	User Interviews
12	P3: Surprising and delightful	Personalized Notes	This feature is similar to what Venmo already has, but it takes it one step further by allowing users to type whatever they want as a note. Currently some captions are not allowed, but users should have a choice to make the transaction private and thus continue whichever caption they wish.	User Interviews, Competitor Analysis
13	P4: Can come later	Currency Conversions	This feature will automnatically calculate and convert to different currencies to save users the manual effort of doing so themselves. This can be expecially great for settling group expenses when traveling to different countries.	Secondary Research
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100