Overview of FinFloh: Accounts Receivable Automation Software

FinFloh is a comprehensive accounts receivable automation software designed to enhance the efficiency of B2B finance teams. It streamlines various aspects of the accounts receivable process, including invoice management, cash application, and credit decisioning. By integrating artificial intelligence and machine learning technologies, FinFloh helps businesses accelerate their cash collection cycles, reduce days sales outstanding (DSO), and improve overall financial operations.

Key Features

Automated Invoice Management

• Invoice Creation & Delivery: Automates the generation and dispatch of invoices, ensuring timely delivery to customers.
• Invoice Dispute Resolution: Provides tools to quickly resolve disputes and reduce the time spent on back-and-forth communications.

Enhanced Collection Processes

• Automated Collections: Utilizes automated workflows to manage follow-ups with customers based on their risk profile and payment history.
• Prioritized Worklists: Employs predictive analytics to prioritize collection efforts, focusing on high-risk or high-value accounts.

Cash Application

• Automated Matching: Uses machine learning to match payments with invoices accurately and efficiently.
• Exception Handling: Manages discrepancies and exceptions in payment applications, reducing manual intervention.

Credit Decisioning

• AI-Driven Scoring: Leverages AI to assess credit risk based on dynamic market data and historical behavior.
• Real-Time Risk Alerts: Provides instant notifications about changes in a customer's credit status, enabling proactive management.

Integration Capabilities

• ERP/CRM Integration: Offers native integration with major ERP and CRM systems, including Netsuite, SAP, and Salesforce, ensuring seamless data flow and accuracy.
• API Connectivity: Supports integration with various digital tools through APIs, enhancing connectivity and data utilization.

Benefits

• Reduced Operational Costs: Automates routine tasks, saving significant man-hours and reducing the need for manual intervention.
• Improved Cash Flow: Accelerates the invoice-to-cash cycle, which helps in maintaining a healthy cash flow.
• Data-Driven Decisions: Empowers finance teams to make informed decisions using real-time data and analytics.
• Scalability: Easily scales to handle increasing invoice volumes and complexity as the business grows.

Security and Compliance

FinFloh adheres to stringent security standards, including SOC 2, GDPR, and ISO compliance, ensuring that user data is protected against unauthorized access and breaches.

Getting Started

Implementation time varies based on the complexity of the business's existing systems but typically ranges from 2 to 6 weeks. FinFloh's team supports throughout the setup process to ensure a smooth transition and quick go-live.

Pricing

FinFloh offers customized pricing based on the specific needs of each business, which typically includes a one-time setup fee and an annual platform fee. Potential users can discuss their requirements during a consultation call to receive a tailored quote.

Customer Insights

Users like Gopal Agarwal, Vice President and Head of Finance at Yellow AI, and Subhasish Sain, Business Head at Re Sustainability Ltd, have reported significant improvements in their accounts receivable processes, including reductions in DSO and increases in on-time payments, highlighting the practical benefits of implementing FinFloh in their operations.

For more detailed information or to book a demo, interested parties can contact FinFloh directly through their official communication channels.