Growfin
The Smartest Way to Manage Receivables
Description
Growfin offers a specialized solution for B2B finance departments managing complex order-to-cash processes. It focuses on providing complete control over accounts receivable collections and cash application procedures. By leveraging AI, the platform automates critical tasks such as account prioritization, payment matching, and remittance extraction, aiming to significantly reduce manual effort and Days Sales Outstanding (DSO).
The software facilitates enhanced visibility into the collections process through real-time tracking and reporting on key AR metrics. It also promotes efficient team collaboration by centralizing communication, managing disputes, and integrating with existing ERP and CRM systems. Growfin assists finance teams in strategizing collection efforts and ensuring faster cash flow through automated, precise dunning and risk detection.
Key Features
- AI-based Account Prioritization: Identifies risky accounts and predicts pay dates using multiple factors.
- Automated Cash Application: Extracts remittances and auto-matches payments (short/bulk) to invoices.
- Precision Dunning: Enables targeted and automated follow-up communication at scale.
- Real-time Tracking & Analytics: Provides visibility into collections progress, AR metrics (DSO, ADD), and cash flow.
- Collaboration Workflows: Centralizes customer history, manages disputes/escalations, and integrates with CRM/Slack.
- ERP Integration: Seamlessly connects with existing ERP systems to sync data.
- Reporting: Delivers insights into key AR metrics and trends.
Use Cases
- Automating Accounts Receivable processes.
- Streamlining and automating Cash Application.
- Reducing Days Sales Outstanding (DSO).
- Improving B2B collections efficiency.
- Enhancing visibility into AR performance.
- Facilitating collaboration between finance and sales teams on receivables.
