Biller Genie offers an automated cloud-based accounts receivable platform that integrates with existing accounting software to streamline invoice creation, payment reminders, and collections. This solution reduces overdue invoices by 35% and accelerates payment receipt by 13%, significantly decreasing administrative workload for small and mid-sized businesses.
Funding
$11.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small and mid-sized businesses struggle with inefficient accounts receivable processes, leading to delayed payments, increased administrative overhead, and strained cash flow. Managing invoices, sending reminders, and reconciling payments manually is time-consuming and prone to errors.
Solution
Biller Genie is a cloud-based accounts receivable automation platform that integrates with existing accounting software to streamline and automate the entire invoicing and payment collection lifecycle. The platform automates invoice creation and delivery, sends customized payment reminders, facilitates online payments through a branded customer portal, and automates reconciliation. By automating these processes, Biller Genie reduces overdue invoices, accelerates payment receipt, and significantly decreases the administrative burden on businesses.
Target Audience
Biller Genie primarily targets small and mid-sized businesses (SMBs) across various industries that seek to automate and optimize their accounts receivable processes to improve cash flow and reduce administrative costs.
Features
- Automated invoice presentment via email and paper mail, with customizable templates and branding
- Configurable payment reminder schedules with escalating messaging
- Customer portal for online payment, payment history review, and autopay setup
- Integrated payment processing supporting credit card, ACH, PayPal, and check scanning with remote deposit capture
- Automatic late fee calculation and application to overdue invoices
- Two-way synchronization with QuickBooks Desktop, QuickBooks Online, and Xero, ensuring data consistency across platforms
- Secure, tokenized, and encrypted storage of customer payment information
- Automated reconciliation of payments within the accounting software