Crater provides AI-powered embedded accounts receivable and accounts payable automation tools for B2B platforms and financial institutions, enabling seamless invoicing, payments, and cash flow management. The platform integrates with existing systems to streamline financial workflows, enhance data accuracy, and improve user experience in managing financial operations.
Funding
Funding not disclosed
Founders
Product
Problem
Many B2B platforms and financial institutions lack integrated tools for accounts receivable (AR) and accounts payable (AP) automation, leading to inefficient invoicing, payment processing, and cash flow management. This results in manual workflows, increased errors, and a fragmented user experience for managing financial operations.
Solution
Crater provides AI-powered embedded AR/AP automation tools designed for seamless integration into B2B platforms and financial institutions. The platform streamlines invoicing and bill payment workflows, simplifies payment acceptance via card or ACH, and offers working capital solutions like advances on accounts receivable and buy now, pay later options for accounts payable. By automating data import/export with accounting software such as QuickBooks and Xero, Crater enhances data accuracy and reporting. The AI-powered Financial Copilot answers financial questions, creates invoices, and generates reports.
Target Audience
Crater targets B2B platforms and financial institutions seeking to embed AR/AP automation tools into their existing systems to enhance user experience and create new revenue channels.
Features
- AI-powered Financial Copilot for instant financial insights and task automation
- Robust invoicing infrastructure for sending and receiving invoices, managing AR and AP, and accepting deposits on estimates
- Integrated payments via card or ACH with Plaid integration for easy bank account connectivity
- Working capital tools, including AR advances and buy now, pay later options for AP
- Accounting automation for seamless data import/export with QuickBooks and Xero
- Workflow automation for custom card issuing and invoice payments based on specific milestones
- Developer-friendly APIs, webhooks, and SDKs for Vue and React