Finvoice provides a platform for creating, managing, and automating service agreements. Their system also handles electronic invoicing, streamlining the billing process for service-based businesses.
Funding
Funding not disclosed
Founders
Product
Problem
Financial service providers and insurance brokers face administrative overhead in managing service agreements and processing payments for fees and commissions. This often involves manual contract creation, invoicing, and payment tracking, leading to inefficiencies and potential errors.
Solution
Finvoice is a premium billing platform designed to streamline service agreements and fee management for financial service providers and insurance brokers. The platform offers tools to generate contracts, facilitate digital signatures, and automate payment processing. Finvoice automates invoice creation and dispatch, supports flexible payment plan configurations (one-time, recurring, and installment options), and provides a dashboard with controlling tools for real-time insights into key performance indicators. The system also includes features for managing payment defaults, generating cancellation invoices, and optional dunning and collection processes.
Target Audience
Finvoice targets financial service providers, insurance brokers, brokerage firms, and sales organizations seeking to automate service agreement creation, digital signing, and payment processing.
Features
- Customizable contract generator using pre-defined building blocks
- Digital signature capture directly on customer devices
- Automated invoice generation and delivery
- Flexible payment plan configuration (one-time, recurring, installment)
- Automated payment processing
- Dashboard with real-time data and analytics
- Controlling tools for performance insights
- Customer management tools with detailed views
- Default payment management with automated retries and cancellation invoices
- Optional dunning and collection services
- Secure data storage on German servers, compliant with GDPR
- Employee accounts with customizable permissions