Opal automates digital agency operations by managing contracts, invoices, and payments in one platform. This helps agencies streamline workflows, improve cash flow, and reduce administrative overhead.
Funding
$1.5M 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
Digital advertising agencies often struggle with fragmented workflows across contract management, invoicing, and payment processing, leading to administrative overhead and cash flow inefficiencies. Managing ad spend across multiple platforms and clients can be complex, increasing the risk of errors and limiting financial control.
Solution
Opal provides a unified platform designed to streamline operations for digital advertising agencies by integrating contract management, invoicing, accounts receivable, and ad spend management. The platform allows agencies to generate and send contracts for e-signature, automate invoice creation based on various rules (monthly, performance-based, or ad-spend linked to an Opal card), and automate payment collection via credit card or ACH. Opal also offers virtual cards with granular controls for specific merchants or use cases, enabling agencies to manage ad spend effectively and earn cash back. By automating these processes, Opal aims to improve cash flow, reduce administrative tasks, and provide greater financial control for ad agencies.
Target Audience
Opal targets digital advertising agencies seeking to streamline their operations, improve cash flow management, and reduce administrative overhead.
Features
- Contract generation and e-signature functionality for client agreements
- Rules-based invoicing (monthly, performance, or ad-spend)
- Automated invoice follow-up and payment collection (credit card or ACH)
- Unlimited virtual cards with merchant/use case controls
- Ad-spend management tools designed for ad agencies
- One-click card updates across multiple advertising accounts
- Cash back rewards on virtual card spend