About Growfin

Growfin is a finance CRM designed for B2B finance teams to automate accounts receivable processes, enabling real-time tracking, AI-based account prioritization, and touchless payment matching. By streamlining collections and cash application, Growfin significantly reduces Days Sales Outstanding (DSO) and manual effort, enhancing cash flow management.

```xml <problem> B2B finance teams often struggle with inefficient accounts receivable (AR) processes, leading to delayed payments, increased Days Sales Outstanding (DSO), and significant manual effort in collections and cash application. Tracking down overdue invoices, matching payments to remittances, and prioritizing accounts require substantial time and resources, hindering cash flow management. </problem> <solution> Growfin offers a finance CRM designed to automate and streamline B2B accounts receivable processes, providing finance teams with enhanced control over collections and cash application. The platform uses AI-driven account prioritization to identify risky accounts and predict invoice pay dates, enabling proactive engagement and preventing potential delays. Growfin automates payment matching by extracting remittance data from various formats and automatically reconciling payments with invoices, even for short or bulk payments. By centralizing customer data, automating follow-ups, and facilitating seamless collaboration, Growfin helps businesses reduce DSO, minimize manual effort, and improve cash flow forecasting. </solution> <features> - AI-based account prioritization using 13 real-time factors to identify risky accounts and predict payment dates. - Automated payment matching with AI-powered remittance extraction from any format. - Precision dunning capabilities for targeted and effective customer communication. - Real-time tracking and analytics providing visibility into collector performance, DSO, and cash flow patterns. - Intuitive collaboration workflows for managing disputes, escalations, and communication with sales teams. - Seamless integration with ERP systems and other essential tools. - Customizable dashboards for monitoring key AR metrics and team performance. - Automated task assignment and notifications for efficient team collaboration. </features> <target_audience> Growfin primarily targets B2B finance teams, including AR managers, collection analysts, and CFOs, who are seeking to optimize their accounts receivable processes and improve cash flow. </target_audience> ```

What does Growfin do?

Where is Growfin located?

Growfin is based in Marietta, United States.

When was Growfin founded?

Growfin was founded in 2020.

How much funding has Growfin raised?

Growfin has raised 8900000.

Location

Marietta, United States

Founded

2020

Funding

8900000

Employees

76 employees

Major Investors

SWC Global

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

Growfin

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

growfin.ai 20K+

Crunchbase

Founded 2020 – Marietta, United States

Funding

Estimated Funding

$5M+

Major Investors

SWC Global

Team (75+)

No team information available.

Company Description

Problem

B2B finance teams often struggle with inefficient accounts receivable (AR) processes, leading to delayed payments, increased Days Sales Outstanding (DSO), and significant manual effort in collections and cash application. Tracking down overdue invoices, matching payments to remittances, and prioritizing accounts require substantial time and resources, hindering cash flow management.

Solution

Growfin offers a finance CRM designed to automate and streamline B2B accounts receivable processes, providing finance teams with enhanced control over collections and cash application. The platform uses AI-driven account prioritization to identify risky accounts and predict invoice pay dates, enabling proactive engagement and preventing potential delays. Growfin automates payment matching by extracting remittance data from various formats and automatically reconciling payments with invoices, even for short or bulk payments. By centralizing customer data, automating follow-ups, and facilitating seamless collaboration, Growfin helps businesses reduce DSO, minimize manual effort, and improve cash flow forecasting.

Features

AI-based account prioritization using 13 real-time factors to identify risky accounts and predict payment dates.

Automated payment matching with AI-powered remittance extraction from any format.

Precision dunning capabilities for targeted and effective customer communication.

Real-time tracking and analytics providing visibility into collector performance, DSO, and cash flow patterns.

Intuitive collaboration workflows for managing disputes, escalations, and communication with sales teams.

Seamless integration with ERP systems and other essential tools.

Customizable dashboards for monitoring key AR metrics and team performance.

Automated task assignment and notifications for efficient team collaboration.

Target Audience

Growfin primarily targets B2B finance teams, including AR managers, collection analysts, and CFOs, who are seeking to optimize their accounts receivable processes and improve cash flow.