Higo provides a centralized platform for managing B2B payments, allowing small and medium-sized businesses in Latin America to receive, approve, and pay invoices automatically, reducing manual processes and errors. By integrating with the SAT, Higo streamlines invoice management and payment notifications, enabling users to reconcile payments four times faster than traditional banking methods.
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized businesses in Latin America often struggle with inefficient, manual processes for managing B2B payments, leading to errors and wasted time. Traditional banking methods make invoice management and payment reconciliation slow and cumbersome.
Solution
Higo provides a centralized, AI-powered platform designed to streamline B2B payments for SMBs, automating the process of receiving, approving, and paying invoices. By integrating directly with the SAT (Mexico's tax authority), Higo automatically retrieves issued invoices, eliminating manual data entry. The platform enables users to pay multiple invoices in seconds, manage advance payments and credit notes, and automatically notify suppliers of payments. Higo also automates payment reconciliation and generates detailed reports, providing businesses with real-time visibility and control over their accounts payable.
Target Audience
Higo primarily targets small and medium-sized businesses in Latin America, specifically business owners, finance directors, accounting teams, and outsourcing providers seeking to streamline their accounts payable processes.
Features
- Automated invoice retrieval from the SAT, eliminating manual data entry
- Centralized platform for managing invoices, advance payments, and credit notes
- Batch payment processing, enabling users to pay multiple invoices with a single click
- Automated payment notifications to suppliers via email or WhatsApp
- Automatic payment reconciliation and report generation
- Real-time invoice status updates and detailed transaction reports
- User role and permission management for customized approval workflows
- Integration with accounting systems like SAP, Oracle, Odoo, and Aspel