Kolek automates accounts receivable management by integrating with existing ERPs and banks, utilizing WhatsApp and email for streamlined payment reminders and collection processes. This solution addresses the inefficiencies of manual billing and late payments, reducing collection time by over 70% and saving businesses more than 100 hours of manual work each month.
Funding
$80K 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
Many businesses face challenges in managing accounts receivable, leading to late payments and time-consuming manual collection efforts. Traditional billing processes often lack automation and rely on outdated communication methods, resulting in inefficiencies and increased operational costs.
Solution
Kolek offers an automated accounts receivable management platform that integrates with existing ERP systems and banks to streamline payment reminders and collection processes. The platform automates billing and follow-ups via WhatsApp and email, offering customers multiple payment options such as PIX and Boleto. By automating these processes, Kolek reduces collection times, minimizes manual work, and improves cash flow for businesses. The system also provides reconciliation features and integrates with Open Finance for enhanced banking connectivity.
Target Audience
Kolek primarily targets small and medium-sized businesses (SMBs) that seek to automate their accounts receivable processes and reduce late payments.
Features
- Automated payment reminders and follow-ups via WhatsApp and email
- Support for multiple payment methods, including PIX, Boleto, and BolePIX
- Integration with major ERP systems (e.g., Omie, Conta Azul, Dominio)
- Integration with banks via Open Finance
- Customizable dunning rules with multiple contact points
- Automated reconciliation of payments
- Unlimited message sending