Libeo provides a digital platform that automates the processing and payment of accounts payable for small and medium-sized enterprises (SMEs), allowing users to manage supplier invoices and team expenses without changing their bank or accounting software. By streamlining payment workflows and enhancing visibility into cash flow, Libeo reduces the time spent on expense management by up to 66%.
Funding
$45.1M 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
Small and medium-sized enterprises (SMEs) often struggle with inefficient accounts payable processes, leading to duplicated payments, difficulties in tracking invoices, and a lack of real-time visibility into cash flow. Managing supplier invoices and team expenses can be time-consuming and prone to errors, especially when relying on manual methods and disparate systems. This can strain relationships with suppliers and hinder effective financial planning.
Solution
Libeo offers a digital platform designed to automate accounts payable and expense management for SMEs, streamlining payment workflows without requiring changes to existing banking or accounting software. The platform enables users to digitize, validate, and pay supplier invoices according to their specific needs, whether instantly, on a scheduled basis, or with deferred payment options. Libeo also provides tools for managing team expenses, including payment cards with customizable spending limits and automated receipt collection. By centralizing and automating these processes, Libeo enhances visibility into supplier debt and cash flow, helping businesses control expenses and optimize their financial resources.
Target Audience
Libeo primarily targets small and medium-sized enterprises (SMEs) across various industries, as well as accounting professionals seeking to streamline accounts payable processes and improve financial control for their clients.
Features
- Automated invoice processing with digitization and reconciliation capabilities
- Customizable approval workflows for team validation of invoices
- Flexible payment options, including instant, scheduled, and deferred payments
- Payment cards for team expenses with spending limits and automated receipt collection
- Real-time expense tracking and budget monitoring
- Integration with over 5,000 banks and 250 accounting software solutions
- Automated client payment reminders to accelerate revenue collection
- Electronic invoicing capabilities to comply with evolving regulatory standards