Peakflo automates accounts receivable and accounts payable processes through customizable workflows, enabling businesses to streamline invoice collections and bill payments. By reducing manual tasks and providing real-time tracking, Peakflo helps companies decrease overdue days by an average of 25% and save over 800 man-hours monthly.
Funding
$4.6M 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 and accounts payable processes, leading to inefficiencies and delays. Manual invoice processing, payment tracking, and reconciliation consume significant time and resources. These manual processes often result in delayed payments, increased overdue days, and strained relationships with vendors and customers.
Solution
Peakflo offers a comprehensive platform that automates accounts receivable (AR) and accounts payable (AP) workflows, streamlining finance operations. The platform automates invoice creation, validation, and distribution, while also automating payment reminders through multiple channels, including email and SMS. Peakflo automates bill data entry, approvals, payouts, and reconciliation, reducing bill pay time by up to 50%. By automating these processes, Peakflo helps businesses reduce overdue days, improve cash flow, and save time.
Target Audience
Peakflo primarily targets finance teams in small to medium-sized businesses (SMBs) and enterprises seeking to automate their AR and AP processes, improve cash flow, and reduce manual workload.
Features
- Customizable AR and AP workflows to automate invoice collections and bill payments
- Automated payment reminders via email, SMS, and WhatsApp
- AI-powered invoice data extraction and validation
- Automated payment reconciliation and cash application
- Vendor portal for streamlined communication and invoice management
- Budget management and AP reporting
- Integration with accounting software such as NetSuite, QuickBooks, Xero, and others via API and SFTP
- Role-based access control and audit trails for enhanced security and compliance