Sett integrates contract management, automated invoicing, and compliance tracking into a unified operational stream. The platform ensures accurate cash flow synchronization by automatically generating invoices and tracking payments against contract terms. This streamlined process eliminates manual handoffs between legal, finance, and operations teams, improving audit readiness and reducing DSO.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses struggle with manual processes for managing contract lifecycles, leading to delayed invoicing, missed revenue opportunities, and compliance risks. The disconnect between contract terms, billing execution, and payment reconciliation creates significant operational friction and impacts cash flow.
Solution
Sett provides an intelligent platform that automates the end-to-end contract-to-cash process, bridging the gap between legal agreements and financial transactions. The system automatically generates invoices based on defined contract terms, tracks amendments, and synchronizes payment statuses to reduce days sales outstanding. By centralizing contract management, billing, and payment workflows, Sett ensures accuracy and compliance, enabling finance, operations, and legal teams to operate more efficiently. This unified approach minimizes manual data entry and reduces the likelihood of errors or missed deadlines.
Target Audience
The primary target audience includes SMBs and enterprise departments in sectors such as IT services, legal operations, advisory firms, and consultancies that manage a high volume of complex contracts and require efficient revenue realization.
Features
- Smart contract processing that automatically triggers invoicing based on predefined terms, including auto-renewal and auto-termination clauses.
- Automated amendment tracking and billing for scope changes or SOW adjustments.
- Task-triggered invoicing capabilities, linking invoice generation to specific milestone completions.
- Cash flow synchronization that automatically updates payment statuses and notifies on overdue accounts.
- Integrated audit trails that log all actions and enforce policies for compliance.
- Counterparty portal for streamlined collaboration, document sharing, and payment processing.
- Time & Materials (T&M) billing automation for accurate invoicing based on logged hours.
- Contract reconciliation tools to identify payment mismatches and overages.
- Renewal automation with proactive alerts and management of expiring agreements.
- Service Level Agreement (SLA) compliance tracking with automated penalty clause application and invoicing.
- Integrations with accounting software (QuickBooks, Xero), payment gateways (Stripe), CRM (Salesforce), and workflow automation tools (Zapier).