Skyscend provides a cloud‑native platform that automates the full accounts‑payable and receivable workflow for buyers and suppliers. Using AI‑powered OCR, ERP‑integrating APIs, and blockchain‑based invoice financing, it captures invoice data, offers real‑time supplier intelligence, and enables transparent, regulatory‑compliant e‑invoicing and early cash access through a supply‑chain finance marketplace.
Funding
$2.8M 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
Companies often manage accounts payable and receivable with manual, paper‑based processes that are slow, error‑prone, and provide limited visibility into cash flow. This hampers working‑capital efficiency and makes it difficult for buyers and suppliers to access timely financing.
Solution
Skyscend offers a cloud‑native platform that automates the full AP/AR workflow for both buyers and suppliers. AI‑powered OCR extracts invoice data, while APIs enable seamless integration with any ERP system. The platform digitizes invoicing, provides real‑time supplier intelligence, and connects users to multi‑party credit solutions built on blockchain for immutable, transparent invoice financing. Buyers can unlock working capital by streamlining payments, and suppliers can receive early or predictable cash for outstanding invoices. The solution is accessible via web and mobile interfaces, supporting regulatory‑compliant e‑invoicing and delivering end‑to‑end visibility across the supply chain.
Target Audience
Primary customers are corporate finance teams, procurement departments, and CFOs of mid‑size to large enterprises, as well as SMB suppliers seeking faster cash conversion for their invoices.
Features
- AI‑driven OCR for automatic data capture and validation of invoices
- API layer that integrates with all major ERP systems for end‑to‑end automation
- Blockchain‑based invoice financing providing immutable records and multi‑party credit transparency
- Real‑time supplier intelligence dashboards to monitor performance and risk
- Mobile and web applications for on‑the‑go access to AP/AR processes
- Built‑in e‑invoicing compliance tools for regulatory reporting
- Supply‑chain finance marketplace that matches buyers with third‑party liquidity providers