Snab is a cloud-based platform that automates accounts payable, accounts receivable, and treasury management by synchronizing real-time financial data across multiple bank accounts and ERP systems. This solution eliminates manual processes, enhances cash flow visibility, and reduces operational inefficiencies for finance teams.
Funding
$1.2M 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 finance teams still rely on manual processes for accounts payable, accounts receivable, and treasury management, leading to inefficiencies, errors, and a lack of real-time visibility into cash flow. Integrating data across multiple bank accounts and ERP systems is often cumbersome and time-consuming.
Solution
Snab offers a cloud-based financial management platform that automates accounts payable, accounts receivable, and treasury management by synchronizing financial data across multiple bank accounts and ERP systems. The platform provides a centralized view of financial operations, automates invoice processing, payment execution, and reconciliation, and offers real-time cash flow forecasting. By automating these processes, Snab reduces manual work, minimizes errors, and improves cash flow visibility, enabling finance teams to focus on strategic decision-making.
Target Audience
Snab targets CFOs, accountants, treasurers, and finance teams within enterprise-grade organizations, financial institutions, and firms in real estate, energy, private equity, and business services.
Features
- Automated invoice capture and processing using AI
- Real-time synchronization with multiple bank accounts and ERP systems
- Automated payment and collection workflows
- Cash flow forecasting based on historical data and future invoices
- Role-based access control and secure data storage
- Electronic invoicing compliant with global standards
- AI-powered financial analyst for data extraction and interaction
- Integration with accounting software for real-time data synchronization