Extend automates accounts receivable and payment collection workflows for B2B SaaS finance teams, eliminating manual efforts like emails and reminders. This automation accelerates cash collection and frees up staff time previously spent on laborious, uncoordinated tasks.
Funding
Funding not disclosed
Founders
Product
Problem
B2B SaaS finance teams face challenges in managing accounts receivable and payment collection, often relying on manual processes like sending emails and reminders. These manual efforts lead to delayed cash collection, increased days sales outstanding (DSO), and wasted staff time on repetitive tasks. Disputes and communication silos between finance, sales, and customer support further complicate the process.
Solution
Extend AI Copilot is an accounts receivable automation platform that streamlines and accelerates payment collection for B2B finance teams. The platform uses AI to predict payment risks, identify collection opportunities, and optimize cash flow. It integrates credit decisioning, collections, dispute management, and reconciliation into a single, unified workflow. By automating tasks such as invoice delivery, payment reminders, and cash application, Extend AI Copilot reduces manual effort, minimizes bad debt, and improves communication between buyers and sellers.
Target Audience
Extend AI Copilot is designed for B2B SaaS finance teams, startups, and SMBs looking to gain control of their cash flow and efficiently manage accounts receivable.
Features
- AI-powered collections with prioritized worklists based on risk, amount, and urgency
- Automated invoice delivery via email and APIs directly into the buyer’s inbox
- Multi-channel payment reminders and predefined dunning templates
- Real-time dispute tracking and customizable dispute workflows with centralized communication channels
- API-driven cash application that matches invoices with payments from remittance data and bank statements
- Predictive analytics for accurate cash forecasting and identification of high-risk accounts
- Native integration with ERP/CRM systems like QuickBooks, Xero, NetSuite, Sage, HubSpot, Slack, and Stripe
- Automated phone call reminders powered by Large Language Models (LLMs) for natural, human-like voice interactions
- Invoice factoring to unlock immediate cash flow by selling unpaid invoices to financial partners
- Generative analytics and customizable reports for insights on DSO, aging balances, and cash conversion cycles