Upsteer is an Accounts Receivable automation tool designed specifically for Shopify brands, enabling them to automate invoicing and streamline the order-to-cash process. By reducing days sales outstanding (DSO) by 32% and saving over eight hours per week on administrative tasks, Upsteer helps brands get paid faster and maintain accurate financial records.
Funding
$120K 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
Shopify brands often face challenges in managing accounts receivable (AR) processes, especially when scaling their wholesale operations, leading to delayed payments and time-consuming manual tasks. Traditional invoicing and reconciliation methods are inefficient, creating discrepancies between Shopify orders and accounting platforms. This can result in increased days sales outstanding (DSO) and inaccurate financial records.
Solution
Upsteer is an AR automation platform designed to streamline the order-to-cash cycle for Shopify brands, automating invoicing, payment reminders, and reconciliation. The platform connects directly to Shopify and accounting systems, creating custom invoicing rules and workflows based on order attributes or customer profiles. By automating these processes, Upsteer reduces DSO, saves time on administrative tasks, and ensures accurate bookkeeping. The platform offers multiple payment options for customers, including ACH, credit card, and check, while automatically reconciling payments and separating processing fees within the accounting platform. Upsteer provides a centralized customer profile view, consolidating orders, invoices, and transactions in one place.
Target Audience
Upsteer targets Shopify brands, particularly those scaling their wholesale or B2B operations, that need to automate invoicing and accounts receivable processes.
Features
- Automated invoice creation triggered by custom rules and order attributes from Shopify.
- Automated payment reminders to decrease days sales outstanding (DSO).
- Support for B2B payment methods, including ACH, credit card, and check.
- Real-time synchronization with accounting platforms for intelligent bookkeeping.
- AI-powered payment reconciliation, automatically separating processing fees and net payments.
- Centralized customer profiles with a consolidated view of orders, invoices, and transactions.
- Customizable invoicing rules based on individual customers or order attributes.