Upwell offers an AI-powered platform that automates accounts receivable processes for transportation and logistics companies, enabling real-time exception management and seamless integration with existing financial systems. By streamlining invoicing and collections, Upwell helps businesses improve cash flow and reduce days sales outstanding (DSO) by up to four days.
Funding
Funding not disclosed
Founders
Product
Problem
Transportation and logistics companies often face challenges in managing accounts receivable due to manual data entry, invoice exceptions, and disparate systems. These inefficiencies lead to delayed payments, increased operational costs, and reduced cash flow.
Solution
Upwell offers an AI-powered platform designed to automate and streamline accounts receivable processes for transportation and logistics businesses. The platform uses AI to extract invoice details, match documents, and identify exceptions in real-time, reducing manual data entry and errors. By automating invoicing and collections, Upwell enables businesses to improve cash flow, reduce days sales outstanding (DSO), and enhance the customer experience through automated reminders and multiple payment options. Seamless integration with existing TMS, ERP, and accounting systems ensures a smooth data flow and eliminates data silos.
Target Audience
The primary target audience includes transportation and logistics companies seeking to automate their accounts receivable processes, improve cash flow, and reduce operational costs.
Features
- AI-powered invoice data extraction and document matching
- Automated exception management for quick resolution of invoice discrepancies
- Customizable automated payment reminders
- Integrated payment processing with multiple payment options
- Real-time integration with popular TMS, ERP, and accounting platforms
- AI-driven business rules for accurate invoicing
- Cash flow prediction and analysis