This platform automates accounts receivable processes, providing tools to predict cash inflows and optimize working capital. By streamlining collections and offering insights into payment patterns, the platform helps businesses improve operational efficiency and financial forecasting.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in managing their accounts receivable and payable processes, leading to delayed payments, increased operational costs, and difficulties in forecasting cash flow. Traditional methods often involve manual processes and spreadsheets, which are time-consuming, prone to errors, and lack real-time visibility. This can result in strained customer relationships and reduced working capital.
Solution
Zanbio offers an automated accounts receivable (AR) and accounts payable (AP) solution designed to streamline invoice management, accelerate payment collection, and improve cash flow forecasting. The platform uses smart workflow tools, data analytics, and machine learning to automate repetitive tasks, track invoice statuses, and reconcile payments. By automating invoice entry, approval workflows, and payment processes, Zanbio helps businesses reduce days sales outstanding (DSO), minimize operational costs, and enhance customer experience through a self-service portal. The AI-driven system also provides enhanced security features to protect against fraud and overpayments.
Target Audience
Zanbio targets finance teams and businesses of all sizes seeking to automate their accounts receivable and payable processes, improve cash flow, and reduce operational costs.
Features
- Automated invoice and email tracking with real-time delivery status updates
- AI-driven customer profiling and payment forecasting based on historical payment patterns
- Automated invoice to payment reconciliation through ePayment offerings
- Self-service portal for customers to manage invoices and payments
- Touch-free vendor invoice entry using AI-powered data extraction from scanned or PDF invoices
- Built-in invoice approval workflows with customizable milestones and alerts
- Automated matching of invoices against purchase orders (POs)
- Comprehensive dashboards for real-time data access and cash outflow forecasting
- Enhanced security and fraud detection through monitoring of vendor invoice patterns