FinFloh revolutionizes the accounts receivable process by leveraging artificial intelligence to automate and optimize every step from invoice to cash. Designed specifically for B2B finance teams, FinFloh's platform integrates seamlessly with existing ERP and CRM systems, ensuring a smooth transition and immediate impact on your financial operations.
At the core of FinFloh's innovation is its AI-driven approach to credit decisioning, collections, disputes, and cash application. By utilizing machine learning for credit-risk scoring, FinFloh enhances the accuracy of credit decisions, enabling finance teams to make informed choices based on comprehensive market and historical data. This not only reduces the time spent on decision-making but also significantly lowers the risk of bad debt.
Collections efficiency is another area where FinFloh shines. The platform's AI-powered collectors’ worklist prioritizes tasks based on risk, amount, and priority, ensuring that efforts are focused where they are most needed. This targeted approach, combined with automated follow-ups and customizable workflows, leads to a remarkable increase in collections efficiency and a reduction in Days Sales Outstanding (DSO).
Dispute resolution is made faster and more effective with FinFloh's predictive AI, which offers advanced dispute intelligence and automated resolution capabilities. This minimizes the time and resources spent on resolving disputes, allowing teams to focus on more strategic tasks.
Cash application is another process that FinFloh simplifies through AI-driven remittance aggregation and exception handling. The platform's ML-based OCR engine ensures accurate and efficient cash posting, reducing manual errors and improving overall financial accuracy.
FinFloh's impact on accounts receivable management is profound, offering a 30% reduction in DSO, a 20% increase in cash flows, and a 70% reduction in decision-making time. By automating and optimizing the invoice-to-cash process, FinFloh not only enhances collections efficiency but also transforms the way B2B finance teams operate, making accounts receivable management a breeze.
