Tabs is a revolutionary AI-powered platform designed to streamline and automate various aspects of the revenue cycle for modern B2B businesses. It encompasses a range of crucial functions such as invoicing, receivables management, payment processing, revenue recognition, and reporting, all integrated within a single, user-friendly interface.
The capture feature of Tabs utilizes AI to extract and organize unstructured contract data, which is essential for the invoicing process. This not only saves time but also reduces the likelihood of errors that might occur during manual data entry. With the invoicing function, precise and timely invoices are generated through automated workflows, eliminating the need for tedious manual input.
In terms of receivables, Tabs streamlines the management process, accelerating collections and enhancing the visibility of cash flow. The payment processing automation provided by Tabs reduces delays and ensures a seamless customer payment experience. Moreover, it helps businesses stay in compliance with ASC 606 standards for revenue recognition, minimizing errors and maintaining accuracy in financial reporting.
Tabs also offers comprehensive reporting capabilities, generating reports that provide valuable insights into financial performance and cash flow. This enables businesses to make more informed decisions regarding their revenue strategies.
The platform's integrations are another notable aspect. It can connect an entire financial stack, bringing together data from ERP/GL systems, CRMs, documents, and payments onto a single platform. This integration allows for a unified view across the entire process, facilitating better coordination and efficiency within the organization.
Customer stories highlight the real-world benefits of using Tabs. For example, businesses have been able to automate and streamline their financial operations, saving time and improving accuracy. Some have seen improvements in reducing days sales outstanding (DSO), avoiding errors, and adding unprecedented visibility to their business operations.
In conclusion, Tabs is a powerful tool that addresses the challenges faced by B2B businesses in managing their revenue processes. Its AI-powered capabilities and comprehensive feature set make it a valuable asset for businesses looking to optimize their financial operations and drive growth.
