FinFloh is a global accounts receivable automation software designed to streamline AR operations and improve collections efficiency. It utilizes AI-powered features such as automated multi-channel follow-ups, collaborative communication platforms, and buyer intelligence for data-based credit decisions.
The software aims to enhance collections efficiency by automating cash application, reducing decision-making time, and providing real-time risk alerts. It offers benefits such as a 30% reduction in Day Sales Outstanding (DSO), a 20% increase in cash flows, and a 50% increase in collections efficiency.
Additionally, FinFloh facilitates swift communication between buyer and seller teams, with features like prioritized collection worklists, multi-channel payment reminders, and predefined dunning templates. It also aids in efficiently handling disputes and reducing bad debt.
FinFloh was founded by Amartya Singh and Shivam Rawat. The company was launched on March 23, 2024. Amartya Singh, an IIM-B alumnus with diverse business experience, and Shivam Rawat, with a background in CS and tech scaling, came together after their previous ventures to address the challenge of cashflows in businesses. FinFloh aims to empower Modern CFOs and B2B Finance teams by automating accounts receivable workflows and optimizing cash flows, with a focus on improving communication, resolving disputes, and fostering collaboration among different business teams.
To use FinFloh effectively, follow these steps:
Understanding FinFloh: FinFloh is an AI-powered global accounts receivables automation software focused on streamlining AR operations and enhancing collections efficiency.
Automating Accounts Receivables Process: Utilize FinFloh's AI-powered features like multi-channel follow-ups tailored to the buyer's behavior and automated cash application for swift invoice-cash reconciliation.
Improving Collections Efficiency: Leverage FinFloh's AI automation to reduce DSO, manage aging accounts effectively, and prioritize collections worklists, payment reminders, and real-time risk alerts.
AI Role in Operations: AI in FinFloh automates follow-ups, tailors credit decisions, and forecasts payments based on market insights and buyer behavior data for more accurate decisions.
Facilitating Communication: Use the collaborative platform in FinFloh to bring teams together for efficient issue resolution, leading to increased cash flow.
Cash Flow Forecasting: FinFloh aids in cash flow forecasting using AI to predict payments and cash flows accurately based on trends and data.
Integration & Data Security: FinFloh ensures seamless integration with ERP systems and maintains data security compliance with standards like SOC 2, GDPR, and ISO.
Reducing Manual Tasks: Benefit from features like automated cash application and AI-driven multi-channel follow-ups to minimize manual efforts and errors in the AR process.
Boosting Collaboration: Increase collaboration within the financial team using FinFloh's platform to resolve disputes quickly and ensure smooth payment collections.
Customized Pricing & Trial Versions: Explore FinFloh's customized pricing options, book demos, or try trial versions to experience the efficiency and benefits firsthand.
By following these steps, you can effectively utilize FinFloh to streamline your accounts receivables processes and enhance collections efficiency.
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