FinFloh logo

FinFloh

FinFloh automates accounts receivable to enhance collections, reduce DSO by 30%, and improve cash flows by 20%.
Visit website
Share this
FinFloh

What is FinFloh?

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.

Who created FinFloh?

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.

What is FinFloh used for?

  • Automated cash application
  • 30% Reduction in DSO
  • 20% Increase in Cash Flows
  • 70% Reduction in Decision Making Time
  • 50% Increase in Collections Efficiency
  • Quickly connects with all platforms
  • Reduced manual errors
  • Application of OCR in cash application
  • Better market insights
  • Improved credit decisioning
  • Reduction in DSO
  • Increase in Cash Flows
  • Reduction in Decision Making Time
  • Increase in Collections Efficiency
  • Quick connection with all platforms

Who is FinFloh for?

  • B2B finance teams
  • CFOs
  • Finance professionals
  • Accountants
  • Accounts Receivable Teams
  • Chief Financial Officers

How to use FinFloh?

To use FinFloh effectively, follow these steps:

  1. Understanding FinFloh: FinFloh is an AI-powered global accounts receivables automation software focused on streamlining AR operations and enhancing collections efficiency.

  2. 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.

  3. 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.

  4. 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.

  5. Facilitating Communication: Use the collaborative platform in FinFloh to bring teams together for efficient issue resolution, leading to increased cash flow.

  6. Cash Flow Forecasting: FinFloh aids in cash flow forecasting using AI to predict payments and cash flows accurately based on trends and data.

  7. Integration & Data Security: FinFloh ensures seamless integration with ERP systems and maintains data security compliance with standards like SOC 2, GDPR, and ISO.

  8. 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.

  9. Boosting Collaboration: Increase collaboration within the financial team using FinFloh's platform to resolve disputes quickly and ensure smooth payment collections.

  10. 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.

Pros
  • Streamlines AR operations
  • Improves collections efficiency
  • Automates multichannel follow-ups
  • Follow-ups tailored to credit risk
  • Tailored to payment behavior
  • Collaborative communication platform
  • Speeds up dispute resolution
  • Facilitates swift payments
  • Enables swift invoice-cash reconciliation
  • Minimizes manual reconciliation effort
  • Incorporates buyer intelligence
  • Enables data-based credit decisions
  • Eases integration with other platforms
  • Creates centralized data hub
  • Ensures data security
Cons
  • Lacks real-time customer support
  • No mobile application
  • Complex integration process
  • Overly automated, less user control
  • Might overwhelm smaller businesses
  • Reconciliation issues with OCR
  • Dependent on buyer's data quality
  • Lengthy setup time (2-6 weeks)
  • One-time setup fee
  • Customized pricing can be unclear

FinFloh FAQs

What is FinFloh?
FinFloh is a global accounts receivables (AR) automation software powered by AI, designed to streamline AR operations and improve collections efficiency.
How does FinFloh automate the accounts receivables process?
FinFloh automates the AR process through AI-powered multi-channel follow-ups, automated cash application, and buyer intelligence for data-based credit decisions.
How can FinFloh improve collections efficiency?
FinFloh enhances collections efficiency by reducing Day Sales Outstanding (DSO), managing aging accounts, and offering features like prioritized collection worklists and multi-channel payment reminders.
What is the role of AI in FinFloh's operations?
AI plays a significant role in FinFloh's operations by automating follow-ups, tailoring interactions based on credit risk, and making data-driven credit decisions.
What is the automated cash application feature of FinFloh?
The automated cash application feature enables same-day invoice-cash reconciliation by auto-matching payments and invoices, reducing manual effort and errors.
How does FinFloh use buyer intelligence in credit decisions?
FinFloh uses buyer intelligence to leverage market insights and receivables data for informed credit decisions based on AI predictions and trends.
Can FinFloh help with cash flow forecasting?
Yes, FinFloh can aid in cash flow forecasting using AI to predict payments and cash flows based on data and trends.
How can FinFloh help in reducing manually intensive tasks in the AR process?
FinFloh reduces manual tasks with features like automated cash application and AI-powered follow-ups tailored to buyer behavior and credit risk.

Get started with FinFloh

FinFloh reviews

How would you rate FinFloh?
What’s your thought?
Be the first to review this tool.

No reviews found!