If you're looking for a replacement for FinFloh, Billtrust is a strong contender. It has an AI-infused AR platform designed to streamline and consolidate the order-to-cash process. Its features include automated credit approval, AI-powered cash application and optimized collections through customizable workflows. Billtrust connects to many ERPs and other systems for a unified interface, and is the AR Applications Overall Leader in the SPARK Matrix for 2024.
Another good option is HighRadius, an autonomous finance platform that helps the Office of the CFO with many financial tasks. It has a range of features, including AI-powered collections management, cash application management and electronic invoicing. HighRadius connects to many ERPs, banks and third-party systems to help with working capital, reduce DSO and increase productivity.
If you want to accelerate debt collection and help your team work better together, Growfin is another good option. It uses AI to prioritize accounts, automates cash posting and tracks and analyzes accounts in real time. Growfin integrates with common tools and says it cuts manual work by 60% and DSO by 33%, so it's a good choice if you want to optimize accounts receivable and accelerate cash flow.
Last, Tesorio is designed to optimize cash flow performance with AI-powered collector tools and performance analytics. It automates invoicing, offers a supplier portal for automatic invoice submission and payment tracking, and offers payment predictions based on historical data analysis. Tesorio has deep connections to ERPs, CRMs and billing systems to help with forecasting and collector productivity.