January Alternatives

If you're looking for another option besides January, Billtrust is a strong contender. Billtrust's AI-powered accounts receivable platform streamlines and consolidates the entire order-to-cash process with automated credit approval, AI-powered eCommerce integration, automated invoicing and optimized collections with customizable workflows. It's been named the AR Applications Overall Leader in the SPARK Matrix for 2024 and integrates with many ERPs and other systems for a seamless user experience.

Another option is FinFloh. FinFloh's accounts receivable automation software streamlines the AR process from beginning to end. It has customizable workflows and messaging for collections management, an ML-based OCR engine for cash application, AI-based credit scoring and invoice verification. FinFloh protects data with SOC 2, GDPR and ISO compliance, and can be scaled to meet specific business needs, with an implementation time typically within 2-6 weeks.

For companies that want to improve collaboration and accelerate debt recovery, Growfin uses AI to prioritize accounts, automate dunning, create intuitive collaboration workflows and track and analyze in real time. It also automates cash posting and offers a centralized AR hub to streamline AR processes. Growfin can cut manual work by 60% and DSO by 33%, so it's a good option for optimizing accounts receivable and accelerating cash flow.

Last, Paymefy is an AI-based debt collection optimization system that automates customizable notification sequences and offers one-click payment options. It supports multiple payment channels and can connect to ERPs and CRMs through its API. Paymefy has been shown to shorten recovery time by up to 2 months and save thousands of euros in operating costs, so it's a good option for companies that want to improve debt collection.