FinFloh

What is FinFloh?

FinFloh is a global software solution designed to automate accounts receivable (AR) processes. It is a smart assistant for your AR department, aiming to make collecting payments smoother and more efficient. It uses AI to handle things like sending follow-ups across different channels, providing a space for teams to communicate, and offering insights into buyers to help make smarter credit decisions.

Basically, FinFloh helps speed up how you get paid. It automates applying cash to invoices, cuts down the time it takes to make decisions, and gives you real-time alerts if there’s any risk. Companies using it often see a 30% drop in their Day Sales Outstanding (DSO), a 20% boost in cash flow, and a 50% improvement in how efficiently they collect payments.

It also makes it easier for buyer and seller teams to talk to each other. You get features like prioritized lists of who to follow up with, reminders sent through various channels, and pre-written templates for chasing payments. Plus, it helps manage disputes more effectively and reduces the amount of money lost to bad debt.

Who created FinFloh?

FinFloh was started by Amartya Singh and Shivam Rawat. They officially launched the company on March 23, 2024. Amartya, who graduated from IIM-B and has a lot of business experience, teamed up with Shivam, who knows a lot about scaling tech companies. They decided to tackle the common problem of cash flow issues in businesses after their previous ventures. Their goal with FinFloh is to empower modern CFOs and B2B finance teams by automating AR workflows and optimizing cash flow. They’re really focused on making communication better, resolving disputes, and encouraging teamwork across different departments.

What is FinFloh used for?

Here’s a look at what FinFloh helps you achieve:

• Automated cash application: It handles matching payments to invoices automatically.
• 30% Reduction in DSO: This means you get paid faster, cutting down the average time it takes to collect payments.
• 20% Increase in Cash Flows: More cash coming in means a healthier business.
• 70% Reduction in Decision Making Time: Decisions about credit and collections are made much quicker.
• 50% Increase in Collections Efficiency: Your team gets better at collecting payments.
• Quickly connects with all platforms: It integrates easily with your existing systems.
• Reduced manual errors: Automation means fewer mistakes happen.
• Application of OCR in cash application: Uses optical character recognition to help with applying cash automatically.
• Better market insights: Provides information to help you understand the market better.
• Improved credit decisioning: Helps you make smarter choices about who to extend credit to.
• Reduction in DSO: (Repeated for emphasis on this key benefit)
• Increase in Cash Flows: (Repeated for emphasis)
• Reduction in Decision Making Time: (Repeated for emphasis)
• Increase in Collections Efficiency: (Repeated for emphasis)
• Quick connection with all platforms: (Repeated for emphasis)

Who is FinFloh for?

FinFloh is a great tool for:

• B2B finance teams
• CFOs (Chief Financial Officers)
• Finance professionals
• Accountants
• Accounts Receivable Teams
• Chief Financial Officers (also known as CFOs)

How to use FinFloh?

To get the most out of FinFloh, here’s a step-by-step guide:

1. Get to know FinFloh: First off, understand that FinFloh is an AI-powered software for automating global accounts receivables. Its main goal is to streamline your AR processes and make collecting payments more efficient.
2. Automate your AR process: Start by using FinFloh’s AI features. This includes things like sending follow-ups that are tailored to how each buyer typically responds, and using automated cash application to quickly match payments with invoices.
3. Boost your collections efficiency: Make the most of FinFloh’s AI automation. You can use it to lower your DSO, manage overdue accounts better, and organize your collections work, payment reminders, and risk alerts.
4. See how AI helps: The AI in FinFloh is key. It handles follow-ups automatically, helps you make smarter credit decisions, and even predicts payments by looking at market trends and buyer behavior.
5. Make communication easier: Use FinFloh’s collaborative platform to bring your teams together. This helps resolve issues faster and ultimately leads to better cash flow.
6. Forecast your cash flow: FinFloh can help you predict your cash flow. The AI analyzes trends and data to give you more accurate forecasts of incoming payments.
7. Integration and Data Security: Make sure FinFloh integrates smoothly with your existing ERP systems. It also prioritizes data security, complying with standards like SOC 2, GDPR, and ISO.
8. Cut down on manual work: Take advantage of features like automated cash application and AI-driven follow-ups. These significantly reduce the manual effort and potential for errors in your AR process.
9. Encourage team collaboration: Use FinFloh’s platform to improve how your finance team works together. This makes it easier to sort out disputes and ensure payments are collected smoothly.
10. Explore pricing and trials: Check out FinFloh’s pricing options, which can be customized. You can also book demos or try out trial versions to see the efficiency and benefits for yourself.

By following these steps, you’ll be well on your way to using FinFloh effectively to streamline your accounts receivables and improve how you collect payments.