numberz: Accelerating Accounts Receivable Collections through AI Driven Enterprise Solution
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Cash flow management is one of the most important elementsof any successful business. Hence, understanding the company’s cash flow is imperative to make good investment decisions. And the right way to obtain an insight into a company’s cash flow prospect is by looking at the Working Capital Management of the company. Therefore, constantly improving the working capital is the prime goal of any business and Accounts receivables forms the major part of that goal.According to PWC working capital study 2018, and Euler Hermes 2018 Economic insights, about USD 1.1 trillion is stuck in unpaid invoices and 1 in 4 companies across the globe receives delayed payments. This is where Gurugram headquartered numberz comes to the aid of enterprises with its AI driven automated accounts receivable solution numberz AR. The solution enhances the Working Capital of businesses by significantly improving the speed, efficiency and effectiveness of collections.
Reduce DSO, Increase Transactional Visibility and Boost Team Productivity With a Plug and Play platform
The ML algorithms and team collaboration tools implemented by numberz AR, provide clear visibility to the clients about where the money is stuck. This makes it easier for financial institutions to track and collect money. Finance organizations use numberz AR every day to reduce DSO(Day Sales Outstanding), boost team productivity and increase transactional visibility.
Day sales outstanding are important because the speed at which the company collects cash is crucial to its efficiency and overall profitability.
The faster a company collects cash, the faster it can reinvest that cash to make more sales. numberz AR follows an easy integration approach and leverages its ability to connect with all the systems. It integrates with the existing ERP systems of enterprises to sync the invoicing data and configures the remainder automation which enables the clients to follow up with the customers through a custom made approach.
Further, the ageing reports generated by this solution helps in improving the collection activities. The collection follow up activity and tasks are tracked into a CRM specifically made for collections wherein the entire team has the visibility of accounts and hence can collaborate easily. While
ensuring the visibility and enabling collaboration, the solution also takes care of data security.
Since visibility is a major pain point for the clients, numberz solves it by providing dashboards to all customers of numberz,where in all the transactions that take place between the parties are made visible and they can put up their adjustments, claims and deductions etc. in order to remove the additional delay in payments. The customers have the choice to pay through mediums such as cards, net banking or UPI. numberz AR increases team efficiency by automating most of the manual tasks, which facilitates in boosting the team’s productivity.
Best of Financial Services Integrated with AR workflows
Incorporated in 2015, numberz is a FinTech firm that works towards a singular critical problem on how businesses can never run out of money. Backed by marquee investors like Sequoia Capital, Kae Capital & Khosla Impact, the team is associated with 150+ enterprises who manage their AR on this platform. Integrating with banks and other financial institutions, numberz brings in the best of financial services integrated with the AR workflows.
“Our AI driven solution helps enterprises in streamlining their AR process and accelerating collections. Unlike regular accounting systems that focus on the overall financial management, numberz focuses only on AR management and analytics,” says Aditya Tulsian, Co-Founder & CEO, numberz.
With presence across the US, India and Middle East, numberz brings in the global best practices across AR processes,financial technologies, banking and compliance.
Since visibility is a major pain point for the clients, numberz solves it by providing dashboards to all customers of numberz,where in all the transactions that take place between the parties are made visible and they can put up their adjustments, claims and deductions etc. in order to remove the additional delay in payments. The customers have the choice to pay through mediums such as cards, net banking or UPI. numberz AR increases team efficiency by automating most of the manual tasks, which facilitates in boosting the team’s productivity.
Our AI driven solution helps enterprises in streamlining their AR process and accelerating collections. Unlike regular accounting systems that focus on the overall financial management, numberz focuses only on AR management and analytics
Best of Financial Services Integrated with AR workflows
Incorporated in 2015, numberz is a FinTech firm that works towards a singular critical problem on how businesses can never run out of money. Backed by marquee investors like Sequoia Capital, Kae Capital & Khosla Impact, the team is associated with 150+ enterprises who manage their AR on this platform. Integrating with banks and other financial institutions, numberz brings in the best of financial services integrated with the AR workflows.
“Our AI driven solution helps enterprises in streamlining their AR process and accelerating collections. Unlike regular accounting systems that focus on the overall financial management, numberz focuses only on AR management and analytics,” says Aditya Tulsian, Co-Founder & CEO, numberz.
With presence across the US, India and Middle East, numberz brings in the global best practices across AR processes,financial technologies, banking and compliance.
