No more manual cash application or reconciliation for your finance team!
Make month-end-closing a breeze with Peakflo's automated account reconciliation and cash application!
Trusted by 100+ Finance Teams
Why finance leaders choose Peakflo
Tired of chasing customers manually for cash application?
If your finance team is spending their precious time on chasing customers manually for cash application, itâs time to streamline the whole process with Peakflo!
Setup workflow for unapplied payment reminders to customer based on your payment reconciliation frequency
If your customer has already made payments to you, set automated reminders that gets triggered to your customer and they can indicate which invoice they are paying for.
Allow customers to seamlessly apply payments against invoices!
Bypass all the back and forth communications with your customers by allowing their accounts payable team to have visibility over unapplied payments and apply payments against each invoice.
Cash application done by your customers
Customers can easily check their unapplied payments and apply the payment to correct invoices with a single click!
Partial cash application
Your customers can also apply partial payments to invoices and check their remaining overdue payments.
Centralize communications with your enterprise clients!
Do you have enterprise clients that may not do cash application through Peakflo portal? Your customers can also reply to the unapplied payments reminder email and their responses will be captured in Peakfloâs centralized dashboard.
Never miss a customer reply!
Once your client replies to your email, the customer reply will appear as a task in Peakflo and will get auto-assigned to your accounts receivable team. They can apply the payment or respond to the customer queries directly from Peakfloâs finance CRM.
Cash application made easy with Peakflo OCR!
If your customers prefer to share their payment receipt with you instead of performing cash application, Peakfloâs got you covered! With cash application OCR, all your customers need to do is to email the receipt to Peakflo OCR email and let the magic happen!
Automated cash application
Peakflo will create an unapplied payment from the auto-scanned receipt and automatically applies it to the overdue invoice based on the reference number.Â
Edit and validate
You can easily check the payment receipt attachment and validate the cash applications. Your AR team can easily edit the details.
Easily identify which customer is making a payment!
Unburden your customers to add your company's payment details for every payment. With Peakflo, each of your customers will have their dedicated and unique virtual accounts for easier payments and automatic reconciliation.
Virtual accounts
Create unique static and dynamic virtual accounts for your customers with and without expiration (Indonesia & Singapore only).
Fast & secure
Your customers can make payments securely to your company without any hassle.
Track your revenue collection in real-time!
Access a secure wallet for all your receivables and track all the transactions in real-time.
Payments page subsection
Access Peakflo's payments page and check the status of paid invoices in real-time.
Daily auto-disbursements of collections
Automatically receive the collected payments in to your local bank account daily.
Make account reconciliation a breeze!
Your finance team does not need to spend weeks on month-end closing. Peakflo will automate reconciliations for you and sync the data to your accounting software
One-click integration
Integrate your accounting software with Peakflo without disturbing your current finance process.
Become error-free
Say goodbye to bank statements and transactions mismatch and errors.
Success Stories
How Ninja Van saves 1000+ manhours/month and reduced DSO by 12 days using Peakflo
Ninja Van issues 10,000 invoices per month to customers with different requirements. Before Peakflo, Ninja Van needs to prepare the invoices manually. Not to mention the effort needed to follow up and resolve disputes. With Peakflo and Netsuite 2-Way-Sync, NinjaVan is able to issue custom invoicing smoother based on specific field mapping. The customer portal also centralizes communication and dispute management with customers.
How InMobi decreased their Average overdue days by 9 and increased invoicing efficiency by 100%
Before Peakflo, InMobi AR team had to create invoices manually with many customizations unique to different regions across the globe. Now, with Peakflo, InMobi can create GST tax invoices with high customization, like HSN/ SAC code, QR code, GSTIN, and e-signatures. Following up on unpaid invoices also made easy with real-time reports.
How EverPlateâs operational team saves 60 man-hours per month, gets paid 15 days faster with Peakflo
EverPlateâs operational team, coming from a non-finance background, had a difficult time issuing invoices and tracking payments, resulting in incredibly tight cash flows and wasted man-hours spent doing repetitive tasks. With Peakflo's centralized dashboard, Everplate is able to track invoice status accurately and make customized multi-channel payment reminders
How Gazzda improved DSO by 8 days by automating payment reminders and saved 72 man-hours per month on vendor invoice data entry and payments.
Before Peakflo, Gazzda team had to manually send follow-up emails for 300 invoices per month. Gazzda team also had a hard time doing manual data entry for vendor invoices received by paper and track their status. With Peakflo, Gazzda can automate payment reminders. The scattered vendor invoice management became centralized and the vendor invoice processing has gotten much faster and easier.
How Janio reduced the DSO of over 1,000 customers to 40 days using Peakflo
Before Peakflo, Janio didnât have any visibility into their collections process, making it challenging to plan their budgets. They also need to follow-up manually on 5,000 invoices/month. With Peakfloâs customer status tracking report, Janio is able to see customersâ payment behavior and timeline. The automated reminder workflow also remove the needs to manually follow-up on customer payments.
How Pickupp's finance-ops increased productivity by 30% using Peakflo
Before Peakflo, Pickupp had a manual process for collecting and monitoring outstanding payments. This manual approach has led to data silos in communications. With Peakflo easy-to-use interface, monitoring and collecting outstanding payments is very easy. As a result, Pickupp reduced monthly overdue by 40% and DSO by 25%.
How EstimateOne saves 376 hours and collects AU$ 83.3k faster with Peakflo
EstimateOneâs three-women financial team had a tough time recording payment status in spreadsheets â which didnât provide them much visibility on overdue invoices. With Peakflo reports and real-time tracking, EstimateOne was able to gain more insights into customersâ invoice status through the comprehensive reports, making collection much easier and faster.
How Glints improved their average overdue days by 7 and invoice reminder follow up efficiency by 95%
Before Peakflo, Glints team had to sent invoice reminders one by one manually from their accounting software. The process of sending and personalizing took around a full day. With Peakfloâs automated workflows, now Glints team automatically sends all the invoice reminders through emails to their customers and reduce DSO.
How ArisInfra saves 3003 man-hours in a year with Peakflo
ArisInfraâs collections team sent email reminders manually and it took a five-person team to handle all these follow ups. With Peakfloâs automated workflows, now ArisInfraâs finance team automatically sends all the invoice reminders through emails. Now, just one person checks on the automated reminders and tracking customer payments
How WE! Interactive saves 66 man-hours per month by automating invoice reminders
WE! Interactive, as a Xero accounting software user, needs to send reminders that were sent out one at a time and only through email. With Peakfloâs automated workflows, now We! Interactive accounting team automatically sends all the invoice reminders through email to their customers.
How Advance PH saved almost 300 man-hours per month on automating invoices collections
Before using Peakflo, Advance used Google sheets to send around 500 invoices and send manual email reminders to their customers. It took around half a day every day. With Peakflo automated workflows, now Advance finance team automatically sends all the invoice reminders through emails to their customers and their team is able to focus on more value-added tasks.
How Driver Logistics reduced average overdue days by 16 and increased receivable efficiency by 35% with Peakflo.
The Peakflo team was very efficient in understanding our requirements, and they developed customized solutions to make the day-to-day finance operations much more effortless. Weâve been able to reduce our average overdue days by 16 and increase our receivable efficiency by 35%.
Connect your Accounting Software/ERP to Peakflo
Turbocharge your accounting software with Peakflo or import your data seamlessly.
Integrate and leverage the power of automation without affecting the way you work.
Get Started!Import your CSV/XLSX
Connect through Peakflo API/ SFTP
Make month-end-closing a breeze with Peakflo's automated account reconciliation and cash application!
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FAQ
- How to connect my accounting software to Peakflo?
- How does the automated reconciliation work?
- What are static and dynamic virtual accounts?
- In which countries Peakflo static and dynamic accounts are available?
- How can I create static and dynamic virtual accounts?
- How does Peakflo's accounts receivable wallet work?
- How is receiving multi-currency payments factored in Peakflo?
- Does the virtual account need to be dynamic and change with each invoice payment?
- Is it possible to use the payment section without using wallets?
- Will we have dedicated support for customizations?
- For automated reconciliations, is it a must to create virtual accounts with Peakflo?
- Will the money be collected and kept in Peakflo wallet and then transferred to the company account or will it directly get to the company account?