Say goodbye to manual cash application!
Make month-end-closing a breeze with Peakflo's cash application automation!
Trusted by 100+ Finance Teams
Why finance leaders choose Peakflo
Say goodbye to manual bank feed imports!
If your finance team is tired of manually importing bank statements from different bank accounts, Peakflo's got you covered!
Peakflo can easily integrate with all major banks and sync all bank transactions in real-time.
Put your 3-way matching on auto-pilot!
Instead of your finance team manually going through 3-way matching, Peakflo will automatically match the remittance details to the invoice and bank statements and flag any mismatches.
Extract remittance details automatically!
If your customers prefer to share their payment receipts directly, Peakflo has a solution for you! With Peakflo's automated remittance extraction, all your customers need to do is email the remittance to a dedicated address and let the magic happen!
AI-powered Remittance Extraction
Peakflo's AI-powered remittance extraction automatically extracts the payment details from emails, PDFs, CSV, XLS files, or even cheques, and auto-matches the payment based on the remittance payment reference number.
Use rules engine for smarter exception handling!
If your finance team requires smarter and more flexible ways of handling cash application exceptions, all they need to do is set up exception rules!
Automate payment discounts & withholding tax treatments
Based on payment details such as the customer's name or the payment date, Peakflo AI can automatically identify and apply exception rules for discounts and taxes.
Make partial cash application a breeze!
Handling partial cash application from customers can be a hassle, especially when your AR team has to sort through countless payment details. But with Peakflo, this process is now effortless!
Intelligent Partial Matching with Probability Scores
Peakflo automates the matching of invoices to payments, leveraging advanced algorithms to provide a probability score for each match. This allows your AR team to quickly review and validate the most likely matches with confidence.
If all else fails, automate cash application with customer follow ups!
If your finance team is still unable to streamline the cash application process, Peakfloās automated unapplied payment reminders will save the day!
Setup workflow for unapplied payment reminders to customer based on your payment reconciliation frequency
If your customers have already made payments, easily set automated reminders based on the unapplied payments. The reminder will be sent to your customer, allowing them to specify the invoice for which the payment is intended.
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 cash against each invoice.
Cash application done by your customers
Customers can easily check their unapplied payments and apply full or partial payments to correct invoices with a single click!
Centralize enterprise client communications!
If your enterprise clients cannot do cash application annually, once they reply to your reminder email with the receipt, 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 Peakfloās finance CRM.
Make account reconciliation a breeze with touchless posting!
Audit season no longer needs to be a nightmare for your team! Achieve same-day closing with Peakfloās smart auto-matching and automate all the information back to your accounting software or ERP.
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 EverPlateās operational team saves 60 man-hours per month, gets paid 15 days faster with Peakflo
EverPlateās 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 didnāt 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 Peakfloās customer status tracking report, Janio is able to see customersā 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, PickuppĀ reduced monthly overdue by 40% and DSO by 25%.
How EstimateOne saves 376 hours and collects AU$ 83.3k faster with Peakflo
EstimateOneās three-women financial team had a tough time recording payment status in spreadsheets ā which didnāt provide them much visibility on overdue invoices. With Peakflo reports and real-time tracking, EstimateOne was able to gain more insights into customersā 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 Peakfloās 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
ArisInfraās collections team sent email reminders manually and it took a five-person team to handle all these follow ups. With Peakfloās automated workflows, now ArisInfraās 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 Peakfloās 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. Weāve 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!
Discover Peakflo
Featured On
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?