The accounts receivable automation (AR Automation) process means automating the production, sending, and collection of invoices. AR Automation involves using software, often with artificial intelligence and machine learning technology, to streamline the AR collections process.
Peakflo announces its seed funding
On July 6th 2022, Peakflo announced its $4.1M seed funding from Y Combinator, Rebel Fund, Amino Capital, Soma Capital, GMO Fintech Fund, CE Fintech Capital, GFC, EF and Angel Investors (such as Oliver Jung, Amrish Rau, Alexander Kudlich and XA network).
We all have heard that liquidity often proves more critical for a business than profitability. Accounts receivable directly impact a business’s liquidity. Yet, we see so many businesses undermining AR as a key metric for business growth.