Peakflo + Jurnal:
Pay & Get Paid Seamlessly
Sync your bills and payments, charts of accounts, invoice status, and customizations adapted to your company's size and needs.
š„ Invite unlimited users with role controls for free
šø Cut bill pay time by 50%
ā Get paid 2x faster
š Eliminate double entry
š³ Pay international or domestic vendors
Trusted by 100+ Finance Teams
Finance Operations Made Easy with Peakflo + Mekari Jurnal ERP
Without Peakflo
Accounts Payable
Manual Procurement
Employees create purchase requisitions through Google Forms and email. The procurement team manually converts PRs to PQs and contacts vendors individually, then manually turns PQs into POs and sends them. PO issues are often missed due to the finance teamās lack of vendor communication access.
Manual Data Entry
Finance teams manually enter bills and supporting documents like shipping lists into their accounting software, spreadsheets, or templates, which often results in costly inaccuracies.
Manual PO Matching
Your AP team manually cross-checks purchase orders, invoices, and receiving documents. This process is time-consuming and prone to errors as it requires manual comparison to verify quantities, prices, and details across documents.
Manual Approvals
AP teams spend extensive hours chasing approvers through long email chains and decentralized delaying approvals when notifications are missed and preventing focus on higher-priority tasks.
Manual Vendor Payments
Manual payouts require finance teams to gather payment details, verify amounts, and process transactions through bank portals or checks, an effort-intensive process that involves chasing approvals through lengthy email chains, leading to delays and potential errors.
Inefficient Vendor Communications
Finance or procurement teams must repeatedly collect personal information and payment preferences from vendors. Each time there's an update on a PO or payment status, they must reach out again, complicating communications.
Siloed Internal Coordination
Fragmented communication within the finance team leads to delays in resolving billing issues, hindering efficient problem-solving.
Manual Reconciliation
The finance team manually audits transactions, with reconciliation taking up to 30 working days, causing inefficiencies and delays.
Lack of Control over Budgets and Spending
Departments track and manage budgets in separate spreadsheets, leading to inefficient, delayed reports and limited visibility into month-to-month spending for the finance team.
Manual Ledger Maintenance
Accountants spend significant time manually updating each transaction in the ledger, which consumes valuable time and fails to provide meaningful insights into the company's cash flow.
No Portal for Vendors
Vendors must manually check each PO and issue invoices, leading to mismatches in prices and quantities. Communications are scattered, and thereās no centralized visibility into payment statuses.
Accounts Receivable
Manual Payment Reminders
AR manager creates and sends manual payment reminders one by one, and manages invoice payment status on spreadsheets
Ineffective Customer Management
Account managers spend excessive time chasing different customers for follow-ups and managing disputes, often losing track of invoice changes and scattered communications. This leads to prolonged collection cycles and reduced team productivity.
Cumbersome Payment Process
Customers make payments to various bank accounts, requiring the AR manager to verify each payment individually, preventing automatic balance updates. The finance team must also handle disputes manually, which hampers productivity and efficiency
Manual Reconciliation
The AR manager manually reconciles each vendor payment, resolving any discrepancies with the finance team. This process can take up to a month to complete.
Manual Collections Tracking
AR managers, sales reps, and finance officers track payment statuses in spreadsheets, leading to siloed communication and delays.
Basic Financial Reporting
The finance manager manually creates detailed reports using spreadsheets to monitor customer credit limits and payment behavior, with no access to cash flow forecasts.
Manual Cash Application
Your AR team needs to manually match and apply incoming payments from customers to their corresponding invoices. This requires reviewing payment details, remittance information, and customer accounts manually which is error prone and time-consuming
With Peakflo
Accounts Payable
Centralized Procurement
Employees create purchase requisitions in a centralized platform. Once approved, PRs are seamlessly converted to purchase quotes (PQs) and sent to multiple vendors simultaneously. Approved PQs are then transformed into purchase orders (POs) with a single click and automatically shared with vendors.
AI-powered Invoice Capture
AI-powered invoice OCR automatically captures every invoice detail with unlimited custom fields, while seamlessly organizing invoices and supporting documents in 41 languages
AI-powered PO matching
Automate bill-to-purchase order matching using AI-powered OCR. Peakflo automatically matches all the line item details of your purchase orders, bills, and receipt notes and flags discrepancies. Your AP team can easily resolve discrepancies by communicating with vendors using Peakflo.
Automated Approvals
With smart approval workflow automation, Your AP team can simplify complex approval processes using flexible rules-based routing that adapts to any business requirement.
Automated Payments
By setting up a dedicated AP wallet, all the approved bills will be scheduled for payment based on the scheduled date. The vendors will receive the payment receipts automatically and the transaction will get synced into NetSuite
Streamlined Vendor Communications
Vendors with roles-based permissions can access Peakfloās intuitive vendor onboarding dashboard to securely update their personal details, add payment preferences, and check the status of their invoice paymentsāall in one place.
Teamwork Made Easy
Peakflo centralizes communications in a single platform, allowing the finance team to tag colleagues on specific bills for smooth collaboration and faster issue resolution.
Automated Reconciliation
Peakflo syncs seamlessly with NetSuite, automatically updating scheduled and paid bills, enabling the finance team to complete account reconciliations in just 15 minutes.
Real-Time Budget and Spending Tracking
Departments can track budgets in real-time and receive alerts before they reach their limits. The finance team gains full visibility over monthly spending, enabling more informed financial decisions.
Instant Ledger Reports
Accountants can quickly review and verify transactions with real-time, automated ledger reports, helping optimize cash flow management and financial accuracy.
Vendor Portal
Vendors can view all their PO statuses and details in one centralized portal, without being able to edit prices. They can issue invoices with a single click, while all communications are centralized and payment statuses are easily accessible.
Accounts Receivable
Automated Payment Reminders
With smart reminder workflows, AR teams can automate sending multi-channel reminders to different segments of customers based on payment behavior with pre-filled reminder details.
Finance CRM
Account managers can easily create and manage tasks, track customer responses, resolve disputes, and stay on top of pending and upcoming tasks. They can make calls, send multi-channel follow-ups, and respond to customersāall while Peakflo automatically records every communication and detail in a clear, centralized timeline.
Streamlined Payment Process
Peakflo's self-serve customer portal allows customers to make payments and raise disputes quickly. The finance team receives payments directly into their bank account and can manually enter off-platform payments, with balances automatically updated for seamless reconciliation.
Instant reconciliation
Finance teams can save up to 100 man-hours by using static and dynamic virtual accounts, enabling instant reconciliation and streamlining the process.
Real-Time Collections Tracking
All stakeholders can track invoice and payment statuses in real-time within an interactive workspace, ensuring seamless communication and up-to-date visibility.
AI-powered Reports & Predictions
The finance team gains access to detailed reports, predictive cash flow analytics, and credit control insights, along with customer payment status and behavior, to enhance decision-making and optimize collection strategies.
AI-Powered Cash Application
Peakflo's AI-powered remittance extraction automatically extracts the payment details and auto-matches the payment based on the remittance payment reference number. Peakflo AI can automatically identify and apply exception rules for discounts and taxes. Set up workflows for unapplied payment reminders, and let customers review and apply payments to invoices with one click.
What Our Customers Say
Peakflo seamlessly integrated into our existing NetSuite ERP and improved our finance team productivity significantly. We have sent over 100000 workflow guided payments and now collect our accounts receivable 10-15 days (-20%) higher than average.
Ritchie Wong
Group CFO, Ninja Van
days reduction in DSO
man-hours saved each month