Meet Flowie, a brand new French startup that wishes to facilitate cash actions between corporations. The corporate centralizes every part associated to accounts receivable and accounts payable so that everybody within the firm can see related info in relation to getting paid by shoppers and receiving cash from suppliers.
Flowie was began by Yann Ravel-Sibillot, Rémi Legorrec and Aurélie Hadida. Specifically, the corporate’s CEO already has loads of experiences in relation to managing invoices at scale. He was the CTO of Huge Mamma and labored on Sunday, a quick restaurant checkout stream.
With this new startup, the Flowie staff needs to enhance how corporations deal with invoices. Flowie acts as a central repository for all of your transactional information.
It connects with all of your current instruments, such because the ERP system that holds your contracts, order numbers, receipt slips, and so forth. Flowie additionally integrates along with your CRM to be able to get some context concerning the relationship with a consumer or a provider. Lastly, it additionally connects along with your checking account in order that it might probably see if you happen to obtained a fee and provoke new funds.
For example, while you obtain an bill from a provider, often the particular person answerable for accounting doesn’t actually know in the event that they’re imagined to pay this provider. Perhaps your organization by no means obtained what you paid for.
As an alternative of getting an inside dialog and creating friction, anyone can validate transactions on Flowie. The platform routinely tries to fetch info from the bill and other people within the firm can add information to offer context.
When a transaction is accredited, you may both select to pay it now or pay it in some unspecified time in the future sooner or later. For those who schedule a future fee, you may notify your provider that the fee has been scheduled and there’s no must get again to you about that pending bill.
On the opposite aspect of the equation, in relation to accounts receivables, corporations can add an bill on Flowie. It’s transformed into an e-invoice with a QR code. Purchasers can click on on a hyperlink and see totally different fee strategies. They will pay with a financial institution switch, a card fee or a direct debit. Flowie additionally enables you to provide early fee reductions.
It’s nonetheless early days for the startup. The corporate has raised a bit of cash from enterprise angels and there are 11 individuals engaged on the product. However the firm has already tracked tons of of thousands and thousands of euros in invoices on its platform.
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