Meet Flowie, a brand new French startup that wishes to facilitate cash actions between corporations. The corporate centralizes the whole lot associated to accounts receivable and accounts payable so that everybody within the firm can see related info in terms of getting paid by shoppers and receiving cash from suppliers.
Flowie was began by Yann Ravel-Sibillot, Rémi Legorrec and Aurélie Hadida. Particularly, the corporate’s CEO already has loads of experiences in terms of managing invoices at scale. He was the CTO of Large Mamma and labored on Sunday, a quick restaurant checkout stream.
With this new startup, the Flowie crew needs to enhance how corporations deal with invoices. Flowie acts as a central repository for all of your transactional knowledge.
It connects with all of your current instruments, such because the ERP system that holds your contracts, order numbers, receipt slips, and many others. Flowie additionally integrates together with your CRM as a way to get some context concerning the relationship with a consumer or a provider. Lastly, it additionally connects together with your checking account in order that it may well see in case you acquired a fee and provoke new funds.
As an example, once you obtain an bill from a provider, often the particular person answerable for accounting doesn’t actually know in the event that they’re purported to pay this provider. Possibly your organization by no means acquired 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 supply context.
When a transaction is permitted, you may both select to pay it now or pay it in some unspecified time in the future sooner or later. When you 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 facet of the equation, in terms of 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 completely different fee strategies. They’ll pay with a financial institution switch, a card fee or a direct debit. Flowie additionally permits you to supply 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 lots of of thousands and thousands of euros in invoices on its platform.