Upflow

You can't improve what you don't measure. The analytics dashboards in Upflow aim to give our users a comprehensive view of their Accounts Receivable - what's happening, why it matters and what they can do about it. And the great news is - the analytics views you see in the video below are available in our free discover plan. Connect your billing tool in a couple of clicks and get real-time analytics on your AR performance - 100% free. Plus you'll get access to our in-depth benchmarking data when you sign up - we aggregate our customers data on DSO and many other metrics, making it available as benchmarks, so you can see where you stand compared to others. Sign up here: https://lnkd.in/eujC2J77

We are back at it this week welcoming another round of new clients! ?? Thank you for choosing us as your AR management partner ?? Traba connects industrial businesses with reliable workers to fill open shifts and empower both businesses and workers to reach their full productivity and potential. Prefect is an open-source workflow orchestration platform designed to help data and ML engineers build, monitor, and manage data pipelines with ease and efficiency. Start your journey to cash collection excellence today with our cutting-edge AR technology. Sign up for our free Discover plan ?? https://hubs.la/Q01Xghfp0 #Upflow #CashCollection #FinanceRevolution

Prior to Upflow, Malt's collections process relied heavily on?manual reminders sent to a large and ever-growing customer base. With the company growing rapidly throughout Europe,?the number of invoices was becoming difficult to track and manage. As Audrey Brunet, Finance Operations Lead at Malt, explains this wasn’t just a finance topic - getting on top of their cash collection was?a business priority. ??? “As a growing company, it was even more important to tackle this subject because we knew we needed to keep up, to adapt to the market and make sure that our invoicing processes were optimized to scale. If we couldn't do it, we simply couldn't continue the business.” Enter Upflow. The results? ?? DSO slashed by 58%:?Upflow's automated and customizable reminders ensured timely payments, significantly improving cash flow. ? 160+ hours won back each month:?Freed from chasing paper trails, Malt's finance team repurposed over 160 hours each month for higher-value tasks. ?? Happy clients, happy business:?Upflow empowers Malt to prioritize collection efforts, ensuring a smooth and personalized experience for their customers. This commitment to client satisfaction is a cornerstone of Malt's success. ?? Future-proofed scalability:?As Malt continues growing, Upflow has scaled seamlessly alongside them. Malt’s confidence in Upflow is evident in their doubled investment in 2024, ensuring a healthy cash flow and strong client relationships well into the future. Get the full story here: https://lnkd.in/ei3VkCte

DSO, or Days Sales Outstanding, is a measure of the average number of days that it takes for a company to collect payment after a sale has been made. And your company's business model and industry can have a major impact on it. That was one of many findings in our 'State of B2B Payments 2024' report. Based on aggregated data from inside the Upflow platform, we analyzed trends in how companies are getting paid today. So Services companies take longer to get paid than SaaS companies, right? Well, yes generally they do - but not always! Dive into the full report and get benchmarks for your industry and business model here: https://lnkd.in/gQPDBM8m

??? "With the higher interest rate environment, cash is more important now". Nicholas Wijnberg from Lorimer Ventures joined us for episode 3 of The Growth-Minded CFO Podcast, powered by Upflow. As an investor and fractional CFO, Nicholas has a unique perspective on the role of the finance leader in venture-backed startups. Tune in for more about his journey from an equity derivatives trader to a commercial banker, and eventually transitioning into venture capital and CFO roles. Nicholas discusses the importance of understanding investments, dreaming big, and aligning financial strategy with business growth. We think you'll enjoy this deep dive into the intersection of finance, investment, and growth-oriented leadership! Check out the full episode here: https://lnkd.in/ebXBRQQU (or search ‘The Growth-Minded CFO’ wherever you get your podcasts)

?? Imagine: you want to contact all your customers who don’t have a payment method on file, to request they add one. Our new Action Campaigns feature is here to make this kind of use case much easier! ?? Effortlessly send targeted emails to specific groups of customers, whether it's for payment requests, updates, or sharing important information. Simply bulk-select customers, select an action type, write the action content and send it automatically. More time saved to focus on what matters for your business! See it in action with a demo of Upflow. Request one here ?? https://upflow.io/demo #accountsreceivable #cashcollection #FRM

Our CEO and co-founder Alex Louisy was recently interviewed on the Clef de vo?te podcast, powered by Stellar. Check out the full episode (in french) and get ready to learn: ?? What a "filled product" is and how to launch it ?? The approach to selling a product in a market that needs to be educated ?? How to adapt your product to an immature target ?? How to align Product and Sales in 'Product Assisted Sales' ?? Why and how to take your B2B product international Listen in here: https://lnkd.in/e_btMRXB #podcast #interview #Upflow

"Since we've started with Upflow and Appoynt, very few of our invoices are hitting 90 days". Michelle Fisher of Reconciled speaks about her experience working with Appoynt and Upflow for the company's cash collection and accounts receivable. Michelle shared her experience with us at a recent dinner event we hosted in NYC, for the launch of Financial Relationship Management. #FRM #CashCollection #Finance

Last week, Charlie Phillips and Rueben Tauk headed over to London to connect with NetSuite's sales, solution consulting, and AMO teams ???? They discussed how businesses on NetSuite are using Upflow to streamline their cash collection processes and improve their bottom line. A big thank you to Ed Joby for hosting. We can't wait to collaborate more in the future! #partnership #NetSuite

How's that for ROI?! Guillaume Schwoob and the team at Adikteev faced challenges maintaining consistent focus on cash collection. Their DSO (Days Sales Outstanding) sat at an unhealthy 54 days, hindering their ability to invest and grow. ??? "For us, even one day of DSO means a large amount of cash. So reducing it by five days could lead to several million dollars of cash available." The results? ?? Old Debt Minimized For the three months from May to July 2023, Adikteev ’s aging balance indicated that an average of 71% of late invoices were overdue by 61 days or more. In under a year, this situation had improved drastically, with this figure dropping to 38% for the three months from March to May 2024. ? Time Saved With all collection actions automated, Adikteev saves a significant amount of time previously spent on manual follow-ups. With an average of 200 monthly automated actions (e.g. automated emails sent) conducted in the past year, we estimate that Adikteev has?saved?around 17 finance team hours per month. ?? Days Sales Outstanding (DSO) Reduced Adikteev quickly got back up to speed in their cash collection efforts,?slashing their DSO by 13 days in just 2 months. In real terms, that represented going from a 54-day DSO to just 41 days. They are now within reach of their target DSO and even achieved a low of 37 days in May 2024. ?? Collection Efficiency Index (CEI) Improved CEI measures the ability of collections staff to collect funds from customers. This measurement shows how much was collected from the pool of all available accounts receivables. 80% is generally considered a benchmark indicating a high-performing collections team, and?Adikteev saw their CEI jump from 60% to an impressive 87% in their first few months with Upflow. Read the full story: https://lnkd.in/dJUHKinu #cashcollection #accountsreceivable #DSO