Fazeshift - AI Accounts Receivable

Categories: Business & Sales, Automation / Agents, Finance | Pricing: Enterprise | Official Website ↗

Fazeshift uses AI agents to automate accounts receivable processes like invoicing, payment matching, and customer communications.

Fazeshift provides AI agents designed to automate various accounts receivable (AR) processes, aiming to eliminate bottlenecks and improve efficiency. The platform integrates with existing systems, allowing businesses to automate tasks without needing to replace their current infrastructure. Key functionalities include managing high invoice volumes, complex payment matching, and automating customer communications related to collections. The suite of AI agents covers specific AR functions such as Cash Application, Collections, AI Contract Review, Billing Agent, Payment Portal, Credit Agent, Payment Dispute Agent, and Onboarding Agent. Fazeshift emphasizes enterprise-level security, including SOC 1 & 2 Type II compliance, GDPR compliance, SSO capability, advanced user permissions, and a Zero-Data Retention Agreement with OpenAI to ensure data privacy and protection.

Key Features

Cash Application automation
Collections automation (statements, reminders, responses)
AI Contract Review
Billing Agent (sales contract to invoice conversion)
Payment Portal for self-service
Credit Agent (credit report retrieval, limit setting)
Payment Dispute Agent (tracking, responding)
Onboarding Agent (billing detail population)

Pros

Automates end-to-end accounts receivable processes
Reduces time spent on AR tasks by up to 90%
Decreases Days Sales Outstanding (DSO) by 50%
Accelerates average payment time by 40%
Integrates with existing systems without requiring rip-and-replace
Ensures high data security with SOC 1 & 2 Type II, GDPR, and Zero-Data Retention

Cons

Pricing information is not transparently available
Requires booking a demo to understand the product fully
Specific integration list is not fully detailed
No free plan or trial mentioned
Focuses exclusively on accounts receivable, not broader financial management

Use Cases

Automating cash application for intricate parent-child company structures
Sending automated payment reminders and managing customer payment discussions
Converting sales contracts into subscriptions or invoices in billing systems
Creating self-serve payment portals for customers
Managing credit reports and setting credit limits
Responding to payment disputes and tracking invoice statuses

Best For

Finance departments in large enterprises
Companies with high invoice volumes and complex payment matching needs
Businesses looking to reduce manual AR workflows
Organizations prioritizing data security in financial operations

Integrations: Stripe, NetSuite, Sage Intacct, SAP, Salesforce, ERP systems, CRM systems, Billing systems, Email systems, Bank systems

Platforms: Web

Watch demo on YouTube ↗

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