Lunos AI

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

Lunos AI automates accounts receivable and payable processes, handling collections, dispute management, cash application, and customer portal uploads.

Lunos AI is an AI-powered platform designed to automate and streamline accounts receivable (AR) and accounts payable (AP) operations for businesses. It acts as an AI partner, managing tasks such as collections, dispute resolution, cash application, and customer portal uploads. The platform aims to reduce manual AR work by automating outreach, replies, and follow-ups, understanding intent from messages, and keeping the collection process moving without requiring constant human intervention. Lunos connects with existing finance software like ERP, CRM, and payment tools (e.g., NetSuite, Xero, QuickBooks, Salesforce, HubSpot, Stripe) to provide a unified view of receivables. It analyzes customer accounts daily to make decisions on getting paid while maintaining customer relationships. The AI handles personalized communications, follows up on payment promises, and assists with invoice issues. It also helps find and update finance contacts, routing messages to decision-makers and managing out-of-office scenarios. For AP, it aims to automate inbox management and provides a free cash flow forecast.

Key Features

AI-powered collections outreach and follow-up
Dispute management and resolution
Reconciliation and cash application
Customer portal uploads automation
Payment orchestration
Cash flow forecasting
Integration with ERP/CRM/payment systems
Automated contact finding and updating

Pros

Automates repetitive AR tasks, freeing up human teams
Connects fragmented systems into a single view
Reduces Days Sales Outstanding (DSO) and improves cash flow
Scales effortlessly for varying account volumes
Maintains personalized customer relationships through AI conversations
Provides clear visibility and control over AR processes

Cons

Pricing for Growth and Enterprise tiers can be substantial for smaller businesses
Requires integration with existing finance software for full functionality
Specific details on API availability are not explicitly stated
The 'Pay as you go' plan has user and entity limitations
May require initial setup and learning period for optimal performance

Use Cases

Automating customer outreach for overdue invoices
Managing and resolving customer payment disputes
Streamlining cash application and reconciliation processes
Automating uploads to customer AP portals
Improving cash flow and reducing DSO
Providing a unified view of AR data across multiple systems

Best For

Accounts Receivable Analysts
Controllers
CFOs
Finance teams in businesses of all sizes
Companies looking to automate collections and cash application

Integrations: NetSuite, Xero, QuickBooks, Salesforce, HubSpot, Stripe

Platforms: Web

Watch demo on YouTube ↗

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