Most enterprise invoices are never paid from an emailed invoice. Across the $2B+ in receivables Monk manages, 92% have to be submitted through the buyer accounts payable portal instead, and a failed submission is usually silent.
Monk is an AI-native accounts receivable platform built around that problem. It files invoices into more than 600 corporate AP portals, including Coupa, Ariba and SAP Business Network, uploads 87% without a person, and brings each rejection back onto the invoice record with the reason attached.
Collections runs on the same data. Julia, the Monk agent for Intelligent Collections, reads inbound replies and answers what the customer wrote instead of advancing a dunning schedule, clearing 90% of invoices without escalation. Outbound mail sends through your existing Gmail or Microsoft 365 mailbox.
Payments match at 80%, rising to 95% once rules are added. Runs on QuickBooks, NetSuite or Dynamics 365 Business Central. SOC 2 Type II. Live in one to three days.
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Save 90% for 6 months on Xero's award-winning accounting and online bookkeeping platform. Beautifully simple, Xero offers a wide range of features that help businesses manage their numbers effortlessly, including invoicing, inventory management, bank connections, payroll, reporting, and app integrations for a seamless user experience. Xero offers plans for businesses of any size, with room to grow.
Xero provides a comprehensive ecosystem of integrated apps and connections to banks and financial institutions, allowing small businesses to access a variety of solutions within its open platform to efficiently manage their operations and finances. For accounting and bookkeeping practices, Xero offers powerful compliance tools, intelligent practice management software, and a centralized cloud-based accounting ledger for all clients, accessible in one place.
Xero automates data entry by pulling sales and expense records directly from banks, invoicing apps, point-of-sale systems, and more. It securely connects to business bank accounts, eliminating manual data input, while smart bank reconciliation learns user preferences to streamline the process.
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Mercury Books
Mercury Books offers fully integrated double-entry accounting software within a Mercury account, seamlessly merging banking and bookkeeping to ensure that financial records remain thorough, up-to-date, and precise. The software automatically tracks activities across various Mercury services like banking, cards, invoicing, and bill payments, categorizing transactions and reconciling accounts in real time without the need for manual data imports or exports. Users have the option to select either cash or accrual accounting methods and can easily generate essential financial reports, including profit and loss statements, cash flow statements, and balance sheets with real-time data. Additionally, businesses can link external bank accounts, credit cards, and platforms like Stripe, PayPal, and Gusto for a more comprehensive financial overview. Enhanced by Command AI, Mercury Books provides an intelligent interface that allows users to inquire about expenditures, trends, and general ledger codes based on their account information. Furthermore, it simplifies various accounting tasks such as drafting journal entries, structuring the chart of accounts, and sorting transactions efficiently. This innovative approach not only streamlines financial management but also empowers businesses to make informed decisions quickly.
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Tailride
Tailride is a smart AI-driven invoice automation tool designed for fast-growing companies and accounting teams. It continuously scans inboxes to detect and extract invoices automatically. Unlike basic receipt apps, Tailride connects natively to email accounts for full visibility. The platform supports invoices from emails, attachments, websites, and physical receipts. AI processing populates invoice details and applies custom classification rules. Tailride integrates with accounting software, cloud storage, and spreadsheets to keep data flowing. Reconciliation tools match invoices with bank statements to identify missing documents. Multi-user support allows teams to connect multiple inboxes effortlessly. Tailride operates quietly in the background with high accuracy. The platform helps teams reduce manual work and close books faster.
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