Meet Flowie, a brand new French startup that desires to facilitate cash actions between firms. The corporate centralizes all the things associated to accounts receivable and accounts payable so that everybody within the firm can see related data on the subject of getting paid by shoppers and receiving cash from suppliers.

Flowie was began by Yann Ravel-Sibillot, Rémi Legorrec and Aurélie Hadida. Specifically, the corporate’s CEO already has loads of experiences on the subject of managing invoices at scale. He was the CTO of Huge Mamma and labored on Sunday, a quick restaurant checkout move.

With this new startup, the Flowie staff desires to enhance how firms deal with invoices. Flowie acts as a central repository for all of your transactional information.

It connects with all of your present instruments, such because the ERP system that holds your contracts, order numbers, receipt slips, and many others. Flowie additionally integrates together with your CRM so as to get some context in regards to the relationship with a consumer or a provider. Lastly, it additionally connects together with your checking account in order that it could possibly see when you obtained a cost and provoke new funds.

As an example, if you obtain an bill from a provider, often the individual in control of accounting doesn’t actually know in the event that they’re speculated to pay this provider. Possibly your organization by no means obtained what you paid for.

As a substitute of getting an inner dialog and creating friction, anyone can validate transactions on Flowie. The platform robotically tries to fetch data from the bill and folks within the firm can add recordsdata to offer context.

When a transaction is accepted, you’ll be able to both select to pay it now or pay it in some unspecified time in the future sooner or later. Should you schedule a future cost, you’ll be able to notify your provider that the cost has been scheduled and there’s no must get again to you about that pending bill.

On the opposite aspect of the equation, on the subject of accounts receivables, firms 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 cost strategies. They will pay with a financial institution switch, a card cost or a direct debit. Flowie additionally enables you to supply early cost reductions.

It’s nonetheless early days for the startup. The corporate has raised a bit of cash from enterprise angels and there are 11 folks engaged on the product. However the firm has already tracked a whole lot of hundreds of thousands of euros in invoices on its platform.