CollBox Company Research Report

Company Overview

• Name: CollBox

• Mission: No information is available

• Founded By: No information is available

• Year of Foundation: No information is available

• Key People: Russell Fujioka (Strategic Advisor)

• Headquarters: Austin, TX

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: CollBox is widely recognized for helping medium-sized businesses (SMBs) manage their accounts receivable (A/R) through automation. Their platform assists businesses in streamlined invoice collection and cash flow management.

Products

Accounts Receivable Management Service

• Description: A comprehensive service offering automated and human-assisted follow-up on past-due invoices.

• Key Features:

• Auto follow-up for all aged receivables

• Seamless integration with existing accounting or billing software

• Strategic use of friendly automated emails and phone outreach via dedicated A/R specialists

• Dashboard with full transparency for ongoing communications and updates

• Ensures all clients remain satisfied with a gentle approach

Modern Collections for Non-Paying Customers

• Description: An additional service for effective collections that also features a higher success rate than the industry standard.

• Key Features:

• High success collection rate with ethical and reliable collection agencies

• Tracking of every debt until paid or resolved

• Clear risk-free cost details

Recent Developments

• New Products Launched: No specific new products were mentioned in the available data.

• Recent Features Added: CollBox has developed an automation feature, employing friendly automated email reminders and human calls for efficient invoice follow-up.

• Partnerships: In March 2020, CollBox partnered with Invoiced to enhance the payment recovery process for businesses, demonstrating a strategic alliance to bolster its service offerings and broaden reach.

Customer Testimonials

CollBox has been praised by its users for:

• Simplifying the collection process

• Providing a user-friendly interface

• Helping businesses increase cash flow by assisting with the collection of overdue invoices that might otherwise have been written off

Summary

CollBox is highlighted by users as an essential app simplifying A/R management, offering a human touch to invoice collections, and effectively transforming the process for SMBs. Its innovative approach, including partnerships and strategic advisor engagement, positions it favorably within the financial tech landscape focused on enhancing business cash flow and invoicing efficiency.