Company Research Report: Peakflo

Company Overview

Name: Peakflo

Mission of the Company: "We at Peakflo want to empower Asian B2B businesses to achieve Peak cash flows so that they thrive as the backbone of the economy and create millions of jobs!"

Founded: 2021

Founders: Saurabh Chauhan and Dmitry Vedenyapin

Key People:

• Saurabh Chauhan, Co-Founder and CEO

• Dmitry Vedenyapin, Co-Founder and CTO

Headquarters: Singapore, Singapore

Number of Employees: 45 employees

What is the Company Known For: Peakflo is renowned for providing software that automates accounts payable and receivable processes, travel and expense management, and payment automation for businesses. Their services are particularly valuable for SE Asia markets.

Products

Accounts Payable Software

• Description: It automates the accounts payable process, including purchase request creation, purchase order creation, 2-way and 3-way matching, AI-powered invoice capture, approval automation, and automated disbursement and reconciliation.

Key Features:

• Purchase Request (PR) Creation

• AI-Powered Invoice Capture

• Approval Automation

• Auto Disbursement & Reconciliation

• Vendor Onboarding Management

• Vendor Portal

• WhatsApp Vendor Portal

• Vendor Reconciliation

Accounts Receivable Software

• Description: Streamlines the accounts receivable process with automation of payment reminders, finance CRM integration, and cash application capabilities.

Key Features:

• Proforma Invoice Validation

• Invoicing

• Finance CRM

• Payment Reminder Automation

• Customer Portal

• AI-powered Reports

• Cash Application

Travel & Expense Management

• Description: Streamlines travel requests, expense reports, and reimbursements management to reduce administrative overhead.

Key Features:

• Mass employee upload

• Define expense policies

• Manage expense categories

• Mileage & fuel reimbursements

• Dynamic Per Diem expense limits

• Complex approval workflows

• AI-powered expense capture

• 2-way matching for expenses

Payment Automation

• Description: Offers end-to-end payment solutions from collections to mass payouts for marketplaces.

Key Features:

• Revenue collection automation

• Vendor payout rules integration

• Bank account validations and automated disbursements

Cash Flow Management

• Description: Provides tools for better managing and optimizing a company’s cash flow.

Key Features:

• Real-time insights

• Customizable reports

• Integration with ERP systems

Recent Developments

Recent Developments:

• Peakflo has renewed its SOC 2 Type 2 Certification, ensuring the highest standards for security and data protection.

• They received the "Users Love Us" badge from G2, highlighting their positive customer experience.

New Products Launched:

• Expansion of Accounts Payable and Accounts Receivable modules with advanced AI-powered features.

• Introduction of Travel & Expense Management automation solutions.

New Features Added:

• Automated WhatsApp and email notification capabilities for vendor communications.

• OCR capability for WhatsApp vendor portal.

• AI-powered invoice capture and 2-way/3-way matching.

• Advanced budget management and real-time budget tracking.

New Partnerships:

• Integration partnerships with ERP solutions like Xero, QuickBooks, Oracle Netsuite, Microsoft Dynamics 365, Zoho, and Jurnal to enhance seamless data flows and automation.

Success Stories

Ninja Van

• Success: Saved 1000+ man-hours/month and reduced DSO by 12 days.

InMobi

• Success: Decreased average overdue days by 9 and increased invoicing efficiency by 100%.

EverPlate Indonesia

• Success: Saved 60 man-hours per month and got paid 15 days faster.

Gazzda

• Success: Improved DSO by 8 days and saved 72 man-hours per month on vendor invoice data entry and payments.

Hai Sia Seafood

• Success: Saved 66 man-hours per month and reduced bill pay time by 80%.

Rey

• Success: Saved 89% time and 210 man-hours per month on payment approval and budget management.

Janio

• Success: Reduced the DSO of over 1,000 customers to 40 days.

Pickupp

• Success: Increased finance productivity by 30% and reduced monthly overdues by 40%.

EstimateOne

• Success: Saved 376 hours and collected AU$ 83.3k faster.

This information-rich and thoroughly organized report provides a clear and comprehensive overview of Peakflo’s capabilities and recent milestones.