Automated Payments and Reconciliation for Accounts Payable
Automate your payments with Peakflo!
Say goodbye to manual payments and streamline Your Finance Operations with Peakflo’s payment automation software.
"We have sent over 100,000 workflow guided payment reminders to our customers and now collect our accounts receivable 10-15 days (~20%) faster on average."
Ritchie Wong
Group CFO
"In the past year, Peakflo processed 72,000 invoices for our tenants, sent over automated reminders, and saved our AR team 2,300+ man-hours every single month, time our team now spends on growing the business instead of chasing payments."
Nicholas Paul
Head of Finance at Cove
"By using Peakflo’s invoicing and automated reminders, we’ve been able to decrease our average overdue days by 9 and increase invoicing efficiency by 100%."
Sahil Handa
Senior Manager
"Peakflo has helped us reduce our average overdue days by 7. Peakflo has the ability to customize each invoice reminder workflow based on the client's tagging and segmentation."
Villa Kartika Damayanti
Accounts Receivable Manager
"We've tried other global AR solutions like Upflow, but needed a localized solution for SE Asia. Peakflo has made it easy to manage our AR process, leading to better collections and lower DSO as we continue to grow."
Carl Cedarholm
VP of Finance
"Peakflo is amazing for tracking customer payments. It helps with sending reminders to customers regarding payments or new invoices issued. This greatly reduces our work for daily follow-ups."
Swati Sopariya
Accounts Receivable Lead
"With Peakflo’s automated payment reminders, we’ve been able to save 3003 man-hours in total. Our collections team has become more productive and the allocation of resources is more effective now."
Suvesh Sinha
Assistant Vice President
"Peakflo is easy and straightforward to use. Our team has been able to reduce manual work, streamline finance processes, and centralize collections data."
Alvia Lampa
Head of Finance
"We have saved more than 66 man-hours per month by automating payment reminders. Additionally, we are tracking the invoice due dates in real-time instead of using Excel."
Kyaw Soe Oo
Accountant
"Right from the first demo to our onboarding and then dedicated customer support everything was delightful and above expectations."
Rohan Sharma
Entrepreneur In Residence
"Peakflo has been an amazing partner for us. It has saved us approximately 50-60 man-hours per month in receivable collection operations through automated workflow and payments."
Satrio Wiavianto
Head of Operations
"Peakflo has a simple interface that is easy to use. It makes monitoring and collecting outstanding payments very easy for us. We've reduced our monthly overdues by 40% and DSO by 25%. The customization offered is an additional plus point."
Lee Chee Meng
Co-COO
"We appreciate the customized workflows as it allows us to create an optimal workflow that includes reminder emails, SMS messages, and phone calls. Overall, our Finance team is quite pleased with Peakflo's performance, we believe it does save time and effort in managing receivables."
Michelle Byrnes
Financial Controller
"Overall I'm very satisfied with the Peakflo system. It synchronizes seamlessly with our accounting software. The dashboard layout and reports are very helpful. Lastly it was very simple and easy to setup the workflows and trigger logic."
Fabian Loke
Accounts Receivable Manager
"Peakflo has helped our team a lot in terms of automated reminders, SMS reminders, and even letters of demand. We used to do this process manually. I love how Peakflo offers a lot of options and customizations in terms of editing workflows as well as the necessary placeholders for each reminder."
Emman S.
Senior Credit Analyst
"Peakflo is easy to access and learn. It’s very accommodating. Especially the daily review of my accounts and mostly the overdue accounts."
Merical Obosa
Finance team
"The Peakflo team was very efficient in understanding our requirements, and they developed customized solutions to make the day-to-day finance operations much more effortless."
Ranjith Av
Account Manager
Trusted By Global Enterprises Across Industries
What finance teams can achieve with Peakflo:
100%
streamlined payment experience
9
man-hours per month saved for every 200 invoice payments
80%
reduction in bill pay time
Fast and secure wallet top up
Easily top up the wallet with your preferred payment method and allow Peakflo to streamline your payments
Automated currency conversion
Peakflo simplifies cross-border payments by automating currency conversion at real-time exchange rates, eliminating manual intervention and reducing errors.
Have full visibility over all payment status in one place!
In a single view, check all the payment status and have visibility over failed, paid and unapplied payments.
Make advance payments with ease!
Your AP team can make advance payments in Peakflo and complete the payment upon receiving goods or services. Peakflo will automatically track the total amount due, record each payment, and update the invoice with payment details.
Automate payment approvals with smart workflows!
The AP team can add an additional safeguard to ensure invoices are processed properly by automating the payment approvals.
Payment approval workflows
Customize your approval process by setting up as many approval levels as needed, from team members to C-level executives and department heads. Easily establish approval levels tailored to specific payment amounts.
Rules-based approval routing
Smart workflows are also designed to handle complex approval matrices effortlessly with rules-based routing—ensuring your payments get approved in no time!
Auto-send payment receipts to your vendors!
You and your vendors can stay on top of every transaction and get notified instantly about the payout status with payment receipts attached with the payment reference number and TRN.
Get notified immediately when payments fail!
Peakflo will send a notification to your accounts payable team to inform them about payment failures. Your AP team can take timely action to fix the problem with the failed payment.
Easily track the audit trail and communications!
Peakflo's timeline captures all the changes, payments and approval trails. Your AP team can easily track all the changes and communications at a glance.
Allow Peakflo to sync all the details back to your ERP or accounting software!
Sync the transactions and three-way match to your accounting software and say goodbye to manual data exports and imports!
Success Stories
NRI
AP Automation
Before Peakflo, vendors manually submitted invoices in hard copy to NRI’s client. The Procurement team had to check if the received supporting documents or invoices are correct. Then, The Accounting (AP) team would recheck the invoice and input the details already processed by the Procurement team. For new vendors, the Procurement team would input the invoice using a template, and the approvers would manually validate and verify the purchase order details. This entire process was time-consuming for the procurement and AP team.
Haisia
AP Automation
Before Peakflo, every department in Hai Sia had to submit reimbursements and bills for approval via email or hardcopy documents. Approvals is also very hard to track. With Peakflo WhatsApp OCR, Hai Sia team need to only take a picture of the bill and send it to WhatsApp, and the bill entry gets automated. On top of it, Hai Sia team can track approvals, payments and vendor communication seamlessly in one place.
Gazzda
AR & AP Automation
Before Peakflo, Gazzda team had to manually send follow-up emails for 300 invoices per month. Gazzda team also had a hard time doing manual data entry for vendor invoices received by paper and track their status. With Peakflo, Gazzda can automate payment reminders. The scattered vendor invoice management became centralized and the vendor invoice processing has gotten much faster and easier.
Rey
AP Automation
Before Peakflo, manual bill approvals could take days and budget management could take a full month for the finance and other divisions in Rey. With Peakflo, Rey can now automate complex approval with the approval workflow. All bills and payments are assigned to a budget automatically and recorded in a structured manner, so the team wouldn’t spend so many hours doing budget recap.
Bharathi Homes
AP Automation
Peakflo’s customizable approval automation has been highly beneficial for our team, We’ve been able to save 200 man-hours per month. We have also automated manual tasks such as PO creation and 2-way matching and increased efficiency by 74%.
My Robin
AP Automation
Before Peakflo, the approvals were done using emails, and MyRobin’s finance team attempted to use Excel to track the approvals. Lack of approval workflow automation resulted in too much time being spent on manually chasing approvers and Excel did not provide any visibility over the audit trail for the team.
Vida
AP Automation
Peakflo approval workflows have been a great help for streamlining our purchase order and bill approvals. We’ve been able to save 20,254 man hours with Peakflo. We also no longer need to create reports manually and have saved 16 man hours by using Peakflo's out-of-the-box AP reports.
Construction Machinery
AP Automation
Before Peakflo, our client used Excel sheets and other tools for creating and managing their purchase orders and bills. The entire process was not centralized and the AP team had to spend many hours using different platforms for their invoice processing.