What it sells
AI accounts-payable automation: invoice capture and coding, approvals and vendor payments for finance teams.
Business model breakdown
Buyer: who owns the budget?
CFOs, controllers and AP managers (with approvers as users); dedicated role pages for each.
Trigger: what makes them buy now?
UnverifiedManual invoice entry, manual GL coding, rigid approvals and slow AP implementations (site contrasts "generic AP" with up to 6-month setups).
Workflow: what inputs become what output?
Scan invoices (header, footer, line items, claimed 98% accuracy), auto-code to GL, route through custom approval workflows, match to POs, then pay vendors by check, ACH or virtual card, synced to the ERP/accounting system.
Economics: what it saves and how it charges
Software for AP automation; clients earn cash back on invoices paid by virtual card or enhanced ACH. Claims 80% less invoice time, about $18K/year average early-payment discounts uncovered, approval cycle from 3 days to under 1.
Distribution: how it reaches customers
Demo-led ("Book a Demo"), integrations with NetSuite, QuickBooks, Sage, Acumatica, Dynamics; dedicated customer success managers.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-09-26 | Series B | $160M | FTV Capital | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-13.