Accounts Payable Automation Powered by Machine Learning

BENGALURU, India - Aug. 19, 2019 - PRLog -- Finly is a SaaS-based platform which allows businesses to automate, track, and streamline business spends, ensuring efficiency in the finance department coupled with control & cost savings. Driven by machine learning to automate and control accounts payable, Finly is suitable for medium-sized large enterprises as it provides the CFO with complete visibility and control over company expenditures with the robust policy framework & information reports. Designed with four distinct products, Finly enables
Expense Management that captures every Business Expense on the fly, Payment Automation to automate all the business banking payments, E-Procurement system to
Streamline Purchase Process and control Business Spend and Budget, and Insights to save and gain Finance Control by automating Accounts Payable. The flagship product is real-time budgeting and spending report automation. With the use of guided Machine Learning, and evidence-based reasoning technologies to reveal hidden patterns of fraud, waste, and misuse that a person would find impossible. Finly is working with CFOs & Banking Experts in designing new products to enable finance teams with tools and data to automate their finance operations. At Finly, we believe that the next generation of Finance teams would not spend time on manual work carrying out their day-to-day operations, they would be performing critical tasks of analyzing & tracking key metrics relevant to the company's growth. All payments are automatically captured and processed through the policy framework before feeding the same into an Accounting System. Finly connects various stakeholders within the business, the bank account/ payment system of the company with the accounting ERP. The organization consists of a product designing team, enterprise sales, digital marketing team, operations, technology experts and customer success team. The organization has an advisory board of finance experts to build a governance framework to ensure businesses are compliant with their financial transactions. Finly's marquee customers include Swiggy, OLX, Quikr, Kaveri Microtek, Toppr, Upgrad, Payoneer Inc., and others. The firm's customer success team enable finance teams to use Finly's budgeting system to allocate budgets and give them complete control over their business spending. The system will give them a clear indication precisely on the spending should be and how the budget should be allocated to a particular cost center or a department. Not just this, the system will also allow them to track all expenditure and see the amount that's been spent against the allocated budgets. This will help the business to reduce unnecessary expenditures and streamline business spending allowing the finance team to draw insights on helping the management scale the business. https://finly.io