Cleavr raises €1M to develop an AI solution for accounts receivable

· Source: Tech.eu - Tech.eu · Field: Technology & Digital — Artificial Intelligence & Machine Learning, Financial Process Automation · Depth: Fundamental Awareness, quick

Summary

Cleavr, a Paris-based company, has secured €1 million in a funding round to advance its AI solution for automating accounts receivable management. The investment, backed by Kima Ventures, Better Angle, and several notable CFOs and CEOs, will facilitate the solution's deployment in France and its planned expansion into broader European markets starting in 2026. Cleavr's platform utilizes AI to manage the entire accounts receivable cycle, including multi-channel communication, contact identification, payment commitment processing, and dispute management. This system integrates with existing accounting and ERP systems, aiming to reduce payment delays, improve cash flow, and free finance teams from routine collection tasks. Currently, approximately fifty clients have adopted the solution.

Key takeaway

For entrepreneurs and finance leaders struggling with late payments and cash flow, Cleavr's AI solution offers a path to greater collection rigor. You can automate a significant portion of your accounts receivable cycle, reducing financial losses from unpaid invoices and allowing your team to focus on higher-value financial tasks. Consider integrating such AI tools to enhance efficiency and prepare for international market expansion.

Key insights

AI automation of accounts receivable processes significantly improves cash flow and reduces payment delays.

Principles

Method

The AI solution manages multi-channel communication, identifies contacts, processes payment commitments, and escalates cases, adapting strategies over time.

In practice

Topics

Best for: Entrepreneur, Executive, Investor, Business Analyst

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Editorial summary, takeaway, and curation by AIssential. Original article published by Tech.eu - Tech.eu.