AI-powered Embedded AR/AP Automation

Announcement

Crater Unveils Groundbreaking AI-Driven AR/AP Automation, Payments workflow automation and Universal Payments API for B2B Platforms and Financial Institutions at Money 20/20

We are thrilled to announce today the launch of several advanced AI-driven solutions designed to streamline financial operations for B2B platforms, banks, and credit unions. The new offerings include an AI-powered Accounts Receivable/Accounts Payable (AR/AP) automation, payments workflow automation, and a Universal Payments API, all aimed at enhancing financial efficiency and simplifying payment processes for enterprises and financial institutions.

AI-Driven AR/AP Automation for B2B Platforms and Financial Institutions

Crater's new AR/AP automation solutions provide banks, credit unions, and B2B platforms with the tools to offer fully white-labeled, embedded AR/AP products like invoicing and bill payment, customized to their brand identity. Utilizing Crater's flexible APIs and SDKs, financial institutions can quickly deploy these automation products, bringing clients powerful features that were once resource-intensive to develop.

An AI-powered copilot offers an intuitive interface for users, able to take direct actions such as managing invoices, scheduling bill payments, and generating essential financial reports. This automated, intelligent assistant not only reduces operational burdens but also significantly improves the speed and accuracy of financial processes.

AI-Powered Payments Workflow Automation

With the new payments workflow automation feature, Crater helps businesses eliminate time-consuming, repetitive tasks in their payment operations. Clients can now automate essential processes like creating and managing invoices, onboarding businesses, and scheduling payments. This enhancement allows enterprises to focus more on growth while Crater's automated systems handle complex payment workflows seamlessly.

Universal Payments API: Seamless Integration with Leading Payment Networks

Crater's Universal Payments API further simplifies the payment process by enabling clients to integrate with major payment networks such as Stripe, Finix, WorldPay, and Plaid, without the need for complex custom coding. By making a single-word change in their codebase, platforms can access multiple payment providers through Crater's API, which adapts to each provider's unique workflows and requirements, thereby significantly reducing time-to-market and technical hurdles.

What's New?

  • Intelligent Financial Copilot: An AI assistant that understands your business context and can execute complex financial tasks through natural language commands.
  • Automated AR Workflows: Streamline your receivables with automated invoice creation, sending, and tracking capabilities.
  • Smart AP Management: Efficiently handle bills, vendor relationships, and payment scheduling through intelligent automation.

Key Capabilities

  • Comprehensive AR Management: Create and send invoices and estimates, manage customer relationships, and track due payments - all through simple commands.
  • Streamlined AP Operations: Effortlessly manage vendors, create bills, and schedule payments with automated workflows.
  • Intelligent Financial Reporting: Generate instant sales reports, tax summaries, and purchase analyses with natural language requests.

Benefits for Our Users

  • Natural Language Processing: Execute complex financial tasks through simple conversational commands, eliminating the need to navigate multiple menus.
  • Time Savings: Automate repetitive tasks like invoice creation, payment tracking, and report generation.
  • Enhanced Financial Control: Keep track of due payments, upcoming bills, and financial metrics through automated monitoring and alerts.
  • Seamless Workflow Integration: Combine multiple actions into single commands, like adding new customers and creating invoices in one step.

Get Started Now

Experience the power of AI-driven financial management. Click below to learn more about how our Financial Copilot can transform your business operations or to request a personalized demo.