What exactly is Kolleno?
Kolleno automates your credit control, allowing you to get paid more quickly and regularly. Kolleno allows users to handle and chase overdue customer bills in a more easy, centralized manner by automating late payment collection and your accounts receivables. Kolleno offers a variety of services that are tailored for different types of accounting software. The collection goes smoothly and the payment works as planned.
Using AI and machine-learning technology, the platform does cash reconciliation, prioritizes workflow, and delivers customized collection methods by recommending the most efficient communication channels. Customers are contacted using omnichannel, in-app communication channels (including email, SMS, and call). Furthermore, the platform has a Payment Portal that may be accessed directly from the customer’s email or SMS. The user-friendly dashboard delivers data insights and credit analysis, assisting in the mitigation of risks and the reduction of bad debts. As a consequence, companies get payments faster and have a 100 percent reduction in manual work and procedures. Since its introduction, Kolleno has handled over 170,000 invoices in the United States, Canada, South Africa, the United Kingdom, and Europe.
What is the purpose of Kolleno?
The Kolleno platform handles your credit control so you can concentrate on what matters: running and developing your business. They use technology to improve A/R management and provide you with a 360-degree picture of your receivables, all while ensuring that customer engagement is courteous yet effective, resulting in stronger business relationships. To manually monitor client payment trends, organizations have to recruit credit control specialists or assign new work to current members of their team. To guarantee that late payments were collected, an employee had to first identify late payers, then prioritize, contact, and follow up with individual clients. This was not only time-consuming but also stressful for business owners, who were prone to making mistakes. Kolleno was created to address these issues by automating laborious legacy procedures to remove mistakes, assure speedier payment, and increase cash flow for clients, some of which have achieved more than 90% recovery utilizing our platform.
Who Can Kolleno Assist?
Kolleno has worked with a wide range of organizations of all sizes and specializes in many sectors. Whether you’re a business owner, financial controller, or finance director, They want to make your life simpler and give you the freedom to focus on high-value-added activities rather than laborious operations. Employees can no longer execute repetitive jobs because technology has advanced to the point that it can perform them quicker and more precisely, freeing up time for people to focus on higher-value-added activities and shortening the sales-to-cash cycle. It’s always advantageous for a company to save time and money.
Why Does Kolleno exist in the first place?
Kolleno is on a mission to help businesses achieve their full potential by improving their financial health. Managing Accounts Receivables is a laborious, costly, and error-prone process for most businesses. Invoices are frequently ignored, forgotten, or lost in the process, jeopardizing your cash flow and business. Kolleno is committed to helping you overcome this problem by incorporating healthy accounts receivables into your overall payment strategy.
In addition to automating and optimizing operations, Kolleno’s software provides further convenience by working with top ERP and software solutions, like Xero, QuickBooks, and Clio, and offering Open API connectivity to better suit the needs of its clients. The program also includes machine-learning technology that automates and optimizes the time, method, and delivery of client interactions, as well as a range of efficiency-enhancing features including an active board and payments portal to make follow-up and payment reception easier.
The initial venture financing, that Kolleno has raised, as per the company, will be utilized to scale up Kolleno’s capabilities and offers as the firm progresses into the future. To help with these efforts, the firm has hired Djibrane Larrabure (ex-Deloitte consultancy) as Chief of Staff and hired a team of roughly ten people to help extend its product, marketing, sales, and partnership capabilities across geographies.
In sharp contrast to the present status quo: dealing with clumsy and costly agencies that are misaligned with their clients, Kolleno has shown a constant emphasis on helping company owners handle their cash and receivables easily and quickly by utilizing the software to its full potential.