Tabs, the market leader in Revenue Automation, announced the
release of Intelligent Collections, a feature designed to help B2B
companies manage unpaid invoices, prioritize collections, and
improve cash flow visibility, to address the unique challenges of
managing receivables in high-growth environments.
NEW
YORK, Oct. 2, 2024 /PRNewswire-PRWeb/ -- Tabs,
the market leader in Revenue Automation, today announced the
release of Intelligent Collections, a feature designed to help B2B
companies manage unpaid invoices, prioritize collections, and
improve cash flow visibility. The release addresses the unique
challenges of managing receivables in high-growth environments.
"The platform takes away the burden of
recurring invoices, including custom partner invoices, and aging
reports," says Neha Narkhede,
Co-Founder & CEO of Oscilar, a leading provider of cutting-edge
risk technology solutions to fintechs and financial
institutions.
Intelligent Collections reimagines Finance by bringing it the
first Kanban intuitive interface that centralizes all aspects of
collections. CFOs can now easily:
- Prioritize unpaid invoices: Tabs' dashboard allows users to
filter and sort invoices by due date, customer, or amount, enabling
finance leaders to focus their efforts on high-priority accounts.
By removing the need for manual tracking through spreadsheets or
fragmented tools, finance teams can ensure no invoices fall through
the cracks.
- Send automated reminders: With customizable settings, Tabs
enables users to send tailored reminder emails directly from the
platform. These reminders can be scheduled based on pre-set
intervals, eliminating manual follow-up and improving the
likelihood of prompt payments.
- Track customer payments: Real-time payment tracking ensures
users have an up-to-date view of which customers have made
payments, allowing them to act quickly on any payment
discrepancies.
In addition to its core functionality, the Collections Workflows
feature also provides valuable insights by comparing current
invoices against historical data, helping finance leaders identify
trends in customer payment behavior. This historical perspective
can be instrumental in predicting cash flow, spotting recurring
late payments, and adjusting collection strategies.
Beyond Intelligent Collections, Tabs has recently launched a
suite of additional enhancements aimed at further streamlining
revenue operations for growing B2B companies. The updates
include:
- Renewal AI: Leveraging AI to manage contract renewals, this
feature helps finance teams automatically track critical contract
dates and identify upsell opportunities by flagging escalation
clauses or contract value increases.
- Revenue Reporting: Beyond recognizing revenue in accordance
with ASC 606, Tabs also launched ARR reporting. This helps finance
teams get a sense of their overall business health. Further
enhancements to reporting include time series analysis to visualize
revenue and ARR trends by customer and category.
- Credit Card Fees Automation: Allow you the option to pass
through credit card fees to invoices, enabling companies to pass
fees directly to customers while offering flexible payment
options.
Each of these features is designed to complement Tabs' broader
mission of providing a fully unified platform for revenue
management. From billing and collections to contract renewals, Tabs
ensures that all revenue processes can be automated and managed
within a single system, eliminating the need for fragmented point
solutions.
Streamlining Receivables for B2B Companies
Tabs' Revenue Automation platform is built with the unique needs
of SaaS startups in mind. As companies scale, managing revenue
processes becomes increasingly complex, particularly as they deal
with larger customer bases, more frequent renewals, and a growing
volume of invoices. Tabs offers CFOs and finance teams a
streamlined solution that automates these critical processes,
enabling them to focus on strategic growth rather than manual
administrative tasks.
"The platform takes away the burden of recurring invoices,
including custom partner invoices, and aging reports," says
Neha Narkhede, Co-Founder & CEO
of Oscilar, a leading provider of cutting-edge risk technology
solutions to fintechs and financial institutions. "The Tabs'
product release velocity has gone unmatched these last few months
since coming out of stealth. The team continues to make their
vision for revenue automation a reality by churning out high impact
features on a weekly basis."
About Tabs
Tabs is a leader in Revenue Automation, offering an integrated
platform that helps SaaS companies manage their revenue processes
from contract signing to cash collection. By automating
collections, billing, revenue recognition, and renewals, Tabs
empowers finance teams to optimize cash flow and focus on business
growth.
Media Contact
Andre Fuochi, Tabs, 1
469-394-7274, andre@tabsplatform.com, https://tabs.inc
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