Fazeshift Analysis
What is Fazeshift?
Fazeshift builds enterprise-grade AI agents for accounts receivable automation. Its product handles invoicing, payment matching, collections, contract review, billing, credit, disputes, and customer communications. The site says customers report 90% less time spent on AR, 50% lower DSO, and 40% faster average payment time.
Location
642 Harrison St, San Francisco, California 94107, United States
Employees
11-50
Founded
2023
Investors
- Gradient (Google's early-stage AI fund)
Product Features & Capabilities
- AI-powered invoicing, cash application automation, collections automation, contract to payment process automation, automated payment matching, automated collections reminders, intelligent escalation workflows, real-time notifications and alerts, one-click integrations with existing software, customizable AI workflows, compliance with global privacy laws and security standards.
Pricing
- Special Offer Price: $99.5 (includes an annual update for free in January 2025)
- Original Price: $4,999.00, Current Price: $3,599.00
Who are the founders of Fazeshift
CL
TG
Timmy Galvin
CTO
Competitors Overview
Fazeshift operates in the accounts receivable automation market and faces competition from several notable companies. Key competitors include:
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D&B Finance Analytics: Offers AI-driven solutions for credit-to-cash processes, helping finance teams manage risks and improve cash flow. It provides insights into credit risks and automates customer communication.
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Sage Intacct: A cloud-based financial management software that automates key financial processes and provides real-time insights through customizable dashboards, making it suitable for growing businesses.
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Collect!: Designed for debt collection agencies, this software offers extensive customization options to automate workflows, catering to various sizes of collection agencies.
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QuickFee: Focused on professional services firms, QuickFee simplifies accounts receivable processes by integrating various payment methods and offering financing options.
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InterProse ACE: A highly configurable cloud-based debt collection software that supports various business use cases, including legal judgment tracking.
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Tabs: Utilizes AI to automate billing calculations and payment collections, focusing on interpreting complex commercial contracts.
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HighRadius: Offers a comprehensive SaaS platform that automates receivables and payments processes, leveraging AI for decision-making.
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JustPaid: Focuses on automating invoicing and payment collections with real-time data analytics and customizable billing rules.
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Growfin: Integrates finance, sales, and customer success teams to accelerate cash inflows, distinguishing itself with a collaboration-first approach.
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Tesorio: Specializes in cash flow performance, providing AR automation and cash flow forecasting, processing a significant volume of transactions annually.
These competitors highlight a trend towards automation and AI integration in accounts receivable processes, with each company offering unique features that cater to different aspects of financial management.
Market Focus
Fazeshift primarily focuses on the financial technology (fintech) industry, specifically in automating invoicing, cash application, and collections for enterprises to improve cash flow and operational efficiency.
Business Model
Automates accounts receivable; revenue from subscription and service fees for enterprises.
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