Flowie Aims to Revolutionize Invoice Management with Seamless Flow
Introducing Flowie: Simplifying Money Movements for Businesses
chandni
Flowie, a promising French startup, is revolutionizing the way companies manage their financial transactions. With a comprehensive approach to accounts receivable and accounts payable, Flowie provides a centralized platform that offers real-time visibility of crucial payment information for both clients and suppliers.
Founded by Yann Ravel-Sibillot, Rémi Legorrec, and Aurélie Hadida, Flowie's CEO brings a wealth of experience in managing invoices at scale, having previously served as the CTO of Big Mamma and worked on Sunday, a streamlined restaurant checkout flow.
Flowie's primary objective is to enhance the invoice management process for businesses. Acting as a central repository, the platform seamlessly integrates with existing tools, including ERP systems housing contracts, order numbers, and receipts. Furthermore, it seamlessly integrates with CRMs, providing valuable context about client and supplier relationships. By connecting to bank accounts, Flowie can effortlessly track payments received and initiate new transactions.
Traditionally, when a supplier's invoice is received, the accounting department often faces uncertainty about its validity and whether the company has received the corresponding goods or services. Rather than creating internal friction through endless conversations, Flowie empowers any team member to validate transactions. Leveraging automated data extraction from invoices and the ability to add contextual files, approvals become efficient and straightforward.
Once a transaction is approved, users can opt to pay immediately or schedule future payments. In the latter case, Flowie even allows users to notify suppliers of the scheduled payment, eliminating the need for follow-ups on pending invoices.
On the accounts receivable side, Flowie enables companies to upload invoices, which are then converted into e-invoices with QR codes. Clients can conveniently access various payment methods, including bank transfers, card payments, and direct debits. Additionally, Flowie supports the offering of early payment discounts to further streamline transactions.
While Flowie is still in its early stages, the startup has garnered support from business angels and currently employs 11 dedicated team members. Notably, the platform has already processed hundreds of millions of euros worth of invoices, showcasing its potential impact in transforming financial management for businesses.
