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About
Monk is an AI-native accounts receivable platform designed to automate the entire “contract-to-cash” lifecycle by transforming contracts, invoices, and collections into a single intelligent workflow. It uses frontier AI models to read contracts and automatically extract key details such as pricing, billing terms, and obligations, then converts that information into invoices, schedules, and updates in real time without manual intervention. Unlike traditional systems that rely heavily on human input or batch processing, Monk is built from the ground up as an AI-native system, enabling near real-time processing of financial operations and eliminating delays common in legacy workflows. It centralizes accounts receivable processes, including invoicing, collections, and cash application, into a unified system powered by smart workflows and real-time tracking. It automates repetitive tasks such as payment follow-ups, escalations, and exception handling.
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About
Streamline bill payments & invoice collections. Put your accounts payable & receivable on auto-pilot. Spend more time growing your business, and less on managing your payments. Create Purchase Quote and streamline the approval process before sending it to the vendor. PO Matching to vendor invoice and track open/closed PO with budgets. Capture vendor invoice details automatically or manually and make payments confidently at 0% FX markup. Create professional draft invoices and allow customers to confirm the amount before you invoice them. Set up smart workflows with automated WhatsApp and email reminders. Say goodbye to spreadsheets. Leverage the dashboard, detailed out-of-the-box reports, and customer timelines to stay up to date. Integrated task management. Centralized workspace with promise-to-pay tasks and actions that allow your team to follow up with customers with a click. Two-way integration with your accounting software.
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Audience
Finance and revenue operations teams at B2B companies who need to automate invoicing, collections, and cash flow management using AI
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Audience
Businesses in need of a solution to streamline their customer collections and vendor payments
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Support
Phone Support
24/7 Live Support
Online
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Support
Phone Support
24/7 Live Support
Online
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API
Offers API
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API
Offers API
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Screenshots and Videos |
Screenshots and Videos |
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Pricing
No information available.
Free Version
Free Trial
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Pricing
$1,120 per month
Free Version
Free Trial
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Reviews/
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Reviews/
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Training
Documentation
Webinars
Live Online
In Person
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Training
Documentation
Webinars
Live Online
In Person
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Company InformationMonk
Founded: 2024
United States
monk.com
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Company InformationPeakflo
Singapore
peakflo.co/en/
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Alternatives |
Alternatives |
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Categories |
Categories |
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Accounts Receivable Features
ACH Payment Processing
Billing & Invoicing
Check Processing
Collections Management
Online Payment Processing
Overpayment Processing
Partial Payments
Receivables Ledger
Recurring Billing
Accounting Features
Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
Cash Management
CPA Firms
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management
Accounts Payable Features
Approval Process Control
Bank Reconciliation
Cash Management
Check Writing
Duplicate Payment Alert
Fraud Detection
General Ledger Entry
Vendor Management
Billing and Invoicing Features
Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator
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Integrations
Chargebee
Elate
ElevenLabs
Flint
GoodShip
NetSuite
Paraform
Profound
Pump
QuickBooks Online
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Integrations
Chargebee
Elate
ElevenLabs
Flint
GoodShip
NetSuite
Paraform
Profound
Pump
QuickBooks Online
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