Stuut raises $52.5M Series B to run order-to-cash with AI
Businesses worldwide have $16 trillion locked up in unpaid receivables. Stuut, the AI platform that runs order-to-cash for the world’s enterprises, is going after it.
In a world where all finance software looks and behaves the same, Stuut offers customers the ability to automate 100% of their work. It runs the entire order-to-cash process. It moves dollars through collections, cash application, payments, disputes, and deductions. Stuut’s customers are freeing up to 40% more cash flow, with a 47% reduction in DSO.
The company’s Series A came just ten months ago. Now, amid overwhelming demand, it is announcing a $52.5 million Series B led by Insight Partners. Andreessen Horowitz and M12, Microsoft’s Venture Fund, also participated, bringing its total funding to $93 million.
The problem Stuut is solving
Most customers want to pay. But a missing PO, bad order data, or an invoice sent to the wrong person triggers...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
