Daylit

Daylit is an advanced AI-powered platform designed to revolutionize accounts receivable (A/R) and working capital management. Its core purpose is to help businesses accelerate their payment cycles, automate tedious collections processes, and gain predictive insights into their cash flow. By leveraging intelligent AI agents, Daylit proactively identifies at-risk accounts, supercharges manual collection efforts, and provides a clear forecast of financial health, allowing finance teams to shift their focus from reactive problem-solving to strategic growth initiatives.

The platform is primarily built for finance teams, accounts receivable specialists, and business owners who are looking to optimize their cash flow and reduce the manual burden of collections. Daylit combines its powerful receivables intelligence with integrated working capital solutions, offering a comprehensive toolkit to address cash flow challenges. This dual approach makes it uniquely valuable, providing not just the data to identify financial gaps but also the means to bridge them, ensuring operational stability and fostering business growth.

Features

• AI-Powered Collections Agents: Employs intelligent AI agents that work 24/7 to communicate with customers, send reminders, and follow up on overdue invoices, ensuring you get paid on time without manual intervention.
• Receivables Intelligence & Analytics: Provides deep, actionable insights into your entire A/R portfolio. The system analyzes payment behaviors and historical data to identify trends and potential issues.
• Proactive At-Risk Account Detection: The AI algorithm catches at-risk accounts early by identifying patterns that indicate a potential for late or non-payment, allowing your team to intervene before a problem escalates.
• Cash Flow Forecasting: Utilizes predictive analytics to generate accurate cash flow forecasts, giving finance teams a clear view of their future financial position to make informed decisions.
• Collections Team Supercharger: Equips your collections team with powerful tools to manage and chase payments at scale. It automates repetitive tasks and prioritizes accounts, allowing staff to focus on high-value activities.
• Integrated Working Capital Solutions: Seamlessly combines A/R intelligence with accessible working capital solutions, providing finance teams with flexible funding options to solve cash flow challenges as they arise.

How to Use

1. Integrate Your Financial Systems: Connect Daylit to your existing accounting software or ERP system to sync invoice and customer data automatically.
2. Configure AI Agents: Set up the AI agents based on your company's collections strategy. Customize the communication tone, frequency, and escalation paths for different customer segments.
3. Activate Automated Collections: Launch the AI agents to begin monitoring accounts, sending payment reminders, and managing the initial stages of the collections process.
4. Monitor the Dashboard: Use the central dashboard to get a real-time overview of your A/R health, track the performance of the AI agents, and review cash flow forecasts.
5. Empower Your Team: Your collections team can use the platform to access prioritized worklists, review detailed account histories, and handle complex cases that require human intervention.
6. Access Working Capital: If a cash flow gap is identified, explore and apply for integrated working capital solutions directly through the Daylit platform.

Use Cases

• Automating Routine Collections: A mid-sized distribution company can use Daylit to automate the process of sending reminders for hundreds of monthly invoices, significantly reducing the manual workload on its small finance team.
• Proactive Risk Management: A B2B service provider can leverage Daylit's receivables intelligence to monitor customer payment patterns. If a client starts paying later than usual, the system flags them as at-risk, enabling the provider to adjust credit terms proactively.
• Improving Cash Flow Predictability: A rapidly growing manufacturing firm can use Daylit's forecasting tools to get a reliable picture of its future cash position, helping it make better-informed decisions about inventory purchases and operational expansion.
• Scaling Collections Efforts: A SaaS company experiencing rapid customer growth can use Daylit to manage its expanding A/R portfolio without needing to hire additional collections staff, ensuring scalability and cost-efficiency.

FAQ

What is Daylit?

Daylit is an AI-powered platform that combines receivables intelligence with working capital solutions. It uses AI agents to automate collections, predict cash flow, and help businesses get paid faster.

How do the AI agents work?

The AI agents analyze your historical A/R data to understand customer payment behaviors. They then automate communications like payment reminders and follow-ups via email or other channels, working 24/7 to ensure timely payments.

What kind of systems can Daylit integrate with?

Daylit is designed to integrate with a wide range of popular accounting and ERP systems, allowing for a seamless flow of data to and from your existing financial stack.

Is my company's financial data secure with Daylit?

Yes, Daylit employs robust security measures and protocols to ensure that all your sensitive financial data is encrypted, protected, and handled with the utmost confidentiality.

Who is Daylit designed for?

Daylit is ideal for businesses of any size that want to improve their collections process and optimize cash flow. It is particularly beneficial for companies with a large volume of invoices or those looking to empower their finance teams with predictive insights.

How does Daylit help my existing collections team?

Daylit acts as a supercharger for your team. It automates the repetitive, time-consuming tasks of chasing payments, freeing up your team to focus on strategic activities, customer relationships, and resolving complex collection cases.

What are the working capital solutions?

Daylit provides integrated access to a suite of flexible funding options. This allows businesses to address cash flow gaps identified by the platform's intelligence, creating a seamless connection between financial analysis and financial solutions.