PennyFlo

PennyFlo takes over the repetitive work of chasing invoices. It is an AI accounting tool for accounts receivable that automates manual collection tasks and connects to the banking and accounting systems a business already uses.

The aim is faster payments and a lower DSO, the number of days it takes to get paid.

PennyFlo also gives the whole team one place to see what is outstanding.

Full visibility and collaboration features mean finance staff, and anyone else involved in collections, can work from the same picture instead of passing spreadsheets around.

The product is listed under AI agents and document extraction as well, which fits its focus on handling paperwork and routine follow-up automatically.

A business with very simple A/R processes probably will not get much out of it, since the value comes from automating volume and complexity.

And because PennyFlo relies on AI, you should expect to monitor its output and make adjustments rather than set it up and forget it.