[ Growfin Reviews ](https://www.g2.com/products/growfin/reviews) [ Growfin Reviews ](https://www.g2.com/products/growfin/reviews) # Growfin Features ##### ## Customer Credit (8) Credit Limits Define credit limits per customer or by customer type. Credit History Track the changes made to credit limits and the corresponding reasons. Credit Limits Adjustment Adjust credit limits manually or automatically (based on pre-defined threasholds). Integration with Credit Rating Agencies Such as CreditSafe, Searches Group, Credit Assist, Experian, Equifax, and Dun & Bradstreet. Credit Limit Suspension Ability to revoke credit limits temporarily or permananetly when the amount due by a customer exceeds a predefined amount. Collection Agencies For third-party collection agencies Accounting Integration Integrate with a third-party accounting system Third-Party Integrations Set up connections to third-party platforms to improve business processes Show More ##### ## Invoice Matching (4) Incomplete Payments Identify incomplete payments and track the rest of the amount due. Match Invoices and Payments Track one to many and many to one relationships between invoices and payments. Errors and Adjustments Identify invoicing errors such as the wrong amount or due date, and make sure that customers pay the correct amount on time. Cash Application Apply payments to the right Accounts Receivables accounts for each customer. Show More ##### ## Collections (5) Partial Payments Allow customers to make a partial payment on an invoice and track remaining debt Disputed Transactions Workflows to manage and escalate disputed transactions. Personalized Customer Messaging Ability to communicate with customers using the best channel (ie SMS, online chat, and social media), message, and timing Customer Profiles Comprehensive view of customer details for collections agents. Electronic Payments Electronically collect payments for goods or services Show More ##### ## Analytics (12) At Risk Customers Identify and flag customers that are more likely to pay late. Esimated vs Actual Receipts Calculate the total amount received during a time period and compare with the estimate. Collections Effectiveness Use KPIs to monitor the effiency of the collections department. Scaleability Ability to scale to any collections volume, at any time Artificial Intelligence Maximize engagement using live data, behavioral insights, sentiment analysis and payment history Compliance Control Ability to identify and adjust to updated rules and regulations Payment Collection Tracking, managing, and initiating the transfer of funds for overdue customer payments In-House Collections For first-party debt collectors Variance Analysis Project out as the year progresses to accommodate trends that affect key business drivers. Reports Generate cash flow reports in order to see where money is coming in and where it's going Forecast Comparison Compare Income Statement, Balance Sheet, and Cash Flow for multiple periods Forward Looking Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data Show More ##### ## Self Service (2) Customer Portal Customers can use an online portal to submit information and documents required for collections. Financial Documents Customers have online access to document such as copies of Invoices, proofs of delivery, and contracts. Show More ##### ## Cash Flow Forecasting (4) Historical Data Cash flow forecasting is based on past transactions and historical financial or operational data Reforecast Ability to recreate forecasts to include new information that may impact budgets Rolling Forecasts Used to review and update budgeting assumptions for a predefined period (usually one year) AI Uses AI algorithms and models to predict future cash flow trends and outcomes, based on historical data and patterns Show More ##### ## Financial Data Transfer (5) Data Transfer Automates the transfer of data between an organization's ERP system and its bank Data Exchange Streamlines the exchange of information between internal systems Reporting Automatically extracts data required for cash forecasting and liquity reporting Access Restricts access to certain users within an organization, or provides access for third parties Integration Integrates with other financial software, such as Treasury Management, Budgeting & Foreasting, or Invoice Management software Show More ##### ## Reporting (6) Status Reports on the status of invoices or payments Customer Credit Run reports on customer credit History Tracks all transactions, from issuing invoices to payment reminders to receiving payment Sales Tax Management Calculation of consumption tax imposed on the sale of goods/services Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Customer Statements Reports that show customers their invoices, payments, and balance on the account Show More ##### ## Integrations (3) Accounting Integrates with accounting or similar platforms ERP Integrates with ERP systems CPM Integrates with Corporate Performance Management platforms Show More ##### ## Transactions (3) Credits Manages credit limits based on customer credit scores, payment history, or other financial metrics Invoices Creates or imports invoices Partial Payments Allow customers to make a partial payment on an invoice and track remaining debt Show More ##### ## Workflows (2) Approvals Offers customizable approval processes for all types of transactions Bank Reconciliation Compare and match accounting/financial records with corresponding bank statements Show More ##### ## Agentic AI - Cash Flow Management (1) Autonomous Task Execution Capability to perform complex tasks without constant human input Show More ##### ## Agentic AI - Accounts Receivable Automation (1) Autonomous Task Execution Capability to perform complex tasks without constant human input Show More ##### ## Agentic AI - Credit and Collections (3) Autonomous Task Execution Capability to perform complex tasks without constant human input Multi-step Planning Ability to break down and plan multi-step processes Adaptive Learning Improves performance based on feedback and experience Show More ##### ## AI - Accounts Receivable (3) Generative Sends automated messages and reminders, resolves disputes, or does proactive outreach. Responses Responds to basic questions from inbound emails. Predictive Analytics Analyzes past transactions to make a prediction of when future payments are likely to be paid. Show More ##### ## Additional Functionality (81) Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Customizable Reports Alter the layout and content of reports Generative AI Use AI to generate content in the form of text, images, videos, etc. Expense Tracking Monitor and record expenses such as purchases or charges incurred Data Import/Export Import and export data to and from software applications Real-Time Data Receive data and information in real time User Management Manage user accounts, profiles, roles, permissions, and other details across applications, devices or networks ACH Payment Processing Accept electronic bank-to-bank transfers using a network called the Automated Clearing House (ACH) Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Billing & Invoicing Create, manage, and send invoices or bills to customers Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Contact Database Centralized database of stakeholders and their contact information such as names, address, phone number etc. Aging Tracking Categorizes outstanding invoices based on the amount of time they have remained unpaid Purchase Order Management Create, send, and track purchase orders and their statuses Audit Trail A record of all activities within the system, including user access, changes made, etc. Discount Management Track products that are for sale at a reduced price or part of coupon promotions General Ledger Centralized accounting record which tracks all financial transactions Document Management Store, manage, and track all electronic documents in a centralized location Receivables Ledger A list of customers and their payments due updated on a monthly basis Recurring/Subscription Billing Automated process of charging customers at regular intervals for repeated access or use of a product or service Multi-Currency Manage and handle various international currencies Workflow Management Create, design and manage workflows for repetitive tasks Credit Card Processing Accept and process credit card transactions Task Management Create, manage and track all task activities and progression Customizable Templates Pre-designed layouts that can be customized to match preferences and requirements Forecasting Form predictions based on past and present data/trends Cash Flow Management Monitoring, analysis, and projection of the movement of cash into and out of a business over a specific period Self Service Portal Online portal through which end users can access the system, manage tasks, or obtain information Reminders Timed notification for any upcoming task, deadline, appointment, or activity Check Processing Receive and deposit or issue and record check payments Receipt Management Upload, track, and submit receipts in a central database Overpayment Processing Flag a transaction when a customer pays more than they owe and either refund the overpayment or save the overpayment as a credit Financial Management Plan, manage, and track the financial activities of an individual or organization Third-Party Integrations Set up connections to third-party platforms to improve business processes Payment Collection Tracking, managing, and initiating the transfer of funds for overdue customer payments Approval Process Control Manage the process of evaluating documents or requests submitted for approval API Application programming interface that allows for integration with other systems/databases Profit/Loss Statement A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Real-Time Updates Receive system updates as soon as any changes are made Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Auto-Dialer System that automatically dials calls Credit Card Processing Accept and process credit card transactions Payment Plans Manage plans with a set payment schedule that help customers pay outstanding debt Automated Scheduling Automatically create schedules based on business needs or employee availability and qualifications API Application programming interface that allows for integration with other systems/databases Workflow Management Create, design and manage workflows for repetitive tasks Activity Tracking Track and document all activities across devices, networks, and other systems Multi-Currency Manage and handle various international currencies Multiple Payment Options Process payments via multiple modes directly through the application Callback Scheduling Schedules callback times Generative AI Use AI to generate content in the form of text, images, videos, etc. Business Process Automation Helps automate and manage information, tasks, and procedures by establishing routines and patterns associated with processes Email Templates Pre-made examples and templates for emails Historical Reporting Information, data and reports that are being tracked over time Multi-Channel Communication Allows communication with customers or users via multiple channels such as phone, email, live chat, etc. Data Import/Export Import and export data to and from software applications Invoice Management Captures invoice data and maintains comprehensive records for auditing and reporting purposes Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Transaction Management Manage, record and track all business exchanges in form of money and its related interactions in the system Multiple User Accounts Allow multiple users with individual logins and varying permissions to use the same account, software, portal, or service Risk Assessment Initiate collection and analysis of known risks Customizable Templates Pre-designed layouts that can be customized to match preferences and requirements AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Client Management Manage contact details and communication with clients Contact Management Manage, organize, and store contact information Automated Notices Send automated reminders and notices to clients on overdue payments Call Recording Record the audio of phone conversations for quality assurance purposes User Management Manage user accounts, profiles, roles, permissions, and other details across applications, devices or networks Real-Time Analytics Analyze and gain insights into data in real-time Credit Reporting Report customer payment history and outstanding debts to credit bureaus Search/Filter Search and filter data across systems to locate required information by entering keywords or certain criteria Commission Management Tracking, calculating, and paying commissions and earnings to employees Borrower Management Searchable database of information about loan borrowers Template Management Create, save, and re-purpose templates for emails, forms, etc. Customizable Reports Alter the layout and content of reports Monitoring Observe and track the demand, usage, progress or quality of a system, product, or user Reminders Timed notification for any upcoming task, deadline, appointment, or activity Real-Time Reporting Active reporting of data and metrics Show More ## Top-Rated Alternatives [ ![Tesorio](https://images.g2crowd.com/uploads/product/hd_favicon/70edc862cb5a87555e62dd97b5d08742/tesorio.svg "Tesorio") Tesorio 4.7/5(240) 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