Peakflo Features

Creation of expense reports takes little time and is intuitive for new users

Can easily pull in receipts from all credit card statements

Automatically assigns categories/accounts based on past entries and credit card statements

Provides various methods to easily capture receipts digitally and can automatically parse receipts to create expenses report entries. Methods may include mobile photos, desktop drag and drop, etc.

Functionality to reimburse employees directly to their bank account or can easily integrate with payroll system

Enables easy entry of expenses in other currencies and converts to expense report currency

Integrates with corporate or personal credit cards (import or bi-directional)

Can book Flights, Hotels, and Rental cars directly from software.

Creates travel itineraries based on booking

Integrates to calendaring systems and/or provides notifications of upcoming flights, hotels, rental cars, etc.

Allows advanced integrations to travel systems like Uber, airline ticketing systems, hotels, etc.

Ability to create and send printable or electronic invoices. Includes standard invoice style library that can be customized/branded.

Accepts electronic payments from clients

Provides adequate reporting and/or can integrate to AP systems to recognize revenue appropriately

Can easily capture receipts, parse receipts and convert/assign them to a report from mobile device

Allows users to track mileage from mobile device using maps or GPS.

Mobile application can store travel itineraries, electronic documents, and updates user of travel delays/changes

Provides standard connectors for popular Finance, Payroll, HRMS and CRM systems

Routes Timesheets, Invoices, Expense reports through approval process. Easy to maintain and administer

Sends automatic reminders to employees that have not completed expenses reports and/or timesheets

Enables administrators to create rules that enforce compliances of corporate time and expense policies

Grant access to select data, features, objects, etc. based on the users, user role, groups, etc.

Complies with PCI security standards

Access pre-built and custom reports and dashboards.

Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc. with other software applications.

Enables users to view and transact business with the same content in multiple languages and currencies.

Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took.

Allows software to be easily used on multiple mobile devices include phone and tablet devices.

Provides users ability to create and access expense reports/timesheets while not connected to internet.

Offers embedded AI/machine learning

Provides workflow for complex approval structures

Track usage per company, custom time period, or contract

Track payments received for products that haven't be delivered yet

Recognition rules to accrue revenue on a daily or monthly basis

Manage various types of vehicles used for business travel such as company cars or cars owned by employees.

Identify the employees that use vehicles for business travel.

Define and manage different travel types such as business or personal.

Assign locations to employees, such as the office address or customer locations.

Track traveled distances by employee, vehicle, location, or time period.

Ability to automatically generate IRS compliant travel logs.

Define travel start and stop times to track miles automatically.

Define reimbursement rules and how many cents per mile employee should receive.

Allow employees to track expenses related to business travel such as gas bills.

Provide business rules for calculating reimbursements per employee.

Define credit limits per customer or by customer type.

Track the changes made to credit limits and the corresponding reasons.

Adjust credit limits manually or automatically (based on pre-defined threasholds).

Such as CreditSafe, Searches Group, Credit Assist, Experian, Equifax, and Dun & Bradstreet.

Ability to revoke credit limits temporarily or permananetly when the amount due by a customer exceeds a predefined amount.

Identify incomplete payments and track the rest of the amount due.

Track one to many and many to one relationships between invoices and payments.

Identify invoicing errors such as the wrong amount or due date, and make sure that customers pay the correct amount on time.

Apply payments to the right Accounts Receivables accounts for each customer.

Manage late payments by time buckets (30, 60, 90 days).

Workflows to manage and escalate disputed transactions.

Ability to communicate with customers using the best channel (ie SMS, online chat, and social media), message, and timing

Comprehensive view of customer details for collections agents.

Identify and flag customers that are more likely to pay late.

Calculate the total amount received during a time period and compare with the estimate.

Use KPIs to monitor the effiency of the collections department.

Ability to scale to any collections volume, at any time

Maximize engagement using live data, behavioral insights, sentiment analysis and payment history

Ability to identify and adjust to updated rules and regulations

Track invoices based on due dates to identify overdue payments

Ability to compare AP automation metrics with other companies

Monitor KPIs such as time to process an invoice or erroneous payments

As reported in 12 Peakflo reviews. Track invoices based on due dates to identify overdue payments

As reported in 10 Peakflo reviews. Analyze variations between incoming and outgoing cash

Monitor KPIs such as time to process an invoice or erroneous payments 10 reviewers of Peakflo have provided feedback on this feature.

Based on 10 Peakflo reviews. Track different types of payment such as deposits or partial payments

Project out as the year progresses to accommodate trends that affect key business drivers.

Generate cash flow reports in order to see where money is coming in and where it's going

Compare Income Statement, Balance Sheet, and Cash Flow for multiple periods

Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data

Customers can use an online portal to submit information and documents required for collections.

Customers have online access to document such as copies of Invoices, proofs of delivery, and contracts.

Provide features to capture invoices such as import or scanning This feature was mentioned in 12 Peakflo reviews.

Allow suppliers to submit invoices using an online portal

Deliver a central repository of AP documents, such as POs and invoices

Based on 10 Peakflo reviews. Ability to match AP invoices to POs, contracts, or payments

Based on 10 Peakflo reviews. Identify incomplete or late supplier payments

Include workflows for approvals and invoice processing 12 reviewers of Peakflo have provided feedback on this feature.

Comply with local and global tax regulations for collections

Based on 10 Peakflo reviews. Include workflows for approvals of invoices or payments

Process multiple invoices without human intervention This feature was mentioned in 11 Peakflo reviews.

Allow users to consolidate multiple invoices into one

As reported in 11 Peakflo reviews. Match invoices with purchases and sales orders, as well as with payments

Provide integration with accounting and financial management software This feature was mentioned in 12 Peakflo reviews.

Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems

Provide integration with accounting and financial management software

As reported in 12 Peakflo reviews. Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems

Sync with company accounts to transfer payments for approved invoices 12 reviewers of Peakflo have provided feedback on this feature.

As reported in 14 Peakflo reviews. Provide integration with accounting and financial management software

As reported in 15 Peakflo reviews. Integrates with other payments software

Deliver integrations with accounting modules of ERP systems 14 reviewers of Peakflo have provided feedback on this feature.

Provide standard invoice templates that can be customized by users This feature was mentioned in 12 Peakflo reviews.

Ability to convert invoices to digital formats such as PDF 11 reviewers of Peakflo have provided feedback on this feature.

Automatically generates invoices at pre-defined time intervals

Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis.

Add one-time or recurring items to your cash flow and add line items for each payment or deposit.

Check your cash on hand at the beginning of each month and view each day incoming and outgoing funds.

Cash flow forecasting is based on past transactions and historical financial or operational data

Used to review and update budgeting assumptions for a predefined period (usually one year)

Uses AI algorithms and models to predict future cash flow trends and outcomes, based on historical data and patterns

Automates the transfer of data between an organization's ERP system and its bank

Streamlines the exchange of information between internal systems

Automatically extracts data required for cash forecasting and liquity reporting

Restricts access to certain users within an organization, or provides access for third parties

Integrates with other financial software, such as Treasury Management, Budgeting & Foreasting, or Invoice Management software

Provide standard invoice templates that can be customized by users 19 reviewers of Peakflo have provided feedback on this feature.

As reported in 18 Peakflo reviews. Ability to convert invoices to digital formats such as PDF

Automatically generates invoices at pre-defined time intervals 16 reviewers of Peakflo have provided feedback on this feature.

Based on 15 Peakflo reviews. Allow users to consolidate multiple invoices into one

As reported in 18 Peakflo reviews. Ability to create multiple types of invoices

Manage invoicing for different types of products or services This feature was mentioned in 15 Peakflo reviews.

Reduces future risks through root cause analysis and process improvement

Reduces frequency of errors, identifies risk and improves efficiency

Scores suppliers and employees based on risk factors

Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims

Detects and prevents a wide range of overpayment errors

Detects and prevents a wide range of duplicate payments

Enables automatic checks of new vendors being set up in the system to combat potential billing schemes

Generates comprehensive data needed to conduct a thorough investigation

Provides continuous, proactive fraud monitoring across multiple systems and data formats

Reports on the status of invoices or payments 34 reviewers of Peakflo have provided feedback on this feature.

As reported in 31 Peakflo reviews. Run reports on customer credit

As reported in 32 Peakflo reviews. Tracks all transactions, from issuing invoices to payment reminders to receiving payment

Integrates with accounting or similar platforms 26 reviewers of Peakflo have provided feedback on this feature.

Integrates with ERP systems 23 reviewers of Peakflo have provided feedback on this feature.

Based on 19 Peakflo reviews. Integrates with Corporate Performance Management platforms

Based on 25 Peakflo reviews. Manages credit limits based on customer credit scores, payment history, or other financial metrics

Creates or imports invoices 34 reviewers of Peakflo have provided feedback on this feature.

Collects different payment types and manages payment terms This feature was mentioned in 35 Peakflo reviews.

Offers customizable approval processes for all types of transactions This feature was mentioned in 22 Peakflo reviews.

As reported in 27 Peakflo reviews. Reconciles payments to invoices to ensure matching

Able to access dashboards and download logs and expenses in report format by managers or administrators filed by employees manually or automatically. Helps in documenting and filing.

Assist users with questions and concerns to ensure a smooth sailing experience for monitoring and generating reports.

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Works across multiple software systems or databases

Works across multiple software systems or databases

Improves performance based on feedback and experience

Anticipates needs and offers suggestions without prompting

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Improves performance based on feedback and experience

Capability to perform complex tasks without constant human input

Improves performance based on feedback and experience

Sends automated messages and reminders, resolves disputes, or does proactive outreach.

Responds to basic questions from inbound emails.

Analyzes past transactions to make a prediction of when future payments are likely to be paid.