Tech cherry invoicing5/22/2023 Not only does the buyer need to deal with these calls from sellers, but for the buyer, even after they have mailed a check, manual communication is typically needed to ensure their payment was posted on the correct invoice. Still today, in 2022, when a seller sends an invoice to a business customer, they typically still have to call or email the customer to ensure that the invoice was received, approved, and recorded, so that the payment can be expected in due time. The biggest challenge is a lack of visibility. ![]() These activities prevent leaders from focusing their time on things that make bigger impacts elsewhere. The Pain is Largeĭespite 40+ years of accounting automation, the vast majority of businesses still spend dozens of hours each week dealing with manual invoicing, payment processing, and recordkeeping. Here are 3 reasons why we’re backing them. ![]() Today they’re announcing a $4M Seed round led by NFX. Cherry is a new fintech startup that automates B2B payment processing for medium and small companies, starting with the nursing home industry.
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May 2023
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