Stuut Raises $52.5M Series B to Revolutionize Order-to-Cash with AI
Stuut, the AI platform transforming order-to-cash processes for enterprises, has secured $52.5 million in Series B funding, led by Insight Partners. Andreessen Horowitz and M12, Microsoft’s Venture Fund, also participated, bringing Stuut's total funding to $93 million.
Stuut claims its AI automates 100% of the order-to-cash workflow for over 150 customers, resulting in a 47% reduction in Days Sales Outstanding (DSO) and freeing up to 40% more cash flow.
The Problem Stuut Solves
Stuut addresses a significant pain point for businesses worldwide: unpaid receivables. Businesses struggle with inefficient order-to-cash processes, leading to:
- Delayed payments
- Increased administrative burden
- Lower customer satisfaction
- Substantial financial losses
Broken order-to-cash processes cost companies an estimated 5% of their annual revenue, amounting to as much as $1 trillion per year across the Fortune 500 alone.
How Stuut Works
Stuut leverages AI to automate the entire order-to-cash process, from invoice generation to collections and payments. Key features include:
- Global reach: Reaching customers via SMS, email, and phone calls.
- Integration: Seamless integration with existing ERPs, bank accounts, CRMs, and payment systems.
- Continuous learning: Improving customer experiences and financial performance over time.
- Transparency: Providing detailed insights into every interaction and action taken.
Stuut's AI follows each invoice across thousands of cases simultaneously, logging into AP portals, reconciling cash, and taking appropriate actions without requiring manual intervention.
Partnerships
Stuut is collaborating with leading firms in working capital to provide enterprises with a faster and more efficient way to implement and scale the platform. These partnerships include Fiserv, EY, and Altamo.