Lübeck/Berlin. As part of a cooperation, Agicap and GetMyInvoices have linked the areas of digital invoice management and liquidity planning. Companies will now benefit from holistic liquidity management that includes all supplier invoices and allows for an even more reliable forecast.
The liquidity management solution Agicap automatically categorizes the transactions on all company bank accounts and thus compares the expected income and expenses for a certain period. The result is presented to the user daily in a clear dashboard. From there, he can then make accurate forecasts about the future liquidity of the business and anticipate possible fluctuations via customized scenarios.
At the same time, GetMyInvoices automatically retrieves all supplier invoices from various sources, such as online portals or email inboxes, and makes them available in a central location. Invoices received by post can be scanned using a smartphone app and uploaded to the document management system.
Agicap users can automatically import the invoices from GetMyInvoices into their solution through the now available interface. They are assigned to the open items and categorized according to individual specifications. The liquidity graph is also updated automatically. In addition, Agicap includes the available items in the liquidity forecasts, resulting in a special preview of the payment dates in the coming weeks.
“Automated liquidity management based on digital invoice management enables intelligent, dynamic, and well-visualized forecasts of solvency,” points out Timo Hoffmann, Head of Partnerships at Agicap. ” In turn, these estimates represent an important management tool in times of high uncertainty and rapid changes in general conditions, providing a solid basis for reporting to stakeholders as well as strategic decisions.”
In a recent study commissioned by Agicap and Arvato, 61% of respondents said they had already been affected by a liquidity bottleneck. The companies cited the main reasons for unforeseen events such as the Covid crisis. Christian Knipp, Director of Business Operations at GetMyInvoices, explains: “In times of crisis, medium-sized companies work especially on reducing their costs and optimizing their working capital. In contrast, invoice processing is often neglected and hampered by manual, paper-based activities and the use of incompatible systems. This leads to lengthy processing cycles and a lack of visibility of cash flow, with all the negative consequences. With GetMyInvoices, companies can automate their invoice management and predict their liquidity based on reliable figures by connecting to Agicap.”
Agicap is a web-based software solution that simplifies cash flow management by centralizing financial data. From one interface, more than 6000 customers of small and medium-sized companies directly see their current and future cash situation. Cash management and forecasting allow us to anticipate better and make strategic decisions. Agicap received a $100 million Series B financing in 2021, giving the company new resources to multiply. In addition to Germany, Agicap is active in many other European countries.
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