numberz

Constantly improving the working capital is a prime goal of business heads especially the CFOs. Accounts receivables form a major chunk of that goal! No matter the size of the firm, AR is a constant WIP. According to PWC working capital study 2018, about USD 1.1 Tn is stuck in unpaid invoices. Euler Hermes 2018 Economic Insights further adds that 1 in 4 companies across the globe receive delayed payments! THIS is exactly where numberz comes to the aid of the enterprises – by making their accounts receivables faster, easier, predictable and insights driven! numberz AR is a secure, cloud based, enterprise solution that enhances the Working Capital of the businesses by significantly improving the speed, efficiency and effectiveness of collections. Integrating with core banking platforms and with the leading ERPs, numberz helps automating many of the current accounts receivables workflows while providing actionable AR insights.. Founded in 2015, Numberz counts Sequoia Capital, Kae Capital and Khosla Impact as its investors. With offices in Gurgaon, Mumbai and Bengaluru, numberz is trying to disrupt the otherwise traditional enterprise AR space – by bringing innovation in the hitherto manual process. The space is mostly served by ERP and Accounting solutions. Numberz is also trying to bring other Financial Services into the fold (banking and insurance products) that work directly with the ‘money-in’ parts of the small and large corporates. The B2B startup was founded by Aditya Tulsian, Rajeev Chari and Baskar Ganapathy. Tulsian, a former Diamond Consulting and Intuit India employee, is an Indian School of Business graduate. Chari who has work experience across IT, FMCG and automobile industry is also an alumnus of Indian School of Business. He has worked with analytical firm SAS India apart from stints at Coca-Cola and Ford India. Ganapathy, an alumnus of University of California, comes with a rich product experience with Amdocs, AT&T and Intuit India.