Finly.io

Finly.io is an AP automation system offered by VV Finly Technology Pvt Ltd. It aims to digitize the accounts payable process and streamline finance operations for businesses. This solution is designed to cater to businesses of various sizes, ranging from mid-scale businesses to enterprises. According to the vendor, Finly.io is specifically designed for finance teams, procurement/administration professionals, accounting departments, operations teams, and technology departments across multiple industries.

Key Features

Scalable AP Automation: According to the vendor, Finly.io digitizes the accounts payable process by automating invoice processing and payment workflows, which is intended to increase productivity and efficiency for finance teams.

Secure Remote Access: The system provides secure remote access, allowing finance professionals to process invoices from remote locations. This feature is said to ensure uninterrupted workflow and flexibility for distributed finance teams.

Increased Productivity: The vendor claims that Finly.io significantly increases productivity for finance teams by automating manual tasks and reducing data entry and repetitive work.

Robust Statutory Compliance Enforcement Framework: The system is designed to ensure compliance with statutory regulations and guidelines. According to the vendor, it provides a framework to enforce compliance in financial operations, helping businesses avoid penalties and legal issues.

Complete Control and Governance: Finly.io offers complete control and governance over business spend, including budgetary control and automated fraud detection and prevention measures. The vendor states that this feature ensures financial discipline and transparency.

Complete Visibility: According to the vendor, the system provides complete visibility into business spend with transaction and item level breakdowns. This feature enables finance teams to analyze spending patterns and make informed decisions for cost optimization.

Identify Cost Saving Opportunities: Finly.io is said to help organizations identify cost-saving opportunities by providing insights and analytics to optimize spending and reduce costs. The vendor claims that it empowers finance teams with data-driven recommendations for efficient resource allocation.

Simplified Spend Management: The system simplifies spend management for finance teams through features like enforced budgetary control, automated fraud detection, and cash flow forecasting. According to the vendor, this streamlines financial operations and ensures effective resource utilization.

Centralized Invoice and Document Management: Finly.io offers a centralized platform for invoice and document management, making it easy to access and retrieve invoices and related documents. The vendor claims that this feature improves efficiency and reduces the chances of document loss or misplacement.

Vendor Suite: The system provides a smart e-procurement system for streamlined purchasing and spend control. It includes modules for vendor management, spend budgeting automation, and non-PO payments, enabling efficient vendor collaboration and cost management.