Centime Inc.

You have $10 Million in cash sitting in your operating bank account. Your bank pays you 0.01% interest. You are earning $1,000 per year. Here is the problem: Your money is uninsured. FDIC insurance covers up to $250K per depositor per bank. If you have $10M in one bank, $9.75M is uninsured. If the bank fails, you lose that money. Banks do fail. It does not happen often, but it happens. And when it does, you lose money. Traditional solution: Keep multiple bank accounts at different banks. But that is a nightmare to manage. You have to: - Maintain relationships with 5+ different banks - Manage cash positioning across multiple accounts - Reconcile multiple bank statements - Monitor each account's cash position separately Modern solution: Centime's FDIC deposit diversification program. How it works: - You maintain one master account in Centime - When your cash balance crosses a threshold, Centime automatically diversifies your deposits across multiple FDIC-insured banks - Each bank holds up to $250K - You earn 2.25% APY on your total balance (not 0.01%) - You have one login, one statement, one reconciliation process - Full visibility into where your deposits are and when they mature - Powered by FNBO, one of the largest banks in America Math: $10M at 2.25% APY = $225K per year in earned yield Compare that to $1K per year in your operating account. Your cash should be working for you, not against you. Learn about Centime banking: https://lnkd.in/eepEs29R #TreasuryManagement #CashManagement #FDICInsurance #Banking #Fintech #Centime

Finance teams evaluating Centime vs. Stampli consistently choose Centime for deeper automation, true ERP embedding, and fewer manual workarounds. Stampli Users are Switching to Centime Inc. Here’s Why. [1] AP Collaboration vs Full Platform: Stampli excels at collaborative AP approvals. Centime is a unified AP + AR + Expense + Cash Forecasting platform. [2] ERP Support: Stampli supports many ERPs broadly but not deeply. Centime has deeper native integrations with NetSuite, Sage Intacct, and QB. [3] Pricing: Stampli charges per user. Centime has platform pricing with APY earnings that offset costs. [4] Scope: Stampli is AP-focused. Centime is a finance platform that starts with AP but extends across the entire finance operation. [5] If your primary need is collaborative AP approvals and you do not need AR or forecasting, Stampli is a good fit. If you want to modernise your entire finance operation with one platform, Centime is the choice. The question: Do you want an AP tool, or do you want a finance platform? See the full comparison: https://lnkd.in/eyB8kfwK #APAutomation #FinanceAutomation #Comparison #Centime #Stampli #SoftwareComparison

Manufacturing companies deal with a unique AP challenge: 3-way PO matching. Every invoice from a vendor needs to match: 1. The PO (what you agreed to order) 2. The receipt (what was actually delivered) 3. The invoice (what the vendor is asking to get paid) If all three match, you pay the invoice. If they don't match, you have a discrepancy. Traditional 3-way match: - Your AP team gets an invoice - They dig into your ERP to find the matching PO - They check the receiving log to confirm the goods were received - They compare quantities, prices, and dates - If everything matches, they code and approve the invoice - If something is off, they go back to the vendor to clarify This process takes 15-30 minutes per invoice. For a manufacturing company with 500+ invoices per month, that is 125-250 hours of manual work. Centime Inc.'s approach: - AI reads the invoice and extracts the key data (vendor, date, amount, line items) - AI automatically matches the invoice to the PO in your ERP - AI confirms receipt by checking your receiving log - AI flags any discrepancies (qty mismatch, price variance, missing receipt) - For matches: instant approval routing - For discrepancies: escalation with context for your team to resolve Result: 70% of invoices are auto-matched and routed for approval. Your team spends time on exceptions, not routine work. For manufacturing, this cuts AP processing time from hours per invoice to minutes. See Centime for manufacturing: https://lnkd.in/eXaKAAwE #Manufacturing #APAutomation #POMatching #FinanceAutomation #Centime #SupplyChain

Here is what finance automation typically costs a mid-market company: Manual AP processing: 1-2 people doing invoice data entry, approval routing, payment scheduling. Cost: $75-100K per person per year. Total: $75-200K. Manual AR/collections: 1 person chasing payments and following up on past-due invoices. Cost: $60K/year. Manual cash forecasting: 10-15 hours per week of finance leadership time building and updating spreadsheet forecasts. Cost: $100K in CFO/controller time spent on admin work. Total cost of manual finance operations: $175-400K per year in internal labor. Now here is the ROI from Centime Inc. [1] Reduce AP processing time by 70%: Save 1-1.5 FTE = $75-150K per year [2] Reduce DSO by 5-10 days: Free up cash tied up in AR = 5-10 days × (your daily sales) = $100K-$500K cash freed up [3] Earn 2.25% APY on AP float: $5M AP balance × 2.25% = $112K per year [4] Reduce finance leadership's manual forecasting work by 80%: Free up $80K in CFO/controller time Total annual benefit: $267K-742K Total cost of Centime: $20-30K per year Net annual benefit: $247K-722K ROI: 800% - 2400% in year one That is why finance teams are moving away from their current tools. Try our ROI calculator: https://lnkd.in/dS3c2U2g #ROI #FinanceAutomation #APAutomation #CFO #Centime #FinancialPlanning

Every CFO has a cash flow forecast. And every CFO knows it has discrepancies. Here is why: 1. Manual inputs: Your forecast starts with someone pulling data from multiple systems (ERP, bank, emails) and entering it into Excel. That takes time. 2. Stale data: Your forecast was built on Monday. On Wednesday, you get a surprise invoice from a customer cancellation. The forecast does not know that because it hasn't been updated. 3. Assumptions that don't hold: You assumed invoices would be collected in 30 days. But 20% of your customers are paying in 45 days. The forecast is off by 5 days of cash. 4. Multiple versions: Your version of the forecast is in your laptop. Your CFO has a different version. Your CEO has a third version they showed the board. Which one is correct? 5. Tactical, not strategic: Once you have the forecast, it sits in a spreadsheet. You don't actually use it to drive decisions about cash management or working capital. Modern approach: - Your forecast pulls live data from your ERP (AP, AR, expenses) - It connects to your bank for cash balances - It learns from historical collection and payment patterns - It updates hourly - There is one source of truth, not multiple versions - You see problems 4-6 weeks before they happen, so you can actually do something about it Stop building forecasts that will be incorrect. Start building forecasts that are live. See a live forecast: https://lnkd.in/dthTpWTC #CashFlow #CFO #Forecast #FinanceAutomation #Centime #TreasuryManagement

You are evaluating AP automation solutions. Everyone claims to be "the best." How do you actually choose? Here is the evaluation checklist: [1] Does it integrate natively with your ERP or does it sit outside? - Native integration (NetSuite, Sage Intacct, QB) = data syncs automatically, less manual work - Sits outside = data silos, manual reconciliation, slower implementation [2] Is it invoice processing only or a full finance platform? - Invoice-only = good for tackling AP, but you still need separate AR, expense, and banking tools - Full platform = one system for AP, AR, expenses, and cash flow [3] What is the pricing model? - Per-transaction = costs scale with volume. Grow 20%, costs grow 20% - Platform pricing = fixed cost, no surprise growth in software spend - With earnings = can you earn APY on payment float? [4] How fast is implementation? - Weeks (BILL, Stampli) = you are managing a complex integration project - Minutes (Centime) = if you use a supported ERP [5] The right solution depends on your specific needs. - If you want AP-only automation and you don't use an ERP = BILL - If you want a unified finance platform inside NetSuite or Sage Intacct = Centime - Talk to real users and compare Read the full AP automation buyer guide: https://lnkd.in/etKp5-cZ #APAutomation #BuyerGuide #SoftwareEvaluation #FinanceAutomation #Centime #CFO

Healthcare systems have a unique finance problem: Multi-entity complexity. You might have: - A main medical center - 5 satellite clinics - A management services organization (MSO) - Each with its own P&L - Each with its own cash position Traditional ERP systems (NetSuite, Sage Intacct) can consolidate data, but the visibility is slow and manual. You pull a report once a month. By the time you see it, the financial position has shifted. For healthcare, cash visibility matters even more than other industries: - You have recurring government payer payments (Medicare, Medicaid) that are predictable - You have seasonal patient volumes that create seasonal cash patterns - You need to forecast cash across entities for capital planning - You need real-time visibility into AR aging (patient payments) because it represents the majority of your cash inflow Centime Inc. brings real-time multi-entity cash visibility to healthcare systems: - See consolidated cash across all entities simultaneously - Understand which entities are generating cash and which are consuming it - Forecast cash-flow across entities with 13-week visibility - Trigger alerts when any entity drops below a minimum cash threshold - Track government payer payment timing and cash impact For healthcare CFOs, this is transformational. You go from monthly financial updates to real-time cash intelligence. See Centime for healthcare: https://lnkd.in/dMuk8aUn #Healthcare #CashFlow #FinanceAutomation #MultiEntity #HealthcareCFO #Centime

Your cash forecast is already outdated. The moment you finish building a static model, reality has moved on – interest rates shifted, a supplier went dark, headcount changed. For mid-market CFOs, that's not just a workflow problem. It's a structural one. In Centime Inc.'s upcoming session on May 12, CEO & Co-Founder BC Krishna will demonstrate how #AI is changing cash forecasting from passive prediction into dynamic, scenario-based modeling – a real-time workbench financial leaders can actually act on. Register now for this complimentary webinar: https://bit.ly/3PpwGWs

NetSuite is great for managing your AR. But its AR automation is limited. You can create recurring invoices. You can set up late payment reminders (which mostly don't work because they come from a system, not a person). You can generate aging reports. But NetSuite's AR workflow is still mostly manual: - Collection outreach is random and inconsistent - You have no visibility into which customers are about to go past due - No risk segmentation. All customers are treated the same - No self-service payment option (except through an expensive add-on) Centime Inc. integrates natively with NetSuite for AR. When a customer gets invoiced in NetSuite: - Centime AI analyzes their payment history and assigns a risk score - At-risk customers get proactive outreach (not a generic reminder, but intelligent engagement) - Low-risk customers can pay through a self-service portal if they choose - You see a real-time DSO metric and which customers are most at risk of going past due - Collections team has visibility and context for every customer interaction The result: Your DSO drops 5-10 days without building out a separate collections team. If you run NetSuite, Centime AR automation is the missing piece of your AR workflow. See Centime AR for NetSuite: https://lnkd.in/eurMFvwq #ARAutomation #NetSuite #CollectionsManagement #DSO #FinanceAutomation #Centime

You just got hired as a CFO at a mid-market company. Congratulations. You have 90 days to make an impact. Here is the playbook: Days 1-15: Listen & Learn - Meet every team member - Understand the current financial systems - Identify the biggest cash and efficiency leaks - Talk to the CEO about priorities Days 15-30: Audit the Operation - Run a forensic analysis of your AP process. How much time is your team spending on manual work? - Look at your cash conversion cycle. Where are the big gaps? - Review historical cash flow shortfalls. How much could you have prevented with better visibility? - Talk to your team about their biggest frustrations (9 out of 10 will mention AP and cash forecasting) Days 30-45: Plan the Quick Wins - Identify the finance automation opportunities that have a 30-60 day ROI - Most CFOs start with AP automation (biggest time savings, immediate cash benefit from float earnings) Days 45-75: Deploy & Train - Get a modern platform like Centime Inc. implemented (it syncs in minutes if you already use NetSuite or Sage) - Train your team on the new workflow - Start seeing immediate productivity gains Days 75-90: Consolidate & Plan - Your team is now processing AP in half the time - You have real-time cash visibility for the first time - Now you can start thinking about AR automation and cash forecasting By day 90, you have cut AP processing time in half, freed up 100+ hours of team time, and set up a cash forecasting infrastructure. That is a strong first 90 days. The key: Start with AP automation. Everything else builds from there. Read the full playbook: https://lnkd.in/dAknQqaF #CFO #FinanceLeadership #APAutomation #FinanceAutomation #NewRole #Centime