Meet Statement: An artificial intelligence-powered financial management software designed to streamline and improve accounting processes for companies of all sizes. Cash flow projections, Accounts Receivable (A/R) reconciliation, and international cash management are all available on the platform.

It is intended for several departments, such as accounting, finance, treasury, and investment. The platform employs AI to do automated tasks and supply valuable insights that aid in making sound financial decisions for enterprises.

Airbnb, Shopify, and Stripe are just a few companies using Statement. It has been said that the platform has helped firms increase their profits, lower their expenses, and make more prudent economic decisions.

Benefits of Statement

• Statement's cash forecasting tools improve a company's ability to foresee its cash flow demands. This can aid companies in making more informed investment and cash flow decisions.

• Accounts receivable are reconciled faster and with fewer human errors using Statement's automated A/R reconciliation solutions. Saving time and minimizing the potential for human error is a win-win.

• Statement's worldwide cash management features improve a company's ability to handle cash flows in different nations and currencies. This has the potential to boost productivity and cut expenses for companies.

Funding round

In a recent investment round, Statement brought in $12 million, led by Glilot Capital Partners. The round also saw the participation from Citi, Mensch Capital Partners, Titan Capital, and Operator Partners. The money will go toward increasing the company's marketing and sales efforts, as well as improving the company's money management software.

Key takeaways

• Statement is an AI-driven platform for financial management that may improve the financial operations of organizations of any size.

• Cash flow projections, Accounts Receivable (A/R) reconciliation, and international cash management are all available on the platform.

• It is intended for several departments, such as accounting, finance, treasury, and investment.

• In a recent investment round, Statement brought in $12 million.

• Airbnb, Shopify, and Stripe are just a few companies using Statement.

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