AI TOOL PROFILE
Centime: Finance Automation and Business Banking
- Finance and Accounting
- Billing and Invoicing
- Mid-market companies
- Enterprise companies
- NetSuite users
- Sage Intacct users
- QuickBooks users
Pricing
Pricing is usage-based, with AP pricing based on invoice volume captured and AR pricing based on invoices collected. A free sandbox account is available for testing.
At a glance
- Best for
- Mid-market companies, Enterprise companies, NetSuite users, Sage Intacct users, QuickBooks users
- Key use cases
- Automating Invoice Processing, Managing Collections, Short-term Liquidity Planning, Centralizing Cash Management
- Integrations
- NetSuite, Sage Intacct, QuickBooks Online, QuickBooks Desktop, MS Dynamics 365 BC
- Official website
- Visit centime official website
How AI is used
Centime is a finance automation platform designed for mid-market and enterprise companies. It integrates accounts payable (AP), accounts receivable (AR), expense management, and business banking into a single system that syncs with a company's ERP.
The software supports the digitization of the invoice-to-pay cycle using OCR for data capture and machine learning for GL coding. It also provides tools for managing collections and forecasting short-term cash flow using a 13-week rolling model.
Buyers should note that the platform is specifically built for users of certain ERPs, including NetSuite, Sage Intacct, and QuickBooks. Those using other accounting systems may find the tool incompatible.
Implementation typically occurs within 7 to 21 business days, and the company assigns a dedicated Customer Success Manager to each account to assist with onboarding.
Key Features
AI-Powered OCR and Coding
Extracts data from invoices and predicts header and line-level GL codes based on historical patterns.
AP and AR Automation
Supports invoice approvals, 3-way PO matching, and AI-driven collections workflows.
Cash Flow Forecasting
Includes a 13-week rolling forecast and scenario planning to monitor liquidity and cash trends.
Integrated Business Banking
Offers high-yield checking accounts and account aggregation to view multiple banking relationships in one dashboard.
Expense Management
Provides mobile-first expense tracking and policy enforcement, powered by Fyle.
Supplier and Customer Portals
Self-service portals that allow vendors to update details and customers to manage payments.
Use Cases
Automating Invoice Processing
Using OCR and AI to capture invoice data and predict GL coding to reduce manual data entry.
Managing Collections
Applying AI-powered workflows and targeted campaigns to help reduce overdue payments.
Short-term Liquidity Planning
Utilizing 13-week rolling forecasts to model scenarios and identify potential cash shortfalls.
Centralizing Cash Management
Aggregating multiple bank accounts into one dashboard while utilizing high-yield checking for idle funds.
Integrations
- NetSuite
- Sage Intacct
- QuickBooks Online
- QuickBooks Desktop
- MS Dynamics 365 BC
FAQ
Which accounting systems does Centime integrate with?
- Centime is designed to integrate with Oracle NetSuite, Sage Intacct, and all versions of QuickBooks.
How is Centime priced?
- Pricing is based on volume: AP pricing depends on the number of invoices captured, and AR pricing is based on the number of invoices collected.
How long does the implementation process take?
- Most customers are typically up and running within 7 to 21 business days.
Is there a way to try the software before buying?
- Centime offers a free sandbox account and a product tour that allows users to explore the platform with demo data.
Source category: Finance & Accounting
Source subcategory: Billing & Invoicing
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