Invoiced

What Invoiced does

Invoiced is a cloud-based accounts receivable automation platform that automates the invoice-to-cash lifecycle for B2B organizations ranging from small businesses to large enterprises. The platform unifies invoice generation and delivery, collections (via Smart Chasing and Automated Dunning), embedded payment processing (ACH, cards, virtual cards, check lockbox), cash application using the proprietary CashMatch AI algorithm, and real-time analytics with cash collection forecasting. Core architecture follows a platform-plus-modules model: the Accounts Receivable core integrates with A/R Automation, Payments, Analytics, and Integration Studio, supported by sub-products including Automation Builder (no-code custom workflows), Subscription Billing, Customer Portal, Payment Plans, and Late Fee Automation.

Invoiced's technology foundation includes an open API with sandbox access, Integration Studio connecting to 1,000+ applications via drag-and-drop recipes and OAuth-authenticated event-triggered sync, and native bi-directional integrations with major ERP systems (NetSuite, Sage Intacct, Microsoft Dynamics, QuickBooks, Xero, Workday, SAP, Epicor) and CRM (Salesforce). AI capabilities are concentrated in CashMatch AI for payment matching and anomaly detection, Remittance Advice AI for extraction, predictive cash flow forecasting, and generative AI for dunning communications. Post-acquisition by Flywire in August 2024, Invoiced gained access to global payments infrastructure supporting 140+ currencies and 1,200+ local payment methods.

The business operates as a pure SaaS subscription model with monthly billing, scalable pricing based on organization size and feature requirements (specific price points not publicly disclosed), and a hybrid go-to-market motion combining direct sales for enterprise and mid-market, self-serve onboarding for SMBs, and a reseller/referral partner program. Customer segments span CFOs, controllers, accountants, A/R managers, and business owners across industries including healthcare, legal, education, agencies, financial services, insurance, and software/technology. The company reported approximately $2 million in FY 2024 revenue and 11-50 employees, and now operates as "Invoiced by Flywire" under Flywire (NASDAQ: FLYW).

Name

Invoiced

Legal name

Invoiced, Inc.

Website

https://invoiced.com

Company type

Private

Founded year

2013

Operating status

Acquired

Headcount range

11–50 employees

Short description

Invoiced is a cloud-based accounts receivable automation SaaS platform that streamlines invoicing, collections, payments, and cash application for B2B organizations from SMBs to enterprises. Acquired by Flywire in August 2024, the platform integrates with 1,000+ apps and uses CashMatch AI for automated payment matching.

Ownership category

akta.pro rank

Product category

Accounts Receivable Automation Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB)

akta.pro secondary industries

Payment Posting, Reconciliation & Cash Application for Bills (FSAMAJAL), Recurring Billing & AutoPay Management (FSAMAJAE), Biller Direct EBPP Platforms (FSAMAJAA)

Keywords

• Accounts receivable automation
• Invoicing software
• Collections automation
• Cash application AI
• B2B payment processing

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription: Cloud-based accounts receivable automation software delivered as a subscription service. The platform offers customizable workflows and scalable pricing plans to support organizations of all sizes. Revenue is generated through recurring subscription fees with pricing based on usage, features, or organization size.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

Invoiced is a cloud-based accounts receivable automation platform that streamlines the invoice-to-cash lifecycle for B2B organizations. The platform automates invoice generation and delivery, collections communications, payment processing, AI-driven cash application and reconciliation, and reporting/forecasting. It supports global payments across 140+ currencies and 1,200+ local payment methods, and integrates natively with major ERP and CRM systems including NetSuite, Sage Intacct, Microsoft Dynamics, QuickBooks, Xero, and Salesforce.

Product overview

Invoiced by Flywire is a cloud-based accounts receivable automation platform offered as a unified platform-plus-modules architecture. The core Accounts Receivable product serves as the central hub, with integrated modules for A/R Automation, Payments, Analytics, and Integration Studio. A/R Automation handles invoice delivery, collections, and cash application; Payments provides embedded payment processing; Analytics delivers reporting and forecasting; and Integration Studio connects to 1,000+ external applications. Key sub-products and features include Automation Builder for custom workflows, Subscription Billing for recurring charges, CashMatch AI for automated payment matching, Smart Chasing for collections communications, Automated Dunning, Late Fee Automation, Customer Portal, Payment Batches, Virtual Card Processing, Check Lockbox, Global Payments, Payment Plans, ERP Connect for on-premise integrations, and Invoice-to-Cash end-to-end workflow automation. The platform integrates natively with major ERP systems (NetSuite, Sage Intacct, Microsoft Dynamics, QuickBooks, Xero, Workday) and CRM systems (Salesforce), and leverages AI capabilities including CashMatch AI for payment matching, predictive cash flow forecasting, and generative AI for dunning messages.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts Receivable Platform Invoiced's flagship cloud-based accounts receivable automation platform that automates all aspects of billing, collections, payments, reporting, and forecasting within one online platform for B2B finance teams.
• A/R Automation Automated invoicing and collections module that automates A/R processes from invoice delivery to payments to cash application, including Smart Chasing for automated follow-ups. Targeted at B2B finance teams seeking to reduce manual collections work.
• Payments Embedded payment processing module supporting ACH, BACs, direct debit, credit cards, iDeal, SEPA, virtual cards, and other alternative payment methods. Enables fast, easy B2B payment collection for businesses.
• Analytics Real-time reporting and cash flow forecasting module providing pre-built templates, advanced reporting with custom queries, multi-entity reporting for businesses with subsidiaries or regions, and cash collection forecasting.
• Integration Studio Integration and automation hub that connects Invoiced to thousands of ERP, CRM, and business applications via drag-and-drop setup without custom development, featuring OAuth authentication and real-time event-triggered sync.
• Subscription Billing Automated recurring billing module that manages flexible plans, billing intervals, and payment options. Supports trials, prorations, and addons for subscription-based businesses.
• Cash Application (CashMatch AI) AI-powered payment matching module using proprietary CashMatch AI algorithm to automatically match incoming payments to outstanding invoices. Reduces manual errors and ensures accurate reconciliation.
• Global Payments Cross-border payment processing enabling billing in local currencies via Flywire global payments network. Supports 1,200+ local payment options and multi-currency invoicing for international B2B transactions.

Quantifiable outcome

• 7 days reduction in average time to pay for clients using A/R Automation
• +6 more outcomes

Named customers9 records

Segments12 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration22 records

AI capability6 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• FlywireflagshipOthers · 1 August 2024Invoiced was acquired by Flywire in August 2024 to strengthen Flywire's B2B payments segment. The acquisition added approximately $2 million in FY 2024 revenue and expanded Flywire's accounts receivable automation capabilities globally. Invoiced now operates as a subsidiary of Flywire (FLYW), combining Invoiced's A/R automation platform with Flywire's global payments expertise.
• NetSuitecoreTechnology or IntegrationNative bi-directional integration with Oracle NetSuite for real-time sync of invoices, payments, and customer records with automated reconciliation and no manual data entry.
• Sage IntacctcoreTechnology or IntegrationNative integration with Sage Intacct enabling automated invoice and payment data flow, eliminating double-entry and ensuring accurate financial records.
• Microsoft DynamicscoreTechnology or IntegrationEnd-to-end connectivity with Microsoft Dynamics Finance & Operations, with invoices, customers, and payment status flowing automatically between systems.
• QuickBookscoreTechnology or IntegrationSimple sync for small business accounting, invoicing, and payment tracking with QuickBooks Online integration.
• XerocoreTechnology or IntegrationEasy-to-use cloud accounting integration for growing businesses, syncing invoices, payments, and customer data with Xero.
• SalesforcecoreTechnology or IntegrationIntegration connecting Invoiced A/R with Salesforce CRM to align finance, sales, and customer success teams on billing and accounts receivable.
• Invoiced Partner Program MembersminorChannel Partner/ Reseller/ DistributorPartner program enabling resellers and referral partners to introduce clients to Invoiced A/R automation software. Partners receive training, support, and resources to drive success for their clients.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Stampli: AI-driven AP automation vendor with adjacent invoicing and payments capabilities; competes for the same B2B finance automation wallet and increasingly overlaps into A/R and cash application.
• Bill.com: Public SMB-focused B2B payments platform for A/R and A/P automation, serving finance teams with invoice management, automated collections, and integrated payments — a scaled direct competitor in the same buyer persona.
• Versapay: Publicly traded B2B payments and A/R automation platform (post-YayPay combination) that automates invoicing, collections, cash application, and the buyer-supplier payment experience — overlapping almost line-for-line with Invoiced's product surface.
• TreviPay: B2B payments and trade credit platform that automates invoicing and A/R for suppliers and marketplaces; directly comparable in offering embedded B2B payment options and global multi-currency invoicing alongside A/R workflows.
• HighRadius: Leading autonomous finance platform for order-to-cash and treasury, offering AI-driven invoice-to-cash, collections, cash application, and deductions — directly competing with Invoiced's A/R automation core for mid-market and enterprise B2B finance teams.
• AvidXchange: Mid-market-focused B2B payments and AP automation platform with growing A/R-adjacent invoicing capabilities; comparable buyer, business model, and channel-led distribution motion.
• YayPay: A/R automation platform now part of Versapay that targeted mid-market finance teams with collections workflow automation and cash application — a direct historical competitor to Invoiced in the same mid-market A/R niche.

Broad incumbents

• Sage Intacct: Cloud financial management platform with built-in A/R, invoicing, and cash management capabilities; competes with Invoiced in the mid-market finance buyer persona, often as a substitute for a best-of-breed A/R layer.
• QuickBooks (Intuit): Dominant SMB accounting platform with native invoicing, payment links, and basic A/R automation; competes with Invoiced's self-serve/SMB onboarding path given massive installed base and low price point.
• Oracle NetSuite: Cloud ERP suite with native A/R, invoicing, and billing modules; while not a pure A/R automation vendor, it competes with Invoiced by bundling A/R functionality into the broader ERP suite that customers are already buying.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/invoicedapp
• YouTubeyoutube.com/@FlywireCo
• LinkedInlinkedin.com/company/invoiced
• Facebookfacebook.com/invoicedapp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Invoiced