What is JustPaid?

JustPaid is an AI-powered platform that automates invoicing and payment collections and solves cash flow issues for businesses.

JustPaid streamlines accounts receivable by automating invoice generation, payment tracking, and collections. It integrates with tools like QuickBooks and Salesforce and offers real-time financial insights. Businesses benefit from reduced errors and faster payments. Minor features include prepaid expense tracking and amortization schedules. 

Key Features of JustPaid

  • Automated Invoicing: Generates invoices from contracts, reducing manual work and ensuring timely billing for improved cash flow.
  • Real-Time Analytics: Provides dashboards to monitor KPIs, burn rate, and revenue, enabling data-driven financial decisions.
  • Payment Tracking: Tracks customer payments and communications, centralizing data for transparency and efficient collections.
  • Contract Validation: Parses contracts to verify billing terms, minimizing errors in vendor and customer agreements.
  • AI-Driven Collections: Automates follow-ups on unpaid invoices, customizing efforts based on client responses for faster payments.
  • Integration with Tools: Syncs with QuickBooks, Salesforce, and Stripe, streamlining workflows across multiple platforms.
  • Prepaid Expense Tracking: Manages prepaid expenses and amortization schedules, simplifying financial oversight for businesses.
  • Chatbot Insights: Offers AI-powered financial chatbot for real-time answers on P&L, cash flow, and more.

How to Use JustPaid

  • Sign up on the JustPaid website and create an account.
  • Connect accounting software like QuickBooks or Salesforce for data syncing.
  • Upload contracts or vendor bills via the platform or dedicated email.
  • Use the dashboard to monitor invoices, payments, and financial KPIs.
  • Enable automated invoicing and collections for streamlined workflows.
  • Access the chatbot for real-time financial insights and queries.

Key Use Cases

  • Streamlining Invoicing: Automates invoice creation from contracts, saving time and ensuring timely billing for businesses.
  • Improving Cash Flow: Tracks payments and follows up on unpaid invoices, reducing delays and stabilizing finances.
  • Financial Oversight: Provides real-time dashboards to monitor KPIs, helping startups make informed strategic decisions.
  • Vendor Management: Validates vendor bills against contracts, ensuring accurate payments and centralized records.
  • Accounting Integration: Syncs with tools like QuickBooks, simplifying workflows for accountants and financial teams.

Pros and Cons

  • Pros:
    • Automates invoicing, saving time for businesses and accountants.
    • Real-time analytics provide clear financial insights for decision-making.
    • Integrates with QuickBooks, Salesforce, and Stripe seamlessly.
    • AI-driven collections reduce payment delays effectively.
    • Centralized dashboard simplifies revenue and vendor management.
  • Cons:
    • Onboarding process may require initial setup time.

FAQs

Is JustPaid Free to Use?

No, JustPaid is not free, but it offers a full-feature trial.

Does JustPaid integrate with other tools?

Yes, it syncs with QuickBooks, Salesforce, Stripe, and Dropbox, simplifying workflows for financial teams and businesses.

What is the JustPaid GPT App?

The GPT App connects financial data to ChatGPT Plus, providing 24/7 insights on P&L, cash flow, and KPIs.

How does JustPaid improve cash flow?

It automates invoicing and collections, tracks payments, and reduces delays, ensuring timely revenue for businesses

Is there an API for JustPaid?

Yes, it offers an API for developers to integrate its financial tools with other systems.