High-Tech Start-up Brings Cutting-Edge Technology to the Stone Industry
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Photo Courtesy of SimpliCapital
WILTON, CT -- SimpliCapital (SC) is excited to introduce 1-click payments to its award-winning cash management platform. SimpliCapital (www.SimpliCapital.ai) streamlines and accelerates collections and payments for any size shop in the stone industry. Using AI, it predicts and engages customers, accelerating order-to-cash conversion and providing detailed cash flow projections effortlessly.
"Integrating seamless customer payment collection across multiple channels and methods has always been a key part of our product roadmap," said CEO and co-founder Vivek Chaudhri. "Now, customers can pay via credit card, debit card or ACH."
SC supports secure ACH payments with premium next-day funding and has built-in capabilities to apply processing fees for credit card transactions. Combined with its predictive AI engine, the platform enables shops to be hands-off and let the software do the work.
By leveraging this technology, businesses can unlock "trapped cash" and often increase available cash by 20 to 30%. "Within 90 days, most customers significantly reduce receivables, injecting valuable cash into their businesses,” Chaudhri. “A $10 million shop can typically free up $200,000 to $300,000 for growth, debt reduction or other strategic investments."
"Recent times have been tough for many shops, making it more important than ever to free up cash,” said Chaudhri. “As former G.E. Executives, we’ve integrated AI and strategies proven in $100B+ companies into SimpliCapital, specifically for the countertop industry, delivering significant value at a cost that quickly justifies itself.”
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