Daylit

Daylit is an all-in-one working capital platform that leverages AI-driven receivables intelligence to help finance teams solve cash flow challenges. By automating collections and providing flexible funding options, Daylit empowers businesses to focus on growth without worrying about cash flow. The platform's AI agents work 24/7 to track receivables, forecast cash flow, and unlock funding automatically, acting as an extension of your finance team to save time and reduce manual effort.

How to use Daylit

To get started with Daylit, businesses typically follow these steps: First, book a demo through their website to see the receivables intelligence dashboard and understand its capabilities. Next, complete a simple application for working capital solutions, which takes about 5-10 minutes. Once approved, you can upload invoices or bills to the platform to access various financing products. For example, use 'FundNow' for accounts receivable financing or 'PayLater' for delaying vendor payments. The AI agents will then begin to automate collections, provide insights, and update cash flow forecasts in real-time, all managed through a user-friendly online dashboard.

Core Features of Daylit

• AI Agents for Receivables Intelligence: Automate the entire collections process, including chasing late invoices, resolving payment disputes, and reconciling payments.
• Comprehensive Working Capital Solutions: Offers a suite of products including accounts receivable financing (FundNow), accounts payable financing (PayLater), offering payment terms to customers (OfferTerms), and a working capital line of credit (DrawDown).
• AI-Powered Cash Flow Forecasting: Automatically analyzes invoice delays and payment probabilities to generate and update a 13-week cash flow forecast in real-time.
• Proactive Risk Detection: AI agents sift through customer communications and public data to flag at-risk accounts before they become a problem.
• Embedded Finance Partnerships: Seamlessly integrates with existing platforms like ERPs, CRMs, and vendor portals to provide financing tools directly within a business's workflow.
• User-Friendly Dashboard: A simple and intuitive platform to track financing, monitor A/R performance, and access actionable intelligence 24/7.

Use Cases for Daylit

Daylit is ideal for businesses seeking to improve their financial health and operational efficiency. It's particularly useful for finance teams aiming to reduce Days Sales Outstanding (DSO) and accelerate cash collection. Companies that struggle with manual, time-consuming A/R tasks such as chasing payments and reconciling accounts can use Daylit's AI agents to automate these processes. Furthermore, businesses in need of flexible capital to manage cash flow gaps, pay suppliers early for discounts, or fund growth initiatives like inventory purchases and expansion can leverage Daylit's various working capital products.

Advantages of Daylit

The primary advantage of Daylit is its dual focus on AI-driven intelligence and flexible financing. This combination allows businesses to not only get paid faster but also gain deep, real-time insights into their A/R portfolio. The platform is free to open and maintain, with no fees for unused services. Its application and funding process is exceptionally fast, with decisions often made instantly and funds available as early as the next day. The terms are flexible and tailored to a company's specific cash conversion cycle, avoiding the rigidity of traditional loans. Finally, its AI agents save significant costs and time for collections teams, allowing them to focus on higher-value strategic work.