business finance tools – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Fri, 21 Nov 2025 12:26:15 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png business finance tools – Tech | Business | Economy https://techeconomy.ng 32 32 Stuut Technologies Lands $29.5m to Automate the Work Finance Teams Hate Most https://techeconomy.ng/stuut-technologies-lands-29-5m-to-automate-finance-work/ https://techeconomy.ng/stuut-technologies-lands-29-5m-to-automate-finance-work/#respond Fri, 21 Nov 2025 12:26:15 +0000 https://techeconomy.ng/?p=171458 Stuut Technologies has closed a $29.5 million Series A round to push its autonomous accounts receivable platform deeper into mid-market and enterprise operations. 

The raise, led by Andreessen Horowitz with backing from Activant Capital, Khosla Ventures and several others, brings new board members on deck as the company prepares for a wider commercial sprint.

The funding gives Stuut room to enhance six core functions it already targets, including collections, payments, cash application, deductions, credits and disputes. These are the areas where companies with heavy transaction volumes often struggle the most.

Many still depend on staff who spend long days chasing customer payments, combing through portals and matching records by hand. For some firms, that drag can wipe out up to 5% of EBITDA.

Rather than treating accounts receivable as a set of tools that still rely on humans, Stuut built its platform as a worker that completes each step itself. It reads customer patterns, manages outreach, resolves disputes and pulls information from different systems without waiting for someone to guide it. 

Many firms have promised speed, but Stuut’s assertion is different. The company says it removes manual steps entirely.

Tarek Alaruri, co-founder and chief executive said the underlying technology only recently became possible. “The technology to actually automate this work didn’t exist 18 months ago when we started Stuut,” he said. “We can now handle exceptions and complexity, learn from each interaction, work across disconnected systems, and execute tasks end-to-end. Previous solutions help humans click buttons faster. We eliminate the clicking entirely and are helping brands collect millions more in previously lost revenue.”

The company says implementation takes days rather than the six-month to 18-month rollouts common with older software. Early adopters such as ZoomInfo, Bishop Lifting, Honeywell and PerkinElmer are already using the system, with reported reductions of 40% in overdue balances and cuts of up to 70% in manual workload.

Honeywell’s Head of Quote to Cash, Razvan Bratu, said the impact is immediate. “Stuut is transforming our accounts receivable operations on a daily basis. We’re collecting faster from the in-scope customers, our cash flow is improving, and our team has more time to focus on white gloves service for top customers,” he noted. “The platform handles the routine work so our people drive increased real business value.”

Venture supporters say Stuut Technologies is moving the industry towards fully autonomous financial operations. “Accounts receivable is one of the finance functions still dominated by manual work. Stuut changes that by replacing repetitive AR tasks with software that actually does the work–and does it better,” said Seema Amble of Andreessen Horowitz. She added that the company’s early results show clear returns for clients.

Activant Capital’s Steve Sarracino said this is a good difference in how businesses will run their finance stack. “We backed Stuut because they’re redefining AR as an autonomous system of intelligence that learns, executes, and compounds value over time. This is an exciting move from tool-centric software to results-centric operations.”

With new capital and pressure on companies to speed up cash recovery, Stuut is changing the slow processes and ageing tools in the sector.

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Sage Intacct Launches on AWS Marketplace to Simplify AI-Driven Finance for SMBs https://techeconomy.ng/sage-intacct-launches-on-aws-marketplace/ https://techeconomy.ng/sage-intacct-launches-on-aws-marketplace/#respond Thu, 17 Jul 2025 13:02:59 +0000 https://techeconomy.ng/?p=163270 Sage, a provider of accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), has announced the availability of Sage Intacct in the new AI Agents and Tools category of AWS Marketplace

Customers can now use AWS Marketplace to easily discover, buy, and deploy AI agentic solutions, including  Sage’s AI-powered financial management solution for SMBs, Sage Intacct, using their AWS accounts, accelerating agent and agentic workflow development.

Sage Intacct helps finance teams reduce manual workloads, accelerate the close, and make faster, insight-driven decisions. Powered by Sage Copilot, it automates key processes like reconciliation and reporting, freeing teams to focus on strategic priorities. 

With built-in industry-specific capabilities that simplify complex workflows and improve data accuracy, Sage Intacct helps organizations boost efficiency, reduce risk, and deliver high performance across finance operations.

Our deep relationship with AWS is built on years of collaboration to deliver meaningful innovation for SMBs. By bringing Sage Intacct to this new Marketplace category, we’re making it easier than ever for finance teams to access intelligent automation, accelerate growth, and stay focused on the work that truly drives performance. 

“It streamlines how customers tap into powerful financial capabilities and deploy AI powered solutions quickly and efficiently. Teams are already using Sage Intacct to reduce friction, increase speed, and deliver sharper insights and stronger outcomes, demonstrating what high-performance finance looks like in practice,” said Amaya Souarez, EVP, Cloud Services & Operations, Sage.

Sage Intacct delivers essential capabilities including multi-entity consolidation, AI-powered anomaly detection, close automation, budget to variance analysis, help search, cash flow forecasting, and seamless integration with operational systems. 

These features help finance teams improve control and compliance, surface issues before they escalate, and maintain a real-time view of performance across the organization.

With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. 

With centralized purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS.

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