Case Study: Invoca achieves 42% faster collection with Monto

Invoca collects 85% of portal payments with Monto

Invoca, a real-time revenue execution platform, was struggling to collect on-time payments from over 70 customers who used more than 20 different AP portals. The manual process of registering for each portal, formatting invoices to unique specifications, and tracking their status was time-consuming and error-prone, leading to payment delays and a high rate of invoice rejections. This burden on their accounts receivable team was growing as more customers preferred to pay via portals.

By implementing Monto's B2B payments platform, Invoca automated the submission and tracking of invoices across all customer portals. Monto integrated with Invoca's ERP to create a zero-touch process for most payments. The solution delivered significant results: 85% of payments are now processed with no manual effort, the collection time was reduced by 42%, and rejected invoices are resolved and paid 35% faster.

Invoca