Case Study: Heron Data eliminates late invoicing with Received

Heron Data - Customer Case Study

Heron Data, a company that provides ML-powered underwriting tools for small business lenders, faced significant challenges with its manual and complex billing process. Using spreadsheets to handle bespoke, usage-based contracts was time-consuming, error-prone, and led to delayed invoicing that negatively impacted cash flow. To solve this, they implemented the billing automation platform from Received.

By using Received, Heron Data automated its entire billing process, including complex usage tracking and contract logic. The solution provided full data visibility and required no engineering resources. The results were immediate: billing time was reduced from five days to just a few hours each month, and Heron Data collected 70% of its due payments on the very first day, dramatically improving cash flow.

Heron Data

Demi Brenner

Strategy & Operations