Kolleno Solutions
Kolleno Payments
New SuiteApp for accounts receivables management meets Oracle NetSuite SuiteCloud Platform development standards and best practices
London, United Kingdom – June 20th, 2023 – Kolleno, a cloud-based invoice-to-cash solution provider, today announced that its SuiteApp has achieved the ‘Built for NetSuite’ status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations turn revenue into cash by helping finance teams manage and collect outstanding payments.
“Previously, businesses had to hire external credit control specialists or assign extra tasks to team members to manually identify, contact, and follow up with customers to collect overdue payments. These processes are time-consuming, stressful, and often prone to manual errors,” said Dimitri Raziev, CEO and co-founder, Kolleno. “Kolleno was designed to alleviate these challenges. Powered by NetSuite, the new integration will allow customers to automate manual tasks and consolidate all credit control processes into one business system to improve productivity and boost cash flow.”
Building upon NetSuite’s integrated business system, the Kolleno SuiteApp enhances support for accounts receivable and collections management. The combined power of NetSuite and Kolleno helps finance teams to easily prioritize workflows, automate multichannel communication, reconcile payments, and gain real-time visibility into receivables through reports and analytics. The integration helps businesses improve customer relationships by centralizing all payment-related communications and providing a seamless payment experience.
“In the current economic environment with rising inflation and higher interest rates, capital management and real-time visibility into cash flow is increasingly important,” said Guido Haarmans, group vice president, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “This new SuiteApp extends our robust solution for cash management and helps NetSuite customers further optimize processes, accelerate the order to cash cycle, and increase profitability.”
Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides the information, resources, and methodology required to help partners verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like Kolleno, have been built to meet these standards.
For information about Built for NetSuite SuiteApps, please visit Built for NetSuite Overview. For more information about Kolleno, please visit SuiteApp.
About SuiteCloud
Oracle NetSuite’s SuiteCloud platform is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry’s leading cloud-based financials / ERP software suite, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built to extend the power of NetSuite.
The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) that build apps for SuiteCloud. All available and approved SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business processes or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit Developers Overview.
About Kolleno
Kolleno is a global, cloud-based, B2B accounts receivable management and cash collection platform designed to help businesses accelerate cash flow. Kolleno is building the future of cash management by replacing manual credit control and collection processes with optimized workflows, automated collection strategies, and real-time insights into receivables performance. The software is also equipped with machine-learning technology capable of automating and optimizing the timing, method, and delivery of client communications, and offers a variety of efficiency features, such as an actions board and payments portal to simplify follow-up and receipt of payments.
In less than two years of operation, the startup has already acquired customers across several markets in Europe, the UK, U.S., Canada, and South Africa. Kolleno is trusted by companies like Talent Garden, Marshmallow, October, Peblo, and others to reduce average time spent chasing overdue payments from clients and accelerate payments.
For more information about Kolleno, please visit Kolleno website.
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