- Blog
- Company news
Announcing Our Series A: $22M to Build the Future of Accounts Receivable
Today, we’re thrilled to announce Fazeshift’s Series A, bringing our total funding to $22M.
Co-founder & CEO
Caitlin Leksana
Caitlin was the one doing the invoicing and chasing the payments at her last company, which is how Fazeshift started. Before that she was a consultant at BCG in Atlanta, working on pricing and go-to-market strategy for Fortune 500 companies. She has bachelor’s and master’s degrees in mechanical engineering from Georgia Tech and an MBA from Harvard Business School.
Articles by Caitlin
- Blog
- Accounting
Average Collection Period - Formula, Benchmarks, and Improvement Strategies
Learn how to calculate average collection period correctly, avoid common formula mistakes, benchmark against your industry, and use proven tactics like automation and early payment discounts to convert revenue into cash faster.
- Blog
- Accounting
How to Create an Invoice: Templates and Best Practices for 2026
Learn how to create invoices that get paid faster. Discover templates for B2B, recurring, and project billing — plus the common errors causing 61% of late payments.
- Blog
- Accounting
AR Aging Reports: How to Read and Optimize Your Receivables
AR aging reports reveal which invoices are slipping toward uncollectible status — this guide shows how to read them properly, avoid common blind spots, and use automation to act before collection windows close.
- Blog
- Finance
Cash Application: Five Mistakes That Trap Working Capital
Five operational mistakes trap working capital in receivables and inflate DSO — here’s how to fix data quality at the source, prioritize exceptions by impact, and build cash application processes that actually scale.
- Blog
- Company news
A New Look for the Next Phase of Fazeshift
Our new brand reflects our evolution and commitment to transforming finance operations for our customers and partners.
- Blog
- Accounting
How to Calculate AR Turnover Ratio: Formula and Best Practices
Your AR turnover ratio reveals collection efficiency and cash flow health — learn the formula, benchmarks, and improvement strategies.
- Blog
- Accounts receivable
Dunning Management: How to Automate Payment Follow-ups
Most late invoices aren’t customers avoiding payment — learn how automated dunning recovers revenue with systematic, well-timed follow-ups.
- Blog
- Accounts receivable
Managing Open Invoices: Strategies to Reduce Days Outstanding
Open invoices tie up working capital and strain operations — learn proven strategies to accelerate collections and reduce days outstanding.
- Blog
- Accounting
Remittance Advice Processing: From Receipt to Posting
From receipt to posting, remittance processing affects your entire cash cycle — discover how automation eliminates bottlenecks.
- Blog
- Accounts receivable
Collection Letter Templates & Automation — Plus 5 Free Templates to Download
Manual collection letters are inconsistent and time-consuming — discover templates and automation strategies for professional outreach at scale.
- Blog
- Accounts receivable
10 Tips to Automate AR & Collections with AI
Ready to transform collections? Ten practical tips help AR teams implement AI automation while maintaining customer relationships.
- Blog
- Accounts receivable
How AI is Used in Cash Application
AI-powered cash application matches payments in seconds with 99% accuracy — discover how machine learning eliminates manual matching.
- Blog
- Finance
How AI Can Improve Cash Flow And Empower Accounts Receivable
Better cash flow starts with smarter AR — see how AI identifies patterns, predicts payments, and automates actions that accelerate collections.
- Blog
- Accounts receivable
Accounts Receivable Automation: A Definitive Guide
AR automation transforms manual processes into efficient workflows — understand how it works and why finance teams are switching.
- Blog
- Finance
How to Avoid and Identify Operational Risks in Accounts Receivable
AR operational risks can devastate cash flow and customer relationships — learn to identify, assess, and mitigate them with proper controls.
- Blog
- Accounts receivable
How to Choose the Best Accounts Receivable Automation Software
Get practical tips for evaluating AR automation features, integration capabilities, and ROI potential for your team.
- Blog
- Finance
How AI-Driven AR Can Enhance Your Working Capital
In this article, we’ll show you how AI-driven AR automation can transform your working capital position without requiring a complete overhaul of your existing systems.
- Blog
- Accounting
Reduce Your DSO: Common AR Mistakes and How to Fix Them
This article will show you the most common AR mistakes businesses make and — more importantly — how to fix them with smart processes and the right tools.
- Blog
- Finance
The Future of Complex Billing: AI-Driven Accounts Receivable Automation and Its Impact
The rest of this article will walk you through complex billing challenges and how AI-driven solutions are transforming accounts receivable management in these cases.
- Blog
- Accounts receivable
Customizable AI AR Modules: Driving Innovation in 5 Major Industries
In this article, we’ll look at how different industries are using AI-powered AR automation to solve their specific billing challenges, and what that means for your business.
- Blog
- Accounts receivable
What’s Accounts Receivable Process Automation — and Can It Really Save Your Business Time and Money?
We’ll show you how AR automation can transform your financial operations, from cutting down manual tasks to getting payments faster.
- Blog
- Finance
Transform Your AR Process: 5 Ways to Reduce Labor Costs with AI Automation
In this article, we’ll show you 5 practical ways to use AI automation to cut your AR labor costs.
- Blog
- Accounts receivable
How to Write a Debt Collection Letter: Simple Swipe File Samples for Your Business
In this guide, you’ll learn exactly how to craft collection letters that get results, backed by data and real-world experience.
- Blog
- Finance
ROI in Record Time: Calculate Quick Wins of AI-Based AR Automation
In this article, we’ll show you exactly how to calculate the quick wins from AI-based AR automation, so you can make a solid case for investment and start seeing real returns within your first quarter.
- Blog
- Accounts receivable
5 Benefits of Using AI to Resolve Payment Disputes Faster in Accounts Receivable
AI technology is changing how finance teams handle these disputes, cutting down resolution time and catching issues before they grow into bigger problems.
- Blog
- Finance
The Real Cost of Order-to-Cash: Full Guide on O2C Optimization
A well-structured O2C system can transform your cash flow, but getting there isn’t always straightforward.
- Blog
- Accounts receivable
6 Ways AI-Driven AR Automation Revolutionizes Your Finance Operations
Let’s look at how modern AR automation can strengthen your finance operations and give your team the tools they need to succeed.
- Blog
- Accounts receivable
Payment Reminder Best Practices: 7 Brilliant Tips to Improve Your Cashflow
Here are seven practical tips that will help you get paid faster and maintain good relationships with your clients.
- Blog
- Accounts receivable
What Is a Dunning Letter (+ Samples to Collect Past Due Invoices Faster)
Let’s look at how you can create dunning letters that get results. We’ll cover strategies to improve your collections process and help your business maintain healthy cash flow.
- Blog
- Accounts receivable
7 Tips for Improving AR Collection Periods
Managing accounts receivable (AR) can make or break your business’s cash flow. When customers take too long to pay, it affects everything — from daily operations to growth opportunities.
- Blog
- Finance
What’s Accounts Receivable Turnover — And How Automation Can Help
AI is transforming how businesses handle their AR turnover. 44.5% of finance professionals report major gains in operational efficiency with AI — and AR turnover rates are a big part of that improvement.
- Blog
- Accounts receivable
Stay Ahead of Delays: Proactive AI Payment Reminders for Faster Collections
AI is transforming how finance teams handle collections. And it’s working. 81% of finance teams that implemented AI in their finance operations say it was the right move.
- Blog
- Company news
Fazeshift Raises $4M Seed Round Led by Gradient to Revolutionize Accounts Receivable Automation with AI
This seed raise allows us to ambitiously expand our platform for these customers and continue to bring our technology to more teams around the world.
- Blog
- Finance
Assessing Business Health and Performance Through DSO Impact
Changes in your company’s DSO can have greater implications for your business health. Here, we explain the importance of tracking DSO, what it may mean for your financial stability, and how to better manage your DSO when scaling your business.
Reviewed by Caitlin
- Blog
- Accounting
How to Get and Send Remittance Advice for Payments — Plus a Free Example to Download
Remittance advice bridges payment and reconciliation — learn how to optimize this document for faster cash application.
- Blog
- Finance
The 5 Cs in Credit Management for Accounts Receivable
Learn how to balance risk with growth by assessing creditworthiness, setting optimal limits, and protecting cash flow.
- Blog
- Accounting
Allowance for Doubtful Accounts: Tips for Accurate Accounting
We’ll show you how to set up an accurate ADA system that gives you real visibility into your company’s financial position and helps you make better decisions about credit risk.
- Blog
- Accounting
Understanding Payee vs Payer: Key Differences in Financial Transactions
Every financial transaction involves a payee and a payer. Clarity on what to expect from each role can empower your financial team to dial in your expectations for every transaction. This article defines each role and explains how optimizing this relationship can streamline your business’s cash flow.
- Blog
- Accounting
Is Accounts Receivable an Asset or Liability?
Accounts receivable plays a key role in how businesses operate. It’s the money customers owe you for goods and services you’ve provided but haven’t been paid for yet. And it’s really important for keeping your cash flow healthy and your operations running smoothly.
See it run in your system
Bring a batch of your real AR — invoices, payments, whatever’s messiest — and we’ll show you exactly how the agents would read, match, and post it back against your own records.