CEO
Automated invoicing for B2B companies
Taylor Ballenger
Los Angeles
2022
Synthesize offers companies a suite of internal tools that help shorten the account receivable cycle. In the United States alone, $3T is tied up in outstanding AR — the average payment terms are 28 days yet take on average 2x that time to close, and over 40% of B2B invoices are paid late. Yet, so much of the order-to-cash process today is still done manually, with problems from invoice creation all the way to reconciliation. That problem is only growing with companies offering more variable and conditional pricing models, promos, refunds, and other billing exceptions.
Taylor Ballenger
Los Angeles
2022
Synthesize offers companies a suite of internal tools that help shorten the account receivable cycle. In the United States alone, $3T is tied up in outstanding AR — the average payment terms are 28 days yet take on average 2x that time to close, and over 40% of B2B invoices are paid late. Yet, so much of the order-to-cash process today is still done manually, with problems from invoice creation all the way to reconciliation. That problem is only growing with companies offering more variable and conditional pricing models, promos, refunds, and other billing exceptions.
