MMonk provides an AI-native accounts receivable platform that automates billing, reminders, collections, and payment matching within an ERP-connected contract-to-cash workflow. It uses AI/ML to predict late payments, flag high-risk accounts, and prioritize collections to reduce DSO and bad debt, while offering real-time cash flow insights. The platform integrates with existing ERP/accounting systems to streamline finance operations and improve forecasting. Its goal is to help SaaS and SMBs maintain healthier cash flow and free finance teams to focus on strategic tasks.
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Industries
Company Size
11-50
Company Stage
Series A
Total Funding
$25M
Headquarters
New York City, New York
Founded
2024
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Monk Named Best AR Automation Software of 2026 TMCnet News [October 16, 2026] | / | Monk Named Best AR Automation Software of 2026 New York, NY, Oct. 16, 2026 (GLOBE NEWSWIRE) - Monk, a leading AR automation software platform, announced today that it has been named the best AR automation software of 2026 by Tech Funding News in its article "Best AR automation software in 2026: 10 tools compared," published October 13, 2026. Monk, named best accounts receivable automation software of 2026 by two publications in October. Monk led the ten-platform comparison ahead of nine other vendors. In its closing guidance, Tech Funding News named Monk the strongest fit for invoice-to-cash teams and its answer to the question of which AR automation software is best, recommending the platform for B2B SaaS and services companies and as an add-on for enterprise finance teams that want faster results. In the publication's comparison table, Monk's standout strength is described as running "the loop from portal submission to matched cash inside a rule-checked audit trail." How the ranking was decided Tech Funding News scored each platform on the factors that decide whether AR automation software pays off: collections automation, cash application accuracy, ERP and CRM integrations, AP portal coverage, implementation time, DSO reporting and fit by company size, with extra weight given to the capabilities that matter most for B2B teams selling through procurement portals. On cash application, the publication highlighted Monk's three-tier matching process, which moves from exact matches to customer-specific rules to a language-model tier that proposes matches with confidence scores, noting that 80% of payments match with no hand-off and 95% once suggested rules take effect. On collections, it pointed to Monk's email agent, Julia, and voice agent, Ryan, which work custome replies directly, with 90% of collections cases closing with zero human intervention. The review also cited Monk's submissions to more than 600 customer AP portals with daily sign-back checks, and the rule-based layer that checks every agent action before it reaches a customer or the ledger, with every step logged. AR automation software for the full invoice-to-cash lifecycle Monk is AI-native AR automation software built for B2B companies, covering the invoice-to-cash lifecycle in one system. The platform issues invoices, submits them to customer AP portals, runs intelligent collections conversations and applies cash, with autonomous AI agents handling invoice follow-ups and customer questions on behalf of the finance team. Monk also takes on dispute resolution and credit risk management, integrates with modern finance stacks, and its customers cut DSO by 40% on average and get back 26 hours a month. Most teams go live in under a week, with no implementation fee and no revenue share. Monk is SOC 2 Type II and ISO 27001 certified and never uses customer data to train models. The Tech Funding News placement follows Monk's first-place position in The Next Web's October ranking of accounts receivable automation platforms, making it the second independent comparison this month to put Monk at the top of the category. Headquartered in New York and built by a team of second-time founders and engineers from quantitative finance and large technology companies, Monk manages $2B+ in receivables for fast-growing businesses worldwide. Frequently asked questions What is the best AR automation software in 2026? Tech Funding News ranked Monk first among ten AR automation software platforms in its October 2026 comparison, citing its collections automation, cash application accuracy, AP portal coverage and rule-checked audit trail. How does AR automation software reduce DSO? AR automation software shortens days sales outstanding by following up on every invoice without waiting on a calendar, answering customer questions and disputes as they arrive, matching incoming payments to invoices automatically, and catching invoices rejected by buyer portals before they age. Monk reports an average 40% reduction in DSO for its customers. What should finance teams look for in AR automation software? The comparison that ranked Monk first evaluated collections automation, cash application accuracy, ERP and CRM integrations, AP portal coverage, implementation time, DSO reporting and fit by company size. Does Monk replace an AR team? No. Monk's agents take on the repetitive follow-up, matching and portal work so the collections team can spend its time on the accounts and decisions that need a person. Finance leaders can learn more about Monk's AR automation software at monk.com. About Monk Monk is an AI-native accounts receivable (AR) automation platform designed to streamline the entire invoice-to-cash lifecycle for B2B companies. Powered by its autonomous AI agents, Monk eliminates manual AR work for your team by handling invoice follow-ups and questions from customers on your behalf. The team also takes cash application, dispute resolution, credit risk management, and portal submissions off your plate by leveraging frontier models and seamlessly integrating with modern finance stacks to support your AR team. Monk helps customers cut DSO by 40% and get back 26 hours a month. The team includes second-time founders and engineers from D.E. Shaw, Google, Bolt, JPMorgan, and Morgan Stanley. Headquartered in New York, Monk manages billions in receivables for fast-growing businesses worldwide. Press Inquiries Kendall Warson kendall [at] monk.com 4158276585 https://monk.com [ Back To TMCnet.com's Homepage] |
Monk, a New York-based AI-native accounts receivable platform, has launched Custom Dashboards, available to all its customers today. Finance teams can build their own receivables views by adding widgets from a catalog or by describing a report in plain language for Monk's agent to build. Different roles need different numbers. A controller tracks aging by entity, a collections lead tracks promises to pay by rep, and a chief financial officer tracks monthly cash collected. Teams often export data to spreadsheets when standard reports fall short. Each dashboard saves to its creator and takes about a minute to build. Users can export any widget to CSV. "The answer to this challenge is not a nicer dashboard, but one that you can customize yourself," said Francesco Coacci, founding engineer at Monk.
Monk launches Custom Dashboards for accounts receivable reporting. Finance teams can build their own AR reports from a widget catalog or by describing them in plain language. Each dashboard saves to the person who built it. October 15, 2026 17:09 ET | Source: Monk New York, NY, Oct. 15, 2026 (GLOBE NEWSWIRE) - Monk, the AI-native accounts receivable platform, today launched Custom Dashboards. Finance teams can now build and save their own views of their receivables, either by adding widgets from a catalog or by describing a report in plain language and having Monk's agent build it. Introducing Custom Dashboards - build your own reports People on the same finance team need different numbers from the same ledger. A controller tracks aging by entity. A collections lead tracks promises to pay by rep. A CFO wants to know how much cash came in this month. When the standard report does not show one of those views, teams often export the data and rebuild it in a spreadsheet every reporting cycle. How to build a custom AR dashboard in Monk * Create a dashboard and name it. * Add widgets from the catalog, including collected total, outstanding aging, promise to pay and daily collected. * Or select generate, describe the widget in plain language, and the agent builds it as a table, bar chart, pie chart or single KPI. * Choose which columns a table shows and set the date range. * Rearrange the grid and save. Each dashboard saves to the person who built it. * Export any widget to CSV. Building a dashboard takes about a minute. Users can change their dashboards without a request to Monk, and changes do not affect anyone else on the account. In Deloitte's Finance Trends 2026 survey of 1,326 finance leaders, 63% said they had fully deployed AI in their finance function. Among those using AI, 21% said it had delivered clear, measurable value. Custom Dashboards lets finance teams track collections results in their own numbers, inside the system that runs their receivables. "The question your controller asks on Monday morning is not the question your CFO asks at quarter close," said Francesco Coacci, founding engineer at Monk. "Most platforms give you one dashboard and hope it covers both. The answer to this challenge is not a nicer dashboard, but one that you can customize yourself." Availability Custom Dashboards are available to all Monk customers today. To set one up, book a demo. About Monk Monk is an AI-native accounts receivable (AR) automation platform designed to streamline the entire invoice-to-cash lifecycle for B2B companies. Powered by our autonomous AI agents, Monk eliminates manual AR work for your team by handling invoice follow-ups and questions from customers on your behalf. The team also takes cash application, dispute resolution, credit risk management, and portal submissions off your plate by leveraging frontier models and seamlessly integrating with modern finance stacks to support your AR team. Monk helps customers cut DSO by 40% and get back 26 hours a month. The team includes second-time founders and engineers from D.E. Shaw, Google, Bolt, JPMorgan, and Morgan Stanley. Headquartered in New York, Monk manages billions in receivables for fast-growing businesses worldwide. Press Inquiries Kendall Warson kendall [at] monk.com 4158276585 https://monk.com
Monk Launches Custom Dashboards for Accounts Receivable Reporting TMCnet News [October 15, 2026] | / | Monk Launches Custom Dashboards for Accounts Receivable Reporting New York, NY, Oct. 15, 2026 (GLOBE NEWSWIRE) - Monk, the AI-native accounts receivable platform, today launched Custom Dashboards. Finance teams can now build and save their own views of their receivables, either by adding widgets from a catalog or by describing a report in plain language and having Monk's agent build it. Introducing Custom Dashboards - build your own reports People on the same finance team need different numbers from the same ledger. A controller tracks aging by entity. A collections lead tracks promises to pay by rep. A CFO wants to know how much cash came in this month. When the standard report does not show one of those views, teams often export the data and rebuild it in a spreadsheet every reporting cycle. How to build a custom AR dashboard in Monk * Create a dashboard and name it. * Add widgets from the catalog, including collected total, outstanding aging, promise to pay and daily collected. * Or select generate, describe the widget in plain language, and the agent buils it as a table, bar chart, pie chart or single KPI. * Choose which columns a table shows and set the date range. * Rearrange the grid and save. Each dashboard saves to the person who built it. * Export any widget to CSV. Building a dashboard takes about a minute. Users can change their dashboards without a request to Monk, and changes do not affect anyone else on the account. In Deloitte's Finance Trends 2026 survey of 1,326 finance leaders, 63% said they had fully deployed AI in their finance function. Among those using AI, 21% said it had delivered clear, measurable value. Custom Dashboards lets finance teams track collections results in their own numbers, inside the system that runs their receivables. "The question your controller asks on Monday morning is not the question your CFO asks at quarter close," said Francesco Coacci, founding engineer at Monk. "Most platforms give you one dashboard and hope it covers both. The answer to this challenge is not a nicer dashboard, but one that you can customize yourself." Availability Custom Dashboards are available to all Monk customers today. To set one up, book a demo. About Monk Monk is an AI-native accounts receivable (AR) automation platform designed to streamline the entire invoice-to-cash lifecycle for B2B companies. Powered by its autonomous AI agents, Monk eliminates manual AR work for your team by handling invoice follow-ups and questions from customers on your behalf. The team also takes cash application, dispute resolution, credit risk management, and portal submissions off your plate by leveraging frontier models and seamlessly integrating with modern finance stacks to support your AR team. Monk helps customers cut DSO by 40% and get back 26 hours a month. The team includes second-time founders and engineers from D.E. Shaw, Google, Bolt, JPMorgan, and Morgan Stanley. Headquartered in New York, Monk manages billions in receivables for fast-growing businesses worldwide. Press Inquiries Kendall Warson kendall [at] monk.com 4158276585 https://monk.com A video accompanying this announcement is available here: https://youtube.com/watch?v=5sbfZGL7c7I [ Back To TMCnet.com's Homepage] |
Monk, an AI-native accounts receivable platform, has launched Knowledge for all customers. The feature allows finance teams to store contextual information about customers and business operations for Monk's AI agents to reference. Knowledge enables teams to write guidance entries that agents retrieve when relevant situations arise, rather than requiring everything to be pre-programmed. Each entry can be applied organisation-wide or to specific customers and pinned to particular workflow steps. The system addresses common concerns about AI in finance by giving customers control over policies and visibility into agent actions. All guidance usage is tracked and recorded. Monk's platform automates the invoice-to-cash lifecycle for B2B companies. The company states its solution reduces days sales outstanding by 40% and saves 26 hours monthly. The team includes engineers from D.E. Shaw, Google, and major financial institutions, and manages billions in receivables globally.
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Industries
Company Size
11-50
Company Stage
Series A
Total Funding
$25M
Headquarters
New York City, New York
Founded
2024
Find jobs on Simplify and start your career today