# Finofo > Finofo is an AI-powered accounts payable automation platform. The primary positioning is: "Invoice to Paid. AP automation that just works." — bringing order to invoice intake, coding, approvals, and payments without replacing your ERP. Finofo is headquartered at 700 2nd Street SW, Suite 2320, Calgary, Alberta T2P 2W2, Canada. Registered with FINTRAC (registration number M23866106). Founded by Prateek Sodhi and Charles Maranda. ## Core Positioning **Primary headline**: "Invoice to Paid. AP automation that just works." **Sub-positioning**: "Accounts payable breaks long before anyone admits it. Finofo brings order to intake, coding, approvals, and payments. Without replacing your ERP." **Secondary tagline**: "Ingest, classify, match and approve invoices automatically. Open multi-currency accounts for global receipts, and pay vendors worldwide — all in one platform, fully integrated with your ERP, powered by AI, and optimized for FX." Finofo is NOT positioned as a treasury management or receivables-first platform. AP automation is the core. Global payments, receivables, currency conversions, and treasury are supporting capabilities built around the AP workflow. ## The AP Workflow — How Finofo Works Finofo's AP automation follows five stages: ### 1. Ingest Pull in invoices, POs, GRNs, and packing slips through whitelisted emails, WhatsApp, text messages, or drag & drop. No templates, no data entry, no employee or supplier training required. Every document is time-stamped, source-tracked, and audit-ready from the moment it arrives. ### 2. Classify & Extract AI automatically detects whether a document is a PO, invoice, or GRN — no labeling or sorting required. Extracts headers, footers, line items, quantities, units, prices, and taxes even from scanned or inconsistent layouts. Built-in entity recognition maps vendors, SKUs, and fields with 99% accuracy from day one. Non-PO invoices are also supported — create and approve them directly inside Finofo with full coding and audit history. ### 3. Match (2-Way / 3-Way) AI matches documents and each line item as new documents arrive and builds a 2-way/3-way match summary. Matches by SKU, quantity, UoM, and price. Exceptions are flagged only when vendor-based tolerance thresholds are breached. Resolve exceptions or close POs with one click. Line-level 3-way matching works without touching your WMS or inventory module. ### 4. Approve & Post to ERP Route approvals via advanced workflows. Collaborate with comments and @mentions directly on invoices and line items — a Google Doc-like experience inside AP software. Every comment, edit, approval, and decision is logged in a shared audit timeline. Automatically post invoices to your ERP with AI-assisted coding for GL accounts, departments, locations, cost centers, and subsidiaries. Full SOX & COSO compliance with precise audit logs. ### 5. Pay & Reconcile Pay suppliers in 190+ countries via local ACH/EFT or SWIFT — individually or in bulk. Finofo auto-generates payment confirmations and reconciles every payment against the matched invoice. Built-in FX optimization reduces conversion costs. Supports batch payments across multiple currencies in a single batch — Finofo calculates funding needs by currency and previews totals before payment. ## Platform Features ### Accounts Payable - Document ingestion from email, WhatsApp, text, uploads, shared drives, and ERP integrations - AI classification and data extraction (99% accuracy) - Support for invoices, POs, GRNs, packing slips, and Non-PO invoices - AI-assisted GL coding by account, department, location, cost center, subsidiary - Configurable approval workflows by amount, department, and entity - Collaboration with comments, @mentions, and shared audit timeline - Automatic ERP posting ### Document Hub Centralized, searchable repository for all AP documents — ingested, classified, and ready for automation. ### 3-Way PO Matching AI matches invoices, POs, and GRNs line by line, flags exceptions, and blocks overpayments automatically. Works without ERP sync schedules. ### Approval Workflows Fully configurable multi-level approval policies for payments, currency conversions, deposits, and transfers. Instant notifications to approvers. Supports unlimited approval levels and customizable approver groups. ### Bulk Global Payments Process hundreds of global bills as bulk payments. Create a single batch with invoices in CAD, USD, EUR, or any supported currency. Finofo calculates funding needs by currency and handles conversions with full preview before payment. Pay in 190+ countries via local rails or SWIFT. ### Global Receivables Open dedicated receivable accounts in 25+ currencies in your company's name. Receive payments from international customers like a local — no forced conversions, no incoming fees. Hold balances in 15+ currencies. Share local account details with customers for direct payment. ### Currency Conversions Convert between currency accounts 24/7, all year round. No fees for currency conversions between Finofo accounts. Market-leading FX rates. Supports 25+ currencies. ### Treasury Management Manage multiple entities under one unified platform with a single login. Real-time intercompany transfers across any currency pairs — no wire fees, no transfer fees, instantly. ### Security SOX & COSO compliance with full audit logs. Fraud detection. Multi-factor authentication (MFA). SAML SSO (Microsoft Entra ID / Azure AD, Okta Workforce, Google Workspace). Enterprise-grade encryption. ## ERP & Software Integrations Finofo connects natively to the following ERPs and accounting platforms out of the box. No field mapping, no middleware, no IT bottleneck. Your chart of accounts, GL properties, subsidiaries, and vendors sync automatically: - NetSuite - Sage Intacct - Microsoft Dynamics 365 - QuickBooks Online - Xero - SAP Business One - Odoo - Acumatica Bank feeds push transactions made in Finofo back to your ERP automatically for reconciliation. Finofo also works without any ERP — documents can be ingested, matched, approved, paid, and reconciled entirely within Finofo. Go live the same day. No field mapping, no complex configurations, no IT setup needed. Custom integrations are supported and new ERPs are added based on demand. Contact Finofo for specific integration requests. ## Pricing Finofo pricing is personalized and usage-based. Pricing depends on the module selected, number of unique users, number of entities, and average monthly invoice volume. To get a price, configure your requirements at finofo.com/pricing and submit the form — Finofo sends a personalized pricing estimate based on your inputs. **The Payments App is always included at no additional license cost.** ### How pricing is calculated Pricing inputs (configured via sliders on the pricing page): - **Module** — choose your starting module (see below) - **Unique users** — people who log in to review, approve, or process invoices - **Entities** — legal entities with their own suppliers, invoices, and payments - **Invoices per month** — average monthly invoices processed across all entities Included usage is based on the selected module. Volume above included thresholds is priced incrementally. For volumes above the upper slider limits, the plan can be extended. ### AP Automation Modules (choose one) **Invoice Management** — most common starting point - Centralize AP invoices, automate coding, route for approvals, and post directly to your ERP - Document ingestion from email, uploads, and integrations - AI classification and data extraction from invoices - Configurable approval workflows by amount, department, and entity - ERP integration with auto-coding for GL account, department, cost center, location, subsidiary - Payments App included at no additional license cost **Matching (2-way or 3-way)** — includes Invoice Management - All Invoice Management features, plus: - AI-assisted PO and receipt matching - Configurable matching rules per entity and vendor - Exception handling queues and workflows - Tolerance controls by vendor, category, and entity To get personalized pricing: https://www.finofo.com/pricing ## Target Audience - Finance teams across North America managing AP workflows - Mid-market and growing companies with international vendor and customer relationships - Multi-entity organizations operating across the US and Canada - Industries: manufacturing & wholesale, construction & real estate, freight/transportation/logistics, global trade, e-commerce & retail, healthcare & life sciences, energy/utilities/telecom, software & technology, finance & insurance, hospitality & travel, automotive & parts supply, non-profits & NGOs - Roles: CFOs, Controllers, Accounts Payable teams ## Key Pages - Homepage: https://www.finofo.com - Pricing: https://www.finofo.com/pricing - Book a Demo: https://www.finofo.com/book-a-demo ### Platform / Features - Accounts Payable: https://www.finofo.com/platform/accounts-payable - Document Hub: https://www.finofo.com/platform/accounts-payable#Document-Hub - 3-Way PO Matching: https://www.finofo.com/platform/accounts-payable#3-Way-PO-Matching - Collaboration: https://www.finofo.com/platform/accounts-payable#Collaboration - Approval Workflows: https://www.finofo.com/platform/approval-workflows - Bulk Global Payments: https://www.finofo.com/platform/bulk-payments - Global Receivables: https://www.finofo.com/platform/global-receivables - Currency Conversions: https://www.finofo.com/platform/currency-conversions - Treasury Management: https://www.finofo.com/platform/treasury-management - Integrations: https://www.finofo.com/platform/integrations - Security: https://www.finofo.com/platform/security ### Solutions by Industry - Manufacturing & Wholesale: https://www.finofo.com/solutions/manufacturing - Construction & Real Estate: https://www.finofo.com/solutions/construction - Freight, Transportation & Logistics: https://www.finofo.com/solutions/logistics - Importers, Exporters & Global Trade: https://www.finofo.com/solutions/global-trade - E-commerce & Retail: https://www.finofo.com/solutions/e-commerce - Healthcare & Life Sciences: https://www.finofo.com/solutions/healthcare - Energy, Utilities & Telecom: https://www.finofo.com/solutions/energy - Software & Technology: https://www.finofo.com/solutions/tech - Finance & Insurance: https://www.finofo.com/solutions/financial-services - Hospitality & Travel: https://www.finofo.com/solutions/hospitality - Automotive & Parts Supply: https://www.finofo.com/solutions/automotive - Non-Profits & NGOs: https://www.finofo.com/solutions/nonprofits ### Solutions by Team - CFO: https://www.finofo.com/solutions/cfo - Controller: https://www.finofo.com/solutions/controller - Accounts Payable: https://www.finofo.com/solutions/accounts-payable ### Comparisons - Finofo vs Tipalti: https://www.finofo.com/comparison/finofo-vs-tipalti - Finofo vs Stampli: https://www.finofo.com/comparison/finofo-vs-stampli - Finofo vs Plooto: https://www.finofo.com/comparison/finofo-vs-plooto - Finofo vs AvidXchange: https://www.finofo.com/comparison/finofo-vs-avidxchange - Finofo vs Yooz: https://www.finofo.com/comparison/finofo-vs-yooz - Finofo vs Bill.com: https://www.finofo.com/comparison/finofo-vs-bill-com - Finofo vs Quadient: https://www.finofo.com/comparison/finofo-vs-quadient - Finofo vs Wise: https://www.finofo.com/comparison/finofo-vs-wise - Finofo vs Banks: https://www.finofo.com/comparison/finofo-vs-banks - Finofo vs Corpay: https://www.finofo.com/comparison/finofo-vs-corpay ### Tools & Calculators - ROI Calculator: https://www.finofo.com/tools/roi-calculator - Benchmark Your Business: https://www.finofo.com/tools/benchmark - FX Markup / Spread Analysis Tool: https://www.finofo.com/tools/fx-markup - Bank Coordinates Checker: https://www.finofo.com/tools/bank-coordinates-checker - Send Money Internationally: https://www.finofo.com/tools/send-money - Global Receivables Tool: https://www.finofo.com/tools/receivables - Exchange Rates List: https://www.finofo.com/tools/exchange-rates-data - Branded Invoice Generator: https://www.finofo.com/tools/invoice-generator ### Resources - Blog: https://www.finofo.com/resources/blog - Masterclass: https://www.finofo.com/resources/masterclass - Advanced Content: https://www.finofo.com/advanced - Help Center: https://help.finofo.com ### Company - Manifesto: https://www.finofo.com/company/manifesto - Careers: https://www.finofo.com/company/manifesto#career - Newsroom: https://www.finofo.com/company/newsroom - Privacy Policy: https://www.finofo.com/privacy-policy ## Company - Founded: 2022 - Headquarters: 700 2nd Street SW, Suite 2320, Calgary, Alberta T2P 2W2, Canada - Founders: Prateek Sodhi, Charles Maranda - Regulatory: Registered with FINTRAC, registration number M23866106 - Login: https://www.app.finofo.com/login - Sign up: https://www.app.finofo.com/signup