This article reviews JustPaid AI, an AI billing and invoicing system for businesses. This AI tool is an ideal solution for SaaS companies, startups, and finance teams that handle contracts, billing, and payments manually. JustPaid AI streamlines finance operations for organizations and businesses, minimizing manual errors and providing real time insights into cash flow and performance.
JustPaid.ai: AI billing and invoicing system
JustPaid AI is an AI billing and invoicing system for businesses that helps automate revenue management. Whether it is usage based billing, manual contract handling, invoicing, or payment tracking, you can automate all these processes easily with JustPaid AI.
Key features of JustPaid AI
Let’s talk about key features of JustPaid AI.
AI billing automation
With JustPaid AI, you do not need to waste your time crafting billing solutions manually because it automates invoice generation. It can understand your billing details and get everything set up. You just have to review and approve the invoice. Moreover, it also pings you whenever you need to upload any billing metrics. It also alerts you if there is a past due invoice and handles communication with customers for you. In this way, it makes revenue management easy for organizations.
Contract intelligence
JustPaid AI extracts key terms from your contract, like billing frequency, renewal dates, payment terms, etc., and automatically sets up the entire revenue workflow. Its powerful AI is capable of:
- Contract analysis: It automatically extracts payment terms, amounts, billing cycle, and special conditions from any contract.
- Smart invoicing: It generates accurate invoices automatically based on the contract terms, reducing manual invoice management.
- Persistent collections: Automated, persistent AI follow-ups that actively manage collections until the payment is secured.
Revenue insights
JustPaid AI offers a dashboard that shows useful finance reports and analytics. These reports help you make informed decisions and prepare for audits and fundraising.
Payment collection
JustPaid AI automates the entire payment collection process, giving you complete peace of mind. It sends automated reminders and follow-ups to secure the payment. It helped many businesses achieve 20 – 40% DSO (Days Sales Outstanding) reductions while cutting manual work in half.
Integrations
JustPaid AI supports integrations with HubSpot and Salesforce Customer Relationship Management (CRM) tools. You simply have to connect your HubSpot or Salesforce account with JustPaid and the data will be synced automatically in JustPaid.
Ease of use
JustPaid AI has a clean and user-friendly interface. The dashboard shows your invoice summary, including total invoiced, collected revenue, total overdue revenue, invoice status, aging summary, etc. On the left pane, you can access useful fields, including your customers, contracts, invoices, schedule, payments, reminders, etc.
The Customers tab lets you create new customers and manage existing ones. The Contracts tab displays your customer contracts in categories, making them easier to manage. These categories include draft, ready for review, needs action, accepted, and cancelled. In the Invoice section, you can manage all your invoices and generate a payment link.
Common use cases
The following are some of the common use cases of JustPaid AI:
- Automating client invoices every month: JustPaid AI helps automate client invoices every month, eliminating the significant burden of manual invoicing.
- Tracking overdue payments automatically: For businesses, it is important to keep a track of all invoices for overdue payments. Doing this manually is a headache and a time-consuming process. JustPaid AI helps tracking overdue payments by automating the invoicing system.
- Managing complex SaaS billing with multiple plans: With JustPaid AI, you can easily manage multiple tiers, discounts, and renewals of your SaaS projects.
- Getting real time revenue reports: It delivers real time revenue reports that can be helpful in board meetings, investor updates, and internal planning.
Pricing
Currently, JustPaid AI offers the following pricing plans:
- Startup: This pricing plan is perfect for early-stage startups preparing to launch their first product. Startups with up to $500k annual revenue can select this plan.
- Growth: This plan is suitable for organizations with an annual revenue of $500k – $2M.
- Professional: If your annual revenue is from $2M – $5M, you can go with this plan.
- Scale: The Scale plan is customized for large scale organizations with an annual revenue of $5M – $10M.
- Elite: It is a premium tier plan designed for organizations with an annual revenue of $10M – $20M.
- Enterprise: It is a complete enterprise solution for maximum flexibility.
All these pricing plans can be billed monthly and annually. A trial version is available. However, you have to book a demo to use trial version. You can get more information about its pricing plans on its official website.
JustPaid AI is the perfect solution for automating your organization’s financial operations. Whether you are a startup or a SaaS company, JustPaid AI will help you reduce errors and establish greater financial control.
