Lead to high delinquency rates, unnecessary friction and challenges for both businesses and their customers, . Toku ceo cristina etcheberry said in the release.“this latest investment round further validates the demand . For toku’s solutions, and we are excited to bring our technology to even more companies . And regions,” etcheberry said.The Automate Your Digital Marketing company’s software enables payment orchestration and automated collections by connecting companies’ . Enterprise resource planning (erp) systems with banks and payment rails, according to the release.It automates . The entire payment cycle by providing customizable payment portals, automated reconciliations and optimized collection strategies, .
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The release said.Toku was founded in and guatemala phone number data currently serves more than enterprises in sectors like . Insurance, credit, education, real estate and utilities, per the release.“mid-to-large enterprises in latin america are . Navigating high operational costs, complex payment infrastructures and increasing delinquency rates,” oak hc/ft partner allen . Miller said in the release. “toku is addressing this pain point and empowering businesses across . Diverse industries with its seamless, world-class payment technology.”toku’s series a round came about two years . After the company’s seed round in which it raised $ million.
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Full accounts payable and ar . Automation allows organizations to cut labor costs and reduce the incidence of errors, according to . The pymnts intelligence and american express collaboration, “accounts payable and receivable trends: what’s next in . Automation.”the report found that % of mid-sized companies that embraced full ap automation, and % . Of those who employed partial automation, reported being satisfied with the benefits of automation.It also . Found that these firms prioritized the automation of payments of regular amounts and those occurring .
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At regular intervals to increase operational why choose getgabs as your whatsapp api provider? efficiency while mitigating the risks associated with error-prone tasks.For . All pymnts bb coverage, subscribe to the daily bb newsletter.Recommendedtoku, funding, investments, bb, automation, accounts . Receivabletoku raises $ million to expand ar automation platform in latin americabusiness finance teamearnings see . Businesses embrace working capital flexibility as growth pausesresearchers unveil d tech that lets users ‘touch’ . Virtual itemsjohnson & johnsonjohnson & johnson: % of ai use cases deliver % of valuesee . More in: accounts payable, accounts receivable, automation, bb, bb payments, brazil, chile, commercial payments, funding, .
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International, investments, latam, latin chile business directory america, mexico, news, pymnts news, series a, toku, what’s hot, what’s . Hot in bbearnings see businesses embrace working capital flexibility as growth pausesby pymnts | april . , | business finance team highlightsu.S. Reciprocal tariffs have disrupted global trade and supply chains, . Forcing companies to rethink financial strategies, especially working capital management.Amid economic uncertainty, many businesses are . Adopting a wait-and-see approach to capital expenditures, prioritizing liquidity and flexibility.While some banks reported modest . Growth in commercial lending, businesses remain cautious, focusing on maintaining liquidity, managing credit and investing .