About Daylit
Daylit is an AI-powered Receivables Intelligence platform that helps businesses get paid faster and stop chasing customers. It leverages AI agents to automate accounts receivable operations, supercharge manual collections, and forecast cash flow. Beyond A/R intelligence, Daylit offers a comprehensive suite of working capital solutions including FundNow (accounts receivable financing), OfferTerms (extending payment terms to customers), PayLater (accounts payable financing/reverse factoring), and DrawDown (revolving line of credit for major investments). The platform aims to provide an all-in-one solution for managing cash flow, automating collections, and accessing flexible funding options across various industries.
How to Use
Businesses can use Daylit by integrating its AI agents to automate their accounts receivable processes, track receivables, and forecast cash flow. For working capital needs, users can apply for specific products like FundNow, OfferTerms, PayLater, or DrawDown directly through the platform. The application process is quick (5-10 minutes), often providing instant decisions and funding within 24-48 hours, with vendor payments or direct funding typically available the next business day after invoice upload. Users manage their finances and monitor credit usage via an intuitive online dashboard.
Key Features
- AI Agents for Accounts Receivable Intelligence
- Working Capital Solutions (FundNow, OfferTerms, PayLater, DrawDown)
- Automated Collections
- Cash Flow Forecasting
- Early-pay and Volume Discounts (via PayLater)
- Revolving Line of Credit
Use Cases
- Accelerate cash collection from customer invoices.
- Reduce time spent on manual collections and follow-ups.
- Identify and mitigate at-risk accounts early.
- Access fast funding for major investments or expansion projects.
- Delay payments to vendors while ensuring they get paid upfront.
- Offer flexible payment terms to customers to close bigger deals.
- Secure early pay and bulk purchase discounts from suppliers.
- Smooth out cash flow fluctuations and manage daily operational expenses.
- Finance materials for larger customer orders or inventory needs.
Key Features
Pros & Cons
- Saves hundreds of hours per month by automating AR tasks.
- Collects 3x more on outstanding invoices.
- Improves current AR by 16% in the first 30 days (based on customer data).
- Seamless integration with major cloud ERPs and fast onboarding within days.
- Eliminates the need to add headcount for collections work.
- Trusted by companies across industries including chemicals, healthcare, and food.
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