Toku is an accounts receivable automation platform designed to help Latin American enterprises increase their monthly revenue collection rates and streamline payment operations. Toku enables businesses to focus on their core activities by automating critical aspects of the receivables process, including payment method management, failed payment retries, payment reminders, and notifications about failed payments.
Toku's technology provides an integrated SaaS solution that addresses the challenges of manual revenue collection in regions like Mexico and broader Latin America, where timely payments and efficient collection processes are often a significant hurdle for growing companies. By automating these workflows, Toku helps finance and operations teams reduce the administrative burden and minimize revenue leakage.
What technology and services does Toku provide?
Toku offers a cloud-based platform focused on:
- Automated payment collection and reminders
- Management of customer payment methods
- Intelligent retries for failed payments
- Notifications and alerts to reduce missed or late payments
This comprehensive approach helps businesses increase their collection rates and maintain healthy cash flows without needing to build custom solutions in-house.
Who uses Toku?
Toku primarily serves B2B organizations and enterprises across Mexico and Latin America, especially those in industries with recurring payments, subscriptions, or large volumes of invoices. Their clientele includes fast-growing companies seeking to modernize their finance operations and reduce manual intervention in receivables management.
Who are Toku's competitors?
Toku operates in the accounts receivable automation and fintech SaaS space. Key competitors and alternatives include:
- Sage: A global provider of cloud-based accounting and receivables software, offering automation for invoicing, payment acceptance, and collections.
- Generix Group: Specializes in automation solutions for capturing, validating, and processing customer invoices, serving multinational corporations.
While international players provide comprehensive AR automation, Toku differentiates itself with a strong regional focus, tailoring its SaaS platform to the specific payment behaviors and operational needs of Latin American businesses.
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