Monk Tops $2 Billion in Receivables Managed
Monk said in a press release that it has surpassed $2 billion in receivables managed on its accounts receivable platform.
The company said finance teams use the platform for collections, cash application, customer payments, and reporting. Its Payment Hub lets a customer's own customers view invoices, balances, payment history, statements, credit memos, PDFs, and shared documents.
Payment Hub supports ACH, wire, check, and credit card payments, as well as autopay enrollment. Monk said payments made through the hub are applied to invoices and stop related follow up automatically.
Monk is also now available in the Stripe App Marketplace. The integration connects Stripe accounts to Monk so invoices, payments, and reconciliation stay in sync, with credit card payments in Payment Hub processed through Stripe.
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