Receivables automation for commercial lenders and factors
Zolvo brings accounts receivable automation to lenders and factors who fund against invoices. It spans the whole receivables-side workflow: verify each receivable, apply incoming cash to it, chase the late ones, and monitor aging, dilution, and concentration. The platform augments the systems you already run, such as LoanPro, FactorSoft, QuickBooks, and bank feeds through Plaid, rather than ripping them out.
What receivables management automation covers
Funding a receivable means following it through its entire life, and AR automation removes the manual work at every stage. Verification confirms a receivable is real and unencumbered. Cash application matches incoming payments to open receivables. Collections chases the overdue ones. Monitoring watches the portfolio for drift. Doing these as disconnected manual steps is where risk and cost accumulate.
Verify the receivable
Multi-channel debtor confirmation across phone, email, WhatsApp, and AI voice validates that a receivable exists and is owed, with duplicate-pledging and fraud detection built in. This is the same engine behind invoice verification, applied as the front gate of the receivables workflow.
Apply incoming cash
As payments arrive, Zolvo parses bank statements and applies cash to the correct receivable with confidence-scored matching, reaching an 87% auto-match rate on unstructured payment data. Anything below the threshold is flagged for exception-based review. This cash-application layer is a sharper, receivables-focused cut of the broad reconciliation engine, which is the parent capability for matching payments at scale.
Chase the late ones and monitor the rest
Overdue receivables flow into collections automation, which works a prioritized queue and sends scheduled reminders across channels while tracking every escalation. Meanwhile, portfolio and covenant monitoring tracks aging, dilution, and concentration in real time so you catch a problem before it moves the borrowing base.
Built to augment, not replace
Zolvo connects to your existing stack and surfaces only the exceptions a human needs to decide. It is SOC 2 Type II compliant, GDPR-aligned, encrypts data with AES-256, and isolates every tenant. A typical deployment goes live in about two weeks, with pricing starting around $500 per month, and customers see roughly a 70% reduction in receivables operations cost and reconciliation that runs about 12x faster.
Frequently asked questions
What does receivables automation include?
It covers the receivables side end to end: verifying that each receivable is real, applying incoming cash to the right one, chasing late payers, and monitoring aging, dilution, and concentration. It combines verification, reconciliation, collections, and monitoring into one workflow.
Does AR automation replace my existing software?
No. Zolvo augments the systems you already use, including LoanPro, FactorSoft, QuickBooks, and bank feeds via Plaid. It adds automation on top and routes only exceptions to your team, so you keep your current ledgers and bank connections.
How is this different from reconciliation alone?
Reconciliation is the cash-application piece. Receivables automation is broader: it wraps verification before the cash arrives, collections when a receivable goes late, and portfolio monitoring across the book. See the parent reconciliation page for the matching engine in depth.