Statement

The company's core offering is a "Cash Intelligence Platform" designed to provide enterprise finance and treasury teams with a unified, real-time overview of their financial data. It achieves this by connecting with a multitude of financial sources, including over 3,000 banks, ERPs (like NetSuite and Oracle), payment service providers, and other systems, without requiring dedicated IT resources. The platform leverages artificial intelligence and machine learning to automate historically manual and time-consuming processes. Key features include aggregating and enriching financial data, providing global cash visibility across various accounts and currencies, and generating dynamic cash flow forecasts. Furthermore, it offers automated accounts receivable reconciliation, which uses AI algorithms to match payments with open invoices, reportedly reducing reconciliation time by up to 75%.

Statement.io's business model targets mid-market businesses and enterprises facing complexity in managing their cash positions across numerous banks, entities, and systems. By automating tasks such as cash positioning, forecasting, and reconciliation, the platform enables finance teams to move from reactive data collection to proactive strategic operations. The service provides actionable insights, identifies data anomalies, and helps organizations optimize working capital and mitigate financial risks. The platform is fully SOC, SOC2, ISO27001, and GDPR certified, ensuring a high standard of data security.