This task can be performed using Compass AI
Proactive finance management platform.
Best product for this task
Compass AI is a financial management tool with AI at its core. Business owners know that the more your team grows, the harder it becomes to follow expenses. Compass AI solves this problem for you by keeping and automatically organizing all transactions. Ask Compass AI a question and it will generate a graphic based on your data. Set up notifications for incoming and outgoing payments and create potential future scenarios.
What to expect from an ideal product
- Create custom alerts for payment thresholds by setting minimum and maximum amounts
- Set up instant notifications for specific vendor payments or recurring expenses
- Configure email or mobile app alerts when unusual payment patterns are detected
- Establish automatic monitoring of incoming customer payments with deadline reminders
- Schedule periodic reports of payment activities with customizable frequency and filters
