Contrary to popular belief, once you’ve sold something, people don’t just rush to pay you. “We have a signed contract, and they’re happy with the service–they should just pay their bills!” Well, the world doesn’t always work that way. Partners of all kinds forget to pay all the time, or more regularly they do everything they can to avoid paying until the last possible moment.
That means that a company’s accounts receivable and collections motions can be a headache. Every business large and small has to deal with this, but at the enterprise level it becomes a true mess–teams of humans chasing invoices, enforcing contractual terms, running collections and ensuring it all reconciles. In the past, the unstructured and basically conversational nature of the job–mostly done over the phone, email, or personal texts–has made it challenging for traditional software tools to automate collections. This has left large teams of exasperated humans chasing invoices around in the same way they were doing it 10 or 20 years ago.
What’s also interesting about accounts receivable is that it really exists as a way to bear risk. Modern supply chains would not work if everyone had to pay each other immediately. Net 30, 60, and 90 terms are the way the market equilibrates to allocate that risk bearing. The job of an AR professional is to make sense of the resulting mess, and sadly software has struggled to capture the relevant data and processes historically to do that too.
Enter Stuut. Stuut reimagines this entire process with AI agents, freeing humans from the monotonous and high conflict invoice chasing job. This completely transforms the function of accounts receivable and provides the office of the CFO with not only improved financial performance, but also helps categorize a fundamental data layer. By capturing this transactional data, the finance team and management have a richer view of their financial position, it can feed other automated work and analysis, and their time is unlocked for more strategic work. Their software has driven incredible results for their initial sizable enterprise partners, with disputes being resolved ~9x as fast, 50% reductions in DSO, and over 18 hours saved per person per week. The customer feedback, from typically tough buyers, showed their resounding enthusiasm around not only removing toil from the process but also making it more legible.
The best part about partnering with Stuut is working with their founding team of Tarek Alaruri and Ben Winter. Tarek is perhaps best described as a force of nature, and is without question one of the most talented leaders and sellers we have come across. Ben is his perfect complement, with an uncanny ability to build a world-class team and drive remarkable outcomes for Stuut’s customers. We had the privilege of getting to know them both for almost two years before we invested, and were thrilled they gave us a call when it was time to put more fuel on the fire.
We’re beyond excited to be leading Stuut’s Series A. If you’re looking to join a rocketship that’s using AI to redefine a significant chunk of the CFO stack, Stuut is hiring across the board. Join them!
-
Seema Amble is a partner at Andreessen Horowitz, where she focuses on investments in B2B software and fintech.
-
Joe Schmidt is a partner at Andreessen Horowitz, where he focuses on software, fintech, and insurtech investments.
-
Brian Roberts is a General Partner at Andreessen Horowitz, where he works with the American Dynamism and AI Apps funds.
