Product Announcements

Product Announcements

See the latest product innovations from Monite

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  • Accounts Payable
  • Accounts Receivable
  • Payments
Product Announcements

Issue fully compliant invoices in 30+ countries

Issue fully compliant invoices in 30+ countries-mobile

Businesses working with customers in multiple geographies struggle with issuing compliant invoices. To tackle this Monite now provides full regulatory compliance for Accounts Receivable in 30+ countries, making invoicing a breeze for your customers. With features like standard invoice elements, custom sales tax options, improved data validation, and multiple overdue reminders, your customers can enjoy smoother financial processes. Plus, this opens up new growth opportunities for your business. The new compliance features are integrated seamlessly into the invoicing system, ensuring that all regulatory requirements are met with ease.

 

Here’s why you’ll love it:

 

  • Provide a seamless invoicing experience for your customers
  • Improved data validation minimizes errors and ensures compliance
  • Get paid faster with automated overdue reminders
  • Expand your reach and serve a wider customer base
Issue fully compliant invoices in 30+ countries

Enhanced financial tracking with ‘Partially paid’ status

Enhanced financial tracking with ‘Partially paid’ status-mobile

Invoices are often paid in parts, so it’s important to accurately track this in your financial system. To manage those cases, Monite now supports a partially paid status for both payables and receivables, allowing you to efficiently manage and track the remaining amount to be paid or received. The new statuses are displayed in the table overview of payables and receivables, as well as in the detailed document view. Payments are recorded in the order they are received, and multiple payments per document are supported. These payments are reflected in the document history tab, providing a comprehensive view of the payment history in one place.

 

Here’s why you’ll love it:

 

  • Clear visibility of all invoices, including those that are partially paid
  • Easily manage the remaining amount to be paid or received
  • Simplified reconciliation for partially paid documents
  • Improved accounting synchronization
Enhanced financial tracking with ‘Partially paid’ status

Enhanced Payment Options: Paper Checks and ACH Support for US

Enhanced Payment Options: Paper Checks and ACH Support for US-mobile

We’ve given Accounts Payable a serious upgrade! Now, your US-based customers have the flexibility to pay their vendors using the method that works best for them, whether it’s ACH or traditional paper checks. This is on top of our existing cool features like purchase orders support, enhanced reconciliation options, partially paid statuses, updated AI-driven OCR with confidence score & robust model training, and a new powerful approval workflow builder makes this enhancement truly exceptional.

 

Why you’ll love it:

 

  • Flexibility to choose between paper checks and ACH depending on your specific payment needs
  • Cater to diverse customer needs and operational requirements
  • Comprehensive tracking and reporting, ensuring all transactions are easily accessible and verifiable
Enhanced Payment Options: Paper Checks and ACH Support for US

Go Live with Monite in days, not weeks

Go Live with Monite in days, not weeks-mobile

Monite’s enhanced frontend components and iFrame make embedding AP/AR functionality into your platform a breeze! Not only that, now, you can go live in days, not weeks, with minimal tech resources needed.

 

Here’s why you’ll love it:

 

  • Faster time to market means accelerate growth for your customers and increased user engagement for you
  • Reduced development cost
  • User-friendly tools and clear documentation make integration a breeze
Go Live with Monite in days, not weeks

Customise invoice email setting

Customise invoice email setting-mobile

Customers are more likely to respond to emails from a familiar sender. That’s why Monite now lets you customize your invoice email settings. You can replace the default “no-reply@monite.com” email address with your own company domain and sender name. This simple change can significantly enhance your invoicing process.

 

Why you’ll love it:

 

  • Increased brand recognition: Customers will see your company name, not Monite’s, in the sender information.
  • Improved trust and engagement: Branded emails build trust and familiarity with your brand
  • Customisation: Customise domain, sender name, both or nothing at all
Customise invoice email setting

Break Down Language Barriers with PDF Translation and Localization

Break Down Language Barriers with PDF Translation and Localization-mobile

Navigating international markets can be challenging, especially when it comes to managing documents in different languages. This can lead to delays, errors, and frustration for both parties. To solve this Monite now offers multilingual invoice and document generation in- English, French, German, Dutch or Spanish. You can easily set the preferred language for each partner, ensuring they receive documents in their language they prefer.

 

Here’s why you’ll love it:

 

  • Streamlined operations: Automatically translate PDF templates into English, French, German, Spanish, and Dutch based on requirement
  • Preview: Get a sneak peek of your PDFs with the preview feature, ensuring everything looks perfect before they reach your clients
  • Customization and formatting: Personalize your PDFs with your company’s logo, maintaining your brand’s identity across all documents
  • Set It and Forget It: Once you set your default template, it’s automatically used for all new documents, saving you time and effort
Break Down Language Barriers with PDF Translation and Localization

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