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About Spinal
Spinal leverages AI to automate and accelerate finance operations, specifically focusing on Accounts Receivable. It employs AI agents to read and interpret contracts, generate accurate invoices based on extracted billing terms, and manage payment collection processes. This automation aims to eliminate manual work for finance teams, significantly increase cash flow, and reduce the time spent on billing and collections. The platform supports various pricing models, including outcome-based, credit-based, subscription, hybrid, usage-based, and margin-based. Spinal provides real-time insights into profitability by connecting revenue with costs, offering detailed breakdowns of workflow expenses beyond just LLM costs. It also streamlines revenue recognition by automatically mapping contracts, invoices, and usage data to revenue schedules, ensuring compliance with standards like IFRS 15 and ASC 606.
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