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Centime Reviews & Product Details

Centime Overview

What is Centime?

Centime is the leading cash management suite that helps fast-growing businesses easily control and manage cash flow. From forecasting, collections, invoicing, payments, credit, and reporting — our connected solutions leverage automation and artificial intelligence to help finance leaders increase productivity, reduce operational costs, and proactively manage risk. Centime is the only company to offer accounts payable, accounts receivable, and banking solutions* in one unified suite. More than 100 innovative organizations depend on Centime to power their finance operations. Centime is a privately held company based in Boston, MA, and was named 2022 Commercial Banking Fintech of the Year. To learn more, please visit www.centime.com. Key benefits that Centime customers enjoy: - 30% reduction in DSO - 70% lower AP processing costs - 3x increase in team productivity - 3.0%** APY on operating cash Explore how you can achieve these benefits with a free trial account: https://www.centime.com/tour *Centime is a financial technology company, not a bank. *All banking products and solutions are provided by FNBO. Member FDIC. **3.0% Annual Percentage Yield (APY) as of 01/07/25. Deposit rate may adjust to current market rate and may change daily. Fees may reduce earnings.

Centime Details
Product Website
Languages Supported
English
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Product Description

Centime is the only all-in-one solution for Accounts Payable, Accounts Receivable, and cash flow forecasting, built for Oracle NetSuite, Sage Intacct, QuickBooks Online, and QuickBooks Desktop. We bring everything you need into one place so you can get paid faster, make payables painlessly, and get the most out of every dollar. Key Benefits: 1. Automated Accounts Payable Elevate your AP process with Centime. Instantly capture invoices, automatically code invoice data, and post approvals in no time. Plus, manage payments effortlessly with seamless reconciliation. 2. Streamlined Accounts Receivable Say goodbye to manual receivables management and hello to streamlined collections, automated payment reminders, and improved customer payment experiences. With Centime’s integration, you can predict cash inflows, shrink DSOs, and supercharge your working capital. 3. Cash Flow Forecasting and Insights Take control of your business’ financial future with Centime’s integration for cash flow forecasting. Create accurate 13-week cash flow forecasts to gain a comprehensive view of cash across all accounts, manage liquidity, and safeguard against the risk of business failure. 4. Better Customer Support Unlike other AP and AR solutions, Centime provides every customer with a dedicated Customer Success Manager who will help you get up and running with the solution quickly, and support you every step of the way.

How do you position yourself against your competitors?

Cash connects every part of your business, so why fragment your financial data with disparate tools?

No other platform today provides growing teams with 360 degree views into their cash across the entire business. Centime is the only all-in-one cash management and business banking solution* on the market.

We provide a best of breed, centralized platform to automate AP and AR, forecast cash flow, and secure credit - all in one place so that you can strategize every single dollar.


Seller Details
Seller
Centime
Company Website
Year Founded
2021
HQ Location
Boston, Massachusetts
LinkedIn® Page
www.linkedin.com
66 employees on LinkedIn®
Description

Centime is the leading cash management suite that helps fast-growing businesses easily control and manage cash flow. From forecasting, collections, invoicing, payments, credit, and reporting — our connected solutions leverage automation and artificial intelligence to help finance leaders increase productivity, reduce operational costs, and proactively manage risk. Centime is the only company to offer accounts payable, accounts receivable, and banking solutions* in one unified suite. More than 100 innovative organizations depend on Centime to power their finance operations. Centime is a privately held company based in Boston, MA, and was named
0

Commercial Banking Fintech of the Year.


Allie C.
AC
Overview Provided by:

Recent Centime Reviews

Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
4.0 out of 5
"Centime is generally easy to use and the customer support when needed is also good."
All invoices may be entered and synced with QuickBooks Online no matter how they are paid.
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
4.5 out of 5
"Great product"
Easy access right from the main dashboard.
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Centime Makes Tracking Invoices Simple"
Centime is really helpful in keeping track of invoices across the organization.
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Centime Media

Centime Demo - Automate Accounts Receivable
Centime’s AR automation software simplifies the customer payment experience and improves working capital via automated payment reminders, secure payment methods, and documented customer interactions.
Centime Demo - Automate and Streamline Accounts Payable
Centime’s AP automation software can reduce your invoice processing costs by up to 75%. Capture early payment discounts and avoid late payment fees, all while empowering distributed teams to work together more efficiently. With improved controls, you can also mitigate the risk of invoice and paym...
Centime Demo - Cash Flow Forecasting Made Easy
Centime’s cash flow forecasting software ensures you always know your current and future cash assets and liabilities. Use forecasted inflows and outflows to prioritize collections and receivables, and plan expenses and supplier payments. With better visibility, you can avoid downside surprises li...
Centime Demo - Track and Monitor Cash KPIs
Centime’s KPI tracking solutions optimize your cash flow and streamline reporting to provide leaders with unprecedented cash-related insights. Identify and compare trends, standardize benchmarks and easily share your findings with key stakeholders.
Centime Demo - Secure Working Capital to Grow Your Business
Whether you need cash to meet operating needs or finance growth opportunities, Centime Credit* has you covered. With our streamlined application process, you can apply easily, qualify quickly, and get funded immediately. *Centime is a financial technology company, not a bank. *All banking pro...
Centime Demo - Reimagine Business Banking
Introducing Centime Banking powered by FNBO. We’re reimagining business banking to give you everything you need to manage, optimize, and protect your cash and working capital. *Centime is a financial technology company, not a bank. *Centime deposit accounts and banking solutions are provide...
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37 Centime Reviews

4.5 out of 5
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37 Centime Reviews
4.5 out of 5
37 Centime Reviews
4.5 out of 5

Centime Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for CentimeQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
LC
Director
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

We went from a manual AR/AP process to fully automated through Centime in very little time. We've cut the time of outstanding invoices down dramtically. The support team has also been very attentive to our needs. Review collected by and hosted on G2.com.

What do you dislike about Centime?

None that I can think of currently. It has been pretty simple to get integrated with our QBO and we got it running efficiently. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

A clear vantage point into our cash positions many months out. Makes it easier to make strategic decisions for staffing and for allocating funds across the company. Review collected by and hosted on G2.com.

Verified User in Entertainment
AE
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Centime?

Prior to using Centime we were 100% manual on entering and approving all invoices. Centime is a fantastic AP automation tool that streamlined our invoice processing and payment workflows. Its intuitive interface and seamless integrations make managing accounts payable more efficient, reducing manual work and improving accuracy. The automated approval processes and real-time cash flow insights helped our business stay on top of our finances effortlessly. Overall, Centime is a game-changer for companies looking to optimize their AP operations and enhance financial control. Highly recommended! Review collected by and hosted on G2.com.

What do you dislike about Centime?

We did not have any dislikes about Centime. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

Centime helped solved our manual processing of AP. It is very manual and time consuming prior to using Centime. Review collected by and hosted on G2.com.

Ryan P.
RP
Chief Culture Officer / Owner
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

After reviewing multiple different AP automation software platforms, I decided to move forward with Centime. While they are a newer player, their service is unbelievable and have been working with me and my team consistently to improve, fix, and tweak issues. While there are always issues with new vendors and software, Centime's customer services is amazing. No vendor is perfect, as much as they try to sell you they are and I'm certain some of the bigger players would not be nearly as accommodating . The ease of implementation was great as well. I'm happy we made the switch. One other big thing - no other vendor would allow me to pay with my corporate AMEX to vendors, which Centime can, which is huge. Review collected by and hosted on G2.com.

What do you dislike about Centime?

Not a ton - some kinks here and there, but overall it does what we want it to do. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

Payables. So much easier than keeping a spreadsheet. We get nearly 600 invoices a month that an accounting clerk was putting into QB manually. While some of the invoices aren't recognized correctly, they are working to fix it when it happens. Payables is a huge time savings. Review collected by and hosted on G2.com.

AM
Accounts Receivable Specialist
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

I really like the notes function the best. This saves me so much time tracking what I have already actioned on each invoice. I also really like the reminder emails and statements. Sometimes a customer will reach out in response to a Centime notification even if I hadn't been able to reach them myself previoulsy. I use the system every day. It is really easy to implement, and can be as simple as "flipping a switch". Review collected by and hosted on G2.com.

What do you dislike about Centime?

They sync can sometimes create issues. These are usually bugs that get fixed when I report them to CS. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

Centime allowed us to dump an old process of reporting collections weekly during meetings to being able to report in real time without using excel and massive amounts of formatting. It has saved me 10 to 15 hours a week. Review collected by and hosted on G2.com.

Verified User in Non-Profit Organization Management
AN
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

All invoices may be entered and synced with QuickBooks Online no matter how they are paid. Review collected by and hosted on G2.com.

What do you dislike about Centime?

Sometimes it does not recognize the saved payment account and it has to be reset. This happens randomly. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

Centime is our bank's chosen business bill pay system. All invoices now go through one system. Different people are assigned to upload and approve payments which makes our auditors happy. Review collected by and hosted on G2.com.

AG
Accountant
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

I love the customer service our team has been graced with since starting with Centime. We have never had to wait long for a response from our Centime Specialist and they are always eager to assist. The integration was a simple process and we quickly learned how we could imlement all the tools Centime had to offer on our day to day Cash Flow Management. Centime is a practical day to day software. Review collected by and hosted on G2.com.

What do you dislike about Centime?

As a team we do not like that changes we make have to be made at the project level instead of the changes we make at the parent level being implemented also at the project level. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

Centime has solved the gap we had between our company and our customers. We are now able to track payments recieved and send our reminders with a reoccuring frequency every month. These notices have proven to encourage our customers to remit payments on time. Centime has also helped in tracking overdue payments, paid invoices, and the payment remittance trend of each one of our customers. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
UH
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

Centime is really helpful in keeping track of invoices across the organization. Review collected by and hosted on G2.com.

What do you dislike about Centime?

I dislike that I have to click an extra button to get a visual preview of the invoice. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

Centime helps me keep track of the budget dollars I'm spending by allowing me to see real-time what has been submitted, approved, and paid for. Review collected by and hosted on G2.com.

Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

It is easy to login and find a graph quickly Review collected by and hosted on G2.com.

What do you dislike about Centime?

It is not updated with more technology, customizable and able to just export quickly. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

a quick glance at cash flow Review collected by and hosted on G2.com.

DJ
IT Support Manager
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

The simplicity of it, Once you learn it's features it's a pretty powerful tool. Review collected by and hosted on G2.com.

What do you dislike about Centime?

Logging in multiple times

Various Failures in Sync Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

We were unable to use QBO Bill Pay due to PAYMENT limits so we engaged Centime to process our payments. Review collected by and hosted on G2.com.

Response from Sergio Tzianos of Centime

Hi Deborah,

My name is Sergio and I'm the Chief Product Officer here at Centime. I am super grateful for taking the time to share your feedback with us.

We're glad to hear about your positive experience and that you find Centime to be a pretty powerful tool!

We're sorry that you've experienced an issue with syncs. Our Quickbooks customers generally report that the sync works well in most cases. There are certainly cases where postings might fail due to various reasons (for example when an accounting period is closed).

I'd love to investigate this further for you and see if there's something we can do to help! Please drop an email to cs@centime.com with subject "Quickbooks sync failures for investigation (G2 review)" and myself and my team will connect with you to make sure we get this solved.

Thanks again for taking the time to share your feedback, we truly appreciate it!

Sergio

Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Centime?

Easy access right from the main dashboard. Review collected by and hosted on G2.com.

What do you dislike about Centime?

Predictions are not always accurate and cannot change history. Review collected by and hosted on G2.com.

What problems is Centime solving and how is that benefiting you?

cash flow management and ap Review collected by and hosted on G2.com.