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Kolleno Reviews & Product Details

Kolleno Overview

What is Kolleno?

Kolleno is an accounts receivable platform that brings together receivables, payments and reconciliation - all in one place. Ranked among the top 50 Softwares in Accounting & Finance by G2, the platform is built for and by finance professionals to automate and optimise finance back-office processes with highly customisable workflows. Kolleno simplifies the management of client payments, related communications, and financial reporting by keeping everything in sync - data, systems, and people. Powered by advanced AI capabilities, Kolleno pulls data from all incoming accounting systems, ERPs and CRMs, enabling users to leverage context-sensitive content across key finance systems, processes and workflows. We foresee traditional finance operations transforming into seamless digital experiences for everyone involved – including CFOs, finance teams and their clients. Ultimately, Kolleno helps businesses to run everyday operations intelligently, freeing up resources to focus on higher-priority, growth-driving activities. Our platform is designed to be user-friendly and intuitive, making it simple for you to get started right away. Ultimately, Kolleno helps you to get the cash in faster and free up your resources to focus on and reinvest in growth-driving activities. Don't waste another moment on manual accounting processes - upgrade to Kolleno today and experience the future of financial management. An example of success offered by Kolleno to a real client in their first 3 months: 📉32% reduction in Days Sales Outstanding (DSO) 💰Reduced outstanding receivables by 50% ⏰40% of time saved a week on manual activities

Kolleno Details
Product Website
Languages Supported
English
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Product Description

Bring all your accounting, communication, and payment systems into one platform and streamline your credit control.


Seller Details
Seller
Kolleno
Company Website
Year Founded
2019
HQ Location
New York, US
Twitter
@KollenoHQ
33 Twitter followers
LinkedIn® Page
www.linkedin.com
31 employees on LinkedIn®
Description

Kolleno is a financial operations platform that brings together receivables, payables, payments and reconciliation - all in one place.


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Overview Provided by:

Recent Kolleno Reviews

Sofie K.
SK
Sofie K.Mid-Market (51-1000 emp.)
5.0 out of 5
"Kolleno - Game-changer for our efficiency and cash flow"
Since implementing Kolleno our payment process has been transformed. The automation and real-time updates have drastically reduced manual tasks, an...
Verified User
A
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Much easier and faster payments application"
Using Kolleno has significantly simplified for us the process of payments reconcilaition. Its especially convenient that when customers complete th...
Verified User
U
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Helped us to reduce overdue balance and improved payments ageing"
It was very fast to see actual results from the platform - our overdue balance has been reduced significantly within the first 3 months. The aging ...
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Kolleno Media

Kolleno Demo - 1. A real All-in-one Solution for AR Management
Our leading solution for AR is the most effective because we designed it according to the business needs and current industry standards. No unnecessary and complex features, just a solution to get paid faster!
Kolleno Demo - 1. Task Manager
Our platform is built for users with ease of use as our main priority as well as functionality. Seamlessly navigate through your task manager and see the actions you need to take regarding you customers and invoices.
Kolleno Demo - 2. Main Dashboard
Gain visibility on your accounts by leveraging on our Main Dashboard analytics, where you will be able to see your invoices breakdown, your ageing balance and much more!
Kolleno Demo - 3. Customer Payment Portal
The best way to get paid is by making it easy for your customers to do so. We provide you a tailored customer portal where your clients can pay their invoices directly through a variety of payment methods. Neat!
Kolleno Demo - 4. Automated Communications
Forget about manually sending reminders to your debtors. We create a tailored strategy for collection using a multichannel approach, that runs smoothly in the background and helps you get paid faster.
Kolleno Demo - 5. Customer Information Hub
Get a full understanding of you client's timeline so you know the history and past invoices from your customers as well as the communications and payments made to your account.
Jordan Hickson, DNA Payments' Accounts Receivable Manager, shares his experience with using Kolleno to automate manual processes. Jordan delves into the key features that have significantly enhanced DNA Payments' efficiency. The reconcilia
Play Kolleno Video
Jordan Hickson, DNA Payments' Accounts Receivable Manager, shares his experience with using Kolleno to automate manual processes. Jordan delves into the key features that have significantly enhanced DNA Payments' efficiency. The reconcilia
We had the opportunity to meet with Edoardo Giovanni Raimondi #CFO of Talent Garden, who shared his experience of automating AR with help of Kolleno software.
Play Kolleno Video
We had the opportunity to meet with Edoardo Giovanni Raimondi #CFO of Talent Garden, who shared his experience of automating AR with help of Kolleno software.
Co-founder and managing director of Avery Law, David Turney, shared his experience using Kolleno for AR management and credit control
Play Kolleno Video
Co-founder and managing director of Avery Law, David Turney, shared his experience using Kolleno for AR management and credit control

Official Downloads

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93 Kolleno Reviews

4.9 out of 5
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93 Kolleno Reviews
4.9 out of 5
93 Kolleno Reviews
4.9 out of 5

Kolleno 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 KollenoQuestion

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.
Sofie K.
SK
Digital Transformation Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

Since implementing Kolleno our payment process has been transformed. The automation and real-time updates have drastically reduced manual tasks, and we’re collecting payments faster than ever. Our customers appreciate the easy payment updates, and our team loves how seamlessly everything syncs with our ERP. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

There is nothing we disliked.

The kolleno team is super open for improvement points and always helped us out with questions. Review collected by and hosted on G2.com.

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

We are better in sending structured reminder communications to our customers which leads to improved cash collection.

Also with the Customer Portal the customer can see their invoices and payment methods and pay from the Portal.

We are able to send reminders on customer level and not invoice level.

Integrations with Go Cardless and Adyen is seemless. Review collected by and hosted on G2.com.

AK
Business owner
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

Kolleno has made it much easier for us to handle the payments conversations without damaging our relationships with big corporate partners. The platform’s automated payment reminders are customizable, so we have segregated our partners into different portfolios, allowing us to adjust a tone of voice and strategy per each one. Now that all of our communications is automated, we only need to respond to incoming replies. There are also no more manual erros, and we never find ourselves in a situation where a wrong invoice was sent to a wrong client! Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

The initial setup to get the reminders perfectly tailored to each client took some tweaking. But once we got it right, it’s been a smooth process and has worked exactly as we hoped. Review collected by and hosted on G2.com.

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

Kolleno has helped us maintain good relationships with our corporate clients while ensuring invoices get paid on time. We had a lot of overdue payments from companies sending their employees for language training, but we didn’t want to strain those partnerships by chasing payments too aggressively. Now, with Kolleno’s automated and personalized reminders, most clients pay on time without us having to get involved directly. It’s made our payment collection much more efficient and less stressful. Review collected by and hosted on G2.com.

VO
CEO
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

Kolleno has made it incredibly easy for us to simplify payments to our clients. Setting up autopayments has been a game-changer as it gives our clients one less thing to worry about.

Thanks to Kolleno’s direct integration with our ERP and accounting software, we monitor each client's payment status in real-time is very convenient - we can instantly see who’s on track and who might need a reminder. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

The only minor issue we’ve encountered is that it took some time to fully customize the automated workflows to fit our exact needs. However, once set up, the system runs smoothly and reliably. Review collected by and hosted on G2.com.

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

Kolleno has really helped us automate our payment management and improve our credit control process. The automated workflows take care of late payment triggers and notify our credit controllers when action is needed. This has not only improved our sla time but also reduced the stress of manually tracking and chasing payments. Review collected by and hosted on G2.com.

AC
CEO
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

Kolleno's task management dashboard has made it much easier for us to deal with daily tasks! The platform autogenerates the tasks triggered by our own custom workflows that we set up during the onboarding. It also assigns the task to the relevant team member, so everyone gets an overview view of what is happening for each clients payment, who is on top of it and ensure nothing gets forgotten. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

We've asked for more filters to be applied to the tasks view, and we know that the team is working on it! Nothing that we do not like, the team is very receptive to product feedback. Review collected by and hosted on G2.com.

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

There are many steps in our credit policy that we need to ensure our team is following - hence a lot of tasks to go through per each clients account. Kolleno helped us to make sense out of overwhelming daily activities and made it much easier to complete them. Review collected by and hosted on G2.com.

Verified User in Retail
AR
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

The new Kolleno GPT AI chat is very impressive! I used this AI chatbot to diagnose a collection workflow problem, and it explained to me reasons for why one of the copmanies didn’t enroll. This new update is saving our team a lot of time on building and troubleshooting the automation. It really does empower us to optimize collection workflows faster, and the monitoring of their performance got so much easier after the new dashboard release. The system runs like clockwork and the integrations are working well - so nothing to dislike. Data flows perfectly between the systems, which makes it a very smooth process to manage. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

The new update Kolleno pushed solved most of our requests we had. Appreciate the efforts of product and customer success teams. Review collected by and hosted on G2.com.

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

Staying on top of the receivables collections and supplying our clients with payment links - its so convenient that now we don’t need to call them and take the payment via the phone - with Kolleno we have a white-labeled payment portal for each of the clients where they can view all the outstanding invoices and pay via the method they prefer. Review collected by and hosted on G2.com.

Verified User in Computer Software
AC
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

Kollno significantly simplified our receivables management by bringing together all the customer information, communications, and payments into a single platform. The customer success team is always avialable, very quick on sla and receptive to the new feature suggestions, for example the update on dashboard to incorporate ageing reports report to showcase clients contacted and not contaced within each bracket. We look forward to future product updates and upcoming release of AI Copilot in late 2024. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Reporting could have a few more preset reports available for immediate download. However, we were able to build those out together with Kolleno's customer success to be downloaded directly from the back end system. Review collected by and hosted on G2.com.

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

We have a number of different systems that are involved in the receivables collections processes. We needed one single solution to bring it all together, but also allows us to manage the whole process from one space. Since we have limited resources, we also needed a solution to empower 1 persont to do things at scale. Kolleno's automation was perfect for this purpose. Review collected by and hosted on G2.com.

Verified User in Oil & Energy
AO
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

Since implementing Kolleno, we’ve seen a 37% improvement in our DSO which had a significant impact on our cash flow. It has become much easier to stay on top of our payments from different global subsidiaries with the task manager - its particularly useful how we can assign client portfolios of different locations to different credit controllers that cover each specific region. Kolleno keeps everyone in our team on the same page, and makes collaboration internationally much smoother. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

We needed a bit of custom integration solution, so it took a bit of time. However, there is nothing that we dislike about the product, its really tailored for the receivables management purpose. Review collected by and hosted on G2.com.

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

Kolleno has helped us reduce payment delays and optimize our collections process. The automated workflows and task manager made it much easier for our international teams to stay aligned, and improved diligence in our payments follow up that has improved our DSO. Review collected by and hosted on G2.com.

Verified User in Staffing and Recruiting
US
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

Love how I no longer need to build the reports in spreadsheets - it was taking up just too much of my time to update and maintain the reports. Kolleno provides with pre-built reports that you can just export based on your data and share with your team. Its very convenient for us, as it has exactly the reports that we usually use for understanding our receivables status: overview of ageing balance, average days late evolution, collection cohorts overview and others. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Wish I could have some of these reports as a part of the main dashboard, but i believe the team is launching the new dashboard in September - looking forward to it! Review collected by and hosted on G2.com.

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

Efficient management of our accounts receivable processes. The platform allowed us to automate most of it, and its much easier to monitor the progress with all these reports automatically built for us Review collected by and hosted on G2.com.

YS
Business Manager
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

We loved how the product allowed us to build out workflows to specifically notify us about the chargebacks or payment failures. It is essential for our business operations to ensure that the team can act promptly on any failed payments and investigate the issues. Thanks to Kolleno we don’t miss a thing anymore. And overall - the product is very easy and pleasant to use. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Relatively new users, so nothing to dislike so far. However, if anything - the customer support seems to be on top of the game, so we are feeling very positive. Review collected by and hosted on G2.com.

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

Automating notifications for important payments status changes, accounts receivables management processes optimization. Review collected by and hosted on G2.com.

Verified User in Computer & Network Security
AC
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

Using Kolleno has significantly simplified for us the process of payments reconcilaition. Its especially convenient that when customers complete the payment via Kolleno payment portal, it gets autoapplied into our quickbooks system. For the payments that are runnign late, love how we no longer need to chase them but can just set up a collections a collections workflow. Love the new Kolleno 2.0 update that made the platform much more user and many features additions! Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Kolleno solves all our problems, nothing to dislike. Review collected by and hosted on G2.com.

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

Payments collections and the reconciliation of these, across different payouts and systems. Review collected by and hosted on G2.com.