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Kolleno Reviews & Product Details - Page 2

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.


DB
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

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

Kolleno has been a fantastic solution for managing our tuition fee collections. The software helps us stay on top of each student's payment status, ensuring all invoices are properly followed up on, even internationally. We appreciate how now we are certain that our students receive accurate billing regardless of where they are in the world. The payments portal is especially useful for handling and reconciling international payments, simplifying what used to be a complex process. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

The platform has proven to be very reliable and effective. Review collected by and hosted on G2.com.

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

Kolleno has made it much easier for us to manage international tuition payments. The platform automates our follow-up processes and ensures our invoices are sent correctly in the right currency. This has reduced errors and improved the experience for our students. The payments portal has also streamlined receiving payments from abroad. Review collected by and hosted on G2.com.

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

The customer portal allows our clients to download their own statements, saving us time from sending them account balances manually. They can see all the outstanding invoices, and also complete the payment they wish directly in the portal. For businesses operating in different countries, it will also show everything in their local currency. It simplified the process of receiving payments for us as its now much easier for our clients Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

The only downside is that some features, like setting up autopayments, took a bit of time to figure out. But once we got the hang of it, it was smooth sailing. Review collected by and hosted on G2.com.

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

On top of making our accounts receivable processes more transparent and easier to deal with, Kolleno has helped us to speed up our payments by introducing more payment methods to our clients. Review collected by and hosted on G2.com.

Roman G.
RG
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Kolleno?

We’ve partnered with Kolleno in the early days of the company aiming to scale and improve our payment collection strategies. Simple automation did wonders for speeding up our payment collections, as most of the times our clients just needed a kind reminder to complete the payment. Its been great to watch Kolleno’s product evolve from cash collections to a comprehensive financial operations platform. Now there are additional product features that help us streamline our financial processes: more sophisticated workflows, customer dashboard, reporting and reconciliation, as well as additional integrations, such as Kolleno's connection to our Xero account. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Wishing Kolleno to keep up the good job! been positive experience so far Review collected by and hosted on G2.com.

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

We turned to Kolleno’s accounts receivable management solution to improve our payment collection success. Since implementing Kolleno, not only have we experienced a decrease in overdue payments from clients, but the time we invest in managing receivables has also significantly diminished. Thanks to Kolleno, we now achieve more with less time input. Review collected by and hosted on G2.com.

Verified User in Health, Wellness and Fitness
UH
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

The payment reconciliation with Xero allowed us to save so much time on manual transactions matching - the product shows automatically the reccomended invoice to match a transaction with, or if the payment from a client was done via a customer portal - it gets autoapplied. Before Kolleno, manual reconciliation was taking a lot of my time, but now its very easy Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Haven't experiences any downsides in the product experience so far Review collected by and hosted on G2.com.

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

On top of solving our general receivables management efficiency, we now have also improved our customer relationship. Before efficient reconciliation, we'd quite often have awkward conversations with our clients where they have already paid, but it just was not reconciled in our books. With improved processes, now we don't face this issue no more Review collected by and hosted on G2.com.

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

Kolleno stood out to us with it’s very easy to navigate product design. The platform is very intuitive and i love how we can have information viewed at customer and invoice levels, as well as activating chasing activities on both of these too. On top of this, it is very useful to have that invoice status tag for us - as we can easily track any disputes or promises to pay from our clients. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Its a minor detail, but i wish the invoice page was more customizable - adding ability to move/add/ remove the columns to our table view. Review collected by and hosted on G2.com.

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

Staying on top of our payments - sending out invoice reminders, follow ups and tracking our cash position in real life. We lacked visibility into aging balance and actions taken on the late payments, but with Kolleno the process is streamlined and I can get any information I need from the dashboard. Review collected by and hosted on G2.com.

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

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 balance has also improved and we observe less clients fall through to the 60-90 arrears. Reports available within the platform are quite comprehensive, but we also appreciate how we can always request the customer support to pull reports specific to our needs and they can help us out with the data requests. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

The product is great, but if we could have more customizability for the main dashboard widgets for different team members or different business locations, that'd be amazing Review collected by and hosted on G2.com.

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

Our credit control department was looking for a solution to automate the collections processes and find a better, faster way to pull reporting for management team. The way Kolleno integrates with NetSuite allowed us to achieve both, as all the data has been pulled through and gets updated live in both systems. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Kolleno?

The platform was very easy to integrate with our existing systems, and the training sessions were extremely helpful in setting up automation to fit our credit control processes. Love how the customer support is always reactive and responsive to any questions that we have. We saw much faster payments thanks to the customer payment portal, that provides our customers with a transparent view into their outstanding invoices and overall account balance. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Nothing, the platform works well. Though would be great to have some more of online webinars /sessions on the best practices to use the product - would be great to see how other businesses operate in the platform. Review collected by and hosted on G2.com.

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

Making sure our credit control team is on top of accounts receivable management. The automation part has solved most of it, now we only deal with the incoming client inquiries and make sure to complete the daily tasks reccommended by the platform Review collected by and hosted on G2.com.

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

Integrating Kolleno into our existing systems and tools was very straightforward. It required almost 0 engineernig support, as it provides direct, live integration with our ERP system - we only had to make sure all the custom fields are connected correctly and naming conventions match. It was one of the best tools adoption experiences we've had. The finance team loves how much easier it made their daily job - it more pleasant for them to operate from one system to track all the payments. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Nothing. I hope you keep up the good job with newest product releases. Review collected by and hosted on G2.com.

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

We needed a quick and easy solution to track our cash flows and understand what payments are not coming through. Its great how we managed to automate most of the processes with Kolleno workflows - after setting everything up, our finance team only needs to act on tasks and reminders fed through the platform - as we now get notification everytime an invoce or clients needs to be followed up, without having ot check it manually in our invoicing systems or spredsheets. Review collected by and hosted on G2.com.

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

Kolleno has improved coordination between our credit & collection and legal specialists. The platform made it much easier for our credit & collections teams to prioritize their chasing activities and meet SLA requirements, which we have observed in the improved collected amounts on the weekly basis. For legal team, whenever there is a dispute or a bad debt that needs to be escalated, having access to the platform and being able to see the whole history of communication has been a game changer. Its also very convenient for me to be able to log in and export a report with all the bad debtors, disputes and the reasons behind them. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

Kolleno is relatively new on the market compared to other players, but we were positively surprised with how powerful the platform actually is to handle our business processes, and the customer support is on top of everything. So can’t say there is anything we dislike. Review collected by and hosted on G2.com.

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

We were looking for a solution that would help our credit and collections team to manage customer accounts receivable and cash reconciliation activities more efficiently and with higher accuracy. On top of that we needed a more smooth passover between collections and legal teams, which is where Kolleno’s multiple users and access control has come in very handy. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Kolleno?

We mostly use Kolleno to stay on top of our payments and making sure all the invoices are getting followed up on. Whilst my team is ensuring all the background job is getting done through the automated workflows, I appreciate how i can get instant overview of the payment statuses and company’s aging balance through the main dashboard or Kolleno’s mobile app. It is also very convenient how the platform supports multiple currencies. Review collected by and hosted on G2.com.

What do you dislike about Kolleno?

The mobile application at the moment only allows to read information, it would be great If I could also use it to leave notes / assign tasks to my team. Review collected by and hosted on G2.com.

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

Tracking and collecting late payments, giving visibility into our financial performance each month. It’s great to have it all in one place, and being able to see the complete history of client communications in case of any issues that get escalated to me. Review collected by and hosted on G2.com.