Outstanding AR reached its lowest point since 2023, while finance gained a clearer view of what needed attention.
The results from our partnership with Monk have far exceeded our expectations.
How Elate cut DSO nearly in half
The AI strategy platform brought contract-aware billing, collections, and a connected finance stack to a complex subscription portfolio.
The numbers
>2×
Month-one collections vs. 18-month average
40%
Invoices paid early in month one
Nearly ½
Reduction in DSO after implementation
Complex contracts. Consistent billing
Renewals, mid-term upsells, and account-specific terms made billing hard to scale. Monk connected the full process, from contract to collection.
Contract-aware billing
Full contract history informs accurate schedules for every customer.
Personalized follow-ups
Outreach reflects each account’s terms, tone, and payment timing.
Finance oversight
Finance sees every conversation and steps in when judgment is needed.
QuickBooks sync
Payments reconcile to the general ledger without double-entry.
HubSpot deal queue
Closed-won deals reach finance so new customers are invoiced promptly.
One receivables view
Finance sees billing and collections in one place as the portfolio grows.
Bring consistency to billing and collections
See how Monk handles the nuance in your contracts