New York-based AI order-to-cash platform Stuut has raised $52.5 million in a Series B funding round led by Insight Partners, as the company expands its platform designed to automate the end-to-end order-to-cash process for enterprises.
The latest funding comes just 10 months after Stuut’s Series A and brings the company’s total funding to $93 million. The Series B round also saw participation from Andreessen Horowitz, M12, Microsoft’s Venture Fund and Activant.
Stuut said its customers are freeing up to 40% more cash flow and reducing days sales outstanding (DSO) by 47%, while more than $3 billion has already moved through its platform.
Businesses worldwide have $16 trillion locked up in unpaid receivables, according to the company. Stuut is targeting this challenge by running the order-to-cash process across order management, credit, collections, cash application, payments, disputes and deductions.
The Problem Stuut Is Solving
Most customers want to pay, but issues such as missing purchase orders, inaccurate order data or invoices being sent to the wrong person can trigger weeks of emails, portal activity and internal follow-ups.
By the time an invoice becomes overdue, a single error can involve sales, finance, operations and multiple systems. At enterprise scale, getting paid can turn into millions of individual investigations requiring thousands of hours of work.
According to Stuut, broken order-to-cash processes can eliminate as much as 5% of a company’s revenue, representing as much as $1 trillion annually across the Fortune 500 alone.
“Most businesses don’t have the bandwidth to segment their base or give customers the level of service they deserve,” said Tarek Alaruri, CEO of Stuut.
“By leveraging AI, we’re able to deliver one of the leading solutions with continuous learning loops to improve the customer experience, reduce churn, improve NPS, and deliver better financial performance.”
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How Stuut Works
A missing purchase order can lead to a rejected invoice, followed by a portal submission, short-pay or deduction. Stuut follows this chain across thousands of invoices simultaneously.
The platform reaches customers worldwide through SMS, email and calls, logs into accounts payable portals, reconciles cash and takes the next action while maintaining context throughout the process.
Stuut also builds a living memory of each customer, including how they pay, which portals they use, what problems occur and how those issues are resolved.
The company said this accumulated information allows the platform to continue operating without requiring finance teams to manage each individual task.
Customers can also ask Stuut what happened, why it happened and exactly what actions the platform took to resolve an issue.
The company said 81.7% of outbound collections activity now runs without human involvement, while 95% of incoming payments are matched automatically.
The company has also expanded into credit and order management to identify issues upstream before they become payment problems.
The platform is designed to integrate with existing enterprise systems, including ERP platforms, bank accounts, CRMs and payment systems. Stuut said customers can go live within days without changing their existing processes and controls.
The platform is configured around each company’s existing processes and controls, with actions remaining auditable and behavioural changes requiring approval.
Partnerships Across Working Capital
Stuut is also partnering with firms across the working-capital ecosystem to help enterprises purchase, deploy and scale the platform. Its partners include Fiserv, EY, Altamont and HIG, among others.
“As enterprises look to modernize order-to-cash operations, we’re seeing increasing demand for solutions that combine AI, automation and payments expertise,” said Jackson McIntosh, SVP, Payments Value Added Services at Fiserv.
“Together, Fiserv and Stuut are helping clients streamline receivables, improve cash flow visibility and operate more efficiently at scale.”
“Order-to-cash performance has always been capped by capacity: how many accounts a team can work, how many disputes it can chase. Stuut’s autonomous execution removes that ceiling while holding to the controls a global enterprise requires. That’s where agentic AI moves from promise to freeing up cash,” said Shawn Ryan, Partner, US Working Capital Leader, EY-Parthenon.
Customer Base Grows Fivefold
Stuut currently serves more than 150 customers, including Fortune 50 and Fortune 500 companies. The company’s customer base has grown fivefold since last year, while more than $3 billion has moved through the platform.
Customers are also expanding their use of Stuut across more parts of the order-to-cash lifecycle.
“Stuut gives our finance team the reach to handle thousands of invoices and entities worldwide – without asking us to change how we work. It fits naturally into our existing ERP, respects the controls and audit trails we’ve built, and gives us confidence that its AI solution can work inside those guardrails, not around them,” said Chris Dichiara, Chief Financial Officer at Verifone.
“It also lets us simply ask the platform what happened and why. At our scale, that matters more than speed alone. What we value most is trusting every action behind the work, not just seeing it get done.”
Bishop Lifting has deployed Stuut across 45 branches for collections, disputes and cash application. The company has cut overdue receivables by 35%, unlocked $3 million in working capital and increased the number of accounts managed per employee by 50%.
Honeywell uses Stuut on top of its legacy SAP environment to reach its long tail of customer accounts and is expanding the platform into quote-to-cash.
At ZoomInfo, Stuut has collected $21.2 million and reduced time to first touch by more than 90%.
“Stuut changed how we think about AR technology. We did not need another system to help our team manage the work. We needed one that could take on more of it. A year in, Stuut automates much of our routine collections work, giving our team more time for accounts that need judgment,” said Blaine Browning, Controller & Vice President, Accounting at ZoomInfo.
“Alongside other AR initiatives, Stuut contributed to DSO improving from 51 to 40 days, making the decision to renew for multiple years and expand into Disputes an easy one.
What’s made this even more powerful is the data partnership we kicked off with Stuut, bringing ZoomInfo’s data and insights directly into the Stuut platform for their entire customer base. Pairing their automation with ZoomInfo data has been a force multiplier to our collection efforts.”
Why Stuut Says the Timing Matters
The company said finance teams are managing more customers, transactions and systems as the work involved in getting paid becomes more difficult. More than 300,000 accountants have left the profession since 2019, while much of the work surrounding order-to-cash continues to depend on people.
US businesses are carrying $7.2 trillion in trade receivables, according to Stuut, while every additional day of DSO leaves approximately $150 billion tied up.
DSO is closely monitored by boards and, at some companies, is directly linked to CFO compensation. Stuut said the ability of software to execute order-to-cash activities rather than simply organise them is making the area an important deployment opportunity for AI.
“Many enterprises have more cash tied up in receivables than they realize. A single invoice error can trigger weeks of follow-up across teams and systems, and at scale that adds up to real revenue left on the table,” said Julian Marcu, Vice President at Insight Partners and Board Member at Stuut.
“Stuut has figured out how to use agents to execute that recovery process and match cash to invoices while fitting naturally within the controls, workflows, and systems finance teams already rely on. We’re proud to back Tarek and the team in this next phase of growth.”
Expansion Planned Across Financial Infrastructure
Stuut said it is growing more than 90% quarter over quarter and will use the latest funding to meet customer demand and expand further into the financial infrastructure surrounding transactions.
The company’s expansion plans include areas ranging from credit and lending to the movement of funds.
The long-term ambition for Stuut is to make selling easier for large enterprises by carrying each transaction from the point at which a company decides to sell something through every decision, document and payment until the cash reaches the bank.
