In today’s fast-paced world, managing invoicing, collections, and payments efficiently is critical for professional services firms. Odder.in, a legal technology startup from India, is leading the way in simplifying these processes for law, accounting, consulting, and financial services firms with its AI-powered invoicing platform. With a focus on automation and data-driven insights, Odder is transforming how professional services firms handle their financial operations, making them more efficient, transparent, and cost-effective.
Odder’s AI-Driven Invoicing Solution
At the heart of Odder’s platform is its ability to integrate multiple financial processes into one cohesive system. This unique combination of invoicing, collections, and payments addresses several challenges faced by professional services firms, offering benefits such as:
Streamlined Billing: Odder’s automated system reduces the complexity of invoice generation and ensures timely submissions, which helps reduce Days Sales Outstanding (DSO).
Enhanced Cash Flow: With AI insights, the platform improves collections by automating follow-ups and identifying potential payment delays.
Lower Operational Costs: Automation allows firms to reduce reliance on manual processes, which in turn decreases labor costs and errors.
Client Satisfaction: Transparent, easy-to-read invoices foster trust and allow clients to engage in the payment process with ease.
With these features, Odder is not just optimizing invoicing but is providing an end-to-end solution that enables firms to focus on their core services while improving their financial operations.
Investment and Expansion Plans
In October 2022, Odder raised $2 million in seed funding led by Saama Capital and Twin Ventures, with contributions from angel investors based in the US, Singapore, and Germany. This capital boost will be key to the company’s growth as it plans to:
Enhance the AI-based invoicing product to add new features and improve user experience.
Expand to international markets, including North America, the UK, and Australia, where professional services firms are increasingly seeking automated financial solutions.
The company’s ambitious growth targets aim for an annualized revenue of $1 million within 18 to 24 months, highlighting its potential to scale globally.
A Team of Experts Driving Innovation
Odder’s leadership team combines deep technical expertise and vast industry experience, including over 60 years of collective experience:
Milan Bobde (CEO): Former product and business strategy leader at Intapp Digital menu and Thomson Reuters Elite, Milan brings invaluable insights into the needs of professional services firms.
Saurabh Mehra (Co-founder): With experience at Intapp, Marsh, and Thomson Reuters Elite, Saurabh’s expertise lies in operations, customer engagement, and business development.
Sumit Garg (Co-founder): A technology expert with a strong background in building enterprise applications for leading companies such as Intapp and Cenzic.
To further drive innovation, Odder recently appointed Eric Newman as its Chief Architect, strengthening its technical capabilities and product development.
Odder’s Vision for Global Growth
As Odder looks ahead, it is focused on not only expanding its product offering but also its global presence. The company plans to establish a research and development center in India to continue enhancing its Digital menu AI-driven platform, as well as expanding its team to keep up with growing demand. With a robust business model and a product that speaks to the needs of professional services firms, Odder is poised for rapid expansion across key international markets.
The Future of Invoicing with AI
Odder is paving the way for a future where professional services firms can operate with maximum efficiency and minimal manual intervention. By leveraging the power of AI, Odder is enabling firms to automate their invoicing systems, make smarter financial decisions, and improve overall operational performance.
With Odder’s platform, firms can stay ahead of the curve, reduce financial inefficiencies, and deliver better services to their clients.
Explore Odder’s Services
For more information on how Odder can help streamline your firm’s invoicing and collections processes, visit their website at www.odder.in.
Odder.in is the trusted partner for professional services firms looking to optimize their invoicing operations, offering an innovative AI-based solution that drives efficiency, transparency, and client satisfaction.