Kapwork, an AI platform for factoring, has unveiled significant updates to its Kapwork Verify platform, aimed at revolutionizing the factoring industry with cutting-edge automation and real-time data. The new features—such as an Email Verification Agent and a centralized user interface for real-time invoice tracking—aim to streamline workflows, eliminate fraud risks, and enhance operational efficiency, helping factoring firms scale their operations faster and more securely. Traditional factoring processes have long been plagued by manual tasks, inefficiencies, and significant risks, resulting in billions of dollars lost annually. Kapwork’s AI-driven solutions aim to mitigate these risks, offering transparency, speed, and reduced operational costs.
AI Innovations Accelerate Invoice Processing
1. Automated Email Verification for Faster Invoice Tracking
- Email Verification Agent: Historically, the email inbox has been the bottleneck in factoring workflows. With Kapwork’s new feature, the platform automates invoice extraction and aggregation from email threads, significantly reducing processing time.
- A process that once took up to 2 days now takes just seconds, enabling real-time understanding of new, pending, and settled transactions.
- Factors can now manage transaction statuses without sifting through thousands of emails manually.
2. Centralized User Interface for Real-Time Invoice Management
- The new centralized UI aggregates data from emails, vendor portals, and internal systems, providing a comprehensive view of all invoice statuses.
- Alerts notify users when new invoices are available for purchase.
- Anomaly detection features help prevent fraud, reducing the risk of costly errors and missed opportunities.
Mauricio Vergara, Co-Founder and CEO of Kapwork, emphasized:
“Factoring demands speed, precision, and trust, but manual processes make it harder than it should be. We built Kapwork to help factors maximize their margins and fund SMBs faster.”
Self-Healing AI for Reliable Automation
3. Self-Scripting AI Agents for Improved Reliability
- Kapwork’s platform is powered by self-scripting AI agents, which improve the reliability of invoice verification tasks by learning and adapting to changes in external systems or websites.
- If an error occurs or a website change is detected, the AI agent self-heals by diagnosing and fixing the issue.
- This reduces downtime and minimizes maintenance overhead, ensuring that factoring operations remain accurate and efficient at scale.
Immediate Benefits for Kapwork Users
4. Faster Capital Deployment and Reduced Operational Costs
- With Kapwork’s real-time automation, factors can scale capital deployment without increasing headcount, reinvesting time previously spent on manual labor into business growth.
- The platform reduces complexity, making it easier for firms to manage transactions across various systems and platforms.
For instance, TowerCap, a New York-based boutique factoring firm, has seen a significant reduction in workload, moving invoice verification from a twice-weekly process to a daily one. This has accelerated their ability to deploy capital and improve profitability.
Oscar Rombola, International Factoring Association Canada President, stated:
“Firms that delay this shift won’t disappear overnight, but they will find it harder every quarter to compete on price, speed, and risk discipline.”
Kapwork’s updates to the Kapwork Verify platform represent a pivotal moment in the factoring industry, providing firms with tools to automate tedious processes, minimize risks, and make data-driven decisions in real-time. With these advancements, Kapwork is positioning itself as a leader in AI-powered automation for factoring, driving operational efficiency and profitability for SMBs and factoring firms alike.
