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Fazeshift

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Overview

Fazeshift is a cutting-edge startup founded in 2023, focused on revolutionizing the Accounts Receivable (AR) process through artificial intelligence (AI). Here's a comprehensive overview of the company and its offerings:

Founding and Leadership

Fazeshift was co-founded by Caitlin Leksana and Timmy Galvin, who met while pursuing their MBAs at Harvard Business School. Leksana, the CEO, brings experience from leading a crypto marketing automation startup and consulting for tech companies at Boston Consulting Group (BCG). Galvin contributes expertise in fintech and AI.

Mission and Technology

Fazeshift aims to transform the traditionally manual and error-prone AR process by leveraging large language models (LLMs) to automate tasks such as invoice generation, payment matching, and collections management. Unlike traditional robotic process automation (RPA), Fazeshift's LLM-powered approach can handle complex workflows with high accuracy and flexibility.

Key Features

  • End-to-End Automation: Streamlines the entire AR process
  • Integration: Seamlessly works with existing tools like Salesforce, HubSpot, and QuickBooks
  • Manual Task Elimination: Frees employees to focus on strategic tasks
  • Enhanced Visibility: Provides better insights into AR status
  • Improved Collections: Automates reminders and follow-ups
  • Scalability: Designed to grow with business needs

Security and Compliance

Fazeshift prioritizes data security, employing advanced encryption and security protocols while complying with industry standards and regulations.

Funding and Growth

In January 2025, Fazeshift secured a $4 million seed round led by Gradient, Google's early-stage AI fund, with participation from Y Combinator and other investors. The company is already working with several large enterprise customers, positioning itself as a leading solution for AR process optimization. Fazeshift's innovative approach to AR automation promises to reduce costs, increase efficiency, and improve cash flow for businesses across various industries.

Leadership Team

Fazeshift's leadership is driven by its two co-founders, each bringing unique expertise to the company:

Caitlin Leksana - Co-Founder and CEO

  • Background in entrepreneurship and tech consulting
  • Previously CEO of a crypto marketing automation startup
  • Experience with Boston Consulting Group (BCG)
  • MBA from Harvard Business School

Timmy Galvin - Co-Founder

  • Expertise in fintech and artificial intelligence
  • MBA from Harvard Business School
  • Shares the vision of empowering finance teams through AR automation Together, Leksana and Galvin identified the inefficiencies in accounts receivable processes during their MBA studies, which led to the creation of Fazeshift. Their combined experience in technology, finance, and entrepreneurship positions them well to lead Fazeshift in its mission to transform AR processes through AI-driven automation.

History

It's important to note that the name "Fazeshift" has been used by two distinct entities with different histories and purposes:

Fazeshift (AI Company)

  • Founded in 2023 by Timmy Galvin and Caitlin Leksana in San Francisco, CA
  • Specializes in automating Accounts Receivable processes using AI
  • Integrates with various business tools to streamline financial operations
  • Raised $4 million in seed funding in January 2025, led by Gradient Ventures (Google's AI-focused fund) and Y Combinator
  • Focuses on eliminating manual tasks, reducing errors, and increasing efficiency in invoice management

Fazeshift (Band)

  • Formed in 2005 in Syracuse, NY
  • Members: Joey Bolognone (lead vocal, guitar, keyboard), Josh Salvage (drums), John Paul McLaughlin (lead guitar), and Alec Gilfillan (bass)
  • Name derived from the mathematical term "phase shift"
  • Christian band aiming to spread messages of love, hope, and redemption through music
  • Toured independently and performed with various other bands
  • Focused on inspiring and positively impacting teenagers and others through their music While sharing the same name, these two entities are entirely separate and operate in completely different fields - one in AI-driven financial technology and the other in music and Christian ministry.

Products & Solutions

Fazeshift offers a comprehensive AI-driven solution designed to automate and streamline the accounts receivable (AR) process for businesses. Here are the key products and solutions provided by Fazeshift:

Automation of AR Workflows

Fazeshift's AI agent automates a wide range of tasks within the accounts receivable process, including:

  • Invoice Creation: Generating invoices automatically
  • Contract Parsing: Extracting relevant information from contracts
  • Cash Application: Applying payments to the correct invoices
  • Collections: Managing and automating the collection of overdue accounts
  • Billing Workflows: Handling complex billing processes
  • Payment Reconciliation: Automating the reconciliation of payments

Integration with Existing Tools

Fazeshift seamlessly integrates with various software systems commonly used by finance and accounting teams, such as Salesforce, HubSpot, DocuSign, Stripe, QuickBooks, NetSuite, and Gmail. This integration allows the AI agent to pull data from multiple sources, extract relevant information, and take meaningful actions without manual intervention.

Use of Large Language Models (LLMs)

Unlike traditional robotic process automation (RPA) tools, Fazeshift leverages large language models (LLMs) to handle complex workflows with high accuracy. The AI agent uses highly specialized LLM prompts fine-tuned to each specific task, providing the flexibility and nuance required for enterprise-grade operations.

Customization and Scalability

Fazeshift's solution is designed to be customized to the unique AR processes of each business. This customization, combined with an intuitive web interface, enables finance and accounting teams to transform their AR workflows efficiently and scalably.

Efficiency and Cost Savings

By automating tedious and manual tasks, Fazeshift helps businesses reduce the time and cost associated with managing accounts receivable. Tasks that previously required large teams can now be handled by the AI agent in a fraction of the time, leading to significant efficiency gains and cost savings.

Additional Benefits

  • Elimination of Manual Tasks: Reduces the need for manual data entry and managing back-and-forth email exchanges
  • Increased Visibility: Provides better insight into the AR process
  • Reduced Unpaid Invoices: Helps in minimizing the number of outstanding invoices
  • Scalability: Ensures that the AR process can grow with the business

Core Technology

Fazeshift's core technology centers around AI-driven automation specifically designed for accounts receivable processes. Here are the key aspects of their technology:

AI Agent

At the heart of Fazeshift's technology is a sophisticated AI agent tailored to automate complex financial tasks within the accounts receivable workflow. This AI agent is built on robust, generalizable data models and integrates seamlessly with various platforms such as CRM, ERP, invoicing, payment, and customer data systems.

Automation of Tasks

The AI agent automates a wide range of tasks, including:

  • Contract analysis and parsing
  • Invoice generation
  • Payment reconciliation
  • Cash application
  • Collections and follow-ups on overdue payments
  • Tracking and managing tasks This automation replaces the need for manual data entry, copying and pasting between platforms, and managing back-and-forth email exchanges, which were previously time-consuming and error-prone.

Use of Large Language Models (LLMs)

Fazeshift leverages advanced large language models (LLMs) to navigate and automate complex financial workflows. Unlike traditional robotic process automation (RPA), Fazeshift's solutions are highly adaptable and can cater to the specific needs of enterprise finance teams.

Integration with Existing Tools

The platform integrates with a variety of tools and systems, including Salesforce, HubSpot, DocuSign, Stripe, QuickBooks, NetSuite, and Gmail. This integration allows for a seamless and comprehensive automation of the end-to-end accounts receivable process.

Customization and Scalability

Fazeshift's AI solutions are fine-tuned for the unique accounts receivable processes of each business, providing a high level of customization. This customization, coupled with an intuitive web interface, enables finance and accounting teams to transform manual and nuanced processes efficiently and scale their operations with confidence.

Industry Peers

Fazeshift operates within the financial technology and automation sector, specializing in AI-driven accounts receivable (AR) process automation. Here's an overview of its industry peers and the broader landscape:

Automation and Financial Technology

Fazeshift is part of a growing trend in financial technology (FinTech) that uses AI and automation to streamline financial processes. Peers in this space include companies offering similar automation solutions for financial operations.

Robotic Process Automation (RPA)

While Fazeshift distinguishes itself through the use of large language models (LLMs), major RPA players can be considered industry peers due to their focus on process automation:

  • UiPath
  • Automation Anywhere
  • Blue Prism

Accounts Receivable and Financial Process Automation

Companies specifically focusing on automating AR and other financial processes include:

  • HighRadius: Known for AI-powered accounts receivable and accounts payable automation solutions
  • Billtrust: Offers automated AR and payment solutions
  • YayPay: Provides AI-driven AR automation and payment processing

Integration with Financial Software

Peers in this category integrate with various financial software tools to automate financial workflows:

  • Zapier and Make (formerly Integromat): Automate workflows across multiple software applications
  • Tipalti: Automates payables and other financial processes While these companies may not all focus exclusively on AR, they share similarities with Fazeshift in their use of automation and AI to streamline financial operations and integrate with existing financial software systems. The industry continues to evolve rapidly, with new players and technologies emerging to address the growing demand for efficient, automated financial processes.

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