Simpro Group today announced “Fast Cash,” a new AI-driven solution aimed at helping contractors and field service businesses accelerate payments and reduce the burden of chasing invoices.

For an industry where margins often sit around ~6%, delayed payments and manual collections create real strain on cash flow. Traditional systems rely on static reminders and manual follow-ups, processes that haven’t evolved with how businesses operate today.

Fast Cash introduces an agentic AI model that takes ownership of the collections process, automatically following up, adapting to customer behavior, and resolving routine payment issues without adding back-office headcount.

"Traditional payment management is built on a one-size-fits-all model. Whether it is a loyal customer who always pays on day 31 or a new client with a complex contractual holdback, most systems treat them exactly the same: a static 15/30/60-day reminder. This approach has cost implications across the business. Teams spend hours manually chasing invoices, with each one costing between $12.88 and $19.83 to process. Cash flow becomes less predictable, which forces businesses to delay hiring or investment decisions. And over time, the constant back-and-forth adds friction to customer relationships that should be straightforward."

A new model is emerging. Instead of software that simply flags unpaid invoices, systems are beginning to take ownership of the payment process itself.

This is what an intelligent, autonomous approach to accounts receivable looks like in practice:

• End-to-End Ownership of the Payment Lifecycle
  • Instead of merely sending reminders, an AI assistant takes ownership of the path to payment. It works through common obstacles and executes follow-ups so your team does not have to. It should be like adding a senior AR specialist to your team who never sleeps and never misses a follow-up.
• Dynamic Outreach Based on Customer Behavior
  • An AI assistant is not restricted to traditional reminder cadences. It analyzes customer behavior and real-time invoice status to optimize when and how it reaches out.. By reaching customers when they are most likely to pay, it accelerates your speed to cash without creating noise.\
• Intelligent Filtering That Prioritizes Human Attention
  • Not every late payment requires a phone call. An AI assistant should autonomously handle routine inquiries and simple payment obstacles, filtering out the noise. This ensures that when your finance team does get involved, they are focusing exclusively on the high-priority cases that truly need a human touch.

Fast Cash is Simpro’s implementation of this model, an agentic AI designed to take ownership of the end-to-end payment workflow. Fast Cash has full visibility into invoice and payment status, ensuring outreach is always accurate and up to date in real time.

Early results from agentic platforms show improvements, including faster payment cycles and reduced processing costs.

• 34% faster payments (DSO reduction)
• 85% reduction in processing costs, dropping from nearly $20 per invoice to approximately $2.78