Fiserv and Stuut Partner to Bring Agentic AI to Enterprise Receivables
Fiserv, Inc. (NASDAQ: FISV) has announced a strategic partnership with Stuut Technologies aimed at assisting eligible enterprise finance teams in modernizing their manual and fragmented B2B receivables processes. This collaboration combines Fiserv’s Commerce Hub and SnapPay, an order-to-cash solution, with Stuut’s AI-enabled automation capabilities to enhance collections, cash application, payments, disputes, and deductions, adhering to applicable requirements and implementation timelines.
Under the terms of the agreement, Commerce Hub will act as the payment processing backbone for Stuut’s platform, while SnapPay will integrate Stuut’s technology to automate accounts receivable and B2B payment workflows for eligible organizations. The partnership seeks to provide a comprehensive set of features aimed at reducing manual work, improving working capital management, and increasing visibility into cash flow and customer payment activity.
Jackson McIntosh, Senior Vice President of Payments Value Added Services at Fiserv, commented on the collaboration, stating, "Businesses are increasingly looking for ways to improve customer experiences while optimizing working capital. Together with Stuut, we are combining our payment and receivables expertise with AI innovation, helping our clients streamline order-to-cash workflows, support productivity gains, improve operational efficiency and deliver greater value."
Founded in 2024, Stuut develops solutions that leverage agentic AI to transform manual order-to-cash processes for B2B enterprises. The company reports that its AI agent has already facilitated the collection of over $2 billion in B2B invoices, showcasing the platform's growing adoption.
Tarek Alaruri, CEO and Co-Founder of Stuut, expressed the potential impact of the partnership, stating, "By combining Stuut’s AI agent with Commerce Hub and SnapPay, we are giving finance teams a next-generation solution to help modernize order-to-cash operations. Together with Fiserv’s scale and payments technology, we are providing the foundation to bring these capabilities to more enterprise customers."
Stuut Technologies focuses on automating accounts receivable tasks for enterprises, using its AI agent to manage collections, cash applications, credit, payments, disputes, and deductions. The platform integrates with major financial systems such as SAP, Oracle, and Microsoft Dynamics 365, and aims to enhance cash flow and reduce Days Sales Outstanding (DSO) for finance teams. Fiserv is recognized as a leader in commerce and finance, providing solutions across various financial services sectors.