Tel Aviv, Israel, July 8th, 2018 – Gaviti today announced that it has joined the Oracle Scaleup Ecosystem program. Gaviti is a SaaS solution that helps organizations get paid faster with its collections process optimization software. Gaviti will work with the Oracle Scaleup Ecosystem, and the global resources, cloud technology, and expertise offered, as the company moves into its next phase of growth.
Gaviti is an AI-driven receivable collection optimization platform for the in-house collections teams. Gaviti helps businesses to get paid faster via analysis of their collections workflows and provides improvement suggestions on top of process automation. Gaviti supports all accounting platforms, ERPs, CRMs and other corporate data sources to interact with debtors and help businesses resolve their past due invoices sooner. Gaviti helps businesses to collect due payments faster, accelerate cash-flow, reduce write-offs and increase the overall revenue, all while saving hundreds of work hours and operational costs.
“We are highly excited to join and become a part of the Oracle Scaleup Ecosystem and are looking forward to bringing value to organizations who are wanting to collect their due payments faster,” said CEO of Gaviti, Yan Lazarev.
Oracle’s global startup mission is to provide enriching, collaborative partnerships to enable next-generation growth and drive cloud-based innovation for startups throughout all stages of their journey. To that end, Oracle offers residential and nonresidential startup programs that power cloud-based technology innovation and enable co-creation and co-innovation.
Oracle Scaleup Ecosystem is the nonresidential, virtual-style program designed for mature startups and venture capital and private equity portfolio companies to enable hypergrowth and scale. The program allows Oracle to reach more startups regardless of geographic location. Oracle’s Scaleup Ecosystem program offers mentoring, R&D support, marketing/sales enablement, migration assistance, cloud credits and discounts, and access to Oracle’s customer and product ecosystems.
“Oracle Scaleup allows us to support and enable companies tackling big, global problems, like Gaviti, developing solutions to address the optimization of receivables collections,” said Reggie Bradford, Oracle senior vice president, Startup Ecosystem, and Accelerator.
Gaviti disrupts the multi-trillion in-house receivables collection field with its innovative AI-based collections process optimization. Started in 2017 by domain experts in their respective fields, Gaviti harnesses the best technology available to empower collection teams in organizations globally to help businesses get paid faster.
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.