Cherry Inc

08/30/2023

"Every business transaction is one long conversation," Joe Woodard of Woodard Institute told our team last week.

The following are some of the continuous conversations that are taking place either internally within the company or between the vendor and customer;

-It starts with the back-and-forth on price (PO) negotiation,
-status, shipping, and tracking,
-invoicing and billing,
-receiving and dispute resolutions,
-collections and renegotiating payment terms,
-preparing the payment,
-processing or sending the payment,
-receiving and entering the payment,
-closing the correct invoices,
-reconciling the bank feeds and closing it is a whole other discussion.

Every line is a part of one long conversation; however, in isolation, it is missing all the context, yet there's no single point to maintain these communications in context, which is a nightmare to keep track of and understand who did what, when, and why.

We would love to learn how you feel about this issue.

Please comment below with your thoughts or DM me.

11/08/2022

https://www.nfx.com/post/why-nfx-invested-in-cherry

Cherry is a new fintech startup that automates B2B payment processing for medium and small companies, starting with the nursing home industry. Today they’re announcing a $4M Seed round led by NFX. Here are 3 reasons why we’re backing them. 1. The Pain is Large Despite 40+ years of accounting aut...

11/08/2022

https://www.webwire.com/ViewPressRel.asp?aId=296385

Today Cherry emerged from stealth with $4 million in seed funding led by NFX to scale its digital business network that enables live tracking of invoices and payments while eliminating manual processes. The invisible network works behind the scenes and acts as a centralized clearinghouse that connec...

11/08/2022

https://www.axios.com/pro/fintech-deals/2022/11/08/cherry-4-million-payment-automation

Small to medium businesses still primarily pay on paper.

05/01/2022

Announcing our name change.

We're now officially Cherry.

10/01/2021

If You're still Sending Paper checks, it's time to move to vChecks, completely integrated, with no manual labor, and you have real-time tracking.

Postmaster General Louis DeJoy's 10-year plan is aimed at cutting costs. Critics call it "disastrous."

09/20/2021

Final vChecks are now embedded in your online banking, Shtar vChecks are now embedded in you online banking.

When automation, transparency, and convenience are the priority, we'll not stop until we deliver the best user experience.

Thanks to the entire SHTAR.com team for the effort in making this happen.

a vCheck gives you more transparency and control than a Check and it is digital end to end.