PayRecs provides a Software-as-a-Service (SaaS) platform that automates the tedious and error-prone process of bank reconciliation. By leveraging AI, the software connects to a company's bank accounts and accounting systems (such as Xero and QuickBooks) to automatically match incoming payments with their corresponding invoices. The company's mission is to save finance teams significant time, reduce manual errors, improve cash flow visibility, and streamline financial closing processes for businesses of all sizes.