Drypowder, a fintech Software as a Service (SaaS) company, has announced the launch of its accounts receivable (AR) automation and payment acceptance platform. Designed for businesses in sectors such as lumber, building materials, and construction distribution, the platform aims to streamline invoicing workflows, simplify online payment collection, and provide teams with faster, clearer visibility into their ledgers for managing receivables.
"Building technology that cares about the people who use it was our motivation," says Kevin Ehinger, co-founder and CEO of Drypowder. "This platform began as a question: how might we give skilled teams simple tools that free them from repetitive work and let them focus on relationships and judgment? The answer guided a shift from a payments tool into a broader set of capabilities that augment human expertise and create clearer pathways for sensible financial decisions."
As an AR and payments workflow solution, Drypowder's new platform connects with specialized Enterprise Resource Planning (ERP) systems common in certain trade-focused industries. It digitizes invoicing, payment collection, reminder flows, and financial reporting while enabling Automated Clearing House (ACH) and card acceptance, in lue of check payments. By automating routine collection tasks and presenting up-to-the-minute financial information, the platform is intended to support existing team roles, helping staff work more strategically.
Building on these workflow enhancements, Drypowder emphasizes integration and transparency as the foundation of its approach. The platform delivers a unified set of features that extend the capabilities of traditional accounting systems. It can synchronize with vertical ERPs, so invoice and account records move more efficiently between systems, which is designed to reduce administrative effort.
Meanwhile, Drypowder's customer-facing digital payment portal can help accelerate settlement while providing clearer visibility into payment status for both payers and collectors. Automated reminders and digital collection workflows are made to create an audit-ready record that supports easier tracking and reconciliation, offering teams a more reliable and streamlined process.
The platform is built with a security-focused foundation, employing encryption and controls to safeguard payment details while directing funds directly to customers' virtual wallets, which then gets automatically swept into their bank account. Reconciliation tools and a persistent audit trail are designed to simplify closing cycles and support transparent recordkeeping across teams.
"Our platform grew directly out of what early users told us," says Ehinger. "It started with a focus on payments, and as practitioners shared their needs, it naturally expanded to include credit handling, coordinated collections, and workflow guidance." The team is developing a Customer Relationship Management (CRM) platform designed to show actionable insights, suggest next-best actions, store conversation history, and help optimize customer communications, enabling teams to be more deliberate and consistent in their outreach.
This commitment to evolving alongside customer needs reflects the background and philosophy that shaped Drypowder from the start. Ehinger founded the company after a career that blended hands-on finance and treasury work with leadership in enterprise software. Those experiences shaped a customer-led philosophy that emphasizes listening closely to practitioners about the challenges they want solved, then designing tools that address those operational priorities. This perspective guided a focus on mid-market and smaller businesses, with solutions tailored to the way their teams operate and decisions are made.
The platform's launch represents a step toward people-centered financial technology, where automation and integration can support the judgment and relationships that drive business forward. By combining industry-specific workflows with secure, transparent tools, the company positions itself to help mid-market and smaller enterprises strengthen receivables management and build more resilient financial operations.
Drypowder plans to expand its suite of integrations, grow engineering and customer-facing resources, and seek capital to support scaling. Its growth path includes demonstration projects, pilot engagements, and partnerships designed to accelerate rollout while seeking to build a reputation for being straightforward and service-oriented.
