Inwisely vs AR Collect Detailed comparison features, price

Inwisely

Inwisely revolutionizes accounts receivable management by providing a comprehensive automation solution that helps businesses improve their cash flow by 40% and collection effectiveness by 45%. The platform automates payment reminders, tracks invoice lifecycles, and delivers real-time analytics for better financial decision-making.

Through intelligent workflows and accounting tool integrations, Inwisely enables organizations to maintain better control over their receivables while reducing the manual effort typically associated with invoice follow-ups and collections. The platform offers detailed insights into key metrics such as Days Sales Outstanding, Collection Effective Index, and Bad Debt Ratio, helping businesses optimize their accounts receivable processes.

AR Collect

AR Collect is an advanced accounts receivable automation app designed specifically for QuickBooks Online and Desktop users. The platform automates invoice management by sending customizable payment reminders, tracking all customer communications, and enabling fast, secure online payments through credit card or ACH transactions. Users can categorize customers, assign statuses, and keep detailed notes on each account, ensuring that collections are efficient, organized, and always up to date.

With AR Collect, businesses gain accurate cash flow forecasting, full email history tracking, and effortless receivables management from anywhere. Its powerful features such as automated email templates, smart reminders, and real-time customer response recording make it easy to accelerate collections while minimizing manual effort. Integration with QuickBooks ensures seamless financial workflow and robust data management for businesses of all sizes.

Pricing

Inwisely Pricing

Paid

From $139

Inwisely offers Paid pricing with plans starting from $139 per month .

AR Collect Pricing

Free Trial

From $40

AR Collect offers Free Trial pricing with plans starting from $40 per month .

Features

Inwisely

Automated Payment Reminders: Intelligent follow-up system for overdue invoices
Real-time Analytics Dashboard: Comprehensive view of receivables metrics
Accounting Tool Integration: Compatible with multiple accounting platforms
Customer-specific Workflows: Customizable collection processes
Invoice Lifecycle Tracking: Complete visibility of invoice status and history
Debtor Categorization: Organized classification of debtors
Email Intelligence: Smart communication management
Performance Metrics: Tracking of DSO, CEI, and bad debt ratio

AR Collect

Automated Payment Reminders: Sends advance and overdue invoice reminders based on payment status.
Online Payments: Allows customers to pay via credit card or ACH through secure payment links.
Customizable Email Templates: Offers ten customizable templates with automated fields for streamlined communication.
Customer Categorization: Enables grouping of customers for targeted communications and reminders.
Notes History: Tracks all collections notes and customer interactions for each account.
Cash Flow Forecasting: Provides accurate projections based on customer promises to pay.
Customer Response Tracking: Automatically records and displays all customer responses within the system.
Seamless QuickBooks Integration: Supports both QuickBooks Online and Desktop platforms.
Status Assignment: Assigns and updates statuses per customer for improved accounts management.
Comprehensive Search & Filter: Sorts, filters, and searches receivables database for easy access.

Use Cases

Inwisely Use Cases

Automating payment reminder communications
Tracking and analyzing accounts receivable metrics
Managing customer payment promises
Monitoring collection effectiveness
Streamlining invoice follow-up processes
Reducing Days Sales Outstanding
Improving cash flow management

AR Collect Use Cases

Automating invoice reminder emails to customers with overdue accounts.
Collecting online payments quickly through integrated payment links.
Tracking customer communication and notes for streamlined collections.
Categorizing customers to apply tailored remarketing or collections strategies.
Generating accurate cash flow forecasts to assist in business planning.
Accessing and managing receivables remotely for distributed finance teams.
Utilizing QuickBooks Online and Desktop integration for financial workflow continuity.

FAQs

Inwisely FAQs

Which accounting tools does Inwisely integrate with?

Inwisely integrates with most accounting tools and can implement new integrations within a week if a specific tool is not currently supported.
What improvement in cash flow can I expect?

According to the platform's statistics, businesses can improve their cash flow by 40% and collection effectiveness by 45%, while reducing DSO by 30%.
What's included in the Standard plan?

The Standard plan includes actionable insights on overdue invoices, real-time receivable analytics, automated payment reminders, customer-specific workflows, accounting tool integration, tech support, debtor categorization, and limited users.

AR Collect FAQs

Does AR Collect work with both QuickBooks Online and Desktop?

Yes, AR Collect is compatible with both QuickBooks Online and QuickBooks Desktop versions, providing seamless integration for accounts receivable management.
Are online payments processed securely through AR Collect?

Yes, AR Collect enables secure online payment processing via credit card and ACH, with surcharging options available for card payments.
Is there a free trial available?

Yes, AR Collect offers a 30-day free trial with unrestricted access and support. No credit card is required to get started.
Can email reminders and templates be customized?

Yes, users can customize up to ten email templates with automated fields and create targeted reminder sequences for specific customer groups.