Inwisely vs Chaser 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.

Chaser

Chaser is a comprehensive accounts receivable automation platform designed to assist businesses in managing outstanding invoices and reducing debtor days through intelligent automation. The platform leverages advanced AI to deliver features such as automated email and SMS payment reminders, late payment prediction, credit monitoring, and optimized chasing schedules to ensure timely collections.

With seamless integrations with major accounting software, Chaser allows users to automate receivable workflows, conduct credit checks, forecast revenue, and facilitate payments via a dedicated portal. Flexible pricing plans and dedicated credit control support help companies of all sizes streamline their credit management processes and maintain strong customer relationships.

Pricing

Inwisely Pricing

Paid

From $139

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

Chaser Pricing

Paid

From $50

Chaser offers Paid pricing with plans starting from $50 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

Chaser

Automated Invoice Chasing: Automatically send payment reminders via email, SMS, letters, and auto-calls.
AI-Powered Late Payment Prediction: Analyze customer behavior to forecast late payments.
Credit Monitoring: Monitor customer credit and assess payer risk ratings.
Revenue Forecasting: Anticipate future cash flow based on receivables analysis.
Customizable Workflows: Create automated, multi-step receivable processes.
Payment Portal: Provide a dedicated portal for customers to pay invoices.
Integrated Accounting System: Seamlessly connect with popular accounting software.
Professional Services: Access dedicated credit control specialists and debt collection support.
Early Payment Discounts: Offer incentives for customers to pay before the due date.
Real-Time Debtor Tracking: Track and manage receivables and outstanding payments in real time.

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

Chaser Use Cases

Automating invoice payment reminders to reduce administrative workload.
Forecasting cash flow by predicting late payments using AI analytics.
Managing accounts receivable workflows for finance teams and accountants.
Enabling customers to pay invoices through an online payment portal.
Monitoring customer credit and setting optimal chasing times for payments.
Outsourcing debt collection and credit control for better payment recovery.
Supporting bookkeepers in managing multiple client receivable processes.
Enhancing accuracy by integrating data with accounting systems.

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.

Chaser FAQs

Which accounting systems does Chaser integrate with?

Chaser offers integrations with major accounting software such as Xero, QuickBooks, Sage, Dynamics 365 Business Central, SAP, Financial Force, Epicor, AccountsIQ, and Zapier.
What types of payment reminders can Chaser send?

Chaser can send automated payment reminders through email, SMS, letters, auto-calls, and in-app phone calls.
Does Chaser offer services for debt collection and dedicated credit control?

Yes, Chaser provides professional services including debt collection support and access to dedicated credit control specialists.
How does the platform help improve cash flow?

By automating payment chasing and providing real-time debtor tracking, Chaser reduces debtor days and ensures faster payments, thus improving cash flow.
Is a free trial available for Chaser?

Yes, Chaser offers a risk-free trial so businesses can experience its accounts receivable automation software.