CoSupport AI
What is 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.
Features
- 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
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
FAQs
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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.
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