Inwisely

What is Inwisely?

Inwisely is an AI-powered accounts receivable automation platform designed to streamline invoice communications, payment follow-ups, and overall accounts receivable management. It helps businesses improve their cash flow, collection effectiveness, and reduce Day Sales Outstanding (DSO).

How Does Inwisely Work?

Inwisely automates the entire invoice lifecycle, from creation to payment. Here's a breakdown:

1. Invoice Creation: Invoices are created as usual within your existing accounting system.
2. Automated Reminders: Inwisely automatically sends payment reminders to customers based on pre-defined workflows. These reminders can be customized and personalized.
3. Promise Tracking: Inwisely tracks payment promises made by customers and sends reminders leading up to the promised payment date.
4. Real-Time Analytics: The platform provides real-time analytics on key receivables metrics such as DSO, collection effectiveness index, average days late, and bad debt ratio.
5. Accounting Tool Integration: Inwisely integrates with popular accounting tools, ensuring seamless data flow.

Key Features and Benefits of Inwisely

• Improved Cash Flow: By automating payment follow-ups, Inwisely helps businesses get paid faster, improving their cash flow.
• Increased Collection Effectiveness: Automated reminders and personalized communication workflows lead to higher collection rates.
• Reduced DSO: Inwisely helps reduce Day Sales Outstanding (DSO), a key metric for measuring the efficiency of accounts receivable management.
• Real-Time Analytics: Track key receivables metrics in real-time to identify trends and areas for improvement.
• Accounting Tool Integration: Seamless integration with popular accounting tools eliminates manual data entry and ensures data accuracy.
• Actionable Insights: Gain insights into overdue invoices and customer payment behavior to make informed decisions.
• Customer-Specific Workflows: Tailor payment reminder workflows to individual customer needs.

Who is Inwisely For?

Inwisely is designed for businesses of all sizes, including startups, SMBs, and mid-market companies, that are looking to improve their accounts receivable management. It is particularly beneficial for businesses that:

• Struggle with late payments
• Spend too much time on manual payment follow-ups
• Want to improve their cash flow
• Need better visibility into their receivables metrics

Why Choose Inwisely?

• AI-Powered Automation: Inwisely uses AI to automate key accounts receivable tasks, saving businesses time and resources.
• Proven Results: Customers have reported significant improvements in cash flow, collection effectiveness, and DSO.
• Easy to Use: The platform is intuitive and easy to use, with a user-friendly interface.
• Excellent Support: Inwisely provides excellent tech support to help customers get the most out of the platform.
• Integration with Accounting Tools: Inwisely integrates with most accounting tools, ensuring seamless data flow.

Pricing Plans

Inwisely offers two pricing plans:

• Standard: $139/month, includes actionable insights, real-time analytics, automated payment reminders, customer-specific workflows, accounting tool integration, and excellent tech support.
• Standard Plus: Custom pricing, includes all Standard features plus on-premise deployment (optional), supported onboarding, email intelligence, invoice insights, and unlimited users.

Testimonials

"95% of all the invoices we followed up using Inwisely have been paid. It saves me so much time that I would be spending in following up with the customers. That's so relieving." - Amr Nashawi, Division Manager, Masader Mutli

Take Control of Your Cash Flow with Inwisely

Don't let unpaid invoices and receivables hold your business back. With Inwisely, you can streamline invoice management, reduce DSO, and boost collection effectiveness. Try Inwisely today and experience the difference!

Before you hire more in the AR team, give Inwisely a try - #BeWisely by using Inwisely!