The award-winning AI platform company announces two innovative and intelligent solutions to further revolutionize the work-to-cash cycle for accounting firms.
Charlotte, NC – February 2nd, 2022 –Aiwyn, a leading technology company helping accounting firms streamline their work-to-cash cycle and practice management operations with artificial intelligence (AI), today announces two new solutions built on the company’s award-winning Intelligence-Based BillingTM (IBB) platform: Aiwyn “Smart Mail” and Aiwyn “Virtual Lockbox.”
Aiwyn Smart Mail is a “one-click mailing” solution that automatically prints, folds and packages, and mails invoices, statements, and other correspondence directly to clients on behalf of firm staff. Smart Mail also automatically validates addresses, tracks delivery, and reports status and trends. Firm administrators and finance leaders can integrate Smart Mail directly into their current deployments of Aiwyn’s IBB platform, enabling them to send invoices via email with Aiwyn’s “Collections'' solution and via paper with Smart Mail — this option for a dual-approach can help firms save time, reduce costs, and ensure document deliverability.
Aiwyn's Virtual Lockbox offers a network of dedicated, secure lockboxes for firms to more easily and quickly receive and process client check payments. With Virtual Lockbox, client check payments can be sent to secure locations nationwide where checks are automatically scanned, digitized, and deposited each day. Virtual Lockbox is built on Aiwyn’s IBB platform, and when used alongside Aiwyn's “Payments” solution finance teams can automatically reconcile offline check payments and online digital payments (credit card, ACH) in their practice management system through one unified solution suite.
Launched in 2021, Aiwyn’s IBB platform has now been introduced to dozens of Top400-ranked firms, and is delivering measurable improvements to firm financial health (1/11/2022: “2021 Analysis, Testimonials Reveal Aiwyn Delivers ROI in Less Than 30 Days”). With the addition of the Smart Mail and Virtual Lockbox solutions, Aiwyn is further advancing its mission to unlock time and money for accounting and other professional services firms.
“We’re fanatical about building solutions from the ground-up to solve real problems.” says Pat Morrell, CRO of Aiwyn. “After we launched the IBB platform, customers immediately started asking us to tackle issues related to offline invoice distribution and check reconciliation. This all ties back into a fundamental need firms have to improve and simplify their work-to-cash cycle. Our integrated platform is uniquely positioned to tackle this “paper-to-digital” divide, and when we saw the pain these solutions could relieve for our customers, especially when Smart Mail and Virtual Lockbox are used alongside our existing IBB solutions, we went all in to quickly bring them to market.”
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About Aiwyn
Aiwyn helps top-ranked professional services firms revolutionize their work-to-cash cycle, resulting in faster cash flow firm-wide, more productive and fulfilled professionals, and a superior client experience. With Aiwyn's Intelligence-Based Billing™ (IBB) platform, high-value firm executives, partners, and staff are liberated to deliver more value to clients and work at the highest end of their professional expertise. Aiwyn offers a suite of solutions built on the IBB platform that speed up the client payment cycle and provide firm leaders with predictive insights to drive smarter strategic growth decisions. Benefits of Aiwyn to accounting and law firms firms: partners can save time, bill faster, and shed administrative headaches; finance leaders can reduce days-in-WIP and days-in-AR, speed up client payments, and smooth out cash flow; executives can better protect financial health with predictive insights and controls, and improve their firm reputation by offering best-in-class experiences to clients.