Payments & Collections

Aiwyn’s Payments and Collections solution helps provide a better client experience and streamlines your collections process, integrating with your existing practice management system. Your clients can see their entire AR in one view, where they can make online payments, set up recurring payments, save payment methods, and pay multiple invoices at once – even across multiple business entities. Automatically create and send statements that include all unpaid AR with a one-click option for your clients.

23
%

Revenue stuck in firms’ Accounts Receivable (AR) at any given time.

4 Months

Firms’ average "Days Sales Outstanding" (DSO).

60
Hrs

Average time per month firms spend reconciling client payments.

Forget the Friction

A secure, friction-free way for clients and firms to clear overdue balances and save time in payment
posting and data reconciliation. Firms can automatically create and send statements that include all unpaid AR with one-click payment option for clients.

Extinguish the Fire Drill

Our payments portal will set off a custom sequence to send client invoices and payment reminders. Quiet the chaos of collecting payments with the scale of a centralized billing team with the bandwidth to focus on your clients.

Tailor the Message

Custom collections messaging allows firms to tailor messages based on the aging status of an invoice, allowing for a more nuanced approach, from gentle reminders to more assertive messages, as the situation demands. Firms can ‘cc’ or ‘bcc’ client partners or relevant parties based on specific aging thresholds to optimize the impact of each communication.

Deliver invoices to clients quickly

Shorten average time-to-pay, drive consistent cash flow.

Reduce friction with one portal and flexible payment options

Deliver the modern payment experience clients expect.

Collect outstanding AR with custom messaging in automated email reminders

Standardize overdue payments with tailored email reminders based on invoice aging status.

Automatically reconcile every paid invoice

Save precious time and reduce human error.

Deliver invoices to clients quickly

Shorten average time-to-pay, drive consistent cash flow.

Reduce friction with one portal and flexible payment options

Deliver the modern payment experience clients expect.

Collect outstanding AR with custom messaging in automated email reminders

Standardize overdue payments with tailored email reminders based on invoice aging status.

Aiwyn-Clients-Engagement-collect-outstanding@2x

Automatically reconcile every paid invoice

Save precious time and reduce human error.

Cherrie Arrington, Accountant, BRC

“Saving payment methods is highly valuable. And with the Collections module, our partners are excited for their clients to receive PDF copies of their invoice via email.”

32.8
%

Increase in Digital Payments
Year-Over-Year (YOY)

69
%

of invoices are paid within 7 days using Smart Statements

42
%

of late invoices are paid after one "collections" reminder

Aiwyn powers leading accounting firms with a smarter work-to-cash cycle.

Life without Aiwyn

Meet Your New Client Portal

Forget the Friction

Extinguish the Fire Drill

Tailor the Message

Collections automates away the manual tasks and awkward collections calls so firms get paid faster.

How Payments & Collections Works

Success Story

Cherrie Arrington, Accountant, BRC

Finally, a payment experience that makes sense.