MyiQ.Ai vs Inwisely Detailed comparison features, price

MyiQ.Ai

MyiQ.Ai stands as a leading invoice automation platform that leverages the strengths of machine learning to redefine efficiency in invoice processing. By meticulously training models, refining data pre-processing, and ensuring seamless integration with existing ERP systems, the software eradicates manual data entry, time-consuming validation, and error-prone tasks.

The platform's homegrown ML and AI engine propels businesses towards automation, achieving impressive outcomes such as 99% uptime, 95% accuracy, and processing capacities of over a thousand invoices per minute, while tapping into massive cost reductions of up to 60%.

The software's advanced AP Automation capabilities ensure effortless integration, immediate workflow optimization, and precise accuracy, meeting compliance standards with ease. It's not just about reducing errors; it's about scaling with your business needs, providing real-time insights, and delivering customer support that ensures your continued success.

With MyiQ.Ai, experience rapid implementation of Plug and Play functionality, robust reporting, and a flexible API library that complements a range of ERP systems such as SAP, Oracle, MS Dynamics, and more. Your path to secure, optimized, and compliant invoice automation starts here.

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.

MyiQ.Ai

Pricing

Free Trial

Inwisely

Pricing

Paid

From 139$

MyiQ.Ai

Features

Plug and Play Functionality: Eliminates complex setup requirements for ease of integration
Machine Learning Engine: Uses AI and deep learning algorithms for increased efficiency and accuracy
Seamless ERP Integration: Compatible with various industry-leading ERP systems
Flexible API Library: Provides APIs for easy data exchange and application integration
Enhanced Data Security: Ensures sensitive information is securely stored and protected
Real-time Visibility and Reporting: Offers insights for data-driven decision-making

Inwisely

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

MyiQ.Ai

Use cases

Streamlining accounts payable workflows
Automating invoice data entry and validation
Enhancing compliance and error handling in invoicing
Improving operational efficiency in financial departments
Scaling business processes with growing invoice loads

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

MyiQ.Ai

FAQs

What are the key features of the software?

The software offers plug and play functionality, a machine learning engine, seamless ERP integration, a flexible API library, enhanced data security, and real-time visibility and reporting.

How can this software benefit businesses?

It can streamline accounts payable workflows, automate invoice data entry and validation, enhance compliance and error handling in invoicing, improve operational efficiency in financial departments, and scale business processes with growing invoice loads.

Which ERP systems is the software compatible with?

The software is compatible with various industry-leading ERP systems such as SAP, Oracle, MS Dynamics, and more.

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.