--- title: Payments & Collections | Technology that transforms client invoicing. description: Aiwyn powers leading accounting firms with a smarter work-to-cash cycle for payments and collections. image: https://explore.aiwyn.ai/hubfs/Aiwyn%20Home%20Featured%20Image.jpg --- - [ Why Aiwyn ](https://explore.aiwyn.ai/why-aiwyn) - Solutions - - PracticeOS The future of practice management - - Payments & Collections - Engagement Letters - - Billing & AR Management - Project & Time - [ Resources ](https://explore.aiwyn.ai/resources) - [ About ](https://explore.aiwyn.ai/about) - Support - - Support Find the answers you need or submit a support ticket through Aiwyn's knowledge hub, with dedicated portals for both firms and their clients. - - For Clients - For Firms - [![Contact Us](https://no-cache.hubspot.com/cta/default/7650463/8920a8ff-e4b1-4b2a-ab08-1bae3df9de5a.png)](https://cta-redirect.hubspot.com/cta/redirect/7650463/8920a8ff-e4b1-4b2a-ab08-1bae3df9de5a) - [ Why Aiwyn ](https://explore.aiwyn.ai/why-aiwyn) - Solutions - - PracticeOS The future of practice management - - Payments & Collections - Engagement Letters - - Billing & AR Management - Project & Time - [ Resources ](https://explore.aiwyn.ai/resources) - [ About ](https://explore.aiwyn.ai/about) - Support - - Support Find the answers you need or submit a support ticket through Aiwyn's knowledge hub, with dedicated portals for both firms and their clients. - - For Clients - For Firms - [![Contact Us](https://no-cache.hubspot.com/cta/default/7650463/8920a8ff-e4b1-4b2a-ab08-1bae3df9de5a.png)](https://cta-redirect.hubspot.com/cta/redirect/7650463/8920a8ff-e4b1-4b2a-ab08-1bae3df9de5a) [![Aiwyn-LinkedIn-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-LinkedIn-Icon.png?width=62&height=62&name=Aiwyn-LinkedIn-Icon.png) ](https://www.linkedin.com/company/aiwyn/) [![Aiwyn-FaceBook-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-FaceBook-Icon.png?width=62&height=62&name=Aiwyn-FaceBook-Icon.png) ](https://web.facebook.com/people/Aiwyn/61552103733425/?_rdc=1&_rdr) [![Aiwyn-X-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-X-Icon.png?width=62&height=62&name=Aiwyn-X-Icon.png) ](https://twitter.com/AiwynAI) [![Aiwyn-Instagram-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Aiwyn-Instagram-Icon.png?width=62&height=62&name=Aiwyn-Instagram-Icon.png) ](https://www.instagram.com/aiwynai/) # Payments & Collections ![Aiwyn-Pay-It-Forward@2x](https://explore.aiwyn.ai/hubfs/Images%20-%20Punch/Aiwyn-Pay-It-Forward@2x.png) ## Aiwyn powers leading accounting firms with a smarter work-to-cash cycle. 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. [Speak to an Expert ](https://explore.aiwyn.ai/speak-with-an-expert) ## Life without Aiwyn **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. **Reduce days sales outstanding** and increase late fee collection by **50%** with Aiwyn. ## Meet Your New Client Portal ![Aiwyn-Forget-The-Friction-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-Forget-The-Friction-Icon.png?width=80&height=80&name=Aiwyn-Forget-The-Friction-Icon.png) ##### 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. ![Aiwyn-Extinguish-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-Extinguish-Icon.png?width=80&height=80&name=Aiwyn-Extinguish-Icon.png) ##### 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. ![Aiwyn-Tailor-the-Message-icon-@2x](https://explore.aiwyn.ai/hs-fs/hubfs/Aiwyn-Tailor-the-Message-icon-@2x.png?width=160&height=160&name=Aiwyn-Tailor-the-Message-icon-@2x.png) ##### 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. ### Collections automates away the manual tasks and awkward collections calls so firms get paid faster. - **No more collection calls** - Collect cash faster with online payments - Proactively improve client relationships and address issues with custom dashboards - No need to tap into your credit line (and pay interest) - Responsibly surcharge for credit card payments and processing fees - Enforce and standardize late fees to align with best practices ## How Payments & Collections Works 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. ![Aiwyn-Deliver@2x](https://explore.aiwyn.ai/hubfs/Images%20-%20Punch/Aiwyn-Deliver@2x.png) Reduce friction with one portal and flexible payment options Deliver the modern payment experience clients expect. ![Aiwyn-Reduce-Friction@2x](https://explore.aiwyn.ai/hubfs/Images%20-%20Punch/Aiwyn-Reduce-Friction@2x.png) 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](https://explore.aiwyn.ai/hubfs/Aiwyn-Clients-Engagement-collect-outstanding@2x.png) Automatically reconcile every paid invoice Save precious time and reduce human error. ![Aiwyn-Clients-Engagement-Automatically-reconcile-every-paid-invoice@2x](https://explore.aiwyn.ai/hubfs/Aiwyn-Clients-Engagement-Automatically-reconcile-every-paid-invoice@2x.png) ## Success Story ![Aiwyn-Cherrie-Arrington-Testimonial](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-Cherrie-Arrington-Testimonial.jpg?width=150&height=150&name=Aiwyn-Cherrie-Arrington-Testimonial.jpg) ###### 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 ### Finally, a payment experience that makes sense. [Speak to an Expert ](https://explore.aiwyn.ai/speak-with-an-expert) ![Aiwyn-Payments-Collections-finally-a-payment-experience-that-makes-sense@2x](https://explore.aiwyn.ai/hubfs/Aiwyn-Payments-Collections-finally-a-payment-experience-that-makes-sense@2x.png) Aiwyn helps leading accounting firms automate their practice to improve billing processes, speed up cash flow, and delight clients. [![Aiwyn-LinkedIn-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-LinkedIn-Icon.png?width=62&height=62&name=Aiwyn-LinkedIn-Icon.png) ](https://www.linkedin.com/company/aiwyn/) [![Aiwyn-FaceBook-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-FaceBook-Icon.png?width=62&height=62&name=Aiwyn-FaceBook-Icon.png) ](https://web.facebook.com/people/Aiwyn/61552103733425/?_rdc=1&_rdr) [![Aiwyn-X-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Images%20-%20Punch/Aiwyn-X-Icon.png?width=62&height=62&name=Aiwyn-X-Icon.png) ](https://twitter.com/AiwynAI) [![Aiwyn-Instagram-Icon](https://explore.aiwyn.ai/hs-fs/hubfs/Aiwyn-Instagram-Icon.png?width=62&height=62&name=Aiwyn-Instagram-Icon.png) ](https://www.instagram.com/aiwynai/) - - [Why aiwyn ](https://explore.aiwyn.ai/why-aiwyn) - [Resources ](https://explore.aiwyn.ai/resources-old) - [Solutions ](https://explore.aiwyn.ai/solutions) - [Payments & Collections ](https://explore.aiwyn.ai/solutions/payments-collections) - [Engagement Letters ](https://explore.aiwyn.ai/solutions/engagement-letters) - [Billing & AR Management ](https://explore.aiwyn.ai/solutions/billing-ar-management) - [PracticeOS Marketplace ](https://explore.aiwyn.ai/solutions/practiceos-marketplace) - - [About ](https://explore.aiwyn.ai/about) - [Careers ](https://explore.aiwyn.ai/about/careers) - [Contact us ](https://explore.aiwyn.ai/contact) - Support - [For Clients ](https://www.clientsupport.aiwyn.ai/hc/en-us) - [For Firms ](https://www.firmsupport.aiwyn.ai/hc/en-us) © Copyright Aiwyn 2024 [Terms and Conditions](https://explore.aiwyn.ai/terms-of-service)  |  [Privacy Policy](https://explore.aiwyn.ai/privacy-policy)