Gaviti Pricing Packages: What’s Included in Its Quote-Based Plans?

Minding the cash flow has never been more critical to business survival these days with recession fears and high inflation roiling the market.  But with AR automation software, you can collect what is owed to you more efficiently and gain greater cash control.

That’s why checking out a tool like Gaviti is a step forward to sailing past the storm with more certainty amidst a global economy troubled by supply chain woes and shaken by a pandemic.

Gaviti is an AR automation platform that streamlines the collection process by using workflow metrics and identifying and analyzing the patterns in client payment behavior. Among the premium features of Gaviti are the Internal and External Personas—communication tools that automatically send personalized messages to internal and external clients to expedite the collection process.

In this article, the quote-based Gaviti pricing packages will be discussed as well as the AR automation tools included in each package. The value-creating function of each feature will also be discussed to help you decide which package best suits your requirements.

Among finance professionals, 42.9% say that most of their accounting processes are still manual. While technology has permeated every area of their everyday activities, some business processes still lack modern tools that promote efficient operations.

For instance, there’s still a fraction of businesses that manually perform their AR processes. According to a survey of AR performance in 2021, there are 26 industry segments where at least 10% of their aging dollars are delayed by more than 90 days. Although this is not considered severely delinquent, still, slow collections impact business buoyancy. Staying on top of company collections is imperative for healthy finance and accounting management.

After all, maintaining essential cash reserves is one of the KPIs of AR teams. To be able to achieve this, efficiency holds the key, which can be achieved through automation. AR teams must make better use of their data to avoid unpaid invoices and take a proactive approach to collections by using AR software.

Overview of Gaviti

Gaviti is a software solution for collections teams that automate and audit the AR collection process. It is a SaaS company that helps you improve your AR collection process by analyzing your current workflow, identifying the choke points that cause delayed payments and open invoices, and improving processes through automation.

By initiating automatic AR workflows, Gaviti provides solutions to high days values outstanding (DSO), overdue invoices, unpredictable cash flow, and lack of insights in the collection process. The platform helps companies establish an efficient payments collections system by providing a solution that optimizes the collection process.

As an advanced AR software, Gaviti includes the management of late payments by sending automatic reminders to customers when their invoices are due. In addition, Gaviti makes it easy for businesses to get paid and for customers to send payments by providing payment gateway integration.

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The dynamic client risk scoring feature of Gaviti enables companies to predict cash flow and delivers insights that can continually improve the collection process. It is easy to use and it works with all ERP systems. With these in mind, Gaviti is ideal for small and medium-sized companies that are in the B2B services, including wholesale and distribution, manufacturing, transportation, technology, and logistics, among others.

Gaviti Standard Edition

This plan includes all the core features of Gaviti for automating AR collections management, its dynamic client risk scoring feature, and the management, analysis, and improvement of the collections process. All Gaviti pricing packages also include unlimited users, clients, and workflows.

Who is this plan ideal for?

For startups and small businesses, the full-featured Gaviti Standard Edition will help automate the collection process. As the company grows, this package will be able to eliminate cumbersome manual collection and digitally manage the AR collection process.

Dynamic Client Risk Scoring

The dynamic client risk scoring feature of Gaviti involves conducting a thorough review of the business context of each customer including the industry in which the customer operates, their costs, their processes, and how they manage their finances internally. From the information collected from this review, you can get insights that you can use to properly schedule your AR for each customer, which will also help you optimize your collection.

AP Assistant

The AP assistant feature of Gaviti lets you improve your engagement with clients’ accounts payables. By improving communication and by helping them address the hurdles that cause delayed payments, you can also solve your open invoices.

The Gaviti task management tool lets you see how your team has been interacting with each client.

Gaviti Pro Edition

The Pro Edition includes all the features of the Standard Edition plus, three additional premium features.

Who is this plan ideal for?

The Gaviti Pro Edition is suitable for medium-sized and high-growth businesses looking for a platform that can help them reduce the number of overdue invoices. Since the growing number of clients require improved work processes, the Gaviti Pro Edition’s more comprehensive feature set can deliver the tools needed to keep AR collection efficient.

Payment Gateway Integration

Compared to other payment options, transactions done through online payment portals are faster. An automated AR collection system that easily integrates with a payment gateway can significantly help optimize your cash flow. The payment gateway integration of Gaviti enhances the overall value delivered by the platform.

Custom Fields

Gaviti allows you to customize your AP monitoring dashboard so that it reflects your exact workflow. This facilitates easier onboarding and faster software adoption. Based on your most important KPIs, you can specify the fields that you want to see on your dashboard.

With Gaviti, you can monitor your AR status from a single dashboard.

Gaviti Expert Edition

The Expert Edition includes all the Standard and Pro Features plus, all the premium features. This plan also provides a dedicated CSM and unlimited entities.

Who is this plan ideal for?

The Gaviti Expert Edition, which includes all the premium features is ideal for mid-sized to large enterprises that require fully automated processes to handle large volumes of AR. Gaviti can improve communication with clients and provide multiple integrations to connect all data sources in one platform.

Multiple Integrations

This feature ensures Gaviti clients that the platform can easily synchronize data from multiple sources. This means that using Gaviti can seamlessly connect with other apps. Aside from eliminating the moving in and moving out of data within different platforms, it also ensures that you can access any data from anywhere.

Payment Forecasting

This feature is driven by client risk scoring. Once you have determined the ability to pay every client at a particular time in each billing cycle, you can then forecast payments. When you can track the history of payments, then you can accurately predict future cash flows.

Gaviti allows you to monitor the AR workflow and status of each customer.

Get Optimal AR Automation with the Gaviti Pricing Advantage

If you are looking for a platform that can effectively automate AR collection, Gaviti Standard Edition offers a full suite of tools that can streamline your workflow and eliminate manual processes. For bigger organizations that are looking for a solution that can reduce receivables at risk and overdue invoices, Gaviti Pro Edition will shorten your days’ sales outstanding by engaging your clients through consistent communication. Finally, the features of Gaviti Expert Edition will see to it that you will be able to focus on growing your business instead of chasing outstanding invoices.

Accounting software pricing varies depending on the type of platform. The quote-based Gaviti pricing packages assure businesses that investments will deliver high returns as this approach carefully conducts an assessment of the client’s requirements. It is also a guarantee to businesses that every tool and functionality will be used to maximize the capacity of the AR team in conducting collections. Increasing cash flow is the ultimate deliverable for AR teams, and Gaviti is the right tool that can help AR teams deliver.