Gaviti Review
What is Gaviti?
Gaviti is an accounts receivable software built to fully automate and audit the AR collection process. Equipped with tools like collection workflows, AP assistants, and collection task management, this platform can streamline the AR process from start to finish so you don’t have to worry about high days sales outstanding (DSO), overdue invoices, and unpredictable cash flow. It also comes with analysis and improvement tools that help you identify any hurdles that cause delayed payments and open invoices.
The AR automation platform provided by Gaviti uses workflow metrics to analyze the patterns in client payment behavior and ultimately optimize the entire process. With this, companies can have a single source of truth that let them take charge of collection processes. In addition, a payment portal is provided for faster AR collection. The shortened sales-to-payment cycle results in accelerated cash flow, which has a positive effect on overall company operations.
As a platform for AR teams, Gaviti helps companies establish an efficient payments collections system by providing a solution that provides full visibility of processes. The accessible real-time snapshot of AR from the Gaviti dashboard ensures that teams have full control of the cash flow.
This AR collection solution, however, does not only take into account work processes but also the context of customers, their location, company size, as well as their risk score. By customizing the collection process based on the characteristics of each customer, Gaviti eliminates high DSO, enables companies to predict cash flow, and delivers insights that can continually improve the collection process.
Gaviti is easy to use and is completely ERP-agnostic, allowing it to seamlessly integrate with your existing system. It serves small and medium-sized, and large enterprises that are in the B2B services, including wholesale and distribution, manufacturing, transportation, technology, and logistics, among others.
For pricing, Gaviti offers three quote-based plans, which are designed to accommodate unique company requirements—Standard, Pro, and Expert. Premium features offering tools to accelerate collection are included in the Pro and Expert pricing plans.
Show MoreOverview of Gaviti Benefits
Optimizes Cash Flow
Outstanding invoices and delayed payments are often the results of inefficient collection systems. Once the collection process becomes automated, businesses are able to identify workflow areas that need to be improved. These obstacles can be addressed by the Gaviti platform. Optimizing the AR process will not just benefit the accounting and finance teams, but the optimized cash flow will provide resources and create more investment opportunities for the business. Moreover, Gaviti has a payment portal that can be integrated with payment gateways, which ensures faster collection.
Cuts Down Sales-to-Payment Cycle
The single source of information as provided by the Gaviti platform shortens the time it takes to collect accounts receivables by setting up an automated collection process and designing an effective communication system with customers. Armed with insights on customer location, size, and risk score, businesses can send the right messages to the right customer at the right time, which results in optimized collection processes.
Reduces Overdue Invoices
Overdue invoices negatively affect cash flow. Gaviti significantly reduces DSO and receivables at risk. By eliminating repetitive and inefficient manual collection practices and streamlining the AR collection process, DSO is improved, which also decreases reserves and write-offs.
Improves Visibility and Enhances Control
Automating processes significantly improves control and visibility. When teams are effective in managing accounts receivables, it fast tracks the collection process. At the same time, control of the entire collection cycle is enhanced by the highly-visible work processes.
Enhances Relationship with Customers
The AP assistant tool takes care of communicating with customers on their accounts payable. With the optimized collection process, businesses are able to send personalized messages to customers. This eliminates time spent on dunning. Instead, customers are sent reminders ahead of time on their upcoming payables. The real-time data collection on customer payment behavior provides additional insights for businesses to prepare data-driven collection strategies.
Accurate Cash Flow Predictions
Gaviti allows you to track the history of payments to accurately forecast future cash flows. The real-time insights provided by the automated collection process, plus, multiple integrations with ERP and accounting platforms provide visibility. These capabilities ensure that, at any given time, your business will get the exact status of your finances.
Show MoreOverview of Gaviti Features
- Automated AR collection management
- Collections task management
- Dynamic client risk scoring
- Collection workflow analysis
- Accounts payable assistant
- Payment gateway integration
- Internal and external personas for customizing messages
- Custom security policy
- Multiple integrations
- DNS integration
- AP assistant
- Payment gateway
- Custom fields
- Payment forecasting
What Problems Will Gaviti Solve?
Problem #1. Delayed payments due to tedious invoice processing
Solution: Manual invoicing and AR collection can lead to errors in processing, which, in turn, causes delayed payments. To remedy this, Gaviti initiates automatic workflows once an invoice is sent to clients. This ensures efficient workflows for the finance and accounting teams, reduces DSO, and avoids missing invoices.
Problem #2. No visibility into collections team performance.
Solution: Gaviti provides a full dashboard that includes all the essential KPIs needed for AR collections teams. These include total AR, DSO, outstanding invoices, closed invoices, aging reports, payment forecasting, and more.
Problem #3. Payment redirection fraud and lack of communication regarding specific invoices.
Gaviti provides a payment portal for customers, making the payment process simple, fast, and secure. Within the portal, customers can make payments, express intention to pay, or provide feedback regarding specific invoices.
Awards & Quality Certificates
Gaviti Position In Our Categories
Keeping in mind businesses have distinctive business wants, it is rational they abstain from seeking an all-in-one, ”best” system. Nevertheless, it is almost impossible to stumble on such an app even among sought-after software systems. The efficient step to do should be to write down the numerous major aspects which require examination like essential features, packages, technical skill capability of the users, organizational size, etc. The second step is, you should conduct your product research thoroughly. Browse over some Gaviti analyses and scrutinize the other solutions in your list in detail. Such well-rounded research can make sure you circumvent poorly fit applications and subscribe to the one that provides all the benefits your business requires for optimal results.
Position of Gaviti in our main categories:
TOP
100
Gaviti is one of the top 100 Accounting Software products
TOP
50
Gaviti is one of the 50 Online Accounting Software products
It's essential to realize that almost no service in the Accounts Receivable Software category will be an ideal solution that can match all the needs of all business types, sizes and industries. It may be a good idea to read a few Gaviti Accounts Receivable Software reviews first as specific services can excel just in a really small group of applications or be prepared with a really specific industry in mind. Others might function with a goal of being simple and intuitive and as a result lack complicated features welcomed by more experienced users. You can also come across apps that focus on a wide group of users and provide a complex feature toolbox, but this frequently comes at a higher price of such a software. Be certain that you're aware of your requirements so that you choose a solution that provides all the features you search for.
How Much Does Gaviti Cost?
Gaviti Pricing Plans:
Free Trial
Standard Edition
By quote
Pro Edition
By quote
Expert Edition
By quote
What are Gaviti pricing details?
Gaviti Pricing Plans:
Free Trial
Standard Edition
By quote
Pro Edition
By quote
Expert Edition
By quote
Gaviti offers three pricing plans that are available by quote. They are priced depending on the functionalities you require. For instance, the entry-level Standard Edition provides the base features, the Pro Edition includes premium features, while the Expert Edition offers a dedicated CSM and unlimited entities.
Standard Edition – By Quote
- Automated AR collections management
- Dynamic client risk scoring
- Collections task management
- Collect workflow analysis and improvement
- AP Assistant
- Payment Gateway Integration
- Unlimited users, clients, contacts, and workflows
Pro Edition – By Quote
- Standard edition inclusions
- Any three additional premium features
Expert Edition – By Quote
- Standard and Pro editions inclusions
- All premium features
- Unlimited entities
- Dedicated CSM
Available Premium Features
The premium features that users can choose from are:
- Internal personas
- External personas
- Custom security
- Custom fields
- DMS integration
- Payment forecasting
User Satisfaction
Positive Social Media Mentions
45
Negative Social Media Mentions
2
We are aware that when you make a decision to buy a Accounts Receivable Software it’s crucial not only to see how experts score it in their reviews, but also to check if the actual people and businesses that bought these solutions are actually happy with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Gaviti reviews across a wide range of social media sites. The information is then displayed in an easy to understand way indicating how many users had positive and negative experience with Gaviti. With that information available you will be equipped to make an informed purchasing decision that you won’t regret.
Video
Screenshots
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Gaviti?
Gaviti primarily integrates with enterprise resource planning software. As it is ERP-agnostic, it can work with any system you have whether it is deployed on-premise or on the cloud. Some of these ERPs include:
- QuickBooks
- Sage Intacct
- NetSuite
- SAP
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