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Description

Collections Management enables the automation of workflows tailored to individual customers, allowing for the centralization of accounts receivable and contact information. You can effectively target clients based on their balances, aging accounts, and additional criteria, while also emphasizing invoices that have been promised for payment. Moreover, it facilitates the tracking of customer interactions and necessary follow-up actions. Currently, nearly 3,200 clients are utilizing Collections Management, and we frequently encounter similar challenges faced by these customers in the debt collection process. These issues often include clients surpassing their payment deadlines, the time-consuming effort of pursuing overdue debts, and the overall burden of managing collections. By addressing these common obstacles, Collections Management seeks to streamline your collections procedure, enabling you to focus less on administrative tasks and more on enhancing cash flow for your business. In this article, we will outline the primary difficulties reported by customers and demonstrate how Collections Management can effectively address these challenges.

Description

Paystorm is an agentic AI-powered A/R automation platform built for SMEs that want fewer late payments and clearer cash visibility. Connect your accounting software, sync invoices, and let Paystorm prioritize risk, run follow-ups, and keep your collections moving. Core features - Client monitoring + real-time syncing and centralized client visibility - Late-payment risk detection based on invoice/payment history patterns - Automated reminders & communication, with recommended next steps - Collections actions: discounts, late fees, payment plans, and escalation suggestions - Dashboards: A/R health views and cash-flow forecasting How it works - Connect QuickBooks / Xero - Paystorm analyzes payment behavior and flags risk - Approve or automate actions so follow-ups happen consistently Built for invoice-based, project-based and retainer-based businesses.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Microsoft Dynamics 365 Yes 
Microsoft Dynamics GP Yes 
QuickBooks Online No 
Xero No 

Integrations

Microsoft Dynamics 365 No 
Microsoft Dynamics GP No 
QuickBooks Online Yes 
Xero Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$24/month
Free to $199.00 / mo based on number of clients.
Free Trial No 
Free Version Yes 

Deployment

Web-Based No 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

Professional Advantage

Founded

1989

Country

United States

Website

www.professionaladvantage.com/products/collections-management

Vendor Details

Company Name

Paystorm

Founded

2022

Country

United States

Website

paystorm.ai

Product Features

Accounts Receivable

ACH Payment Processing No 
Billing & Invoicing No 
Check Processing No 
Collections Management Yes 
Online Payment Processing Yes 
Overpayment Processing No 
Partial Payments No 
Receivables Ledger No 
Recurring Billing Yes 

Billing and Invoicing

Billing Portal No 
Contact Database Yes 
Contingency Billing No 
Customer Portal No 
Customizable Invoices No 
Dunning Management No 
Hourly Billing No 
Invoice History No 
Mobile Payments No 
Multi-Currency Yes 
Online Invoicing No 
Online Payments No 
Payment Processing No 
Project Billing No 
Recurring/Subscription Billing No 
Service Ticket Billing No 
Tax Calculator No 

Product Features

Accounts Receivable

ACH Payment Processing No 
Billing & Invoicing Yes 
Check Processing No 
Collections Management Yes 
Online Payment Processing No 
Overpayment Processing No 
Partial Payments Yes 
Receivables Ledger Yes 
Recurring Billing Yes 

Alternatives

Alternatives