Aiwyn Releases Benchmark Research on Practice Intelligence
Customer survey identifies a major increase in cash flow.
Charlotte, NC - August 30, 2022 - Aiwyn, the leading artificial intelligence–based technology company helping professional services firms streamline their work-to-cash cycle and practice management operations, has released its latest research on the value that the company’s Intelligence-Based Billing™ (IBB) platform provides to leading firms.
Aiwyn’s Intelligence-Based Billing™ (IBB) platform is the first AI solution that digitizes and automates billing and collections. The proven solution speeds up and grows cash flow, frees up partners from time-wasting and frustrating billing workflows, provides firm leaders with better controls and insights on billing and cash flow, and delivers a superior client billing experience.
Aiwyn surveyed customers that have implemented IBB in the last 12 months to measure the platform’s ROI optimizing the work-to-cash cycle. Their findings show that IBB has proven its effectiveness for customers in five key areas:
- Increased Revenues: Firms have seen a 40%+ increase in collecting late fees per month since working with Aiwyn.
- Decreased Days Sales Outstanding (DSO): Firms have decreased DSO by 30% or more since working with Aiwyn.
- Increased Online Payments: Firms have increased YOY online payment growth by 3X since working with Aiwyn, supporting the transition into the future of going digital.
- Decrease in Manual Work: Firms have seen a 20% decrease in paper check volume since working with Aiwyn, saving staff time in check processing.
These results confirm that Aiwyn is empowering firms to streamline tedious back-office tasks and bring in revenue faster than ever–all while providing a superior client experience.
Aiwyn Chief Executive Officer Justin Adams states, “Firms that have adopted Practice Intelligence technology are quickly seeing results within days of turning our solution on. We are proud that our instinct to use our expertise to create a platform to greatly help the top-ranked accounting and law firms has proven to do just that.”
For more information, visit www.aiwyn.ai.
Aiwyn helps top-ranked professional services firms revolutionize their work-to-cash cycle, resulting in faster cash flow firm-wide, more productive and fulfilled professionals, and a superior client experience. With Aiwyn's Intelligence-Based Billing™ (IBB) platform, high-value firm executives, partners, and staff are liberated to deliver more value to clients and work at the highest end of their professional expertise. Aiwyn offers a suite of solutions built on the IBB platform that speed up the client payment cycle and provide firm leaders with predictive insights to drive smarter strategic growth decisions. Benefits of Aiwyn to accounting and law firms firms: partners can save time, bill faster, and shed administrative headaches; finance leaders can reduce days-in-WIP and days-in-AR, speed up client payments, and smooth out cash flow; executives can better protect financial health with predictive insights and controls, and improve their firm reputation by offering best-in-class experiences to clients.