Charlotte, NC - December 4, 2022 - Aiwyn, the leading artificial intelligence–based technology company helping professional services firms streamline their work-to-cash cycle and practice management operations, has partnered with top-ranked firm, Edelstein & Company, LLP, to evolve the future of accounting technology with their latest product, Aiwyn Billing.
Aiwyn Billing is a software solution built specifically for accounting firms to simplify and automate the tedious billing process. Integrating seamlessly with existing practice management systems, Aiwyn Billing relieves frustration from drawn-out processes while giving partners and staff members valuable time back and speeding up firms’ cash flow.
Aiwyn is known for its proven Practice Intelligence solution, Payments & Collections, and utilized its powerful underlying technology to create Aiwyn Billing. Aiwyn Billing is the first solution of its kind to streamline the billing process using advanced technology, liberating client services and operations staff from tedious, manual tasks and giving back time for them to do higher-value strategic work and strengthen client relationships.
Aiwyn partnered with Edelstein, a Top 200 firm that has been utilizing Aiwyn’s Payments & Collections solution since 2021, to build out a billing solution tailored to the needs of accounting firms. Edelstein’s employees, like too many firms’s staff, were spending days each month on tedious and manual billing-related tasks, which resulted in bills that got stuck and weren’t sent in a timely manner. Aiwyn Billing has helped Edelstein speed up the billing process and get cash in the door faster. A sleek and intuitive user interface makes employees’ lives easier and assists firms in delighting their clients.
Brooke Rudden, Finance Manager at Edelstein, explained that Aiwyn’s forward-thinking approach will set their firm up for success: “Aiwyn has the technology that I know is going to grow with us. We know that we won’t have to go through the tough process of continually finding new systems. To have a system that we know is going to grow with the industry is just a really great thing, and we are very excited to continue to partner and work with Aiwyn’s proven solutions that we’ve already had so much success with.”
Michelle Walsh, Chief Operating Officer at Edelstein, is equally pleased with Aiwyn Billing: “Aiwyn is a strategic technology partner for us in the transformation of our practice. Aiwyn Billing eliminates hours of manual work, enabling our team to work on higher-value, strategic initiatives.”
Earlier in the year, Aiwyn announced its rebrand and the introduction of Practice Intelligence. Aiwyn’s solutions have driven dramatic ROI for accounting firms, with customers reporting impressive KPIs such as:
51% decrease in overall Days Sales Outstanding (DSO),
69% more invoices paid within 7 days, and
42% of late invoices paid after sending just one Smart Statement.
Aiwyn Chief Executive Officer Justin Adams states, “We’re thrilled to be working with firms to streamline the billing process. Edelstein has seen success with our solutions, is an amazing champion of ours, and is a valuable partner helping to lead the innovation in our industry. Aiwyn Billing was designed so that firms could collaborate in real-time to ease and speed up billing processes, which in turn drives increased profitability.”
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.