Managing and planning cash flow is the backbone of any business and its financial health.
That’s why cash and liquidity management tools are essential.
They automate and streamline otherwise error-prone operations, helping eliminate a tremendous negative effect those errors would have on your business.
Commitly and Agicap are two popular cash flow management solutions that share some similarities but with their unique twists.
Curious to see which one might be a better choice?
Let’s dig in and see who the winner is in the Commitly vs. Agicap duel.
Commitly: Overview
Commitly is cash flow planning software offering financial solutions and tools to help SMBs manage their cash flow, budgets, and forecasting.
One of the areas where Commitly scores points is its user-friendliness and quick implementation.
These traits can make Commitly a good option for smaller businesses without a designated finance team.
Commitly: Key Features
Commitly’s features span liquidity planning, bank and ERP integrations, and scenario analysis for data-driven financial decisions.
1. Cash Flow Management
The software calculates the cash flow using the direct method based on IAS 7 and provides tools to keep an eye on your company's finances.
You can get up-to-date data for a more comprehensive liquidity overview and management thanks to integrations with accounting systems.
Furthermore, you can customize the cash flow templates to meet your company's needs and create new categories and sub-categories.
Another thing you can customize is the structure of your cash flow reports.
2. ERP & Integrations
Commitly offers different types of integrations:
- You can connect your online accounts to banks and financial service providers and synchronize account balances and transactions.
Thus, you can connect to Stripe, PayPal, Pliant, and Pleo.
- You can also connect your upstream systems, synchronize cash flow-relevant information, and integrate with LexOffice, SevDesk, Easybill, MOCO, etc.
- You can Integrate Commitly directly into your workflows using Commitly Public API, Zapier and Make integration, CSV upload, and Google Sheets integrations.
- Finally, you can integrate Commitly with controlling services, such as Adam and KSV1870.
The system synchronizes your linked online accounts up to four times a day so you can keep track of your finances.
3. Cash Flow Planning and Scenarios
This set of tools enables you to create flexible plans and scenarios based on various data, such as actual figures, forecasts, and other plans.
You can also create short- and long-term planning.
Furthermore, due to its integrations with accounting software and systems, you can import statistics from various sources or link Google Sheets for more forecasts.
Regarding forecasts, Commitly has real-time updates and data synchronization from bank accounts to help you manage liquidity proactively
4. Controlling & Status Insights
Controlling and status insight are key elements of the liquidity forecast to identify bottlenecks and solvency issues.
Thus, you can:
- Get liquidity preview with current cash status.
- Monitor deviations by categories.
- Run variance analysis to get a deeper insight into the accuracy of their liquidity forecasts.
- Compare budgets and actual figures to the amount and planned payment date.
- Export your cash flow plans and reports in PDF, XLSX, or via the API, create customized overviews, and highlight key figures.
5. Accounts Receivables and Payables Management
Commitly offers a centralized view to manage and monitor open items.
Therefore, you can see:
- The status of invoices in different colors
- Overdue invoices in red color
- Outstanding payments in a list format.
In addition, you can clear open items and receive notifications when an invoice is paid, along with a summary of all paid invoices.
6. Consolidation Feature
With this feature, you can get an overview of all your banks and accounts and the liquidity development of all your companies.
It also allows you to:
- Control who has access to what, per company and group.
- Create consolidated reports.
- Map groups with multiple hierarchies.
- Identify impending liquidity gaps and requirements.
- Check the cash flow development for each business.
Pricing
Commitly has 4 Premium Plans, starting at €55 per month with the 14-day Free Trial.
Commitly: Scoreboard
Based on our evaluation, this is how Commitly scores regarding Ease of use, Features, Customer Service, and Value for money.
Agicap: Overview
Agicap is a cash flow management solution that helps you improve financial planning and management.
Thus, it provides tools and solutions to help you optimize financial operations, manage cash flow, and do data-based forecasting.
Agicap’s solution spans 5 categories:
- Cash Management — Allows you to anticipate and optimize short-term cash positions.
- Liquidity Planning — Enables you to forecast liquidity and plan scenarios.
- Banking & ERP Connectivity — Provides connecting options for all your banks and your ERP with Agicap.
- Supplier Management — Automate the management of your supplier invoices
- Cash Collection — Organize and automate late payment collection.
Agicap: Key Features
Agicap provides multiple cash management features focusing on in-depth data analysis and rich integrations.
1. Cash Flow Management
Cash flow management features automated cash flow monitoring, allowing you to make decisions based on your data in real time.
Thus, you can:
✨ Categorize your cash flows automatically and define your incoming and outgoing payment categories.
✨ Automatically categorize all your banking transactions with Agicap’s AI function without manually doing it in Excel.
✨ Monitor your cash position in real time.
✨ Set your forecasted budgets for each category of receipts and disbursements.
✨ Check the actual/budget variance at any time and adjust your forecasts accordingly.
✨ Automatically reconcile your paid and committed transactions.
2. ERP & Integrations
Agicap provides multiple-bank connectivity, allowing you to retrieve and aggregate bank statements from all your banks thanks to protocols such as EBICS, PSD2, etc.
✨ You can also automatically integrate account statements into your ERP system in multiple formats, such as EBICS, XLSX, and CSV.
✨ In addition, you can:
- Automate 2-way data transfer with your ERP and integrate your ERP data into Agicap for cash forecasting, supplier payment, etc.
- Use multiple data integration protocols, such as API, PublicAPI, File Transfers, SFTP, etc., between Agicap and your ERP.
Regarding integrations, Agicap integrates with various banks and business tools, accounting systems, spreadsheets, etc.
3. Cash Flow Forecast
With Agicap, you can analyze your cash flow and outstanding balances and create cash flow forecasts based on your data.
Moreover, you can create scenarios and “play” with various possibilities and their impacts, such as the cash flow of potential investments, hiring, a drop in revenue, etc.
✨ Automatically generate your cash flow forecasts from the projected income statement.
✨ Display your cash flow in the short, medium, and long term for a better overview.
4. Consolidation Feature
The feature allows you to:
- Track your cash position on a group or entity level.
- Forecast the expected cash arrival for each entity.
- Compare the performance of each entity.
- Anticipate any budget deviations.
You can also monitor key indicators, such as the current balance, main incoming payments, etc. Furthermore, you can export and share your reports.
In order to optimize your cash at the group level, Agicap also provides centralized cash pooling.
5. Debt & Investment Management
The debt management feature allows you to centralize, manage, and stock all your fixed and variable-rate bank loans and leases in all currencies.
There is also an option to consolidate your group debt by choosing the granularity of your choice: subsidiary, country, sector, type of debt, bank, etc.
In addition, you can get automated interest repayment forecasts to anticipate the impact of debt on your cash flow.
Finally, you can analyze your key debt management data to make informed decisions about your debt. For example, whether you’d take a new loan, self-finance, etc.
The Investment management feature enables you to:
- Seize excess cash
- Lower cash buffer, and
- Optimise maturities and rates.
Moreover, you can monitor and track current investments, anticipate cash landings, and instantly share reports on past investments, including current and accrued interest.
6. Reporting
Reporting functionalities enable you to create customized reports and dashboards and analyze your company's performance in detail.
You can also collaborate with your team and provide different access levels.
Pricing
Agicap has custom pricing, so you can get a quote based on your business information and challenges.
Agicap: Scoreboard
Let’s check how Agicap scores regarding Ease of use, Features, Customer Service, and Value for money.
Commitly vs. Agicap: Which One Should You Choose?
While Commitly and Agicap share certain functionalities, their approaches, and different focus distinguish them.
Perhaps the most significant difference is in data integration — Agicap provides more versatile integrations, resulting in more in-depth analysis and leverage of real-time data.
In addition, Agicap seems to offer more automation possibilities.
On the other hand, Commitly focuses on simulating possible scenarios and can be great for smaller businesses with its user-friendly interface and a clear finance overview.
However, there is another tool that closes the gap between Commitly and Agicap by combining their best features and adding one that neither tool has—loan possibilities.
Enter, Puls Project! 🚀
Why Should You Consider Puls Project?
Puls Project is a German-based Fintech that provides solutions to SMBs and helps them manage, monitor and track finances, forecast, and enhance their credit limit.
As a result, its core functionalities revolve around 3 major pillars:
- Multi-banking.
- Loans and tools to manage loans effectively.
- Cash flow planning and forecasting.
🔥 Multi-banking features enable you to:
- Manage all bank accounts in one place for better oversight.
- Link any bank account from over 4,000 German banks within one minute and view and manage all companies in one place.
- Assign categories to group financial activities across multiple banks and companies to enhance expense tracking, spending optimization, compliance, and insights.
- Assign labels to transactions to group financial activities based on criteria such as project, department, or purpose for smoother management.
- View balances of all accounts, manage invoice payments efficiently, and maintain a clear history of payments, all in one place.
- Analyze profitability over any period by label, category, counterparty, company, or account.
🔥 Loan Capabilities help you manage and obtain loans that we automatically calculate within 48 hours based on group level after connecting your business bank account.
- Obtain up to €100,000 for a 12-month period.
- Enhance your credit limit by securely connecting all your bank accounts thanks to finAP, the GDPR-compliant service provider.
The more you use our system to manage your finances, the better we understand your business needs.
This leads to an automatic credit limit increase based on regular income and expense planning.
🔥 Cash flow planning and forecasting simplify financial management and improve business decisions due to real-time and reliable data.
- Track balances and spending across different accounts and companies, and manage all your financials in a single platform.
- Rely on accurate, real-time data for your business decisions and avoid errors from outdated spreadsheets or manual calculations.
- Manage your financial operations without switching from one banking platform to another.
- Automate expense tracking by inputting your regular monthly expenses once, and our system will automatically display them the following month.
- Monitor your cash flow actively and get alerts once our system detects a gap.
We will highlight it so you can make necessary adjustments, such as transferring funds or considering a loan.
Ready to explore all the benefits our tool can bring?
Sign up with Puls and take control of your cash flow.
Keep Learning:
We've Tried 4 Commitly Alternatives - Here's Our Feedback
