Apxium Collect

Apxium Collect is a debtor management software solution designed to automate the accounts receivable, payments, and financing workflows for accounting firms and their clients. According to the vendor, this comprehensive solution aims to streamline invoice approval, payment collection, receipting, reconciliation, and communication with clients, reducing the need for manual intervention. Apxium Collect is targeted at accounting firms of all sizes, serving professionals in the accounting, financial services, legal services, consulting services, and other professional industries.

Key Features

Debt Funding Option: According to the vendor, accounting firms can choose the debt funding option to receive 100% of the invoice amount upfront while allowing clients to pay off the debt in installments. This option is said to provide flexibility in managing cash flow for both the accounting firm and their clients.

Electronic Invoicing: Apxium Collect is designed to automatically send invoices to clients on behalf of the accounting firm, aiming to streamline the invoicing process and eliminate the need for manual invoice generation and distribution.

Easy Client Online Payments: The vendor states that clients can make online payments directly from all communications received from the accounting firm, offering convenience and ease of payment, potentially improving the speed of payment collection.

Payment Options: Apxium Collect is said to support various payment types, including credit card, EFT, direct debit, and installments, providing flexibility for clients to choose their preferred payment method and potentially increasing the likelihood of timely payments.

Automatic Email and SMS Reminders: According to the vendor, Apxium Collect can automatically send email and SMS reminders to clients with overdue payments, aiming to facilitate prompt payment collection by reminding clients of outstanding invoices.

Receipts: The vendor claims that all client payments are automatically receipted in Apxium Collect, providing a seamless payment experience for clients and ensuring accurate record-keeping.

Accounting Package Reconciliation: Apxium Collect is designed to automatically reconcile all client payments in the accounting firm's practice management system, potentially saving time and effort by eliminating the need for manual reconciliation.

Virtual POS: According to the vendor, Apxium Collect allows accounting firms to accept payments from clients over the phone or in person, offering flexibility in payment acceptance and catering to different client preferences.

Electronic Engagements and Direct Debit: Accounting firms can supposedly send electronic engagements to clients, who can sign them online and provide their bank or credit card details for automatic debit. This feature aims to simplify engagement processes and facilitate automatic payment collection.