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Anchor vs. Latitude Collections (legacy)

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Anchor

    Score9.3 out of 10
    N/AAnchor is an accounts receivable automation system that changes way billing is done by automating the process. The software is designed to serve accountants, bookkeepers, tax advisors, and similar agencies.

    $5

    one-time fee per payment received

    Latitude Collections (legacy)

    Score10 out of 10
    Mid-Size Companies (51-1,000 employees)
    Latitude Collections software, developed by Latitude Software, was acquired by Genesys in 2016 and sold as Latitude by Genesys. It was a standalone product for accounts receivables challenges: delinquency or negligence through charge-off and debt sale. It is a legacy application.

    $75

    per month

    Pricing
    AnchorLatitude Collections (legacy)
    Editions & Modules
    No answers on this topic
    Genesys Cloud CX 1
    $75
    per month
    Genesys Cloud CX 2 Digital
    $90
    per month
    Genesys Cloud CX 2 Digital + Voice
    $110
    per month
    Genesys Cloud CX 3 Digital + WEM
    $130
    per month
    Genesys Cloud CX 3 Digital + WEM + Voice
    $150
    per month
    Offerings
    Pricing Offerings
    AnchorLatitude Collections (legacy)
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeNo setup feeOptional
    Additional Details—Prices listed are per named user, billed annually. Usage-based pricing may apply.
    More Pricing Information
    Features
    AnchorLatitude Collections (legacy)
    Accounts Receivable
    Comparison of Accounts Receivable features of Anchor and Latitude Collections (legacy)
    Feature
    Anchor
    9.3
    1 Ratings
    12% above category average
    Latitude Collections (legacy)
    -
    Ratings
    Invoice Control10.01 Ratings00 Ratings
    Payment Tracking10.01 Ratings00 Ratings
    Customer Statements9.01 Ratings00 Ratings
    Automatic Reminders10.01 Ratings00 Ratings
    Payment Reconciliation9.01 Ratings00 Ratings
    Financial Reports9.01 Ratings00 Ratings
    Integration with Accounting Systems:8.01 Ratings00 Ratings
    User Ratings
    AnchorLatitude Collections (legacy)
    Likelihood to Recommend
    9.0
    (1 ratings)
    8.4
    (4 ratings)
    Usability
    9.0
    (1 ratings)
    8.2
    (1 ratings)
    Support Rating
    -
    (0 ratings)
    9.1
    (1 ratings)
    User Testimonials
    AnchorLatitude Collections (legacy)
    Likelihood to Recommend
    Anchor
    Anchor is well suited for solopreneurs and small businesses that may want to use the app in conjunction with their accounting software (QuickBooks and Xero). When used in tandem with their accounting software, billing and reporting issues can be resolved. For those solopreneurs and small businesses that do not use the listed accounting apps, in my opinion, Anchor may not be a good fit.
    Incentivized
    Read full review
    Discontinued Products
    As a consulting company specializing in the support of Latitude by Genesys customers, I have first hand experience seeing all of the benefits to my customers of this platform. The ease of powerful interfaces, highly organized GUI based workflows, simple import/export automation as well as a host of integrated vendors makes this the platform of choice for me and my company. Prior to starting my consulting company I was an end user of Latitude by Genesys for 3 years and had the distinct opportunity to work with a top notch implementation team.
    Read full review
    Pros
    Anchor
    No answers on this topic
    Discontinued Products
    • Payments plans management
    • Account analysis reports
    • The system is user friendly
    Read full review
    Cons
    Anchor
    No answers on this topic
    Discontinued Products
    • In the past, their support has been slow. This has improved dramatically.
    • They don't take every one of my ideas and pump it into base code IMMEDIATELY!!
    Read full review
    Usability
    Anchor
    From the start of the relationship with Anchor, they are there to assist. I really like the fact that in the setup process, the app does a review of our website to get a feel of the types of services our business offers. As of the writing of this review Anchor has recently launched a mobile app, which should be an exciting addition. Still testing the app now.
    Incentivized
    Read full review
    Discontinued Products
    From our perspective, it would be good having a UGC tool integrated with the system.
    Read full review
    Support Rating
    Anchor
    No answers on this topic
    Discontinued Products
    They have an excellent support team. It was more helpful if they were available by phone, but your ticket system support works good. The Logmein123 is an outstanding tool that helps us a lot when we need support.
    Read full review
    Alternatives Considered
    Anchor
    No answers on this topic
    Discontinued Products
    Base on cost of initial investment, ongoing support and efficient development capabilities (i.e. import/export interfaces, workflows, etc.) this platform is leaps and bounds ahead of all the other major platforms I have worked with. Some of the others I worked with for as many as 12 years before experiencing the power of Latitude.
    Read full review
    Return on Investment
    Anchor
    No answers on this topic
    Discontinued Products
    • It help us a lot to manage our day to day business.
    • It helps our users to produce invoices and handling payment plans in a very efficient way.
    Read full review
    ScreenShots

    Latitude Collections (legacy) Screenshots

    Screenshot of Latitude by Genesys - Agent DesktopScreenshot of Latitude by Genesys - WorkflowScreenshot of Latitude by Genesys - Job Manager