Overview: 5 Agicap alternatives you need to know

We’ve created a handy spreadsheet that allows you to compare Agicap with its top alternatives and competitors. This includes data on pricing, product features, and bank integrations. The data is current as of September 18, 2024. If you’re spotting a mistake, please let us know.

We'll review these 5 alternatives to Agicap:

1. re:cap Insights
2. Microsoft Excel 
3. Commitly
4. Tidely
5. Atlar

What you should consider when choosing an Agicap alternative

While fancy features can be appealing, they’re only worthwhile if they truly add value. When evaluating cash or liquidity management software, consider the following:

What do I need the software for?

Choose software that fits your specific needs. Startups require different functionalities than large enterprises, and finance teams need distinct analyses compared to only looking at the most important numbers as management does. Identify your true requirements and ensure the features align with them.

How time-consuming are onboarding and maintenance?

From our discussions with customers, we know that onboarding with providers like Agicap or Atlar is time-consuming and requires a lot of resources (implementation time is 2-3 months). However, it offers a wide array of features in return. Before committing, try to gauge the onboarding timeline and requirements: can it be completed in minutes, or will it take weeks to achieve the desired insights?

The same consideration applies to maintenance. Once your data sources are connected, everything should operate seamlessly without needing frequent adjustments.

Do I need all the features that the software offers?

More features often mean higher costs. With Agicap, for example, you only get access to the entire platform and all its functions – whether you need them all or not. This might result in paying for features you don’t use.

How is data quality ensured?

Even the best cash management software is ineffective if the data is inaccurate. Focus on how well the software classifies transactions and whether it offers data cleansing, validation, and enrichment features.

What are the 5 best Agicap alternatives?

1. re:cap Insights

re:cap Insights is a financial management tool, delivering insights into liquidity, revenue, customer data, profitability, and overall financial health. Whether you're a startup, scale-up, or a small to medium-sized enterprise, the software provides the most needed structures and tools to manage a company’s finances with confidence.

The software provides a real-time overview of all your bank accounts and transactions. It automatically categorizes your cash flows, offering you essential financial metrics for management, team, and investor reports. Plus, you can plan your liquidity and run simulations, including stress tests, to anticipate and manage various scenarios and their financial impact.

re:cap pricing

With re:cap Insights, you can choose between three plans: Basic, Insights, and Funding & Insights (All Insights and access to re:cap funding). You can also use re:cap free of charge for 14 days. Find all information on the pricing page.

• Basic: €0 per month
• Insights: €39 per month (annual billing)
• Funding & Insights: customized prices

One final thing: with re:cap Insights, you can invite as many users and link as many bank accounts as you want – no matter what plan you have.

Key features

Liquidity Management

The liquidity management of re:cap Insights covers a wide range of functions:

• Cash flow statement: all your transactions are automatically categorized so you can easily allocate deposits and withdrawals.
• P&L statement: use the real-time analysis of your profitability so that you are always up to date and can make optimizations.
• Runway analysis: keep an eye on cash burn and runway to optimize your financial planning.
• Consolidation: get a liquidity analysis for different levels and companies.
• Plan vs. Actuals: compare the figures from your business plan with reality and recognize deviations at an early stage.
• Bank connections: access to over 14,000 bank accounts so you can view all your bank accounts in one place.

Reporting

You see all key financial figures at a glance and can extract them for your reports:

• Get a complete picture: build your company reports on a comprehensive understanding of liquidity, customers, profitability, and financial health by connecting banking, revenue, and accounting data.
• Single source of truth: you’re always prepared to discuss financial metrics and answer any finance-related questions from your management team with confidence.
• Report better with less work: extract key business metrics that matter most to your investors and save time on repetitive manual investor reporting.
• Ensure financial precision: track revenue, costs, cash flow, and balances to ensure projected outcomes match reality. This sharpens your financial precision and enhances plan accuracy.

Liquidity Forecast

Liquidity forecasting covers the following areas:

• Create a liquidity plan based on historical data and add manual changes yourself to run through different scenarios.
• You can better assess how important decisions (new hires, major expenses, M&A) can affect your cash flow.
• Carry out stress tests and simulate how important metrics develop under pressure. This allows you to define critical areas for your financial planning.
• Model how debt or equity investments affect your financial planning and liquidity.

What do companies use re:cap Insights for?

Our customers use re:cap Insights primarily for the following purposes:

• They get a real-time view of account movements and cash balance - automatically and transparently.
• They find all key financial figures at a glance, whether for the entire company or individual companies.
• You can inform your management and investors about key metrics such as burn rate, revenue development, and cash balance.
• You can uncover potential savings to reduce costs.
• They can keep an eye on the budget and react quickly in the event of deviations.
• It makes budget planning easier for them with the target/actual comparison.
• They can plan their liquidity more precisely: Create individual scenarios to better model and understand developments.
• They can carry out liquidity stress tests to assess their impact on other areas.

Summary re:cap Insights

With re:cap Insights, you gain access to financial management software that delivers key functionalities: manage your cash flow, extract key financial figures for reports for different levels and stakeholders, and plan your liquidity using historical financial data and own assumptions. Plus, you can simulate the financial impact of major decisions with manual adjustments.

2. Microsoft Excel

For over 30 years, Microsoft Excel has been a staple for organizations of all sizes. Its versatility as a spreadsheet and data analysis tool is well-established, but when it comes to cash management, Excel has its limitations.

Microsoft Excel pricing

With Excel, you have two options for your company: either use Excel as a standalone program or as part of Microsoft 365.

• Excel standalone: $159
• Excel within Microsoft 365: $6.99 per month

Key features

There are various possible uses for Excel. Many companies use it to keep an eye on incoming and outgoing payments and to monitor their budget. However, you should be aware that Excel works completely manually.

Using Excel for cash management has its drawbacks. It's simply not designed for managing liquidity or creating detailed financial plans. Key features are missing: there's no automatic linking of bank accounts, so you have to enter account balances manually, which is time-consuming and error-prone. Without a real-time view of your incoming and outgoing payments, liquidity planning and forecasting become challenging. Additionally, updating planning data manually can lead to the loss of information from previous scenarios.

Summary Microsoft Excel

Excel is suitable for simple liquidity management but quickly becomes inadequate for more complex needs. For modern cash management, specialized software is a better choice.

3. Tidely

Tidely provides cash management software tailored for both SMEs and large enterprises. With Tidely, you can oversee your liquidity and monitor cash flow. The platform features a dashboard, detailed cash forecasts, scenario planning tools, and comprehensive reporting capabilities.

Tidely pricing

Tidely’s pricing varies based on your company’s size, the number of users, and bank accounts. You can choose from four plans: Starter, Professional, Business, and Enterprise. However, the Starter and Professional plans come with significant limitations, offering only 1 and 5 bank accounts and 1 and 2 users, respectively. There’s also a 7-day free trial available to help you get started.

• Starter: €45 per month (annual billing)
• Professional: €85 per month (annual billing)
• Business: €215 per month (annual billing)
• Enterprise: customized prices

Key features

Companies use Tidely's cash management software for various purposes:

• To get an overview of their cash flow and can manage it better.
• For liquidity planning and to run through various scenarios.
• To create financial reports for various stakeholders.
• To manage complex company structures.
• To connect all your bank accounts and ERP systems. 

Summary Tidely

With Tidely, companies have cash management software at their disposal that can cover a wide range of different tasks.

4. Commitly

Commitly is a cash management software that allows you to create an overview of your cash flow and manage your company's finances. According to Commitly, the core of the software is the creation of forecasts. The software is primarily aimed at SMEs and startups.

Commitly pricing

Commitly’s pricing is tailored to your company’s size, user count, and number of bank accounts. They offer three plans to suit various needs: Basic, Business, and Professional. Plus, you can try out the software for 14 days at no cost.

• Basic: €45.83 per month (annual billing)
• Professional: €70.83 per month (annual billing)
• Business: €120.83 per month (annual billing)

Key features

Companies rely on Commitly for a daily liquidity overview, monitoring cash inflows and outflows, and conducting cash flow planning. It also allows users to model different scenarios to understand how their liquidity might evolve.

Summary Commitly

Commitly gives you an overview of your cash flow and all important key figures. The focus is on forecasting, so you can run through and model various planning scenarios. 

5. Atlar

Atlar is a Sweden-based company that offers cash management software. The product includes cash management, payments and cash flow forecasting. The solution is aimed at medium-sized to large companies as well as enterprise customers.

Atlar pricing

Atlar's prices depend on the size of your company and the functions you want to use. You can choose from three plans: Essential, Professional, and Enterprise. The exact prices depend on your requirements, but they are not transparent. There is no free trial period to try Atlar. According to Atlar, the implementation of the cash management tool takes 2-3 months.

Key features

Companies use Atlar to get an overview of their cash flow on one platform. They can also use the software to manage payments and plan their liquidity – using scenarios, for example. 

Atlar summary

Atlar is a software solution that allows you to cover the basic areas of cash management.

Summary: The 5 best Agicap alternatives

We’ve assessed five top alternatives to Agicap for liquidity management and financial planning. Each option has its own set of strengths and weaknesses. Here’s a brief comparison:

• Functionality vs. Price: some tools provide a wealth of features but come at a higher cost, while others focus on simplicity and affordability.
• Onboarding and Usability: platforms vary in their onboarding processes; some require a couple of months to get up and running, while others offer quick setup and ease of use.

While we might be a bit biased, we genuinely believe re:cap Insights can offer you significant benefits for these reasons:

• Try the tool with a 14-day free trial before you buy it.
• Access a user-friendly interface that is easy to use.
• Get started in minutes, connect your data sources, and you're good to go. No lengthy onboarding is needed.
• Get a complete overview of your liquidity while doing forecasts and modeling different scenarios.
• re:cap not only offers cash management software but also alternative debt funding. So you can take care of all things finance from one provider.

Explore our product pages to learn more about Insights. If you have any questions, check our FAQs or contact us directly.