Overview: 5 Atlar alternatives you need to know

We’ve created a handy spreadsheet that allows you to compare Atlar 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.

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

What to consider when choosing an Atlar 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 months 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 – 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 Atlar alternatives?

1. re:cap Insights

re:cap Insights is a cash management software that allows you to plan, control, and optimize your cash movements. The solution is designed for startups, scaleups, and small and medium-sized enterprises. 

Our software automatically categorizes every cash movement, providing you with key financial metrics at a glance. Whether you're reporting to management, your team, or investors, you'll have the correct data you need. Plus, you can forecast liquidity and run simulations, including stress tests, to stay ahead of any scenario.

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 use a free trial period of 14 days to try re:cap out. 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 unlimited users and link as many bank accounts as you need – on any plan.

Key features

Liquidity Management

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

• Cash flow statement: Automatically categorize all transactions, making it easy to track cash inflows and outflows.
• P&L statement: real-time profitability analysis keeps you informed, empowering you to optimize your business on the go.
• Runway analysis: monitor cash burn and runway closely, ensuring your financial planning is always on target.
• Consolidation: access liquidity analysis across multiple levels and companies, all in one place.
• Plan vs. Actuals: compare your business plan with real-world performance, spotting deviations early to stay ahead.
• Bank connections: connect to over 14,000 bank accounts and view all your finances in a single, unified dashboard.

Reporting

You see all key financial figures at a glance in one dashboard 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 forecast covers the following areas:

• Develop tailored liquidity plans: use historical data as a foundation, then manually adjust variables to explore different scenarios.
• Evaluate critical decisions: understand how major actions – like new hires, significant expenses, or M&A – will impact your cash flow.
• Conduct stress tests: simulate high-pressure situations to see how key financial metrics hold up. Identify vulnerabilities in your financial planning.
• Model investment impact: assess how debt or equity investments influence your liquidity and overall financial strategy.

What do companies use re:cap Insights for?

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

• Real-time financial overview: access up-to-date account movements and cash balances effortlessly and transparently.
• Comprehensive financial snapshot: quickly view essential financial metrics for your entire company or individual subsidiaries at a glance.
• Informed communication: provide your management and investors with critical metrics like burn rate, sales performance, and cash flow.
• 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 get cash management software that offers you the most important functions: cash flow management, reports for various stakeholders, and the ability to plan your liquidity and run scenarios.

2. Microsoft Excel

For over 30 years, Microsoft Excel has been a cornerstone for organizations of all sizes. As a versatile spreadsheet and data analysis tool, Excel is also used for cash management – though with limitations.

Microsoft Excel pricing

Excel offers two options: either you can use it 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.

This has disadvantages when it comes to cash management. Excel is not made for managing your liquidity or creating a financial plan. The program does not have important functions: you can't link bank accounts automatically, you have to enter account balances and balances manually. This takes time and is prone to errors. You don't have a real-time view of your incoming and outgoing payments, which makes liquidity planning and forecasting more difficult. You also have to constantly update existing planning data manually without losing the 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. Agicap

Agicap is a French company specializing in cash management software tailored for medium to large enterprises. The platform offers comprehensive financial management tools, including cash flow monitoring, supplier payments, expense management, receivables tracking, and liquidity planning.

Agicap pricing

Agicap's prices depend on the number of companies and bank accounts as well as your company's turnover. You will receive a price offer based on this information. However, it is not immediately clear what prices Agicap charges. In order to use the software, you have to purchase the entire platform. Although you can test the cash management software for free, the exact duration of the trial period is unclear.

Key features

Agicap is a cash management software that offers you various features:

• You can centralize and streamline your liquidity oversight.
• You can plan your liquidity with forecasts.
• You can connect all your bank accounts and ERP systems to Agicap.
• You can manage orders, enter invoices, payments, and company cards.
• You can keep an eye on your receivables and optimize payment deadlines.

Summary Agicap

Agicap is an all-in-one solution for cash management. The software covers a wide range of use cases that go beyond actual cash management, which should come at a corresponding price.

4. Tidely

Tidely is a cash management software for SMEs and large companies. With Tidely, you can manage your liquidity and keep an eye on your cash flow. The software offers a dashboard, cash forecasts, scenario planning, and reports.

Tidely pricing

Tidely's prices depend on the size of your company, the number of users, and bank accounts. You have four plans to choose from: Starter, Professional, Business, and Enterprise. However, the Starter and Professional plans are severely limited in the number of bank accounts (1 and 5 respectively) and users (1 and 2 respectively) you can connect. There is a free trial period of 7 days.

• 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:

• They get an overview of their liquidity and can manage it better.
• For liquidity planning and to run through various scenarios.
• To create financial reports.
• To manage complex structures at the team or company level.
• 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.

5. 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 centerpiece of the software is the creation of forecasts. The software is primarily aimed at SMEs and startups.

Commitly pricing

Commitly's prices are based on the size of the company, the number of users, and bank accounts. There are three different plans: Basic, Business, and Professional. You can also test the software for 14 days free of charge.

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

Key features

Companies use Commitly to obtain a daily liquidity overview and to track deposits and withdrawals. They can also carry out cash flow planning and model various scenarios of how liquidity will develop. 

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. 

Summary: The 5 best Atlar alternatives

We’ve evaluated five of the best alternatives to Atlar for liquidity management and financial planning. Each option has its unique strengths and weaknesses. Here’s a quick comparison:

• Functionality vs. Price: Some tools offer extensive features at a higher price, while others prioritize simplicity and ease of use.
• Onboarding and Usability: Some platforms require significant onboarding time, while others let you start quickly with minimal setup.

Sure, we're biased, but we believe that re:cap Insights can help you for the following reasons:

• Transparent pricing: try it free for 14 days before committing. 
• A user-friendly interface that is intuitive and easy to use.
• Onboarding in 10 minutes: connect your data sources and get started straight away. There is no need for further maintenance.
• Access to the most important features to get a complete overview of your liquidity while planning and modeling scenarios with manual input.
• Additional financing option: not only do you use liquidity management software to better manage your finances, but you also potentially have access to financing.

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