Overview: 5 Commitly alternatives you need to know

To make your decision easier, we’ve put together a comprehensive spreadsheet that compares Commitly with its top alternatives and competitors. It’s packed with up-to-date details on pricing, features, and bank integrations, all accurate as of September 18, 2024. If you spot a mistake, please let us know.

We'll review these 5 alternatives to Commitly:

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

What you should consider when choosing a Commitly alternative

Fancy features can be tempting, but they only matter if they truly add value. When selecting cash or liquidity management software, focus on these key factors:

What do I need the software for?

Choose software that meets your needs. Startups or Scaleups have distinct requirements compared to large enterprises, and finance teams need deeper analyses beyond the key metrics that management typically focuses on. Take the time to pinpoint what truly matters for your business, and ensure the features you select are aligned with those priorities.

How time-consuming are onboarding and maintenance?

In our conversations with customers, we've learned that onboarding with providers like Agicap or Atlar can be a lengthy and resource-intensive process, often taking 2-3 months to fully implement. However, you get a comprehensive suite of features. But before you dive in, it's essential to evaluate the onboarding timeline and requirements. Will it be a quick setup, or will it take weeks before you start generating valuable insights?

Equally important is the consideration of maintenance. Once your data sources are connected, the system should operate seamlessly without the need for constant adjustments.

Do I need all the features that the software offers?

Do you need a comprehensive suite of features? More features usually come with higher costs – whether you need them or not. This can lead to paying for capabilities you never use.

How is data quality ensured?

Even the most advanced cash management software is only as good as the accuracy of its data. It's crucial to assess how effectively the software classifies transactions and whether it offers features like data cleansing, validation, and enrichment. These are the essential components that ensure your financial data is not just well-organized, but reliable.

What are the 5 best Agicap alternatives?

1. re:cap Insights

re:cap Insights is a financial management software designed to help you plan, control, and optimize your liquidity with precision. Perfect for startups, scaleups, and small to medium-sized enterprises, it offers a structured and efficient approach to managing all your cash positions. 

The tool offers a real-time snapshot of all your bank accounts and transactions, automatically categorizing your cash flows. You'll get immediate access to crucial financial metrics, making it easy to generate reports for management, your team, and investors. Plus, you can plan your liquidity and run simulations – including stress tests – to ensure you're ready for any scenario.

re:cap pricing

With re:cap Insights, you can select from three flexible plans to suit your needs: Basic, Insights, and Funding & Insights (which includes all insights plus access to re:cap funding). Plus, take advantage of our 14-day free trial to experience the software at no cost. If you need more information check out our 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 – regardless of your plan.

Key features

Liquidity Management

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

• With the cash flow statement, we automatically categorize all your transactions, making it easy for you to track all cash inflows and outflows.
• With the P&L statement, you can leverage real-time profitability analysis to stay updated and make optimizations.
• The runway analysis helps you to keep a close eye on your cash burn and runway to enhance your financial strategy and ensure better planning.
• Consolidation helps you to gain insights into liquidity across various levels, company structures, and entities.
• With Plan vs. Actuals, you can compare your business plan projections with actual results to spot deviations.
• You gain access to over 14,000 bank accounts, allowing you to view all your financial information on one platform.

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 planning covers the following areas:

• Craft a liquidity plan based on historical data, with the flexibility to manually adjust and explore different scenarios.
• Get a clearer picture of how major decisions—like new hires, large expenditures, or mergers and acquisitions—could affect your cash flow.
• Conduct stress tests to see how key metrics perform under pressure, helping you pinpoint critical areas to address in your financial strategy.
• Assess how debt and equity investments influence your financial planning and liquidity.

What do companies use re:cap Insights for?

Our customers use re:cap Insights for different purposes:

• Get an instant, transparent view of account transactions and cash balances, automatically updated from your bank accounts.
• See all key financial metrics at a glance, whether for the entire organization or individual entities.
• Keep your management team and investors informed with critical metrics like burn rate, revenue growth, and cash balance.
• Spot opportunities to save money and cut costs.
• Monitor your budget closely and respond quickly to any deviations.
• Simplify budget planning with clear comparisons between business plan targets and actual performance.
• Plan your liquidity more precisely by creating customized scenarios to model and understand future developments.
• Conduct liquidity stress tests to see how various impacts affect other areas of your business.

Summary re:cap Insights

With re:cap Insights, you gain access to financial management software that encompasses all the essentials: efficient cash flow management, detailed reports for various stakeholders, and an advanced tool for liquidity planning and forecasting.

2. Microsoft Excel

For more than three decades, Microsoft Excel has been an essential tool for organizations of all sizes. Its flexibility as a spreadsheet and data analysis tool makes it a go-to choice for cash management. However, it’s important to recognize that Excel does have its limitations in this capacity.

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

Excel can be a versatile tool, and many companies use it to track incoming and outgoing payments and manage their budgets. However, it's important to note that Excel relies entirely on manual input. 

When it comes to cash management, this approach has its drawbacks. Excel isn’t designed for effective liquidity management or financial planning. Key features are missing: you can’t automatically link bank accounts, so you must enter account balances manually, which is time-consuming and error-prone. Without real-time visibility into your transactions, liquidity planning and forecasting become challenging. Additionally, maintaining and updating your planning data manually means you risk losing information from previous scenarios.

Summary Microsoft Excel

Excel is great for basic liquidity management, but it often struggles with more complex needs. For advanced cash management, specialized software is the better choice.

3. Agicap

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

Agicap pricing

Agicap's pricing varies depending on factors like the number of companies, bank accounts, and your company's turnover. You’ll receive a customized quote based on these details, but the pricing structure itself isn't transparent.

To use the software, you’ll need to buy the full platform with all features. Although a free trial is available, the specific duration of the trial period isn’t clearly stated.

Key features

Agicap provides a comprehensive cash management solution with a range of features:

• Liquidity Management: centralize and streamline your liquidity oversight for better control.
• Liquidity Planning: create forecasts and scenarios to plan your liquidity effectively.
• Bank and ERP Integration: connect all your bank accounts and ERP systems.
• Expense Management: handle orders, invoices, payments, and company cards.
• Receivables Management: monitor your receivables and optimize payment deadlines.

Summary Agicap

Agicap offers a cash management solution that goes beyond basic functionality. With a broad array of features designed to tackle diverse financial management needs, its pricing reflects the depth and scope of what it provides.

4. Tidely

Tidely is a cash management software designed for SMEs and large enterprises. It helps you oversee your liquidity and track your cash flow. Key features include a comprehensive dashboard, detailed cash forecasts, scenario planning tools, and insightful reports.

Tidely pricing

Tidely's pricing varies based on your company's size, the number of users, and bank accounts. They offer four plans: Starter, Professional, Business, and Enterprise.

The Starter and Professional plans come with significant limitations, allowing connections for only 1 and 5 bank accounts respectively, and 1 and 2 users. You can explore these options with a 7-day free trial to see if Tidely fits your needs.

• 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 a range of functions:

• Get an overview of your liquidity and enhance your management strategies.
• Use the tool for liquidity planning and to explore different financial scenarios.
• Create accurate and insightful financial reports.
• Handle intricate team or company-wide financial structures.
• Connect all your bank accounts and ERP systems for streamlined operations.

Summary Tidely

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

5. Atlar

Atlar, a Swedish-based company, offers an all-encompassing cash management software solution. Their platform integrates cash management, payments, and cash flow forecasting, making it ideal for medium-sized to large businesses and enterprise clients.

Atlar pricing

Atlar’s pricing is tailored to your company's size and the features you require. They offer three plans: Essential, Professional, and Enterprise. While exact costs depend on your specific needs, pricing details are not disclosed publicly. Additionally, Atlar does not provide a free trial period. Implementation of the tool generally takes between 2 to 3 months, according to their website.

Key features

Companies rely on Atlar to get a complete overview of their cash flow with a unified platform. Atlar not only streamlines payment management but also helps you plan your liquidity by allowing you to create and analyze various scenarios.

Atlar summary

Atlar is a software designed to handle the essential aspects of cash management.

Summary: The 5 best Commitly alternatives

We’ve evaluated five leading alternatives to Commitly for liquidity management and financial planning. Each option has its unique strengths and limitations. Below is a clear and concise comparison to help you find the best fit for your needs:

• Functionality vs. Pricing: some tools offer a rich array of features but come with a higher price, while others emphasize simplicity and ease of use with basic features. The challenge is finding the right balance that meets both your needs and your budget.

• Onboarding and Usability: some platforms require extensive onboarding and resources, whereas others provide a smooth, hassle-free start with minimal configuration.

Hands down: we’re biased, but we truly believe re:cap Insights offers valuable benefits for these key reasons:

• Transparent pricing: enjoy a 14-day free trial before making any commitments.
• User-friendly interface: experience an intuitive design that’s straightforward to navigate.
• Quick onboarding: connect your data sources and start right away – no ongoing maintenance is needed.
• Comprehensive liquidity insights: access essential features that offer a clear view of your liquidity, helping you plan effectively and create customized scenarios.
• Explore financing options: optimize your finances with our cash management software and potentially gain access to re:cap funding.

Discover more about Insights on our product pages. For any questions, browse our FAQs or reach out to us directly.