Alternative Payments, an AI-powered financial operations platform for service businesses, recently officially launched Alti, the financial intelligence inside Alternative Payments. Alti works across accounts receivable, analytics, and accounts payable, answering questions from live business data, suggesting next steps, and carrying out the actions teams approve.
Amid rising labor costs, tool sprawl, and unbillable hours, the profitability gap is widening. Among IT solution providers, best-in-class firms sustain 20–21% adjusted EBITDA margins versus 9–10% at the median, which Service Leadership credits to disciplined execution and operational maturity.*
Across the more than 1,000 companies that use Alternative Payments, teams have cut days to collect by 42% and save more than five hours a week per accounts receivable operator. We built Alti so they can automate more business practices and dedicate more of their own time on closing the profitability gap.
A quick Q&A with Alti shows you which clients are most profitable and how your business compares with its peers, through custom dashboards, automated recurring reports, and benchmarking.
Alti also tells you client health scoring, who owes money and what’s overdue, providing outstanding balances, follow-up emails for approval, and scheduling recurring reminders.
“The most powerful interactions in finance are shifting to agentic workflows, a massive change in how businesses operate,” said Baxter Lanius, founder and CEO of Alternative Payments. “Our bet is that the companies that accelerate over the next decade won’t have the most tools or the biggest back office. The companies that accelerate will focus 100% of their time on clients, pricing, and growth, and the rest of their business will be automated.”
Alti works across the whole platform:
- Accounts Receivable automates invoicing, payments, collections, and reconciliation.
- Analytics shows client profitability, utilization, and cash flow in custom dashboards, while Benchmarking, an add-on within Analytics, compares performance with industry peers.
- Accounts Payable brings vendor bills, approvals, and outgoing payments into the platform.
Alternative Payments connects with the PSA, ERP, accounting, and business management systems service businesses already use, including QuickBooks, Xero, FreshBooks, NetSuite, Sage Intacct, Microsoft Dynamics 365, ConnectWise, Autotask, HaloPSA, and SuperOps.
Read Similar News:
Hungry Jack’s Partners with Trintech to Modernize Financial Operations
1TCH Launches Unified Financial Operating System for Global Payments and Professional Work
Financially Strong, Financially Well: Building Resistance for the Future
