Compare Anchor vs Ignition

Anchor is an automated billing & collections solution that ensures you always get paid on time, effortlessly. Anchor changes the old, manual way invoicing, collections and reconciliation are done, by solving the problem before it even begins, at the agreement stage! An Anchor agreement is used like a live document (or Saas billing engine ) that allows your client to sign your proposal and insert their payment information before you start doing the work!! Once your service is provided, or on an agreed billing due date, your invoices are generated, billed and reconciled based on the agreement and services you have Anchored with your client! This way, you get paid on time, every time, and your client avoids risks of fraud, duplicate payments and more.

• Cash flow: Anchor is a specialist tool laser-focused on perfecting your billing and collections, while Ignition is a broader platform for the entire client lifecycle. Your best choice depends on whether you need to fix your cash flow or manage the whole client journey.
• Secure Payment Upfront to Truly Automate Cash Flow: Anchor’s standout feature is requiring clients to connect a payment method when they sign your proposal. This simple step puts you in control and creates a hands-off system where payments are collected automatically, ending the chase for good.
• Align Your Costs with Your Revenue: Anchor uses a pay-as-you-go model, so you only pay a small fee when you successfully collect a payment. This contrasts with subscription models, ensuring your software costs scale directly with your income and you're not paying for a tool during slower months.

‍

Choosing the right platform isn't just about ticking off boxes on a feature list. It’s about finding a tool that genuinely fits your firm’s size, workflow, and future goals. What works for a solo bookkeeper might create headaches for a 50-person accounting firm, and vice versa. The real question is: which platform will solve your most pressing problems without creating a whole new set of them?

Think about where your firm is right now and where you want it to be in a few years. Are you focused on streamlining a specific, painful process, like billing and collections? Or are you looking for a single system to manage every step of the client journey? Both Anchor and Ignition have their strengths, but they’re built with different philosophies in mind. One is a highly specialized tool designed to perfect the billing process, while the other is a broader, all-in-one solution. Let’s break down which one makes the most sense for your firm, so you can feel confident in your decision

‍

Anchor’s pay-as-you-go model ($5 per successful transaction) is a variable cost that scales directly with your revenue. This means your software expenses are always aligned with your income, which is a smarter way to protect your cash flow. You’re paying for the result - a successful payment—not just for access to a tool.

Ignition offers a monthly or annual software subscription (starting from $39 p/m when billed annually), plus charges for payment transaction fees. While Anchor does not charge for the software subscription, it charges $5 per payment received. Both Anchor and Ignition offer the option to pass on credit card payment fees to clients.

Yes. Go ahead and find a time the best fits you. Click here - > to book a time.

Setting up Anchor is completely free and takes just a few minutes. Once you sign up, you’ll be asked to set up your initial business profile and add your logos and business information, so your clients can receive agreements with your business look & feel. The average set up time takes about 4 minutes. In any case, we’re always here to help. Just email us at

‍

Anchor uses the highest forms of security available. All communication between your device, your servers, and Anchor is encrypted over HTTPS using up to 256-bit TLS encryption - the strength of protection you get with online banking. We never store credit card or bank account information. All of your data is stored on servers that are controlled with 24/7 monitoring and have strict physical access protocols.

When you receive a payment, and only then, Anchor deducts $5 from the funds you receive. Anchor is completely free to use throughout the entire process, including unlimited agreements, users, clients, and invoices.

Once your proposal is sent and signed, it acts as a live agreement between you and your client. Invoices, collections, payments, and reconciliation are generated from your agreement automatically – saving you time, money, and energy, eliminating manual labor and workarounds, and preventing mistakes. As your client payment information is collected when your agreement is signed (and Anchored.. 😉 ), all that’s left for you to do is enjoy watching the funds transferred to your account, on time, automatically.

Absolutely not!!! We developed Anchor knowing that the only constant in a business is change. You can add dynamic payment options, add new services in the middle of a billing cycle and address different billing dates, deliverable quantities and hour based caps. Anything that can be invoiced on paper, can be billed & collected with Anchor.

Yes! Anchor makes it easy to add your existing clients to the platform with ready-made templates. Plus, our team of success managers will help you migrate your clients over to Anchor. The entire set up takes just a few minutes and your clients will be up and running before your next billing cycle

‍