Anchor vs Ignition
Anchor
Accounting, bookkeeping and tax firms and other professional services firms
New York; founding year not published
Ignition
Accounting, tax and bookkeeping firms, agencies, consultants and other professional services businesses, from solo practitioners to multi-office firms
Founded 2013 in Australia; office in Sydney
Anchor and Ignition both automate proposals, billing and payment collection for accounting firms and other professional services businesses.
Anchor, based in New York, serves 21,000+ US firms and charges no subscription, taking US$5 from each payment received; Ignition, founded in Australia in 2013, has 8,500+ customers and sells monthly plans, from Solo at US$39 to Pro+ at US$399 in the US.
Anchor vs Ignition: side by side
“Not published” means the vendor does not state it.
| Anchor | Ignition | |
|---|---|---|
| What it does | Billing and collections automation: proposals and agreements that generate invoices, payment collection and reconciliation automatically | Proposals, contracts and engagement letters, invoicing, billing and payment collection, with workflow automation and AI price insights |
| Best for | Accounting, bookkeeping and tax firms and other professional services firms | Accounting, tax and bookkeeping firms, agencies, consultants and other professional services businesses, from solo practitioners to multi-office firms |
| Founded and HQ | New York; founding year not published | Founded 2013 in Australia; office in Sydney |
| Ownership and funding | Venture-backed; US$15m seed round led by Rapyd, Entrée Capital and Tal Ventures | Not published |
| Customers or users | 21,000+ US accounting firms and professional services owners | 8,500+ customers; 2.4 million+ clients engaged; US$13bn+ revenue earned by customers through it |
| Pricing | No subscription; US$5 deducted from each payment received; ACH bank transfers free; card fees of 2.9% + US$0.30 paid by the client | US: Core US$99, Pro US$229 and Pro+ US$399 a month billed annually (US$149, US$279 and US$499 monthly); Solo from US$39 a month for solo practitioners under US$150k revenue; Enterprise on request; 14-day free trial |
| Deployment and markets | US | Staff in Australia, New Zealand, the US, the UK and Ireland, Canada and the Philippines; US pricing published |
Main differences
Anchor has no subscription and deducts US$5 from each payment, with card fees paid by the client; Ignition charges a monthly subscription, from US$39 on Solo for solo practitioners to US$99, US$229 or US$399 on its other US plans billed annually.
Anchor serves US firms; Ignition has staff in Australia, New Zealand, the US, the UK and Ireland, Canada and the Philippines.
Anchor serves 21,000+ US accounting firms and professional services owners; Ignition has 8,500+ customers, who have engaged 2.4 million+ clients through it.
Both turn proposals and engagement letters into invoices and payments; Anchor reconciles payments automatically, and Ignition adds workflow automation and AI price insights.
Which to choose
Choose Anchor if
- You are a US firm and prefer a fee per payment to a monthly subscription
Choose Ignition if
- You have clients or staff outside the US, or want a fixed monthly plan with AI price insights
Compare further
Common questions
What is the difference between Anchor and Ignition?+
Anchor automates billing and collections: proposals and agreements generate invoices, collect payment and reconcile it automatically. Ignition covers proposals, contracts and engagement letters, invoicing, billing and payment collection, with workflow automation and AI price insights.
How much do Anchor and Ignition cost?+
Anchor has no subscription: it deducts US$5 from each payment received, ACH bank transfers are free, and card fees of 2.9% plus US$0.30 are paid by the client. Ignition's US plans cost US$99 (Core), US$229 (Pro) or US$399 (Pro+) a month billed annually, or US$149, US$279 and US$499 billed monthly; Solo starts at US$39 a month for solo practitioners with under US$150k in revenue, Enterprise is priced on request, and there is a 14-day free trial.
Where are Anchor and Ignition available?+
Anchor serves accounting firms and professional services businesses in the US. Ignition was founded in Australia and has staff in Australia, New Zealand, the US, the UK and Ireland, Canada and the Philippines.
Part of Accountio’s accounting technology coverage.
