Statey does one job well: it will send regular statements to your customers. If that’s all you need, it’s a great solution. If you’re looking for an alternative, it’s probably because you want to get more proactive with your credit control and debtor management. This guide covers the main Xero statement add-ons, what each does beyond statements, and where the price lands.
Summary
- The short answer: Statey is fully focused on sending statements; it doesn’t chase, escalate, or flag problems to you. If you want statements plus chasing, Trove is an alternative starting at £50/month.
- Best fit for Statey: a business that genuinely only wants the monthly statement automated and needs age analysis included on statements.
- Best fit for Chaser: larger finance teams looking for statements as part of an integrated solution that includes credit monitoring and a pathway to debt collection.
- Best fit for Trove: small businesses using Xero who want statements and chasing together at a fixed £50/month.
What to look for in a Statey alternative
A statement tool sends statements. A credit control tool sends statements and focuses on reducing your overdue balance. Here are some of the features people evaluate when comparing tools:
- Whether it goes beyond the statement into reminders and escalation
- Whether you can control who gets statements
- How the price behaves as your invoice volume grows
The options compared
| Tool | Beyond statements? | Control recipients | Pricing model | From |
|---|---|---|---|---|
| Statey | No, statements only | - Option of ‘do not send’ | Fixed | £8 |
| Trove | Yes | - Option of ‘do not send’ - Automatically enrol different customers in different workflows | Fixed | £50 |
| Chaser | Yes | - Option of ‘do not send’ - Manually enrol different customers in different workflows | Tiered, based on revenue volume | £199 |
Where each one fits
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Statey suits a business that genuinely only wants a monthly statement and nothing more. If you’re happy logging into Xero to chase manually or using Xero’s in-built reminders and you just want the statement automated, this is a good tool.
- ⚠️ The £8 plan includes a Statey watermark and does not send from your email domain. These features are only available on the £40 plan.
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Chaser is a more mature accounts receivable tool built for businesses with a dedicated finance function, with many of their featured customers at 100+ employees. It has more functionality beyond just statements and the price reflects that. If you are looking for a fully-featured accounts receivable tool designed for a finance team, Chaser is a good bet.
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Trove is built for smaller businesses using Xero who want statements alongside automated chasing for unpaid invoices. Trove sends statements, runs reminder workflows, and has the functionality to get granular on who receives what. The price is fixed at £50 a month and doesn’t move with your invoice volume.
The takeaway
Statey is a solid statement sender. If you’ve outgrown “just a statement” and your debtor days need tackling, Trove does statements and chasing together at £50 per month. If you are looking to enhance your credit control with add-ons like credit monitoring and debt collection, Chaser is the place to start.
Trove runs a free 30-day trial and takes about five minutes to connect to your Xero account.
FAQ
What does Statey do?
Statey is a Xero add-on that sends statements to customers with an overdue balance on a set day each month. It automates statements but doesn’t chase invoices or escalate.
What’s the difference between a statement tool and a credit control tool?
A statement tool sends customers a summary of what they owe. A credit control tool also chases the overdue balance with reminders and escalation, and can flag problem accounts to you. Trove does both.
Can I send Xero statements only to overdue customers?
Yes, with the right tool. Trove lets you restrict statements to accounts with an overdue balance, so customers who have outstanding invoices only aren’t emailed.
Which Xero statement tool is cheapest for high invoice volume?
Tools that price by invoice volume get expensive as you scale. Trove is fixed at £50 a month regardless of volume, which usually makes it the cheaper option for businesses billing weekly or sending high invoice counts.
