Quick Overview
- 1#1: HighRadius - Autonomous accounts receivable platform that automates invoicing, collections, cash application, and credit management with AI-driven insights.
- 2#2: Billtrust - Comprehensive order-to-cash solution focused on AR automation, electronic invoicing, and collections to accelerate cash flow.
- 3#3: Versapay - Collaborative AR platform that enables customer self-service payments, automated reminders, and shared invoicing views.
- 4#4: Chaser - Automated AR collections software that sends payment reminders, tracks invoices, and predicts payment behaviors.
- 5#5: YayPay - AI-powered AR automation tool for managing receivables, customer communications, and cash forecasting.
- 6#6: Esker - AR automation suite handling order-to-cash processes including invoicing, dispute management, and collections.
- 7#7: Receeve - AI-driven accounts receivable platform for automating collections, dunning, and payment matching.
- 8#8: Quadient AR - Integrated AR management software for automating receivables, customer communications, and cash application.
- 9#9: Collect! - Debt collection and accounts receivable software with client tracking, automated workflows, and reporting.
- 10#10: TrueAccord - Automated debt collection platform using behavioral science and digital communications for efficient recovery.
Tools were ranked based on functionality depth, user-friendliness, technological integration (including AI and automation), and overall value, ensuring a curated list of robust, practical, and impactful options.
Comparison Table
This comparison table examines leading Accounts Receivable Collection Software tools, featuring HighRadius, Billtrust, Versapay, Chaser, YayPay, and more, which aim to simplify invoice management and accelerate overdue payments. It outlines critical attributes like automation capabilities, user interface, and integration options to help readers assess which solution aligns with their business needs, whether prioritizing scalability, cost-effectiveness, or ease of use.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | HighRadius Autonomous accounts receivable platform that automates invoicing, collections, cash application, and credit management with AI-driven insights. | enterprise | 9.5/10 | 9.8/10 | 8.5/10 | 9.2/10 |
| 2 | Billtrust Comprehensive order-to-cash solution focused on AR automation, electronic invoicing, and collections to accelerate cash flow. | enterprise | 9.2/10 | 9.5/10 | 8.4/10 | 8.7/10 |
| 3 | Versapay Collaborative AR platform that enables customer self-service payments, automated reminders, and shared invoicing views. | enterprise | 8.7/10 | 9.2/10 | 8.4/10 | 8.2/10 |
| 4 | Chaser Automated AR collections software that sends payment reminders, tracks invoices, and predicts payment behaviors. | specialized | 8.6/10 | 8.9/10 | 8.4/10 | 8.2/10 |
| 5 | YayPay AI-powered AR automation tool for managing receivables, customer communications, and cash forecasting. | specialized | 8.7/10 | 9.2/10 | 8.5/10 | 8.0/10 |
| 6 | Esker AR automation suite handling order-to-cash processes including invoicing, dispute management, and collections. | enterprise | 8.2/10 | 8.7/10 | 7.8/10 | 7.9/10 |
| 7 | Receeve AI-driven accounts receivable platform for automating collections, dunning, and payment matching. | specialized | 8.4/10 | 8.6/10 | 9.1/10 | 8.2/10 |
| 8 | Quadient AR Integrated AR management software for automating receivables, customer communications, and cash application. | enterprise | 8.4/10 | 8.7/10 | 8.0/10 | 8.2/10 |
| 9 | Collect! Debt collection and accounts receivable software with client tracking, automated workflows, and reporting. | specialized | 8.2/10 | 9.1/10 | 7.4/10 | 8.0/10 |
| 10 | TrueAccord Automated debt collection platform using behavioral science and digital communications for efficient recovery. | specialized | 8.1/10 | 8.4/10 | 8.0/10 | 8.2/10 |
Autonomous accounts receivable platform that automates invoicing, collections, cash application, and credit management with AI-driven insights.
Comprehensive order-to-cash solution focused on AR automation, electronic invoicing, and collections to accelerate cash flow.
Collaborative AR platform that enables customer self-service payments, automated reminders, and shared invoicing views.
Automated AR collections software that sends payment reminders, tracks invoices, and predicts payment behaviors.
AI-powered AR automation tool for managing receivables, customer communications, and cash forecasting.
AR automation suite handling order-to-cash processes including invoicing, dispute management, and collections.
AI-driven accounts receivable platform for automating collections, dunning, and payment matching.
Integrated AR management software for automating receivables, customer communications, and cash application.
Debt collection and accounts receivable software with client tracking, automated workflows, and reporting.
Automated debt collection platform using behavioral science and digital communications for efficient recovery.
HighRadius
enterpriseAutonomous accounts receivable platform that automates invoicing, collections, cash application, and credit management with AI-driven insights.
Autonomous AI Collections Agent that handles 80% of collections tasks independently with generative AI for personalized communications
HighRadius is an AI-powered Autonomous Finance platform specializing in Accounts Receivable (AR) automation, with its Collections module leading in intelligent collections management. It leverages machine learning for payment predictions, risk segmentation, personalized customer communications, and automated workflows to accelerate cash flow. The software integrates deeply with ERPs like SAP and Oracle, providing finance teams with real-time dashboards and analytics to optimize collections strategies.
Pros
- Advanced AI-driven payment predictions and collections prioritization reduce DSO by up to 50%
- Comprehensive automation of workflows, communications, and dispute management saves 80% manual effort
- Seamless ERP integrations and robust analytics for enterprise-scale operations
Cons
- High implementation time and costs for full deployment
- Steep learning curve for non-technical finance users
- Pricing is premium and quote-based, not ideal for SMBs
Best For
Large enterprises with complex AR processes seeking AI automation to scale collections efficiently.
Pricing
Custom enterprise pricing, typically starting at $100K+ annually based on modules, users, and volume.
Billtrust
enterpriseComprehensive order-to-cash solution focused on AR automation, electronic invoicing, and collections to accelerate cash flow.
Billtrust's vast eInvoicing Network, connecting to over 2.5 million buyers for compliant, automated invoicing and payments.
Billtrust is a leading Accounts Receivable (AR) automation platform specializing in B2B invoicing, payments, collections, and cash application. It streamlines the entire AR lifecycle with features like electronic invoicing networks, automated dunning workflows, AI-driven cash matching, and customer self-service portals. Designed for mid-market to enterprise businesses, it integrates deeply with ERPs like SAP, Oracle, and NetSuite to reduce Days Sales Outstanding (DSO) and accelerate cash flow.
Pros
- Comprehensive AR suite with AI-powered cash application and automated collections
- Seamless ERP integrations and extensive e-invoicing network reaching millions of buyers
- Advanced analytics for visibility into AR performance and cash forecasting
Cons
- Pricing can be steep for smaller businesses
- Implementation requires significant setup time and resources
- User interface may feel complex for non-technical teams initially
Best For
Mid-market and enterprise B2B companies with high invoice volumes seeking end-to-end AR automation and ERP integration.
Pricing
Custom quote-based pricing starting around $10,000-$50,000 annually depending on invoice volume, features, and integrations; contact sales for details.
Versapay
enterpriseCollaborative AR platform that enables customer self-service payments, automated reminders, and shared invoicing views.
Collaborative AR (ARC) portal enabling direct customer-business interaction for faster resolutions and payments
Versapay is a cloud-based AR automation platform focused on collaborative accounts receivable management, enabling businesses to send digital invoices, accept online payments, and engage customers through a self-service portal. Customers can view invoices, make payments via ACH, credit card, or check conversion, set up autopay, and communicate directly with AR teams to resolve disputes or arrange plans. It integrates seamlessly with ERPs like NetSuite, QuickBooks, and Sage Intacct, providing real-time visibility into cash flow and DSO metrics. The emphasis on customer collaboration distinguishes it from traditional collection tools.
Pros
- Highly intuitive customer portal that reduces collection calls by up to 80%
- Robust ERP integrations for automated workflows and data sync
- Effective at lowering DSO through autopay and payment plans
Cons
- Pricing is custom and can be steep for small businesses
- Initial setup and customization require dedicated IT resources
- Limited advanced AI-driven collections analytics compared to top competitors
Best For
Mid-market to enterprise companies prioritizing customer-centric AR automation and ERP integration.
Pricing
Custom enterprise pricing based on invoice volume and features; typically starts at $500–$1,000/month with volume discounts.
Chaser
specializedAutomated AR collections software that sends payment reminders, tracks invoices, and predicts payment behaviors.
Intelligent automated chasing engine that sends personalized, multi-channel reminders based on smart rules and customer behavior
Chaser is an automated accounts receivable (AR) software designed to streamline invoicing, payment collections, and cash flow management for businesses. It automates personalized payment reminders across email, SMS, and WhatsApp, provides real-time AR dashboards, and integrates seamlessly with major accounting platforms like QuickBooks, Xero, and Sage. The platform helps reduce days sales outstanding (DSO) by enabling self-service payments through a branded customer portal and offering advanced reporting for credit control teams.
Pros
- Robust automation for payment reminders and chasing workflows saves significant time
- Strong integrations with popular accounting software for seamless data sync
- Real-time AR visibility and customizable dashboards for better cash flow insights
Cons
- Pricing can be steep for very small businesses or startups
- Advanced customization requires setup time and may overwhelm beginners
- Limited built-in dispute management compared to some enterprise competitors
Best For
Mid-sized businesses with moderate to high invoice volumes looking to automate AR collections and reduce overdue payments efficiently.
Pricing
Starts at $49/month for the Scale plan (up to 500 invoices), with Enterprise custom pricing for larger volumes.
YayPay
specializedAI-powered AR automation tool for managing receivables, customer communications, and cash forecasting.
AI Collections Engine that predicts payment risks and automates personalized outreach
YayPay is an AI-powered accounts receivable (AR) automation platform designed to streamline invoicing, payments, collections, and cash forecasting. It offers real-time dashboards for AR visibility, automated reminders, and a customer self-service portal to accelerate payments and reduce DSO. By integrating with ERP systems like NetSuite, QuickBooks, and Xero, it centralizes AR workflows and uses machine learning to prioritize high-impact collection actions.
Pros
- AI-driven collections prioritization based on customer behavior
- Seamless integrations with major accounting and ERP systems
- Real-time AR analytics and cash flow forecasting
Cons
- Pricing can be steep for small businesses
- Reporting customization is somewhat limited
- Initial setup and integration may take time
Best For
Mid-sized businesses with high invoice volumes seeking AI-enhanced AR automation and ERP integrations.
Pricing
Custom quote-based pricing, typically starting at $1,000/month based on invoice volume and features.
Esker
enterpriseAR automation suite handling order-to-cash processes including invoicing, dispute management, and collections.
Collections Intelligence AI that dynamically scores accounts, recommends strategies, and automates personalized dunning workflows
Esker Accounts Receivable is an AI-driven automation platform designed to optimize the entire order-to-cash process, including invoicing, collections, and cash application. It automates dunning communications, prioritizes overdue accounts using predictive analytics, and provides customer self-service portals for payments. The software excels in integrating with major ERP systems like SAP, Oracle, and Microsoft Dynamics to streamline AR operations for mid-to-large enterprises.
Pros
- Advanced AI-powered Collections Intelligence for prioritizing accounts and predicting payment risks
- Seamless integrations with leading ERPs like SAP, Oracle, and Dynamics
- Robust customer portal enabling self-service payments and dispute resolution
Cons
- High cost structure better suited for enterprises than SMBs
- Complex initial setup and configuration requiring IT involvement
- Reporting and dashboard customization could be more flexible
Best For
Mid-to-large enterprises with complex AR processes and existing ERP systems seeking AI automation for collections.
Pricing
Custom quote-based pricing; typically starts at $10,000+ annually per module, scaling with transaction volume and users.
Receeve
specializedAI-driven accounts receivable platform for automating collections, dunning, and payment matching.
AI-driven reminder sequencing that adapts to individual customer payment patterns for higher recovery rates
Receeve is an accounts receivable automation platform that helps businesses streamline collections by automating personalized invoice reminders via email, SMS, and letters. It provides real-time dashboards for monitoring overdue payments, cash flow forecasts, and customer payment behaviors. The software integrates seamlessly with accounting systems like QuickBooks, Xero, and Stripe to reduce DSO and improve recovery rates without manual intervention.
Pros
- Highly automated multi-channel reminders reduce manual follow-ups
- Intuitive dashboard with real-time AR analytics and forecasts
- Strong integrations with major accounting and payment platforms
Cons
- Limited advanced reporting compared to enterprise competitors
- Customization options for reminder templates are somewhat basic
- Pricing scales quickly with invoice volume for high-volume users
Best For
Small to mid-sized businesses seeking an easy-to-implement tool to automate routine collections and improve cash flow visibility.
Pricing
Starts at $49/month for Starter plan (up to 500 invoices), $149/month for Pro (up to 5,000), and custom Enterprise pricing; billed annually with volume-based scaling.
Quadient AR
enterpriseIntegrated AR management software for automating receivables, customer communications, and cash application.
Hybrid omnichannel delivery including automated print-and-mail for non-digital customers, ensuring comprehensive reach in collections
Quadient AR is a cloud-based accounts receivable automation platform that streamlines invoicing, payment collection, and customer communications to accelerate cash flow and reduce days sales outstanding (DSO). It offers intelligent workflows for automated reminders, dunning management, and dispute handling across omnichannel delivery including email, SMS, print, and self-service portals. Designed primarily for mid-market to enterprise organizations, it integrates deeply with ERPs like SAP, Oracle, and Microsoft Dynamics for seamless AR management.
Pros
- Advanced omnichannel communications for personalized collections across digital and print channels
- Seamless ERP integrations and robust analytics for AR visibility
- Scalable automation workflows that reduce manual collection efforts
Cons
- Pricing is enterprise-focused and requires custom quotes, less ideal for SMBs
- Initial setup and customization can involve a learning curve
- Reporting customization may require IT involvement for complex needs
Best For
Mid-sized to large enterprises with high-volume AR needing sophisticated omnichannel collection strategies and ERP integration.
Pricing
Subscription-based with custom pricing starting at around $10,000 annually for mid-market; scales with volume and features—contact sales for quote.
Collect!
specializedDebt collection and accounts receivable software with client tracking, automated workflows, and reporting.
Advanced workflow automation engine that allows infinite customization of collection strategies and processes without coding
Collect! is a comprehensive accounts receivable and debt collection software tailored for collection agencies and businesses managing overdue payments. It offers robust tools for debtor tracking, payment processing, automated workflows, legal action management, and compliance with regulations like FDCPA and TCPA. The platform supports unlimited accounts, customizable reporting, and integrations for skip tracing and telephony.
Pros
- Extremely customizable workflows and fields
- Powerful reporting and debtor management capabilities
- Scalable for high-volume agencies with strong compliance tools
Cons
- Dated interface requiring training
- Steep learning curve for new users
- Limited native mobile app functionality
Best For
Mid-sized to large collection agencies needing deep customization and handling complex, high-volume AR portfolios.
Pricing
Custom quote-based pricing with perpetual licenses starting around $2,500-$10,000 plus annual maintenance fees of 20%; no public tiered plans.
TrueAccord
specializedAutomated debt collection platform using behavioral science and digital communications for efficient recovery.
AI-driven personalized multi-channel communications (email, SMS, chat) with behavioral science for higher engagement
TrueAccord is a digital-first accounts receivable collections platform that automates debt recovery through personalized emails, SMS, chat, and self-service payment options. It focuses on improving customer experience with flexible payment plans and behavioral nudges to encourage resolutions without aggressive tactics. Designed for compliance with regulations like FDCPA, it integrates with existing billing systems to streamline delinquent account management for businesses.
Pros
- High recovery rates (often 2-3x traditional methods)
- Strong compliance tools and customer-friendly approach
- Scalable automation reduces manual effort
Cons
- Limited traditional collection methods like phone calls
- Integration setup can be complex for smaller teams
- Performance-based pricing may vary by portfolio quality
Best For
Mid-sized lenders, utilities, and financial services needing efficient digital collections without agency outsourcing.
Pricing
Contingency-based at 20-35% of collected amounts; no upfront fees.
Conclusion
The top accounts receivable collection software reviewed deliver powerful solutions, with HighRadius leading as the top choice, boasting an autonomous AI-driven platform that automates invoicing, collections, and cash management. Billtrust and Versapay follow, offering strong alternatives—Billtrust with comprehensive order-to-cash capabilities and Versapay for collaborative, customer-focused tools—each tailored to distinct business needs. Together, these platforms set the standard for efficient receivables management.
Don’t miss the opportunity to optimize your cash flow; start with HighRadius to experience its automated, AI-powered efficiency, or explore Billtrust or Versapay to find the perfect fit for your operations.
Tools Reviewed
All tools were independently evaluated for this comparison