Quick Overview
- 1#1: HighRadius - AI-powered autonomous receivables suite that automates collections, cash application, and AR management end-to-end.
- 2#2: CollectAI - AI-driven collections platform that predicts payment behavior and automates personalized dunning communications.
- 3#3: Chaser - Automated accounts receivable software for chasing overdue invoices with reminders, partial payments, and reporting.
- 4#4: TrueAccord - Digital-first collections platform using automation, behavioral science, and SMS/email for consumer debt recovery.
- 5#5: Billtrust - Enterprise order-to-cash solution with AR automation, electronic invoicing, and collections workflows.
- 6#6: Esker - AI-enabled accounts receivable automation for order-to-cash processes including collections and disputes.
- 7#7: Quadient AR - Comprehensive AR automation software for invoicing, payments, and intelligent collections strategies.
- 8#8: Receeve - Automated AR platform with AI-powered credit control, reminders, and real-time cash flow insights.
- 9#9: Versapay - Collaborative AR platform that automates invoicing, payments, and collections with customer portals.
- 10#10: ReDebt - AI-powered debt collection software automating communications and compliance for efficient recovery.
We ranked tools based on feature depth (including automation scalability and AI integration), user experience (intuitive design and support), reliability (consistent performance and compliance), and overall value, ensuring relevance for businesses of all sizes.
Comparison Table
Navigate the landscape of automated collections software with a curated table featuring industry leaders like HighRadius, CollectAI, Chaser, TrueAccord, Billtrust, and more. This resource breaks down key features, usability, and practical fit to help businesses identify tools that streamline invoicing, reduce delays, and enhance cash flow effectively.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | HighRadius AI-powered autonomous receivables suite that automates collections, cash application, and AR management end-to-end. | enterprise | 9.4/10 | 9.7/10 | 8.5/10 | 9.1/10 |
| 2 | CollectAI AI-driven collections platform that predicts payment behavior and automates personalized dunning communications. | specialized | 8.9/10 | 9.3/10 | 8.4/10 | 8.6/10 |
| 3 | Chaser Automated accounts receivable software for chasing overdue invoices with reminders, partial payments, and reporting. | specialized | 8.7/10 | 9.2/10 | 8.5/10 | 8.3/10 |
| 4 | TrueAccord Digital-first collections platform using automation, behavioral science, and SMS/email for consumer debt recovery. | specialized | 8.7/10 | 9.2/10 | 8.5/10 | 8.0/10 |
| 5 | Billtrust Enterprise order-to-cash solution with AR automation, electronic invoicing, and collections workflows. | enterprise | 8.4/10 | 8.7/10 | 7.8/10 | 8.0/10 |
| 6 | Esker AI-enabled accounts receivable automation for order-to-cash processes including collections and disputes. | enterprise | 8.2/10 | 8.7/10 | 7.9/10 | 7.6/10 |
| 7 | Quadient AR Comprehensive AR automation software for invoicing, payments, and intelligent collections strategies. | enterprise | 8.2/10 | 8.7/10 | 7.5/10 | 7.9/10 |
| 8 | Receeve Automated AR platform with AI-powered credit control, reminders, and real-time cash flow insights. | specialized | 8.1/10 | 8.5/10 | 7.9/10 | 7.6/10 |
| 9 | Versapay Collaborative AR platform that automates invoicing, payments, and collections with customer portals. | enterprise | 8.4/10 | 9.0/10 | 8.2/10 | 7.9/10 |
| 10 | ReDebt AI-powered debt collection software automating communications and compliance for efficient recovery. | specialized | 7.3/10 | 7.6/10 | 7.1/10 | 6.9/10 |
AI-powered autonomous receivables suite that automates collections, cash application, and AR management end-to-end.
AI-driven collections platform that predicts payment behavior and automates personalized dunning communications.
Automated accounts receivable software for chasing overdue invoices with reminders, partial payments, and reporting.
Digital-first collections platform using automation, behavioral science, and SMS/email for consumer debt recovery.
Enterprise order-to-cash solution with AR automation, electronic invoicing, and collections workflows.
AI-enabled accounts receivable automation for order-to-cash processes including collections and disputes.
Comprehensive AR automation software for invoicing, payments, and intelligent collections strategies.
Automated AR platform with AI-powered credit control, reminders, and real-time cash flow insights.
Collaborative AR platform that automates invoicing, payments, and collections with customer portals.
AI-powered debt collection software automating communications and compliance for efficient recovery.
HighRadius
enterpriseAI-powered autonomous receivables suite that automates collections, cash application, and AR management end-to-end.
GenAI-powered Autonomous Collections Agent that dynamically orchestrates workflows and resolves 80-90% of cases without human intervention
HighRadius Automated Collections is an AI-powered platform designed to automate end-to-end collections management, including customer segmentation, payment risk prediction, and personalized dunning workflows. It uses machine learning to prioritize accounts, recommend next-best-actions for collectors, and achieve high touchless resolution rates, significantly reducing Days Sales Outstanding (DSO). The solution integrates deeply with ERP systems like SAP and Oracle, providing real-time dashboards and analytics for finance teams.
Pros
- Advanced AI/ML for accurate payment predictions and risk scoring
- High automation rates (up to 90% touchless collections)
- Seamless ERP integrations and robust reporting capabilities
Cons
- Complex initial setup and customization for non-enterprise users
- Premium pricing may not suit small businesses
- Steep learning curve for full AI feature utilization
Best For
Large enterprises with complex AR portfolios seeking AI-driven DSO reduction and collector productivity gains.
Pricing
Quote-based enterprise pricing; typically $100K+ annually depending on modules, users, and transaction volume.
CollectAI
specializedAI-driven collections platform that predicts payment behavior and automates personalized dunning communications.
AI 'digital collector' that dynamically adapts communication strategies using predictive analytics for optimal debtor engagement
CollectAI is an AI-powered accounts receivable automation platform designed to streamline collections processes for businesses. It automates personalized reminders via email, SMS, letters, and calls, using machine learning to optimize timing, tone, and channels based on debtor behavior. The software integrates with ERP and accounting systems to reduce days sales outstanding (DSO) and boost cash flow efficiency.
Pros
- Advanced AI personalization for higher response rates
- Multi-channel automation including calls and letters
- Strong integrations with major ERP/accounting software
Cons
- Custom pricing can be opaque and higher for SMBs
- Steeper learning curve for advanced configurations
- Primarily focused on European markets with limited global support
Best For
Mid-sized to enterprise businesses seeking intelligent, scalable AR automation to minimize manual collections efforts.
Pricing
Custom enterprise pricing based on invoice volume; typically starts at €5,000/year for mid-tier plans, with quotes required.
Chaser
specializedAutomated accounts receivable software for chasing overdue invoices with reminders, partial payments, and reporting.
Adaptive Chase Workflows that automatically adjust reminder sequences based on customer payment history and behavior
Chaser is an automated collections software platform focused on accounts receivable (AR) management, automating payment reminders, invoice tracking, and cash flow optimization. It integrates seamlessly with accounting tools like Xero, QuickBooks, and Sage to streamline collections workflows and reduce overdue payments. Businesses use Chaser to gain real-time visibility into receivables, predict payment behaviors, and improve DSO (days sales outstanding) through intelligent automation.
Pros
- Powerful automation for personalized payment reminders and workflows
- Strong integrations with major accounting software
- Real-time dashboards and cash flow forecasting tools
Cons
- Pricing scales quickly for larger teams
- Limited advanced customization for complex enterprise needs
- Occasional delays in customer support response
Best For
Mid-sized businesses seeking efficient AR automation to accelerate collections without extensive manual oversight.
Pricing
Starts at $49/user/month for Starter plan (billed annually), up to $149/user/month for Enterprise, with custom quotes available.
TrueAccord
specializedDigital-first collections platform using automation, behavioral science, and SMS/email for consumer debt recovery.
Behavioral AI that dynamically personalizes debtor interactions to boost engagement and payments without aggressive tactics
TrueAccord is an AI-powered automated collections platform designed to recover consumer debt through personalized digital communications, including emails, SMS, and automated calls. It uses machine learning to optimize outreach timing, messaging, and payment plans, achieving higher recovery rates with a humane, compliant approach. The software streamlines workflows for accounts receivable teams, reducing manual effort while adhering to FDCPA and other regulations.
Pros
- Exceptional AI-driven personalization for higher recovery rates
- Multi-channel automation (email, SMS, voice) with built-in compliance
- User-friendly dashboard for monitoring campaigns and performance
Cons
- Custom pricing lacks transparency and can be premium
- Integration with legacy systems may require setup time
- Best suited for consumer debt, less flexible for commercial collections
Best For
Mid-to-large financial institutions and debt collectors handling high volumes of consumer accounts who prioritize recovery rates and regulatory compliance.
Pricing
Custom enterprise pricing based on debt volume and features; typically starts at several thousand dollars per month—contact sales for quotes.
Billtrust
enterpriseEnterprise order-to-cash solution with AR automation, electronic invoicing, and collections workflows.
AI-powered intelligent collections that automatically prioritizes accounts and personalizes dunning strategies
Billtrust is a robust AR automation platform specializing in B2B order-to-cash processes, including automated invoicing, payments, collections, and cash application. It leverages AI and machine learning to prioritize high-risk accounts, automate dunning workflows, and provide customer self-service portals for faster resolutions. Designed for mid-to-large enterprises, it integrates seamlessly with major ERPs like SAP and Oracle to streamline collections and improve cash flow visibility.
Pros
- Comprehensive AI-driven collections automation reduces DSO effectively
- Strong ERP integrations and scalable for enterprise use
- Advanced analytics and reporting for collections insights
Cons
- Steep learning curve for initial setup and configuration
- Pricing can be prohibitive for small to mid-sized businesses
- Limited flexibility in customizing workflows without professional services
Best For
Mid-market to large enterprises with complex B2B AR processes seeking full order-to-cash automation.
Pricing
Custom enterprise pricing; typically starts at $20,000+ annually based on modules, volume, and company size.
Esker
enterpriseAI-enabled accounts receivable automation for order-to-cash processes including collections and disputes.
AI Collections Orchestrator that uses machine learning to dynamically prioritize high-risk accounts and optimize recovery strategies
Esker Collections is an AI-driven accounts receivable automation platform designed to streamline collections processes for finance teams. It automates personalized customer communications across email, SMS, voice, and print, while tracking promise-to-pay and managing disputes through intelligent workflows. The solution provides real-time dashboards, predictive analytics, and seamless integrations with ERP systems like SAP and Oracle for enhanced AR visibility and efficiency.
Pros
- AI-powered prioritization and personalization of collections efforts
- Multi-channel outreach with automated workflows and self-service portal
- Deep integrations with major ERPs for real-time data sync
Cons
- High enterprise-level pricing not ideal for SMBs
- Customization and implementation can require significant setup time
- Limited transparency on pricing without a demo
Best For
Mid-to-large enterprises with complex AR operations needing integrated ERP automation for collections.
Pricing
Quote-based subscription model, typically starting at $5,000+ per month depending on volume, users, and modules.
Quadient AR
enterpriseComprehensive AR automation software for invoicing, payments, and intelligent collections strategies.
Integrated Customer Communications Management (CCM) for personalized, omnichannel AR interactions across digital and print channels
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 features automated workflows for collections, self-service customer portals, and omnichannel engagement via email, SMS, and print. The software integrates with major ERPs like SAP and Oracle, providing analytics and dispute management for comprehensive AR oversight.
Pros
- Robust automation for collections workflows and dunning sequences
- Seamless ERP integrations and multi-channel communications
- Advanced analytics and reporting for cash flow forecasting
Cons
- Steep learning curve for setup and configuration
- Pricing lacks transparency and can be costly for SMBs
- Limited flexibility in custom reporting without add-ons
Best For
Mid-to-large enterprises with complex ERP environments seeking integrated AR automation and customer communication tools.
Pricing
Quote-based subscription pricing, typically starting at $5,000+ per month based on invoice volume, users, and modules.
Receeve
specializedAutomated AR platform with AI-powered credit control, reminders, and real-time cash flow insights.
AI Negotiation Agent that autonomously handles payment plan discussions and dispute resolution
Receeve is an AI-driven automated collections platform designed to handle overdue accounts receivable through intelligent, multi-channel communications including email, SMS, WhatsApp, and letters. It automates reminders, disputes, and payment negotiations using machine learning to personalize interactions and boost recovery rates. The software integrates with major accounting systems like Xero, QuickBooks, and Sage, while prioritizing regulatory compliance such as GDPR and FDCPA.
Pros
- Fully automated AI agents manage end-to-end collections process
- Multi-channel outreach with personalized, compliant messaging
- Seamless integrations with popular accounting and CRM tools
Cons
- Pricing can be high for small businesses with low volume
- Reporting and analytics lack advanced customization options
- Limited scalability for enterprise-level complexity
Best For
Mid-sized businesses seeking hands-off automation for accounts receivable without dedicated collections staff.
Pricing
Custom subscription starting at €99/month for basic plans, scaling with debtor volume and features (typically €500+ for mid-tier).
Versapay
enterpriseCollaborative AR platform that automates invoicing, payments, and collections with customer portals.
Collaborative AR customer portal enabling self-service payments, disputes, and direct communication
Versapay is a collaborative accounts receivable (AR) automation platform designed to streamline invoicing, payments, and collections. It features a customer self-service portal where clients can view invoices, make payments, submit disputes, and communicate directly, reducing manual follow-ups. The software integrates seamlessly with ERPs like NetSuite, QuickBooks, and Sage, automating reminders, workflows, and reporting to accelerate cash flow.
Pros
- Highly effective customer portal boosts payment rates and reduces DSO
- Robust ERP integrations for seamless automation
- Strong dispute management and collaboration tools improve customer relationships
Cons
- Pricing is quote-based and can be steep for small businesses
- Initial setup requires ERP integration expertise
- Reporting customization is somewhat limited compared to enterprise rivals
Best For
Mid-market B2B companies seeking to automate collections while fostering better customer interactions.
Pricing
Custom quote-based pricing, typically starting at $500-$1,000/month depending on invoice volume and features.
ReDebt
specializedAI-powered debt collection software automating communications and compliance for efficient recovery.
AI-driven skip tracing integration for locating hard-to-reach debtors
ReDebt is an automated collections software platform that helps debt collection agencies streamline recovery efforts through multi-channel communications like SMS, email, IVR calls, and letters. It features a self-service debtor portal for payments, compliance tools for FDCPA/TCPA adherence, and analytics dashboards for performance tracking. Designed for efficiency, it automates workflows from initial outreach to dispute resolution.
Pros
- Multi-channel automation (SMS, email, calls) reduces manual effort
- Built-in compliance monitoring ensures regulatory adherence
- Debtor portal boosts self-payment rates
Cons
- Reporting customization is limited compared to top competitors
- Setup requires some technical know-how for integrations
- Pricing scales quickly with high-volume usage
Best For
Mid-sized collection agencies seeking reliable automation without enterprise-level complexity.
Pricing
Starts at $149/month for basic plan (up to 1,000 accounts); enterprise tiers from $499/month based on volume.
Conclusion
HighRadius claims the top spot with its AI-powered autonomous receivables suite, automating collections, cash application, and AR management end-to-end. CollectAI and Chaser stand as strong alternatives, with CollectAI excelling in predictive payment behavior and personalized dunning, and Chaser offering efficient reminders and partial payment tools. These top three highlight the diverse ways automation streamlines receivables, each suited to different operational needs.
Start with HighRadius to experience seamless, AI-driven receivables management, or explore CollectAI or Chaser if specific features like predictive insights or targeted reminders match your workflow better.
Tools Reviewed
All tools were independently evaluated for this comparison