Quick Overview
- 1#1: HighRadius - Delivers autonomous accounts receivable software that automates cash application, collections, and credit management to optimize cash flow.
- 2#2: Billtrust - Provides comprehensive order-to-cash solutions including eInvoicing, electronic payments, and automated collections.
- 3#3: Versapay - Offers a collaborative AR platform with customer self-service portals for streamlined invoicing, payments, and collections.
- 4#4: Esker - Automates end-to-end AR processes such as invoicing, cash application, deductions management, and collections.
- 5#5: Chaser - Automates accounts receivable with intelligent payment reminders, collections workflows, and real-time reporting for faster cash recovery.
- 6#6: Quadient AR - Streamlines accounts receivable operations through automation of invoicing, payments, and intelligent collections prioritization.
- 7#7: Invoiced - Modern AR platform that handles invoicing, online payments, and automated dunning to improve cash collection efficiency.
- 8#8: AvidXchange - Automates AR and AP workflows with electronic payments, invoice management, and cash application tools.
- 9#9: Bill.com - Facilitates accounts payable and receivable automation with invoicing, payments, and collections features for small businesses.
- 10#10: QuickBooks Online - Accounting software with integrated invoicing, payment processing, and reminders to manage and collect cash from customers.
Tools were selected and ranked based on feature depth (including automation, dunning, and reporting), performance reliability, ease of use, and overall value, ensuring a balanced and actionable guide for stakeholders.
Comparison Table
This comparison table helps businesses navigate cash collection software options, featuring tools like HighRadius, Billtrust, Versapay, Esker, and Chaser. Readers will learn key features, efficiency metrics, and pricing to streamline their cash flow management effectively.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | HighRadius Delivers autonomous accounts receivable software that automates cash application, collections, and credit management to optimize cash flow. | enterprise | 9.7/10 | 9.8/10 | 8.6/10 | 9.3/10 |
| 2 | Billtrust Provides comprehensive order-to-cash solutions including eInvoicing, electronic payments, and automated collections. | enterprise | 9.2/10 | 9.6/10 | 8.4/10 | 8.7/10 |
| 3 | Versapay Offers a collaborative AR platform with customer self-service portals for streamlined invoicing, payments, and collections. | specialized | 8.7/10 | 9.2/10 | 8.5/10 | 8.3/10 |
| 4 | Esker Automates end-to-end AR processes such as invoicing, cash application, deductions management, and collections. | enterprise | 8.5/10 | 9.2/10 | 7.8/10 | 8.0/10 |
| 5 | Chaser Automates accounts receivable with intelligent payment reminders, collections workflows, and real-time reporting for faster cash recovery. | specialized | 8.4/10 | 9.0/10 | 8.5/10 | 7.9/10 |
| 6 | Quadient AR Streamlines accounts receivable operations through automation of invoicing, payments, and intelligent collections prioritization. | enterprise | 8.2/10 | 8.7/10 | 7.6/10 | 7.9/10 |
| 7 | Invoiced Modern AR platform that handles invoicing, online payments, and automated dunning to improve cash collection efficiency. | specialized | 8.2/10 | 8.5/10 | 8.0/10 | 7.8/10 |
| 8 | AvidXchange Automates AR and AP workflows with electronic payments, invoice management, and cash application tools. | enterprise | 8.2/10 | 8.5/10 | 7.8/10 | 8.0/10 |
| 9 | Bill.com Facilitates accounts payable and receivable automation with invoicing, payments, and collections features for small businesses. | specialized | 8.1/10 | 8.3/10 | 8.4/10 | 7.7/10 |
| 10 | QuickBooks Online Accounting software with integrated invoicing, payment processing, and reminders to manage and collect cash from customers. | other | 7.5/10 | 8.0/10 | 7.5/10 | 7.0/10 |
Delivers autonomous accounts receivable software that automates cash application, collections, and credit management to optimize cash flow.
Provides comprehensive order-to-cash solutions including eInvoicing, electronic payments, and automated collections.
Offers a collaborative AR platform with customer self-service portals for streamlined invoicing, payments, and collections.
Automates end-to-end AR processes such as invoicing, cash application, deductions management, and collections.
Automates accounts receivable with intelligent payment reminders, collections workflows, and real-time reporting for faster cash recovery.
Streamlines accounts receivable operations through automation of invoicing, payments, and intelligent collections prioritization.
Modern AR platform that handles invoicing, online payments, and automated dunning to improve cash collection efficiency.
Automates AR and AP workflows with electronic payments, invoice management, and cash application tools.
Facilitates accounts payable and receivable automation with invoicing, payments, and collections features for small businesses.
Accounting software with integrated invoicing, payment processing, and reminders to manage and collect cash from customers.
HighRadius
enterpriseDelivers autonomous accounts receivable software that automates cash application, collections, and credit management to optimize cash flow.
Autonomous Cash Application using generative AI for 99% accuracy in reconciling complex payments without human intervention
HighRadius is an AI-powered Autonomous Receivables platform specializing in cash collection software that automates accounts receivable processes including intelligent cash application, predictive collections, and customer communications. It leverages machine learning for high-accuracy matching of payments to invoices, reducing days sales outstanding (DSO) by up to 50% and enabling touchless processing rates over 95%. Ranked #1, it integrates seamlessly with major ERPs like SAP and Oracle, providing real-time analytics and unified AR workspaces for finance teams.
Pros
- AI-driven automation achieves 95%+ touchless cash application and predictive collections scoring
- Comprehensive end-to-end AR suite with deep ERP integrations and real-time dashboards
- Proven DSO reduction and scalability for high-volume enterprises
Cons
- Enterprise-level pricing can be prohibitive for SMBs
- Initial setup and customization require significant time and expertise
- Advanced features may overwhelm users without dedicated training
Best For
Large enterprises with complex, high-volume accounts receivable operations seeking full AI automation to optimize cash flow.
Pricing
Custom enterprise subscription pricing starting at $100K+ annually, based on AR volume, modules, and users; contact for demo and quote.
Billtrust
enterpriseProvides comprehensive order-to-cash solutions including eInvoicing, electronic payments, and automated collections.
AI-driven collections intelligence that prioritizes accounts and automates dunning for optimal recovery rates
Billtrust is a leading accounts receivable (AR) automation platform specializing in cash collection software for B2B enterprises. It streamlines invoicing, payments, collections, and cash application through AI-driven insights, omnichannel delivery, and seamless ERP integrations like SAP and Oracle. The solution reduces days sales outstanding (DSO) by automating collections workflows and enhancing customer payment experiences, providing end-to-end visibility into cash flow.
Pros
- Comprehensive AR automation with AI-powered collections and predictions
- Robust integrations with major ERPs and accounting systems
- Omnichannel invoicing and payment options for faster customer adoption
Cons
- Custom enterprise pricing can be expensive for smaller businesses
- Steep learning curve and lengthy implementation for complex setups
- Limited transparency on pricing without sales consultation
Best For
Mid-market to enterprise B2B companies seeking advanced AR automation to accelerate cash collections and reduce DSO.
Pricing
Custom pricing based on invoice volume and business size; typically starts at $10,000+ annually for mid-market, with enterprise plans quoted via sales.
Versapay
specializedOffers a collaborative AR platform with customer self-service portals for streamlined invoicing, payments, and collections.
Collaborative AR Portal for real-time customer interactions, invoice views, and payments without emails or calls
Versapay is a collaborative accounts receivable (AR) automation platform that streamlines cash collection through digital invoicing, online payments, and an interactive customer portal. It automates payment reminders, dispute resolution, and collections workflows while providing AR analytics and seamless ERP integrations like NetSuite and QuickBooks. By fostering direct communication between AR teams and customers, it significantly reduces Days Sales Outstanding (DSO) and manual follow-ups.
Pros
- Highly intuitive customer portal for self-service payments and dispute management
- Robust automation for reminders, workflows, and AR analytics
- Strong integrations with major ERPs and accounting software
Cons
- Pricing is quote-based and not publicly transparent
- Geared more toward mid-market and enterprise, potentially overkill for SMBs
- Limited advanced customization for complex enterprise needs
Best For
Mid-sized B2B businesses seeking to accelerate cash collections through customer collaboration and AR automation.
Pricing
Custom quote-based pricing, typically starting at $500-$1,000/month for mid-market plans with per-transaction fees.
Esker
enterpriseAutomates end-to-end AR processes such as invoicing, cash application, deductions management, and collections.
Synergy AI Collections Cockpit for real-time prioritization of collection efforts based on predictive analytics
Esker is a cloud-based AI-driven platform specializing in accounts receivable automation, with its Cash Collection solution streamlining collections through intelligent dunning, promise-to-pay tracking, and automated workflows. It integrates deeply with ERPs like SAP and Oracle to prioritize high-risk accounts, predict payment delays, and optimize cash flow. The software reduces DSO by automating manual tasks and providing real-time visibility into receivables.
Pros
- Advanced AI for payment predictions and risk scoring
- Seamless integrations with major ERPs and CRMs
- Comprehensive reporting and analytics for cash flow optimization
Cons
- High implementation costs and complexity for smaller teams
- Steep learning curve for non-technical users
- Pricing lacks transparency, requiring custom quotes
Best For
Mid-to-large enterprises with complex AR processes seeking AI-enhanced collections automation.
Pricing
Custom enterprise pricing via quote, typically subscription-based starting at $50,000+ annually depending on volume and modules.
Chaser
specializedAutomates accounts receivable with intelligent payment reminders, collections workflows, and real-time reporting for faster cash recovery.
AI-powered Collections Intelligence that predicts late payments and automates personalized dunning strategies
Chaser is an automated accounts receivable (AR) software that streamlines cash collection by automating invoice delivery, payment reminders, and collections workflows. It integrates with major accounting platforms like Xero, QuickBooks, and Sage to provide real-time visibility into cash flow and overdue payments. The platform features a customer self-service portal for easy invoice access and payments, along with AI-powered insights to predict and prevent late payers.
Pros
- Robust automation for reminders and collections reduces manual effort significantly
- Seamless integrations with popular accounting software
- AI-driven cash flow forecasting and reporting tools
Cons
- Pricing scales quickly with invoice volume, less ideal for very small businesses
- Limited accounts payable (AP) functionality compared to full AR/AP suites
- Some advanced customizations require higher-tier plans
Best For
Mid-sized businesses with high invoice volumes seeking automated AR without complex setup.
Pricing
Starts at $49/month for basic plans (up to 100 invoices), scales to $199+/month for growth tiers based on volume; enterprise custom pricing.
Quadient AR
enterpriseStreamlines accounts receivable operations through automation of invoicing, payments, and intelligent collections prioritization.
AI-powered Intelligent Collections that dynamically prioritizes accounts based on payment predictions
Quadient AR is a comprehensive accounts receivable automation platform that streamlines cash collection through automated invoicing, payment processing, and intelligent dunning workflows. It leverages AI to prioritize high-risk accounts, predict payment behaviors, and optimize collections strategies across multiple communication channels. Designed for enterprise-scale operations, it integrates seamlessly with major ERPs like SAP, Oracle, and Microsoft Dynamics to enhance cash flow visibility and reduce DSO.
Pros
- AI-driven collections prioritization and risk scoring
- Robust ERP integrations and multi-channel communications
- Advanced analytics for cash flow forecasting
Cons
- Steep learning curve and complex initial setup
- High enterprise-level pricing
- Limited flexibility for small businesses
Best For
Mid-to-large enterprises with complex AR processes and existing ERP systems needing advanced automation.
Pricing
Custom quote-based pricing, typically starting at $20,000+ annually based on volume, users, and modules.
Invoiced
specializedModern AR platform that handles invoicing, online payments, and automated dunning to improve cash collection efficiency.
Intelligent collections workflows that automatically prioritize overdue accounts and personalize reminder sequences
Invoiced is an accounts receivable (AR) automation platform that streamlines invoicing, payment collection, and cash flow management for businesses. It offers automated billing, intelligent payment reminders, customer self-service portals, and real-time AR reporting to accelerate collections. Designed for integration with tools like QuickBooks and Xero, it helps reduce DSO (days sales outstanding) through customizable workflows and multi-channel payment options.
Pros
- Powerful automation for payment reminders and collections workflows
- Seamless integrations with popular accounting software like QuickBooks and Xero
- Real-time dashboards and AR aging reports for better cash flow visibility
Cons
- Pricing can be steep for very small businesses or low-volume users
- Some advanced customizations require higher-tier plans
- Occasional reports of slower customer support response times
Best For
Mid-sized B2B companies with recurring billing needs that want to automate AR without complex setups.
Pricing
Starts at $99/month for the Starter plan (up to 100 invoices), with Growth ($299/month) and Enterprise (custom) plans based on invoice volume and features.
AvidXchange
enterpriseAutomates AR and AP workflows with electronic payments, invoice management, and cash application tools.
Unified AP/AR platform with seamless two-way sync to ERP systems for end-to-end cash flow management.
AvidXchange is a payment automation platform with strong cash collection capabilities via its accounts receivable (AR) module, enabling businesses to automate invoicing, payment acceptance, and collections. It supports digital invoice delivery, multiple payment methods like ACH, credit cards, and virtual cards, along with automated reminders to accelerate cash inflow. Integrated with over 200 accounting and ERP systems such as QuickBooks, NetSuite, and Sage, it provides real-time visibility into receivables and helps reduce days sales outstanding (DSO).
Pros
- Deep integrations with major accounting and ERP systems
- Supports diverse payment methods with high acceptance rates
- Robust automation for reminders, matching, and reporting
Cons
- Pricing can be high for small businesses or low volumes
- User interface feels somewhat dated and complex for beginners
- Limited standalone AR focus; best as part of full AP/AR suite
Best For
Mid-sized businesses in industries like construction, healthcare, and nonprofits needing integrated AR collections alongside payables automation.
Pricing
Custom quote-based pricing; typically includes monthly platform fees starting at $500+ and per-transaction fees (e.g., 0.5-1% for payments).
Bill.com
specializedFacilitates accounts payable and receivable automation with invoicing, payments, and collections features for small businesses.
Automated invoice delivery and payment reminders with one-click reconciliation to accounting software
Bill.com is a cloud-based financial automation platform that excels in accounts payable but also offers solid accounts receivable (AR) tools for cash collection, including automated invoicing, online payment acceptance, and payment tracking. Businesses can send customizable invoices, accept payments via ACH, credit cards, or checks, and automate reminders to accelerate collections. It integrates seamlessly with QuickBooks, Xero, and other accounting software for efficient reconciliation and reporting.
Pros
- Seamless integrations with major accounting platforms like QuickBooks and Xero
- Multiple payment methods including ACH, credit card, and international options
- Automated reminders and workflows to speed up collections
Cons
- AR features are secondary to its stronger AP focus
- Pricing can be expensive for small businesses or low-volume users
- Limited advanced collections tools like dispute management or detailed aging analytics
Best For
Mid-sized businesses seeking an integrated AP/AR solution with strong automation and accounting integrations.
Pricing
Starts at $49/user/month (billed annually) for Essentials; Team ($79/user/month) and Corporate ($109/user/month) tiers available, plus add-ons and custom enterprise pricing.
QuickBooks Online
otherAccounting software with integrated invoicing, payment processing, and reminders to manage and collect cash from customers.
QuickBooks Payments for seamless, one-click invoice payments integrated directly with accounting records
QuickBooks Online is a comprehensive cloud-based accounting platform that includes strong cash collection capabilities through invoicing, online payment processing, and accounts receivable management. Users can create customizable invoices, accept payments via credit card, ACH, PayPal, and Apple Pay directly on invoices, and set up automated reminders for overdue payments. It also offers real-time tracking of receivables, aging reports, and bank reconciliation to streamline cash flow monitoring.
Pros
- Robust invoicing with multiple payment gateways including QuickBooks Payments
- Automated payment reminders and overdue invoice chasing
- Integrated A/R reports and bank feeds for easy reconciliation
Cons
- Overkill for businesses needing only cash collection without full accounting
- Steeper pricing and learning curve for non-accounting users
- Transaction fees on payments can add up (2.4-3.5% for cards)
Best For
Small to medium-sized businesses seeking integrated accounting and cash collection in one platform.
Pricing
Starts at $30/month (Simple Start) up to $200/month (Advanced), with annual discounts; plus payment processing fees.
Conclusion
The reviewed cash collection tools highlight powerful solutions for optimizing AR and cash flow, with HighRadius leading as the top choice for its comprehensive autonomous automation. Billtrust and Versapay follow closely, each offering unique strengths to cater to different operational needs, ensuring diverse audiences find effective options.
Don’t miss out—explore HighRadius to unlock streamlined cash management and accelerate your collections process.
Tools Reviewed
All tools were independently evaluated for this comparison