Quick Overview
- 1#1: HighRadius - AI-powered autonomous accounts receivable platform that automates invoicing, collections, and cash application.
- 2#2: Billtrust - Comprehensive digital AR solution for order-to-cash automation including electronic invoicing and collections.
- 3#3: Esker - Automates AR processes from invoicing and dunning to cash allocation and customer communications.
- 4#4: Versapay - Collaborative AR platform with customer self-service portals for faster invoice payments and collections.
- 5#5: Chaser - Automates invoice reminders, payment requests, and collections workflows to accelerate cash flow.
- 6#6: Gaviti - AR automation software with AI-driven collections, credit management, and e-invoicing capabilities.
- 7#7: Quadient AR - Cloud-based AR management tool for automating receivables, disputes, and collections processes.
- 8#8: Invoiced - Modern AR platform that streamlines invoicing, payments, and automated collections.
- 9#9: Collect.ai - AI-driven collections software that personalizes reminders and predicts payment behaviors.
- 10#10: YayPay - Cloud AR automation suite for managing receivables, customer communications, and payment tracking.
Tools were ranked based on key factors including feature depth (such as automation, dispute resolution, and customer self-service), usability, reliability, and overall value, ensuring they effectively address the varied needs of businesses optimizing their receivables management.
Comparison Table
Navigate the landscape of invoice collections software with our curated comparison table, highlighting tools like HighRadius, Billtrust, Esker, Versapay, Chaser, and more. This resource equips readers to compare features, workflows, and capabilities, helping them find the best fit for their business’s unique collection needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | HighRadius AI-powered autonomous accounts receivable platform that automates invoicing, collections, and cash application. | enterprise | 9.4/10 | 9.7/10 | 8.6/10 | 9.1/10 |
| 2 | Billtrust Comprehensive digital AR solution for order-to-cash automation including electronic invoicing and collections. | enterprise | 9.2/10 | 9.5/10 | 8.2/10 | 8.7/10 |
| 3 | Esker Automates AR processes from invoicing and dunning to cash allocation and customer communications. | enterprise | 8.4/10 | 9.1/10 | 7.6/10 | 7.9/10 |
| 4 | Versapay Collaborative AR platform with customer self-service portals for faster invoice payments and collections. | enterprise | 8.7/10 | 9.2/10 | 8.4/10 | 8.1/10 |
| 5 | Chaser Automates invoice reminders, payment requests, and collections workflows to accelerate cash flow. | specialized | 8.7/10 | 9.2/10 | 8.5/10 | 8.0/10 |
| 6 | Gaviti AR automation software with AI-driven collections, credit management, and e-invoicing capabilities. | specialized | 8.2/10 | 8.5/10 | 7.7/10 | 7.9/10 |
| 7 | Quadient AR Cloud-based AR management tool for automating receivables, disputes, and collections processes. | enterprise | 8.1/10 | 8.5/10 | 7.4/10 | 7.7/10 |
| 8 | Invoiced Modern AR platform that streamlines invoicing, payments, and automated collections. | specialized | 8.1/10 | 8.5/10 | 7.9/10 | 7.6/10 |
| 9 | Collect.ai AI-driven collections software that personalizes reminders and predicts payment behaviors. | specialized | 8.4/10 | 9.1/10 | 8.0/10 | 7.7/10 |
| 10 | YayPay Cloud AR automation suite for managing receivables, customer communications, and payment tracking. | specialized | 8.2/10 | 8.7/10 | 8.0/10 | 7.8/10 |
AI-powered autonomous accounts receivable platform that automates invoicing, collections, and cash application.
Comprehensive digital AR solution for order-to-cash automation including electronic invoicing and collections.
Automates AR processes from invoicing and dunning to cash allocation and customer communications.
Collaborative AR platform with customer self-service portals for faster invoice payments and collections.
Automates invoice reminders, payment requests, and collections workflows to accelerate cash flow.
AR automation software with AI-driven collections, credit management, and e-invoicing capabilities.
Cloud-based AR management tool for automating receivables, disputes, and collections processes.
Modern AR platform that streamlines invoicing, payments, and automated collections.
AI-driven collections software that personalizes reminders and predicts payment behaviors.
Cloud AR automation suite for managing receivables, customer communications, and payment tracking.
HighRadius
enterpriseAI-powered autonomous accounts receivable platform that automates invoicing, collections, and cash application.
Autonomous Collections AI that dynamically prioritizes tasks, predicts payment behaviors, and automates 80%+ of collection actions without human intervention
HighRadius is an AI-powered autonomous finance platform specializing in invoice-to-cash automation, with advanced collections management capabilities. It automates dunning workflows, prioritizes high-risk accounts using predictive AI, and streamlines customer communications across email, SMS, portal, and phone. The software integrates seamlessly with ERPs like SAP and Oracle, enabling finance teams to reduce Days Sales Outstanding (DSO) by up to 50% and boost collection efficiency.
Pros
- AI-driven collections prioritization and promise-to-pay capture for optimal efficiency
- Omnichannel customer engagement with self-service portals
- Robust ERP integrations and real-time analytics for enterprise-scale operations
Cons
- High implementation costs and complexity for smaller businesses
- Steep learning curve despite intuitive dashboards
- Custom pricing lacks transparency for mid-market users
Best For
Large enterprises with high-volume accounts receivable seeking AI-automated collections to minimize DSO and manual effort.
Pricing
Enterprise quote-based pricing, typically starting at $100,000+ annually depending on modules, volume, and customizations.
Billtrust
enterpriseComprehensive digital AR solution for order-to-cash automation including electronic invoicing and collections.
AI-powered collections orchestration that automates customer communications and dynamically prioritizes high-risk accounts across multiple channels
Billtrust is a robust invoice-to-cash automation platform tailored for B2B organizations, specializing in digital invoicing, automated collections, payment processing, and cash application to streamline accounts receivable processes. It leverages AI-driven insights to prioritize collections efforts, reduce days sales outstanding (DSO), and improve cash flow visibility. With deep integrations to major ERPs like SAP, Oracle, and NetSuite, it enables seamless data flow and scalable AR management for mid-market to enterprise users.
Pros
- Comprehensive AR automation including intelligent dunning and omnichannel payments
- Advanced analytics for DSO forecasting and collections prioritization
- Strong ERP integrations and scalability for high-volume invoicing
Cons
- Complex setup and implementation requiring professional services
- High cost structure suited more for larger enterprises
- Steep learning curve for non-technical users
Best For
Mid-market to enterprise B2B companies with complex AR needs aiming to automate collections and accelerate cash flow.
Pricing
Custom enterprise pricing based on invoice volume and modules; typically starts at $10,000+ annually with tiered plans.
Esker
enterpriseAutomates AR processes from invoicing and dunning to cash allocation and customer communications.
AI Collections Assistant that predicts payment behavior and automates personalized outreach to accelerate collections.
Esker is a comprehensive AI-driven accounts receivable automation platform specializing in invoice collections, automating the entire AR process from invoicing to cash application. Its collections module uses intelligent prioritization to focus efforts on high-risk accounts, automates customer communications like dunning emails and portals, and provides real-time visibility into cash flow. Designed for mid-to-large enterprises, it integrates with ERP systems to streamline overdue invoice management and reduce DSO effectively.
Pros
- AI-powered collections prioritization based on payment propensity and risk scoring
- Robust automation for reminders, disputes, and customer self-service portals
- Seamless integrations with major ERPs like SAP, Oracle, and Microsoft Dynamics
Cons
- Complex setup and customization requiring IT involvement
- Pricing is opaque and geared toward larger enterprises, less ideal for SMBs
- Steep learning curve for non-technical users
Best For
Mid-to-large enterprises with high invoice volumes seeking advanced AI automation for AR collections to optimize cash flow.
Pricing
Custom quote-based pricing, typically subscription model starting at $5,000+ per month depending on volume, users, and modules.
Versapay
enterpriseCollaborative AR platform with customer self-service portals for faster invoice payments and collections.
Collaborative customer portal that allows clients to view invoices, make payments, and resolve disputes directly, enhancing relationships.
Versapay is a collaborative accounts receivable (AR) automation platform that streamlines invoice collections by enabling digital invoicing, online payments, and self-service customer portals. It focuses on fostering better payment relationships between businesses and their customers, helping to reduce days sales outstanding (DSO) through automated workflows and reminders. The software integrates with major ERPs like NetSuite, QuickBooks, and Sage, making it suitable for mid-market to enterprise teams managing high-volume invoicing.
Pros
- Powerful customer portal for self-service payments and dispute resolution
- Seamless ERP integrations and automation workflows
- Proven to accelerate cash flow and reduce DSO effectively
Cons
- Pricing is quote-based and can be expensive for smaller teams
- Initial setup requires configuration expertise
- Limited built-in reporting compared to some competitors
Best For
Mid-market and enterprise finance teams seeking collaborative AR tools to improve customer payment experiences and automate collections.
Pricing
Custom quote-based pricing starting around $500/month for basic plans, scaling with invoice volume and features.
Chaser
specializedAutomates invoice reminders, payment requests, and collections workflows to accelerate cash flow.
Intelligent automated chase sequences that send personalized, multi-channel reminders mimicking a human credit controller
Chaser is an automated accounts receivable (AR) software focused on streamlining invoice collections and cash flow management for businesses. It automates personalized payment reminders via email, SMS, and letters, tracks overdue invoices in real-time, and integrates with accounting platforms like Xero, QuickBooks, and Sage. The platform also provides customer self-service portals, payment predictions, and detailed reporting to empower credit teams without manual intervention.
Pros
- Highly automated chase sequences that reduce manual follow-ups
- Seamless integrations with major accounting software
- Real-time dashboards and payment forecasting for better cash flow visibility
Cons
- Pricing scales quickly with users and volume, less ideal for very small teams
- Limited advanced customization for complex workflows
- Customer portal features could be more robust compared to top competitors
Best For
Mid-sized businesses with high invoice volumes seeking automated AR collections and strong accounting integrations.
Pricing
Starts at $49/user/month (Starter, billed annually), $99/user/month (Professional), and custom Enterprise plans.
Gaviti
specializedAR automation software with AI-driven collections, credit management, and e-invoicing capabilities.
AI Collections Assistant that intelligently prioritizes overdue accounts and automates personalized outreach
Gaviti is a comprehensive accounts receivable (AR) automation platform designed to streamline invoice collections, payments, and cash application for mid-market and enterprise businesses. It automates dunning workflows, provides a self-service customer portal for payments, and integrates seamlessly with ERPs like NetSuite and QuickBooks. The platform uses AI-driven insights to prioritize collections and improve Days Sales Outstanding (DSO).
Pros
- Robust automation for collections with AI-powered reminders and prioritization
- Strong ERP integrations and customer portal for faster payments
- Detailed AR analytics and reporting for cash flow optimization
Cons
- Steep learning curve and complex initial setup
- Pricing can be high for smaller businesses
- Limited flexibility in customization compared to top competitors
Best For
Mid-sized B2B companies with complex invoicing needs seeking automated AR management to reduce DSO.
Pricing
Custom quote-based pricing, typically starting at $500-$1,000/month for mid-market plans, scaling with invoice volume and features.
Quadient AR
enterpriseCloud-based AR management tool for automating receivables, disputes, and collections processes.
Hybrid Mail Delivery: Automatically escalates digital reminders to physical print/mail for higher response rates.
Quadient AR is an accounts receivable automation platform designed to streamline invoicing, payment collections, and customer communications for businesses. It automates dunning workflows, sends reminders via email, SMS, or print mail, and provides real-time AR analytics and reporting. The software integrates seamlessly with major ERPs like SAP and Oracle, offering end-to-end visibility into cash flow and collections performance.
Pros
- Omnichannel collections (digital, SMS, print/mail)
- Deep ERP integrations and automation workflows
- Comprehensive AR analytics and forecasting tools
Cons
- Steep learning curve and complex setup
- High pricing suited only for mid-to-large enterprises
- Limited standalone options without full AR suite
Best For
Mid-to-large enterprises with high invoice volumes needing hybrid digital-physical collections automation.
Pricing
Custom enterprise pricing; typically starts at $15,000+ annually, based on volume and modules (quote required).
Invoiced
specializedModern AR platform that streamlines invoicing, payments, and automated collections.
AI-driven Smart Collections that automates personalized reminders and predicts late payments
Invoiced is an accounts receivable (AR) automation platform that helps businesses manage invoicing, payments, and collections efficiently. It automates invoice creation, delivery, and payment reminders while offering a customer self-service portal for quick payments. The software provides AI-driven insights into payment patterns and cash flow to optimize collections strategies.
Pros
- Robust automation for dunning and reminders
- Strong integrations with QuickBooks, Xero, and Netsuite
- AI-powered analytics for predicting payment risks
Cons
- Pricing scales quickly for small teams
- Steeper learning curve for custom workflows
- Limited standalone mobile app functionality
Best For
Mid-sized B2B companies seeking automated collections with deep accounting integrations.
Pricing
Starts at $99/month (Starter), $299/month (Pro), with custom Enterprise plans.
Collect.ai
specializedAI-driven collections software that personalizes reminders and predicts payment behaviors.
Autonomous AI agent that predicts payments and executes full collections workflows without human intervention
Collect.ai is an AI-powered accounts receivable automation platform designed to streamline invoice collections and improve cash flow. It uses machine learning to predict payment behaviors, automate personalized reminders, and handle dunning processes autonomously. The software integrates with popular accounting tools like QuickBooks and Xero, providing real-time analytics on overdue invoices and debtor insights.
Pros
- Advanced AI-driven payment predictions and autonomous collections
- Personalized, multilingual email and SMS reminders
- Strong integrations with accounting software and real-time dashboards
Cons
- Pricing scales quickly with invoice volume, less ideal for very small businesses
- Initial setup requires data import and configuration time
- Limited reporting customization compared to enterprise competitors
Best For
Mid-sized businesses seeking AI automation to reduce DSO without a full collections team.
Pricing
Custom pricing starting at around €99/month for basic plans, scaling to €500+ for higher volumes and enterprise features.
YayPay
specializedCloud AR automation suite for managing receivables, customer communications, and payment tracking.
AI Collections Agent that automates personalized dunning and predicts payment risks
YayPay is an accounts receivable (AR) automation platform tailored for B2B businesses to streamline invoice collections and improve cash flow. It provides automated invoicing, payment reminders, a self-service customer portal, and AI-driven insights for predicting payment behaviors. The software integrates with major ERPs like NetSuite, QuickBooks, and Sage, offering real-time dashboards and reporting for better receivables management.
Pros
- Comprehensive AR automation with AI predictions reduces DSO
- Seamless integrations with popular accounting systems
- Customer self-service portal accelerates payments
Cons
- Pricing is custom and can be expensive for SMBs
- Initial setup and onboarding require time and resources
- Limited customization options for advanced workflows
Best For
Mid-market B2B companies looking to automate collections and integrate with existing ERPs.
Pricing
Custom enterprise pricing; typically starts at $500-$1,000/month based on invoice volume and features—contact sales for quote.
Conclusion
The review has emphasized the top invoice collections software, with HighRadius standing out as the leading choice, thanks to its AI-powered autonomous platform that revolutionizes invoicing, collections, and cash application. Billtrust and Esker closely follow, offering comprehensive and streamlined solutions for order-to-cash automation and AR process management, respectively, each tailored to distinct business needs. Ultimately, the best tool depends on specific requirements, but these top options deliver impactful efficiency.
Take the first step toward smoother cash flow—explore HighRadius now to unlock automated, end-to-end collections that keep your business thriving.
Tools Reviewed
All tools were independently evaluated for this comparison