Top 13 Accounts Receivable Automation Software for Streamlining Payment Collection

Last Updated: April 4, 2025

An image depicting an individual analyzing sales data on a laptop using accounts receivable software

What, according to you, do businesses need the most to operate smoothly and succeed? It does not take a genius to know we mean money, especially that generated from the routine sale of goods and services.

However, when sales are made on credit, known in finance as accounts receivable, managing them can get a bit tricky, even more so when done manually. For customers often miss their payment deadlines and it isn’t new for accounting teams to mess up invoicing and payment tracking. This is where the need for accounts receivable software arises, so businesses get to maintain a healthy cash flow at all times.

Read on as we list some of the best AR software available in the market for businesses to rely on for effective accounts receivable management.

What is Accounts Receivable Automation Software?

AR Automation software is a solution programmed to automate accounts receivable management, i.e., the handling and tracking of outstanding sales invoices. It facilitates accounts receivable entry, along with generating invoices and sending reminders for unsettled payments.

The software also tracks cash flows and receivables in real time. As a result of this, businesses get to collect payments on time, ensuring no errors are made and no time is wasted on administrative tasks.

List of 13 Best Accounts Receivable Automation Software for Businesses

While there’s no shortage of good accounting software in the market, especially those focused on accounts receivable management, businesses often find it hard to choose one that meets their requirements in the best way possible.

Well, your struggles end here, as we present to you our list of some of the leading accounts receivable software that are not only highly reliable but also extremely efficient in what they do. Keep reading to get a look…

1. Invoiced

Invoiced is an accounts receivable software meant to simplify invoice generation, payment collection, and reporting for B2B companies. As a cloud-based AR automation tool, it thus optimizes the accounts receivable process in its entirety, helping businesses save time and enhance their overall cash flow management.

Invoiced

4.5

Starting Price

Price on Request

Key Features of Invoiced:

Automates invoicing and accounts receivable collections
Sends automated reminders for overdue payments
Offers both multi-currency and multi-language support
Helps monitor cash flow in real time
Offers highly customizable invoice templates
Let’s businesses build custom reports for advanced analytics
Allows seamless integration with accounting platforms like QuickBooks, Xero, and Sage

Pros

Has a user-friendly interface
It is scalable for businesses of all sizes
Provides automated workflows to streamline accounts receivable collections

Cons

Has limited mobile features to offer
To use its advanced features, businesses need to switch to higher-tier plans

Invoiced Pricing & Plans: Get in touch with the Techjockey team to get a quote.

2. Kapittx

As an AI-powered accounts receivable software, Kapittx makes use of machine learning to put accounts receivable collections on auto-pilot mode. In addition to automating the entire process, it helps businesses get real-time insights on their accounts receivable entry, so no payments are missed or deferred till thy turn into bad debts.

Kapittx

4.0

Starting Price

Price on Request

Key Features of Kapittx:

Offers AI-powered accounts receivable collections
Provides advanced collaboration tools, so both finance teams and customers remain on the same page
Offers data-backed analytics to track your cash flow performance
Comes equipped with predictive analytics to forecast customer payment behaviour
Has highly customizable invoicing templates to offer
Allows integration with ERP and accounting systems
Automates the reconciliation of payments

Pros

Its AI-driven features improve payment tracking accuracy
Helps reduce manual data entry and errors
It is ideal for medium to large businesses

Cons

It can be a little too complex to use
Small businesses may find it expensive

Kapittx Pricing & Plans: Get in touch with the Techjockey team to get a quote.

3. BILL

BILL is a financial operations platform with a comprehensive suite of tools to automate accounts receivable collections, payment processing, and invoicing. It is designed to help businesses enhance their accounts receivable management and get paid faster, so their time and efforts can be put to better use elsewhere.

Key Features of BILL:

Offers custom templates for invoicing
Automates invoice generation and payment reminders
Offers integrated payment gateways (credit card, ACH, etc.)
Provides real-time updates on your cash flow and accounts receivable
Offers multi-currency support
Allows integration with accounting platforms like QuickBooks, Oracle NetSuite, Sage, Xero, and more

Pros

Has a simple and easy-to-use interface
It is ideal for small to medium-sized businesses
Offers a robust customer support

Cons

Does not have many customization options for larger businesses
Offers advanced reporting features in higher-tier plans

BILL Pricing & Plans:

Plan	Price (including both AR & AP)
Essentials	$45/user/month
Team	$55/user/month
Corporate	$79/user/month
Enterprise	Get in touch with the Techjockey team to get a quote

4. Maxio

Programmed to be a subscription management platform, Maxio specialized in automating AR for subscription-based businesses. Maxio offers features like advanced revenue recognition and customizable invoicing., such as SaaS companies. It offers a host of tools and functionalities to optimize invoicing, accounts receivable collections, and revenue recognition, so businesses can clear out their administrative burden to a certain extent.

Key Features of Maxio:

It, as an accounts receivable software, automates invoice generation and payment collection
Offers dunning management for overdue payments
Let’s businesses assess the success of their accounts receivable collections with DSO reporting and AR aging reports
Offers tools for advanced revenue recognition and reporting
Provides both multi-currency and multi-language support
Offers collection notes to add context to invoices
Allows integration with payment gateways and ERP systems

Pros

Is a perfect fit for SaaS and subscription businesses
Offers advanced revenue recognition capabilities
Has strong reporting tools for financial insights

Cons

It isn’t made for non-subscription-based businesses
Its initial setup can be time-consuming, especially when it comes to complex billing scenarios

Maxio Pricing & Plans:

Plan	Price
Build	Free
Grow	$599/month
Scale	Get in touch with the Techjockey team to get a quote

5. Upflow

Upflow is an AI-powered AR management tool that automates collections, provides predictive analytics, and integrates with various CRM and ERP systems. With help from predictive analytics and customer payment behaviours, it, in fact, optimizes the entirety of your accounts receivable process, ensuring faster payments and stronger customer relationships.

Upflow

4.4

Starting Price

$ 489.00

Key Features of Upflow:

Offers predictive analytics for payment forecasting
Automates invoicing and payment reminders
Provides real-time cash flow tracking
Offers autopay capabilities for instant payments
Has highly customizable payment terms and workflows
Allows integration with CRM and ERP systems

Pros

Offers AI-driven insights for more efficient collection
Provides real-time visibility into cash flow
It is scalable for businesses of all sizes

Cons

It can seem a little pricey, especially to small businesses
Offers limited mobile app functionality

Upflow Pricing & Plans:

Plan	Price
Discover	Free
Grow	$489/month
Scale	$978/month
Enterprise	Get in touch with the Techjockey team to get a quote

6. Sage Intacct

Sage Intacct is leading financial management platform with robust AR automation features to automate invoicing, payment tracking, and collections. As a cloud-based tool, it thus acts as a perfect fit for businesses that have complex financial operations to look after and manage.

Sage Intacct

4.1

Starting Price

Price on Request

Key Features of Sage Intacct

Optimizes accounts receivable collections with robust customer communications
Offers automated invoicing and payment reminders
Provides both multi-entity and multi-currency support
Offers real-time financial reporting and analytics to give a complete view of your organization
Allows integration with ERP and accounting systems
Conducts strong audit trails for compliance

Pros

It is suitable for large and complex businesses
Offers great scalability and customization capabilities
Has superior reporting abilities to offer

Cons

Not very beginner-friendly
Small businesses might find it pricey

Sage Intacct Pricing & Plans: Get in touch with the Techjockey team to get a quote.

7. Versapay

Versapay is An AR automation solution that focuses on enhancing customer communication and streamlining the collections process. It has a highly collaborative platform to offer that helps businesses enhance their customer communication, so payments get collected on time and by virtue of that, long-term client relationships are formed.

Versapay

4.3

Starting Price

Price on Request

Key Features of Versapay:

Automates invoicing, collections, payment acceptance, and dispute resolution
Provides AI-backed invoice capturing and matching
Let’s businesses communicate with their customers in real-time
Offers sundry payment gateway integrations (credit card, ACH, etc.)
Helps track cash flow in real time
Allows seamless integration with ERP and accounting platforms
Offers powerful fraud and transaction monitoring

Pros

Improves customer relationships
Provides end-to-end AR automation
Processes payments quickly to accelerate cash flow

Cons

Can be too complex for smaller businesses
This accounts receivable software is a little expensive

Versapay Pricing & Plans: Get in touch with the Techjockey team to get a quote.

8. HighRadius

HighRadius is an AI-powered accounts receivable solution. It is designed to help businesses automate their accounts receivable management, so they get greater control over the money that flows in. The software is also capable of offering real-time insights and automating AR collections in a way that minimizes Days Sales Outstanding (DSO) substantially.

Highradius

4.0

Starting Price

Price on Request

Key Features of HighRadius:

Automates invoicing, collections, and payment reminders using AI
Comes equipped with predictive analytics for payment forecasting
Offers robust payment reconciliation and invoice matching
Offers both multi-currency and multi-entity support
Reduces DSO by 20%
Gives customers access to self-serve buyer portals
Allows integration with major ERP systems like SAP and Oracle
Helps enhance cash flow with AI-driven dashboards and reports for insights
Offers powerful functionalities to analyze customer payment behaviour
Has an In-App Dialer for more personalized client communication

Pros

It is a perfect fit for large enterprises with complex accounts receivable entry needs
Offers advanced forecasting and reporting capabilities
Reduces manual data entry and errors

Cons

Expensive, making it ideal for large businesses
Its initial setup can take time

HighRadius Pricing & Plans: Get in touch with the Techjockey team to get a quote.

9. Esker

Esker is an end-to-end AR management software. From invoicing to payment processing and collections, it automates everything using AI, reducing manual efforts and, by that, the chances of error in accounts receivable entry to a great extent.

Key Features of Esker:

Automates invoicing and collections
Offers real-time AR tracking and reporting for better decision-making
Allows integration with ERP systems like SAP and Oracle
Has highly customizable workflows for collections
Provides mobile-friendly access for real-time updates
Offers AI assistance to resolve payment-related disputes
Offers an accurate forecast of incoming cash for better cash flow management

Pros

It’s full AR automation reduces administrative workload
Offers robust reporting tools and real-time data
It is ideal for larger organizations

Cons

It can be expensive for small businesses
Its implementation can be time-consuming

Esker Pricing & Plans: Get in touch with the Techjockey team to get a quote.

10. Zoho Books

Zoho Books, comes equipped with an extensive AR module to help businesses automate invoicing, collections, and payments. The software boasts advanced financial reporting capabilities and serves as a perfect fit for small to medium-sized businesses looking to enhance their accounts receivable management.

Zoho Books

4.5

Starting Price

₹ 899.00 excl. GST

Key Features of Zoho Books:

Automates invoicing and payment reminders
Allows integration with online payment gateways like PayPal, Stripe, etc.
Offers real-time AR reporting and insights
Offers highly customizable billing and payment terms
Provides multi-currency support
Provides self-service customer portals

Pros

It is affordable, making it ideal for small to medium-sized businesses
Has a user-friendly interface to boast
Integrates with other Zoho apps

Cons

Offers limited scalability for larger enterprises
Some of the features of this accounts receivable software are only available in higher-tier plans

Zoho Books Pricing & Plans:

Plan	Price
Free	INR 0
Standard	INR 899/org/month
Professional	INR 1799/org/month
Premium	INR 3599/org/month
Elite	INR 5999/org/month
Ultimate	INR 9599/org/month

11. Quadient AR

Quadient AR is specifically designed for B2B finance teams looking to expedite collections and minimize outstanding payments. To achieve the same, it automates invoicing and payment tracking, so companies get to maintain a healthy cash flow and liquidity ratio at all times.

Quadient AR

4.5

Starting Price

Price on Request

Key Features of Quadient AR:

Automates invoicing and accounts receivable collections
Helps businesses access their AR data in real time
Has customizable collection workflows to boast
Offers multi-currency support
Offers flexible payment options to customers and a portal to view invoices
Allows integration with sundry accounting systems

Pros

Streamlines collections and payment processing
Has excellent forecasting and financial insights to offer
Remarkable integration with other business tools
It is easy to use

Cons

Its initial setup can take time
Not cost-effective for small businesses

Quadient AR Pricing & Plans: Get in touch with the Techjockey team to get a quote.

12. Kolleno

Programmed to automate collections and payment tracking, Kolleno uses AI and machine learning to make accounts receivable management easy for all. Using its advanced tools and functionalities thus, businesses can predict payment behaviour well in time and optimize their collection strategies accordingly.

Kolleno

4.3

Starting Price

Price on Request

Key Features of Kolleno:

Offers AI-powered collections and payment reminders
Has customizable payment terms and workflows
Provides real-time AR tracking and reporting
Allows integration with ERP systems and accounting software like QuickBooks
Makes sure no disputes remain unresolved using AI smart email responses
Offers advanced collaboration tools for collections task allocation
Helps reconcile payments
Provides a payment portal for your customers

Pros

Its AI-driven insights enhance AR efficiency
Has a simple and intuitive interface
It is scalable for businesses of all sizes

Cons

It might seem overpriced to smaller businesses
This accounts receivable software offers limited global support

Kolleno Pricing & Plans:

Plan	Price
Business Pay	£80/user/month
Business Plus	£650/user/month
Enterprise	Get in touch with the Techjockey team to get a quote
Enterprise Plus	Get in touch with the Techjockey team to get a quote

13. NetSuite

An extensive ERP platform, NetSuite offers powerful AR automation features to help businesses gain the liquidity they need to grow. By managing invoicing, collections, and payment processing in real-time, it significantly reduces their credit-to-cash cycle, DSO, and administrative workload, all at the same time.

Oracle NetSuite ERP

4.2

Starting Price

Price on Request

Key Features of NetSuite:

Offers automated invoicing and payment tracking
Helps consolidate multiple invoices into one
Provides multi-entity and multi-currency support
Helps maintain customer data
Gives access to real-time financial insights and AR reporting
Offers robust integration with other business modules
Allows payments via cash, credit card, check, bank transfer, and more.
Helps send automated reminders

Pros

Offers a full suite of business management tools
It is highly scalable for large enterprises
This accounts receivable software has advanced reporting and analytics tools to offer

Cons

It is high-priced, making it inapt for small businesses
Initial setup takes time

NetSuite Pricing & Plans: Accounts receivable capabilities are included in the NetSuite license. You can get in touch with the Tecjockey team to get a quote for the same.

Conclusion

In today’s highly competitive business environment, having the right accounts receivable software is no longer a luxury but a critical necessity. Deferred payments can severely impact your company’s cash flow, hindering not just your day-to-day operations but also your ability to seize new investment opportunities.

However, as you go ahead and select an AR automation tool for your business or weigh the sundry functionalities that each tool listed above (and more) has to offer, don’t forget to be mindful of your company’s size, financial needs, and objectives. Happy accounting!

Published On: April 4, 2025

Yashika Aneja

Yashika Aneja is a Senior Content Writer at Techjockey, with over 5 years of experience in content creation and management. From writing about normal everyday affairs to profound fact-based stories on wide-ranging themes, including environment, technology, education, politics, social media, travel, lifestyle so on and so forth, she has, as part of her professional journey so far, shown acute proficiency in almost all sorts of genres/formats/styles of writing. With perpetual curiosity and enthusiasm to delve into the new and the uncharted, she is thusly always at the top of her lexical game, one priceless word at a time.

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Yashika Aneja

April 4, 2025

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