Procuring top accounts receivable (AR) software has become mission-critical for CFOs and financial organizations of all sizes aiming to maintain financial liquidity, reduce the risk of bad debt, and drive business growth through more cash reserves. Modern AR platforms do this by automating every step in the AR cycle from invoicing, cash application and payments to collections and credit. The result? AR teams free up their working capital, enabling more strategic work that in turn accelerates cash flow.
CFOs are under increasing pressure to deliver financial resilience for the business. By integrating AI-driven insights and predictive analytics, AR software not only streamlines operations but also enhances customer experience and retention. Companies that embrace AR automation report measurable gains in efficiency, compliance, and scalability, positioning finance teams as strategic enablers rather than back-office processors.
Here’s a look at the top five Accounts Receivable software solutions in the market.
Top Accounts Receivable Software: The 5 Best Solutions
Billtrust: Built by AR Experts with AI-Powered Intelligence
Billtrust has earned its place as the number one accounts receivable solution for mid-market and enterprise businesses. Recognized by G2 Crowd as the best accounting and finance product of 2025, Billtrust combines AI-powered automation, deep industry expertise, and a customer-first approach to deliver unmatched results.
- AI, Automation, and Predictive Analytics: Billtrust was the first to add generative AI capabilities to its solution and now offers agentic AI for automating AR workflows, email follow-ups, and more.
- Unified End-to-End AR Platform: Integrated suite of tools covering the full AR lifecycle from invoicing (multi-channel), payments, cash application, collections and credit including integrations to 260 AP portals and 40 ERP and financial institutions.
- Network Data Advantage: Because Billtrust handles the largest volume of invoices, payments, supplier/buyer relationships, and AR workflows, it can draw on a broad base of network data to train and improve its AI. What does that mean for clients? Smarter AI-generated insights and recommendations to improve clients’ AR performance.
- Proven Track Record & Credibility: Nearly 25 years of experience and $1 trillion annual transactions processed plus accolades from customers (G2 Crowd and Gartner Peer Insight Reviews) and analysts including IDC and Everest Group.
- Flexibility in payment methods and buyer experience: Billtrust offers configurable payment portals, flexible payment modalities, policies and more to align with buyer preferences, which helps improve customer satisfaction.
HighRadius: Strong AI; Limited Flexibility
HighRadius is often mentioned alongside Billtrust, especially for its AI capabilities. It offers cloud-based AR automation with modules for credit, collections, and cash application. While HighRadius is a solid choice, it often falls short in delivering the depth and adaptability that Billtrust provides and has been noted for its challenging support.
- AI-Powered Modules: Uses machine learning to automate repetitive tasks. They tout 180 agents doing various use cases which are primarily automation processes. FreedaGPT is their generative AI tool.
- Breadth of Modules: They offer an AR and AP solution that spans the order-to-cash functions.
- Integration: Plug-ins available to dozens of ERPs and financial institutions.
- Support: Reviewers often mention support gaps, such as response times due to offshore customer service teams.
Versapay: Collaboration-Focused; Niche Solution
Versapay emphasizes collaboration between AR teams and customers. Its platform is designed to improve invoice visibility and streamline communication. Versapay serves the SMB market as it lacks scalability and ability to support enterprise complexity.
- Customer Collaboration Portal: Enables real-time communication on invoices and payments.
- Cloud-Based: Easy deployment and integration with major ERPs.
- Strong in SMB Market: Particularly effective for companies with moderate AR complexity.
Quadient AR (formerly YayPay): User-Friendly; Less Mature
Quadient AR offers a user-friendly interface and solid automation features for small to mid-sized businesses. It’s known for its ease of use and quick implementation. Quadient primarily serves the small and mid-size market, as it lacks support for complex AR environments. Its AI capabilities are more basic than other AR software providers, delivering only the most basic AI automation.
- Intuitive Dashboard: Easy for finance teams to navigate and manage AR tasks.
- Automated Reminders: Helps reduce late payments with scheduled follow-ups.
- Integration: Connects with popular accounting platforms like QuickBooks and NetSuite.
Sidetrade: EU-based SMB AR Solution
Sidetrade, which is headquartered in France, is a public company offering AR software solutions. Their platform supports the full order-to-cash processes, and their AI agent “Aimie” offers automation efficiencies. They primarily do business in Europe with some in North America and generally smaller companies.
- AI Agent Aimie: draws on real-time data to provide benchmarking and predictions.
- Comprehensive O2C suite: modules are built to work together, e.g. order-to-invoice matching, integrating order processing with invoicing to reduce errors and disputes.
- Global Footprint: operations in many countries around the world.
Evaluating the Top Accounts Receivable Software
What should be the first thing to evaluate in an AR automation software?
Start with their ability to integrate seamlessly with your existing systems. Research shows one of the biggest barriers in automating AR processes is integrating AR with other systems (55%), followed by concerns about accuracy (39%), complicated workflows (38%), and data quality issues (38%).
The best AR software should connect easily to your ERP, CRM, and payment platforms, minimizing manual data entry and sync errors. Look for vendors with proven, pre-built connectors and a track record of smooth implementations with systems similar to yours.
Check out this guide to ERP integration.
Key features to look for in AR software
- A total AR solution with software modules that address everything from invoicing and eInvoice compliance to payments, cash application, collections and credit management.
- Centralized data management and visibility across the order-to-cash cycle so each finance employee has clear transparency into what’s happening in all AR functions.
- Advanced analytics dashboards including granular insight and holistic insight for executives. These shouldn’t just give you data readouts but help you turn data into meaningful actions that will impact AR performance metrics.
- Integration
- Connectors for your ERP system(s)
- Integration with your banks, financial institutions, and payment issuers
- Integration with the AP portals your buyers use – the systems where your clients want to you to upload their invoices
- Integration with your ecommerce platforms
- Advanced AI capabilities, including generative AI, agentic AI and a multi-agent architecture. Solutions should do more than generate insights, they should help you anticipate and prevent financial risk by monitoring buyer behavior patterns and recommending next step actions to take.
- A partner in your AR success: A software provider whose company culture is relentlessly focused on delivering customer outcomes, and one who doesn’t just offer software but a full menu of additional professional services that help operationalize technology through higher adoption.
- Other table stakes include:
- Flexible payment modalities and policies
- Virtual card acceptance
- Card surcharging features and interchange rate optimization
- Digital lockbox
- Compliance for global eInvoicing and PCI DSS
- Configurable buyer-facing portal where clients can access bills and pay online
- Cash application automation powered by machine learning for straight-through processing
- Customizable exception handling workflows for payment-to-invoice reconciliations
- Unified system for case and disputes management
How important is automation and AI in today’s AR automation software?
It is extremely important. Modern AR providers should offer more than simple workflow automation. They should use AI and machine learning to predict payment behavior, prioritize collections, and reduce manual cash application. This helps your team focus on exceptions instead of repetitive tasks.
What kind of visibility and analytics should a good AR partner provide?
A strong partner should deliver real-time dashboards and actionable insights across metrics like DSO (Days Sales Outstanding), aging buckets, collection effectiveness, and dispute trends. Look for self-service reporting tools that let you drill down by region, customer, or collector without IT assistance.
Your AR automation software dashboard should include these key performance indicators.
How can an AR software provider improve the customer experience?
The best AR platforms make it easy for your customers to view invoices, make payments, and resolve disputes through a self-service portal. Collaborative communication tools like shared message threads or dispute tracking can significantly reduce friction and speed up payments. See how Billtrust’s billing and payment portal works.
Plus, AR platforms should integrate with your client’s AP portals, so invoices can be automatically submitted and available right where your enterprise clients want them.
Why do scalability and support matter when choosing a vendor?
As your company grows or expands globally, your AR system must scale with you. Choose a provider with a cloud-based software architecture, multi-currency support, and responsive customer success teams. Reliable implementation and ongoing support can be just as critical as the software itself.
How can you tell if a vendor is a true strategic partner vs. just a software provider?
Look for a company that offers ongoing innovation, consultative guidance, and measurable outcomes. For example, Billtrust’s software is surrounded by a variety of services including implementation support, integration support, solution customization services, training, as well as services that will help increase adoption for your buyers.
Here’s a list of services Billtrust provides.
They should act as a long-term partner, sharing best practices, helping you optimize processes, and regularly updating technology to match evolving regulations and customer expectations.
