Accounts Receivable Software

TrustRadius Top Rated for 2023

Top Rated Products

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MIP Fund Accounting

MIP Fund Accountingâ„¢ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.…

2
BlackLine

BlackLine automates the the processes required to finalize periodic closing of the books. Beyond close/reconciliation management the product includes capabilities to enhance the management and control of financial processes throughout the accounting cycle. In October 2020, BlackLine…

3
D&B Finance Analytics

D&B Finance Analytics is a global credit-to-cash solution that provides Dun & Bradstreet data, analytics, and technology to help improve cash flow, increase operational efficiency, and mitigate risk. This AI-driven solution comprises two platforms – D&B Credit Intelligence…

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(1-25 of 154)

1
MIP Fund Accounting

MIP Fund Accountingâ„¢ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.…

2
BlackLine

BlackLine automates the the processes required to finalize periodic closing of the books. Beyond close/reconciliation management the product includes capabilities to enhance the management and control of financial processes throughout the accounting cycle. In October 2020, BlackLine…

3
D&B Finance Analytics

D&B Finance Analytics is a global credit-to-cash solution that provides Dun & Bradstreet data, analytics, and technology to help improve cash flow, increase operational efficiency, and mitigate risk. This AI-driven solution comprises two platforms – D&B Credit Intelligence…

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4
BILL

BILL is an online service for SMBs which provides a central dashboard for managing Accounts Receivable, Accounts Payable, and cash flow management. It syncs with all major accounting systems like QuickBooks, Sage, Intaact, and NetSuite.

5
Maxio

Chargify provides a SaaS billing solution that handles free trial periods, one-time fees, promotions, refunds, email receipts. They support billing your customers by credit card or invoicing for larger accounts. Prices start at $65/month for 20 customers, and trend upward to $1,299/…

6
Melio

Melio is a small business-oriented Accounts Payable tool, presented as a service that helps small businesses keep up with business. A B2B payments experience and payment workflow designed to be simple, and to enable businesses to pay domestic and international vendors, expedite…

7
athenaIDX

athenaIDX is an on-premise or cloud-hosted enterprise RCM solution that helps health systems, hospitals, billing services, and large practices optimize financial performance and successfully adapt to healthcare payment reform. It is based on the Centricity medical practice and EMR…

8
Accounting Seed

Accounting Seed is accounting software that is native to Salesforce.

9
Billtrust

The Billtrust suite of AR solutions helps make sense of customers' ever-expanding invoicing preferences, their growing use of digital payments, and AR teams' valuable time. Accelerating the order-to-cash cycle benefits both sides of the B2B transaction.

10
GoDaddy Bookkeeping

GoDaddy Bookkeeping (formerly Outright) is a cloud-based bookkeeping and accounting automation platform targeted at small businesses. It contains basic bookkeeping and reporting features meant to simplify the process of accounting for small businesses and their accountants, ensuring…

11
Quadient Accounts Receivable

Quadient Accounts Receivable, formerly YayPay but acquired by Quadient in 2020, is presented as a complete accounts receivable management platform that gives user's teams more time, more insight, and more control.

12
Foundation Software Construction Accounting

Foundation Software headquartered in Strongsville, Ohio offers their construction accounting and payroll software. The vendor states that their job costing construction accounting software is designed to be easy to use and provides the accounting and management tools needed to run…

13
Checkbook.io

An Accounts Payable and Receivable software solution, Checkbook offers a way to send and receive Digital Checks instead of dealing with paper and postage, or more expensive online transactions. Features of Digital Checks for businesses include instant delivery, and online deposit,…

14
Invoice Ninja

Invoice Ninja is a source-code available suite of apps focusing on SMB invoicing & payments, from the small company of the same name. The service boasts users among 200,000+ businesses, who use Invoice Ninja to invoice clients, track payments, expenses, and time billable tasks.

15
Veem

Veem, headquartered in San Francisco, offers payment tools to enable businesses to streamline their processes and build business relationships with suppliers and partners all over the world. Through integrations with popular business applications. Veem Local is an online and fee-…

16
HighRadius Autonomous Receivables

Autonomous Receivables, from HighRadius headquartered in Houston, is an AI-powered accounts receivable solution. It is designed to reduce DSO and bad debt with the best Accounts Receivable Management Software. The solution connects credit, billing & invoicing, cash application, deductions,…

17
CloudOlive
0 reviews

CloudOlive is an online platform empowering Managed Service Providers (MSPs) to centrally manage and automatically reconcile all of their Cloud/SaaS vendor invoices against their client billings. Any vendor invoice – including Microsoft CSP bills - can be ingested into CloudOlive,…

18
Nimbox
0 reviews

Nimbox AR software aims to prioritize correctly, contacting customers efficiently and maintaining adequate management control. It enables users to quickly identify which customer to contact, improve interaction with customers and generate a contact record, as well as maintain control…

19
Cone Proposal-to-Payment

Cone Proposal-to-Payment is a platform that simplifies the process of selling and collecting money. For professional services and startups, it is used in proposal management. With its unified workflow, Cone automates proposals, e-Sign, invoicing, and payment collections. It allows…

24
GHX eInvoicing

GHX eInvoicing enables healthcare suppliers to deliver invoices as PDF files via an online portal, alongside an existing EDI delivery, lowering the volume of paper invoices sent through traditional mail services. The goal is to reduce the time, cost and effort associated with invoicing,…

25
Tabs3 by ProfitSolv

Tabs3 by ProfitSolv is a suite of integrated legal software solutions including fund accounting and accounts payable capabilities.

Learn More About Accounts Receivable Software

What is Accounts Receivable Software?

Accounts receivable (AR) software is a centralized platform that manages the money owed to an organization for its products, goods, or services. It automates invoicing, tracks collection and aging, and matches sales orders and invoices with payments. The software generates statements, collection letters, and reporting. It supports multi-channel collection across all payment methods and locations, including online, digital, EFT, and checks.


The software reduces human intervention and errors, increases accuracy and efficiency, and improves cash flow. It allows accounting departments to handle large numbers of invoices and payments.


AR software is used by accounting departments, managers and executives to review the activities of the accounting department, and by cash managers to obtain real-time information on receivables.


AI-powered AR software enables predictive cash forecasting, providing accurate insights into the size of your expected receivables. It provides tools and information needed to support regulatory compliance.


AR software is often included in Accounting Software suites and Enterprise Resource Planning (ERP) Systems, but those options do not necessarily include the advanced features that can be found in standalone AR products. Standalone AR products will usually support integrations with those systems.


Account receivables solutions collect debt, but they differ from dedicated Debt Collection Software that provides collection capabilities beyond what a traditional account receivables system offers.

Accounts Receivable Software Features

Accounts receivable software should have most or all of the following features:
  • Accounts receivable ledger

  • Accounts receivable aging tracking

  • Automated billing and invoicing – custom templates, customer preferences

  • Automated customer statements

  • Customer portal - allow customers to view their invoices, payments, and balance

  • Omnichannel payment method support, online, digital, EFT, ACH, credit cards, checks, cash

  • Early payments discounting

  • Payment tracking, invoice, billing matching

  • Custom workflows, rules, and exceptions for accounts receivable automated and manual processing

  • Automated email reminders

  • Automated collection letters

  • Custom interest and late fee management

  • Invoice dispute management, staff routing

  • A central database, AR history, and customer profiles and preferences

  • Analytics, dashboards, data visualization, and reporting

  • AI predictive cash forecasting

  • Mobile app support

  • Integrations with accounting, ERP, and CPM systems


Accounts Receivable Software Comparison

Consider these factors when comparing accounts receivable software:


  • Type of Solution: Would your organization benefit from an advanced standalone accounts receivable software solution or would implementing an AR solution that is part of an accounting software suite or ERP system be more suitable? AR point solutions can also vary in specificity, from solutions for high-volume SMBs to standalone enterprise products.

  • Industry: Accounts receivable products have features that are tailored for specific industries. Robust features that handle invoice disputes are valuable to transportation and logistics businesses, while professional service firms would benefit from invoicing features that are tailored to timesheets and service delivery.

  • Integrations: When purchasing a standalone AR product, investigate how it integrates with your current accounting and ERP systems.

  • Implementation: AR software is available as a cloud-based solution, a SaaS solution hosted on a vendor’s server, or as an on-premises installation. Entry-level cloud-based solutions are less costly, support scalability as needed, make it easier and quicker to get up and running, and shield users from infrastructure and maintenance concerns. On-premises solutions ensure that your organization has full control over the AR process and data. The on-premise route may be preferable for some security and legal protection purposes, but cloud solutions are becoming the norm.


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Pricing Information

Entry-level accounts receivable software usually ranges between $9 and $99 a month. Enterprise-level solutions begin at $500 a month and usually require obtaining a quote from the vendor. Pricing usually depends on the features provided, number of concurrent users, number of customers, and number of transactions. Free trials are available.

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Frequently Asked Questions

What does accounts receivable software do?

Accounts receivable (AR) software automates the billing and collection of debts owed for products and services. It supports custom invoicing, tracks aging and payments, accepts payments from a variety of payment methods, produces analytics and reports, and offers predictive cash forecasting.

What are the benefits of using accounts receivable software?

Key benefits of using AR software include:

  • Improved Cash Flow: Accurate and timely invoicing results in faster payments. Omnichannel automated payment processing expedites payment delivery.
  • Improved Cash Management: Predictive cash forecasting provides insights into your future cash flow.
  • Cost Savings: Reduced manual work and fewer human errors increase efficiency and accuracy.
  • Workload Management: AR automation enables the generation of large numbers of invoices and processing high volumes of payments.
  • Risk Management: A complete understanding of a customer’s payment history improves customer credit risk management.
  • Improved Customer Relations: AR software facilitates customer communications and supports customer profiles and preferences.

How much does accounts receivable software cost?

Entry-level accounts receivable software usually ranges between $9 and $99 a month. Enterprise-level solutions begin at $500 a month and usually require obtaining a quote from the vendor. Free trials are available.

What are the best accounts receivable software products?