I typically ideate and mentally prototype a bootstrapped model of my very own. One of many preliminary ideas that cross my thoughts is managing accounts receivables.
Companies want capital to outlive the wrath of the monetary financial system. The accounting and finance groups should at all times be well-versed in managing money transactions, optimizing revenue, and strengthening monetary safety.
As I pursued my grasp’s, I explored and studied monetary accounting and solved monetary case research. My analysis knowledgeable me that accounts receivable software program is a pivotal device for monitoring money transactions, liquidating stock, decreasing day by day gross sales excellent (DSO), bettering the credit-to-cash lifecycle, and balancing a enterprise’s money influx and outflow.
However how will you hold observe of money?
To check the market additional, I reviewed and evaluated 7 greatest accounts receivable software program that tracks excellent funds, units fee reminders, and regulates monetary credit to run your small business easily. Let’s have a look at what I discovered.
7 greatest accounts receivable software program: my prime ticks
- BILL AP/AR for accounting, fee integration, and matching invoices. ($45/mo)
- Billtrust for credit, financial institution reconciliation, and enterprise useful resource planning. (Accessible on request)
- Qonto for creating expense studies, worker reimbursement,t and categorization. ($108/mo)
- Quadient Accounts Receivable by YayPay for incomplete funds, late funds, and disputed transactions. (Accessible on request)
- HighRadius Accounts Receivables for standing checks, buyer credit score, and errors and changes. (Accessible on request)
- Upflow for customized buyer messaging, late funds, and collections effectiveness. ($440/mo)
- Kolleno for buyer portal, credit, accounting, and matching invoices and funds. ($65.76/mo)
In line with G2 Grid Stories, these accounts receivable software program are top-rated of their class. I’ve additionally included their month-to-month pricing to make comparisons simpler for you.
7 greatest accounts receivable software program that stood out
Although I haven’t got any hands-on expertise with the accounting sector, I’ve been part of the company sector and received in phrases with the challenges of accounting groups. I’m acquainted with the day by day struggles round managing subscriptions, credit score payments, invoices, basic ledgers, and buyer loans or installments that create a way of fiasco and make you lose observe of your income.
That is the place the perfect accounts receivable software program proved to be a cog within the monetary technique. Accounts receivable software program tracks account payables, money excellent, debtors, and day by day gross sales excellent (DSO) and units easy-to-use automation to obtain well timed funds and handle capital correctly.
Not solely that however accounts receivable software program additionally supplies real-time superior reporting to trace your money transactions and preserve a sturdy revenue assertion. My main focus of analysis centered round evaluating accounting options and superior integration that may automate money administration for monetary groups.
How did I discover and consider the perfect accounts receivable software program?
I spent weeks evaluating the opinions of the 7 greatest accounts receivable software program that may assist firms automate monetary transactions, log money transactions, and preserve digital ledgers to enhance accuracy and obtain funds quicker.
The evaluation beneath covers a broad vary of experiments with these instruments and lists an unbiased description with correct adherence to key options, execs and cons, market relevance, client satisfaction, and cost-effectiveness for companies to make an knowledgeable resolution.
In evaluating these instruments, I additionally factored in AI to summarize key tendencies, slender down consumer sentiments, and decide plans and subscriptions for small, mid-, and enterprise-sized companies. I additionally paid consideration to real-time G2 grid report rankings and consumer opinions that element every device’s key execs and cons.
In instances the place I could not personally consider a device because of restricted entry, I consulted knowledgeable with hands-on expertise and validated their insights utilizing verified G2 opinions. The screenshots featured on this article could combine these captured throughout analysis and people obtained from the seller’s G2 web page.
What makes an accounts receivable software program price it: my opinion
With modest expertise in accounting however substantial market data, it was difficult for me to align every device with the essential targets of firms.
After fastidiously analyzing G2 opinions and making an attempt a handout on this software program, I devised a listing of non-negotiable options in accounts receivable software program.
- Automated invoicing and fee reminders: I shortlisted the instruments that provide automated invoicing to trace guide transactions and remove fee delays. I shortlisted this as a result of guide invoicing results in errors, delays, and missed follow-ups. Automation ensures that invoices are despatched on time and prospects obtain fixed reminders with out you having to chase them. This additionally reduces late funds and strengthens your money influx and outflow.
- Actual-time fee monitoring and reconciliation: I additionally catered to the necessity for full visibility into when funds are credited and the associated invoices. Actual-time monitoring ensures that you simply remove guide guesswork and observe your invoices for a number of stakeholders. Computerized reconciliation cuts down errors and helps shut the ebook quicker at an organization’s monetary closing. It additionally offers you the boldness to calculate your bills and income extra precisely.
- Multi-channel fee choices: Not all prospects pay the identical method, which makes it crucial to have a number of fee gateway integrations together with your accounts receivable software program. I appeared for a device that supported ACH, bank cards, wire transfers, and even e-wallets. By making it simpler in your prospects to pay by means of most well-liked strategies, you’ll be able to cut back your DSO and enhance your account’s receivable metrics in your revenue assertion.
- Self-service client portal: I completely analyzed which accounts receivable instruments present strong buyer help companies to help the finance groups with their queries. I appeared for a device that solutions emails about bill copies, due dates, fee histories, and another confusion across the clock. A self-service client portal gave prospects 24/7 entry to speak their challenges and clear up recurring issues.
- Integration with ERP, CRM, and accounting instruments: Generally, information transfers between an accounts receivable device and enterprise CRM are time-consuming. To centralize monetary operations, I prioritized software program that built-in straight with ERP instruments like QuickBooks and Salesforce. This manner, invoices, funds, and buyer information sync with the bigger tech stack and cut back guide transfers or information entries into the CRM.
- Superior reporting and analytics: Understanding key metrics like DSO, ageing balances, and fee patterns can also be vital to managing funds. I shortlisted instruments that supplied reporting insights to assist observe lively and former transactions and excellent funds. Robust analytics will help you see bottlenecks within the assortment course of and forecast money move extra precisely.
Initially, I researched and enlisted round 50+ accounts receivable software program and narrowed my findings based mostly on the above parameters to current a extra concise and knowledgeable evaluation of the perfect suppliers you’ll be able to contemplate to trace bills and forecast enterprise methods correctly.
This record beneath comprises real opinions from the accounts receivable class web page. To be included on this class, software program should:
- Handle several types of buyer transactions corresponding to invoices, credit or funds.
- Seize and course of giant quantities of transactions effectively with minimal human involvement.
- Match invoices, credit, and funds with quotes and gross sales orders to make sure the proper quantities are being processed.
- Present workflows that can be utilized to outline guidelines and exceptions for accounts receivable processing.
- Embody personalized approval processes for every type of AR transactions
- Ship studies and analytics on the standing of invoices and funds, in addition to buyer credit score or transaction historical past.
- Combine with accounting software program or accounting modules of ERP options.
*This information was pulled from G2 in 2025. Some opinions could have been edited for readability.
1. BILL AP/AR
BILL AP/AR is an AP and AR automation platform that automates monetary record-keeping to find out about your shopper or buyer’s excellent and account receivables.
It captures, shops, and retrieves money transactions and shopper particulars to remove fee delays and monitor margins.
What me probably the most was how straightforward and intuitive it was to make use of. I did not have to be an accounting wizard or watch hours of coaching movies. It’s tremendous intuitive and permits me to add payments, arrange distributors, or schedule funds all from a unified platform.
One other factor I like is the easy and efficient invoicing course of. You snap a photograph or ahead an electronic mail, and BILL takes care of the remainder. It mechanically pulls information, suggests the fitting GL account, and allows you to route it to the fitting approver.
And in case your workforce is something like mine, you will admire how one can assign roles in order that nobody steps over one another’s toes. The separation of duties creates a way of concord between the departments.
It additionally integrates rather well with QuickBooks, syncing transactions virtually in actual time so that you’re not caught double-entering the whole lot. We have numerous distant of us on the workforce, so having cellular entry and an audit path retains everybody aligned, no matter their geographical places.
Nevertheless, there are some areas of enchancment for BILL. I’ve run into bugs, like funds which are randomly duplicated or studies that do not refresh accurately. And there was a difficulty with voiding funds. It must be easy, however it’s clunky, and generally I must name help to get issues sorted.
Talking of help, I want they had been faster. It will possibly take some days to listen to again, particularly in case you are on one of many fundamental plans.
Additionally, whereas core AP/AR instruments are strong, reporting may have been higher. I often should export information to Excel if I need to do any critical evaluation. And in case you are coping with worldwide funds, you will have to be on a better plan to entry issues like FX conversions and cross-border capabilities.
General, BILL AP/AR is a one-stop platform to watch your excellent, observe shopper fee timelines, and hold observe of liabilities or bills to make sure a easy monetary workflow.
What I like about BILL AP/AR:
- I like how one can arrange recurring to save lots of time and deal with month-to-month funds mechanically and effortlessly.
- I additionally admire its user-friendly, glitch-free, and cost-effective implementation into our group.
What do G2 Customers like about BILL AP/AR:
“Invoice makes use of AI to learn the payments which you can both electronic mail to Invoice or add on to your account and appropriately categorize every line merchandise, learn the due date, and line the invoice up in your queue to be paid on time. I can set payments to be authorized by totally different workforce members and higher handle my money move by scheduling payments to be paid on time.”
– BILL AP/AR Evaluation, Julianna W.
What I dislike about BILL AP/AR:
- Whereas BILL gives seamless AP/AR integration, more often than not, my invoice does not receives a commission mechanically as a result of it will get caught in my financial institution’s fraud filter. This makes it troublesome to run fee a second time. The identical has been mirrored in G2 opinions.
- I additionally discovered that the device is a bit sluggish and lags generally. Generally, we additionally needed to course of invoices manually. The identical has been highlighted in G2 opinions.
What do G2 customers dislike about BILL AP/AR:
“There are points with duplicate distributors or lack of ability to pay distributors after they swap from being a sole prop to an LLC. BILL thinks they’re already within the system, however they don’t seem to be, which may result in main points paying them. The mixing with QBO may be finicky at occasions as properly.”
– BILL AP/AR Evaluation, Cynthia P.
Take a look at 11 greatest accounting software program packages that my peer reviewed and evaluated for managing a number of accounts for inner and exterior purchasers and companions.
2. Billtrust
Billtrust is an agile B2B AR software program that manages your small business revenue, tracks bills, and reduces guide errors whereas processing shopper invoices or payments.
I used Billtrust to handle accounts receivable, and it does the job. What works greatest for me is the automation. It sends invoices and fee reminders and handles a lot of the follow-ups with out me doing a lot, which saves numerous time.
The fee portal is easy. Shoppers can verify their invoices and statements, they usually needn’t ask me for copies. The system retains observe of funds and exhibits me what’s been paid and overdue. It additionally connects with our ERP, which cuts down on guide entries. I’ve used it with Netsuite, and it labored superb after setup.
Buyer help was useful once I bumped into issues. They aren’t at all times quick, however they often clear up the difficulty. The bill supply system works properly, and I like that I can schedule emails and reminders.
Some areas the place it may well enhance are the consumer interface and information administration. The interface is a little bit clunky. It’s not straightforward to maneuver round, and a few issues take too many clicks. It seems to be outdated and is not constructed for fast use. Stories are fairly fundamental except you improve to a higher-tier plan. I anticipated extra insights out of the field.
There are syncing delays when pushing batches of information, particularly with giant volumes. I’ve needed to wait or refresh to see up to date data. Additionally, some options, like customizing templates or dashboards, aren’t accessible except you’re on a costlier plan. Even then, they’re restricted.
One other challenge I confronted was that electronic mail reminders do not at all times land in inboxes. Some purchasers say they did not get something, and I’ve needed to resend manually. The dispute decision instruments and reconciliation options work, however they’re onerous to seek out within the system.
General, Billtrust gives a spread of options like financial institution reconciliation, fee portal integration, and money automation to optimize monetary power and total accounting operations.
What I like about Billtrust:
- I beloved how Billtrust allowed me to leap from one tab to a different and the way to type it out between totally different prospects.
- I used to be additionally impressed by its capability to simplify and automate the complete invoicing and fee course of.
What do G2 Customers like about Billtrust:
“Billtrust has some nice options which were added. I like having one platform that may virtually do the whole lot wanted to work my accounts day by day. Buyer Assist has been nice when submitting tickets and at all times so pleasant.”
– Billtrust Evaluation, Carley C.
What I dislike about Billtrust:
- Whereas the interface is fairly interactive and user-friendly, there’s restricted interplay with the shopper, and invoices do not get up to date rapidly. The identical has been mirrored in G2 opinions.
- G2 opinions highlighted that generally they could not pull the invoices and needed to search by title as a substitute of the bill quantity.
What do G2 customers dislike about Billtrust:
“Not pleased in regards to the capability to pay an bill greater than as soon as. This does trigger accounting points and pointless refunds. Unable to refund ACHs by means of the applying.”
– Billtrust Evaluation, Connie H.
Get into the step-by-step bill processing workflow and handle your payments and bills with out mistakenly charging your distributors inaccurately.
3. Qonto
Qonto is an bill administration and AR device that automates bill processing, gives versatile fee strategies to prospects or companions, and tracks gross sales credit to forecast future operations and handle capital for the corporate.
After I first signed up for Qonto, I looked for a smoother solution to handle my enterprise funds. I discovered a digital-first, intuitive platform that changed conventional banking for us. Establishing my account took a little bit of time. Nevertheless it was seamless and did not trigger bureaucratic friction like different banks.
The consumer interface was clear, trendy, and designed with usability in thoughts. Whether or not I used to be creating sub-accounts, managing workforce bills, or issuing digital playing cards, the whole lot labored.
I run a small workforce, and getting them onboard was a breeze. Everybody, from tech-savvy builders to the advertising and marketing lead, picked it up instantly. We may generate playing cards for numerous use instances in minutes, massively decreasing our finance workforce’s workload.
One other factor I discovered extraordinarily useful is that Qonto integrates with our accounting system. Managing receipts, tagging transactions, and even syncing invoices was simpler than earlier than.
However, it wasn’t simply the convenience of use issue; additionally it is extremely responsive when issues go sideways. The customer support workforce is extraordinarily useful and gives white-glove help. It made me really feel as if we had been being taken care of.
Nevertheless, there have been a number of downsides. The pricing construction can really feel a little bit opaque, particularly when exploring premium options. Some customers have reported falling into “subscription traps,” like paying for a month’s subscription with out absolutely understanding which options justify that value.
And sure, whereas the service consists of nice automation and smooth dashboards, you do not get the whole lot you’d from a standard financial institution. Which signifies that you will not get any checks or overdrafts. This does not hassle me, however for some, it does.
What additionally stood out to me was their tiered subscription mannequin. I began with the Solo plan, which was respectable for fundamental wants, however as quickly as I wanted extra granular management, like multi-user entry, customized roles, or expense validation, I needed to transfer as much as commonplace and later to the premium tier.
With Premium, we gained entry to options like bulk transfers, precedence help, larger switch limits, and superior integration with accounting instruments like Xero and Slack. The enterprise tier (that I did not consider personally) promised tailor-made onboarding, customized billing choices, and a devoted account supervisor and was aimed toward bigger groups or firms scaling quickly.
Technically, Qonto is sharp. You possibly can set spending limits per card, automate recurring funds, and even outline expense approval chains. The cellular app is simply as strong as the online platform. Whether or not touring or at a shopper web site, I’ve full management over the funds from my cellphone.
Nevertheless, Qonto does have its downsides. As per G2 opinions, it falls brief in comparative worth for sure worldwide customers. Some friends in Spain or Columbia talked about that platforms like Jeeves or Payhawk supply extra incentives, corresponding to cashback or decrease pricing tiers. Additionally, whereas the design is clear, some menus may very well be extra intuitive.
General, Qonto is a user-friendly and intuitive bill automation and AR automation device that provides you a transparent image of the quantity going out and in and tracks shopper transactions easily.
What I like about Qonto:
- I like doing the whole lot myself on Qonto with out calling buyer operations.
- One other characteristic I admire is the velocity of notification as quickly because the fee is made.
What do G2 Customers like about Qonto:
It is rather straightforward to handle all day-to-day transactions, together with the technology of shopper invoices, the sending and receiving of funds, and the depositing of cheques. My accountants can simply have a look at the account and take an digital snapshot of the whole lot taking place. The shopper help is quick and environment friendly, and all queries are answered in a well timed method.
– Qonto Evaluation, Andrew A.
What I dislike about Qonto
- Whereas the platform gives a easy monetary administration expertise, the service value is excessive, particularly in comparison with conventional banks. G2 opinions have highlighted this.
- Different choices, like Jeeves in Columbia or Payhawk in Spain, had been capable of supply a greater deal, as per G2 consumer opinions.
What do G2 customers dislike about Qonto
“What’s lacking immediately in Qonto is the flexibility to deposit money, which may occur generally. And what could be nice is to have a fee hyperlink to supply it straight on our gross sales pages.”
– Qonto Evaluation, Sandrine M.
4. Quadient Accounts Receivable by YayPay
Quadient Accounts Receivable by YayPay is an AR automation platform that automates money assortment workflows, stabilizes web income, and helps handle expense invoices for B2B firms.
I evaluated Quadient AR for some time, and truthfully, it may be an important a part of managing collections and money move.
The largest win for me has been the automation and user-friendliness. From automated fee reminders to setting and monitoring “promise-to-pay (P2P) commitments, this platform reduces guide grunt work. The UI is clear and intuitive and does not require a steep studying curve, which is uncommon for monetary software program.
What additionally stood out throughout onboarding was the sleek integration with our accounting programs, particularly Netsuite. Quadient AR built-in our total buyer portfolio with minimal points. The setup did not require weeks of back-and-forth with tech help. That made me assured that this was higher than a flashy SaaS device.
One other level I admire is real-time analytics and buyer visibility. The dashboards are extremely useful for monitoring excellent balances, ageing studies, and bill disputes.
I received a transparent image of what is due, who owes what, and the way lengthy it has been pending with out downloading Excel sheets or ready on customized studies.
The communication historical past is on every buyer’s profile, although I want there was a extra logical method of viewing message threads on the dashboard.
I additionally appreciated the provision of customizable assortment workflows tailor-made to our operations. Whether or not segmenting prospects based mostly on threat or setting escalation guidelines, the workflow builder offers me management.
I not really feel boxed in inflexible course of templates. And the automated reminders (electronic mail nudges or overdue notices) exit precisely as configured, so I do not even should handle follow-ups.
Nevertheless, the device has its share of downsides as properly. When prospects pay giant batches, say 50+ invoices, it creates a separate line of notification for every bill. This clutters the shopper display screen. It could be significantly better to have one consolidated view displaying all of the invoices and whole paid.
Additionally, the occasional system updates mess with my show preferences. It is irritating when my customizing views reset with out warning.
From a subscription standpoint, Quadient AR gives flexibility. Nevertheless, I observed premium options like superior analytics, buyer portals, and expanded workflow guidelines are solely accessible in higher-tier plans.
The bottom plan covers necessities like fee monitoring, bill reminders and help for fundamental integrations. However in case you are a big enterprise or need predictive money forecasting or credit score threat evaluation, you’ll want to improve.
General, Quadient is a dependable AR automation platform that tracks excellent funds, sends bill updates, and provides you insights on steadiness funds to automate accounting operations and cut back guide errors.
What I like about Quadient Accounts Receivable by YayPay:
- What impressed me was the flexibility of every buyer to make use of the e-mail path. Whether or not it’s an bill, a fee remittance challenge, or a dialogue, it is multi functional platform.
- I additionally beloved how straightforward to navigate, user-friendly, and customizable the platform is. That aligned with my enterprise wants.
What do G2 Customers like about Quadient Accounts Receivable by YayPay:
“I feel this program has been tremendous useful in preserving issues organized and prospects knowledgeable. Tremendous user-friendly and customer-friendly. I LOVE IT. I exploit it day-after-day. Buyer help is useful when we now have any glitches. Implementation was easy, and we had numerous assist with the whole lot. All accounts had been built-in easily with minimal points.”
– Quadient Accounts Receivable by YayPay Evaluation, Marilyn T.
What I dislike about Quadient Accounts Receivable by YayPay
- Though Quadient tracks your bills, I came upon that the conversations in communication are usually not grouped, and the inbox wants a little bit of tweaking. That is additionally being highlighted in G2 opinions.
- G2 customers additionally talked about that workflows may be troublesome to make use of and that including customers can generally result in hiccups.
What do G2 customers dislike about Quadient Accounts Receivable by Yaypay
“Now we have struggled to have a responsive buyer success agent. We had been not too long ago assigned a brand new one, so I’m optimistic.
Additionally, generally, buyer help struggles to reply in a well timed method. The excellent news is that they do ship out notifications when their response has been delayed, so you understand you aren’t forgotten.
– Quadient Accounts Receivable by YayPay, Becky T.
5. HighRadius Accounts Receivables
HighRadius Accounts Receivables is a B2B accounts receivable and monetary administration device that optimizes money forecasting, gives AI-driven money administration companies, and tracks invoices and debtors to watch funds.
What stood out to me proper from the beginning was the automation capabilities, particularly in assortment and money utility modules. I not should manually match funds with remittance information from totally different portals.
The system seamlessly integrates with numerous fee sources and banks, saving me hours of guide reconciliation each week.
The money utility course of, which was a ache level, is now a breeze. With options like AI-powered remittance matching and straight-through processing, our workforce noticed a noticeable enchancment in effectivity.
We improved our straight-through processing fee from round 50% to shut to 85%. That may be a large leap that has decreased our dependency on guide oversight.
Yet one more characteristic I appreciated is the Worklist and Analytics dashboards. This provides us a transparent, real-time view of what is taking place throughout totally different accounts.
I can filter by precedence, view workforce workloads, and observe correspondence velocity, all from a centralized platform. It’s surprisingly intuitive, even for brand spanking new customers. And once I say intuitive, I genuinely imply user-friendly, clear, and logical.
Nevertheless, the platform additionally has a number of areas for enchancment. One of many points I confronted was with the help and growth workforce. They’re sluggish to reply, particularly when technical points crop up like sure features randomly disappearing or automated guidelines misfiring.
Whereas the innovation tempo is spectacular, it’s a double-edged sword. Rather a lot modifications always, and it’s actually onerous to maintain up. The updates additionally aren’t absolutely documented or communicated adequately.
I discovered G2 customers wishing for a clearer roadmap or higher in-app steerage when new modules are launched. The pricing is not at all times clear upfront.
From what I gathered and skilled, the core modules (like money app, collections and deductions) can be found within the fundamental tier, however options like superior AI analytics, precedence worklist routing, and integration with exterior portals are all part of extra premium plans.
We began with an ordinary subscription and rapidly realised that we would have liked a higher-tier bundle to completely benefit from AI-driven capabilities.
General, HighRadius effectively handles main AR operations and transaction volumes to make sure no fee discrepancies or guide bill processing.
What do G2 Customers like about HighRadius Accounts Receivables:
- I like how AI-driven capabilities streamline fee posting, cut back guide intervention, and establish errors to speed up money move.
- I additionally love how, after implementing the money utility module, our workforce noticed an enormous enchancment in no-touch auto money receipts.
What I like about HighRadius Accounts Receivables:
“I can observe funds that hit however will not be utilized by our money app workforce but to make sure I’m not holding any orders unnecessarily. I like that I can pull a verify copy to evaluation deduction info and confirm fee particulars at any time. The bots can pull info from our buyer portals, too, which saves us some steps. I just like the deduction module and the truth that we are able to connect all of the backups in a single place, making it straightforward to point out audit help. We will additionally run studies by age, purpose code, account rep, and different classes, which is sweet.”
– HighRadius Accounts Receivables Evaluation, Lora M.
What I dislike about HighRadius Accounts Receivables
- Whereas buyer help is often superb, I want that they had a buyer help cellphone quantity to contact the assistance desk to open a ticket. It has additionally been mirrored in G2 opinions.
- I additionally discovered, as per G2 customers, that the case submission course of and help can change into complicated and never be absolutely responsive.
What do G2 customers dislike about HighRadius Accounts Receivables
“On account of the whole lot being interconnected, getting configuration proper and understanding up and downstream implications may be difficult to handle. Safety roles will also be difficult. It’s vital to spend time testing and coaching right here to keep away from points.
Turnaround time for resolving instances post-go-live wants shut administration.”
– HighRadius Accounts Receivables Evaluation, Jen R.
6. Upflow
Upflow is a centralized AP and AR administration device that tracks your debt liabilities, displays AR account information, and builds a wholesome money move for your small business. It additionally manages your B2B funds to faucet into new funding alternatives and revenue.
I’ve used Upflow for some time, and truthfully, it is reworked how we handle excellent funds. The very first thing I observed was how extremely intuitive the platform was. I did not must spend hours figuring it out.
The onboarding was easy, the dashboard was clear, and the whole lot made sense. From day one, I may simply set automated workflows, tailor them to buyer segments, and even construct customized follow-up cadences.
What actually units Upflow aside is its workflow automation for money assortment. It is not nearly sending reminders; it permits you to construct logic-based sequences, compete with circumstances, and anticipate delays.
So as a substitute of blasting out generic emails, I’m able to ship customized, behaviour-based nudges to purchasers. You can too combine this device with invoicing platforms like Chargebee or QuickBooks. Nevertheless, a number of workforce members talked about that integration with Chargebee or Go Cardless may have been extra strong.
I additionally need to name out their collaborative dashboard. It’s not only for finance of us; every challenge proprietor or account supervisor can log in to view their accounts and excellent balances and even decide up shopper conversations the place another person left off. This decentralized visibility is a big plus for cross-functional groups.
Upflow’s analytics and reporting instruments are additionally a serious benefit for groups. You possibly can study real-time ageing studies, monitor DSO, and observe who owes what and when.
It even permits you to observe monetary key efficiency indicators (KPIs) that matter. The KPIs are distributed from preliminary bill send-outs to closing funds. That mentioned, some workforce members wished it included KPIs that tracked the journey from contractor signature to fee, not simply bill metrics.
From a UI/UX perspective, Upflow nails the fundamentals, like drag-and-drop performance, straightforward bill add, and clear record views of excellent AR. One of many highlights for me has been how rapidly Upflow evolves.
Their help workforce is just not solely responsive, however they’re additionally extremely open to suggestions. As soon as, a consumer talked about that they required a customized workflow and noticed it rolled out in per week.
Nevertheless, the platform has its ups and downs. Some workforce members talked about that pausing communication on the bill stage (as a substitute of the complete buyer stage) is inconceivable, which may trigger issues in resolving buyer conflicts.
Additionally, whereas I personally did not battle, a number of of us mentioned that there’s a slight studying curve when organising preliminary workflows.
Concerning pricing tiers, in response to my analysis, Upflow has a versatile subscription module that scales together with your AR quantity and enterprise measurement.
The fundamental plan consists of core automation, bill monitoring, and electronic mail reminders. As you go up the tiers, you get entry to superior analytics, workforce collaboration instruments, integrations (like Salesforce, QuickBooks, Xero, and Chargebee), and multi-user permissions.
The highest-tier plans include devoted success managers and customized implementation help, good for rolling it out company-wide.
General, Upflow is a dependable device that goals to hurry up money assortment, automate financial institution reconciliation, and hold observe of buy transactions and shopper outstandings to run your small business easily.
What I like about Upflow:
- I like how we may simply combine with Netsuite or Xero and customise the device to our personal workflows with ease.
- I additionally admire its capability to handle credit score management processes and assist us attain purchasers on the proper time with automated electronic mail reminders.
What do G2 Customers like about Upflow:
“I like the automation that it dropped at my AR division. In addition to the transparency inside the workforce. Everybody on the workforce may be on the identical web page for every shopper and never fear about speaking inside the home for each little replace.”
– Upflow Evaluation, Elisa R.
What I dislike about Upflow
- Whereas Upflow gives strong options for money move administration, its complete performance generally is a bit overwhelming for brand spanking new customers.
- I additionally figured, based mostly on G2 consumer opinions, that Upflow did not permit half fee of invoices, and I feel that is a helpful characteristic for AR assortment since a buyer cannot pay multi functional go.
What do G2 customers dislike about Upflow
“At the moment no performance for issuing month-to-month statements, nevertheless that is largely resolved by every buyer having a portal that they’ll obtain a portal from. I want to have the flexibility to customise the shopper statements extra, although.”
– Upflow Evaluation, Jamie T.
7. Kolleno
Kolleno is an agile AR automation device that digitizes money assortment, gives a number of fee processing integration, and superior AI capabilities to drag, retrieve, seize, and retailer accounting information in digital ledgers.
From the get-go, it felt just like the platform was designed with finance groups in thoughts. We used to battle with late funds and inconsistent follow-ups, however ever since we switched to Kolleno, our money move has visibly improved,
One of many issues I appreciated was how seamlessly it integrates with programs like Netsuite, QuickBooks, and Xero. As soon as the whole lot is linked, it prompts the automation workflows for reminders, invoicing, and even fee hyperlinks. It is clear that Kolleno is not just a few automation device; it understands the move of AR processes.
What additionally shocked me was the Kolleno GPT AI assistant. I wasn’t anticipating a lot from an AI chat characteristic in a monetary device, however this one is genuinely useful. It will possibly craft customized fee reminders, assist purchasers with invoicing or billing queries, and even summarize buyer histories, all with none guide intervention.
The dashboard can also be tremendous intuitive. I can see fee options, threat profiles, and even forecast potential money influx—multi functional place. The reporting capabilities are fairly deep, too. You get granular insights by shopper, area, and customized tags, which makes government reporting a lot simpler and extra environment friendly.
That mentioned, I did really feel overwhelmed in some areas whereas navigating the platform. The platform is fairly full-featured, and it took me a short time to study my method round the whole lot.
Kolleno additionally supplied totally different subscription tiers. We opted for premium plans to entry superior options like AI assistants or integrations. Actually, it was price it only for the time saved in admin work.
That mentioned, I want the onboarding had been a little bit extra guided, particularly with so many options to supply. It’d even be useful if the platform supplied extra interactive tutorials or built-in coaching for brand spanking new customers.
Sometimes, even the AI-generated messages want a little bit of tweaking earlier than sending to purchasers. It is not a dealbreaker, however one thing to watch out about. Nonetheless, the truth that I can customise templates and workflows means I’ve full management over tone and model voice.
General, Kolleno supplies a one-stop snapshot for shopper invoices, manages credit score and debit entries, and facilitates automated AI-based electronic mail to nudge purchasers in the fitting course and shut accounts.
What I like about Kolleno:
- I like how Kolleno mechanically follows up with purchasers persistently, which actually optimizes AR processes.
- I additionally admire how Kolleno helped us handle fee conversations with out damaging relationships with large company companions.
What do G2 Customers like about Kolleno:
“Kolleno’s job administration dashboard has made it a lot simpler for us to cope with day by day duties! The platform autogenerates the duties triggered by our personal customized workflows that we arrange throughout the onboarding. It additionally assigns the duty to the related workforce member, so everybody will get an summary view of what’s taking place for every shopper’s fee, who’s on prime of it, and ensures nothing will get forgotten.”
– Kolleno Evaluation, Alexandra C.
What I dislike about Kolleno
- Whereas the platform gives AR automation to trace funds, the one minor challenge we encountered was that it took a while to completely customise the automated workflows to suit our wants. The identical is echoed in G2 opinions.
- I felt that the device may very well be extra customizable for the principle dashboard widgets for various workforce members in several places.
What do G2 customers dislike about Kolleno
“The reporting characteristic may very well be extra customizable. I’d like to have my very own report builder contained in the platform.”
– Kolleno Evaluation, Daniel B.
Finest accounts receivable software program: Incessantly requested questions (FAQs)
1. What are the perfect accounts receivable software program for small companies?
For small companies, Melio and QuickBooks On-line with AR add-ons are prime decisions. They provide straightforward invoicing, fee monitoring, and buyer reminders with minimal setup. They’re budget-friendly, intuitive, and combine properly with widespread accounting platforms.
2. What are the perfect free accounts receivable software program on G2?
The very best free accounts receivable software program on G2 consists of BILL AP/AR, Upflow, Synder, and Sq. Invoices, which provide free AR options like fee reminders, invoicing, and fundamental reporting. You possibly can discover their G2 profiles to match consumer opinions and rankings.
3. Which accounting receivable software program integrates greatest with my present ERP or accounting software program?
Most prime AR options, like VersaPay, YayPay, and Billtrust, supply strong integrations with main ERPs and accounting instruments, minimizing guide information entry and syncing real-time fee information seamlessly.
4. How does AR software program enhance my workforce’s money move visibility and cut back DSO?
An AR software program retains observe of shopper excellent and shopper fee histories and automates electronic mail updates and reminders for due balances to those debtors. It additionally runs numerous automation for every potential shopper journey, processes invoices, and eliminates hassles with fee gateway integration that improves the workforce’s money move and reduces DSO.
5. Is AR software program scalable and safe sufficient for rising enterprise or enterprise use?
Prime-tier AR options supply bank-grade safety, role-based entry, adherence to information safety pointers like GDPR and HIPAA, and customizable, safe workflows to enhance compliance and scalability as your receivables develop in quantity.
6. What sort of buyer help and onboarding help does the AR software program supplier supply?
Main distributors sometimes supply devoted onboarding specialists, coaching sources, and 24×7 help to make sure easy implementation and fast workforce adoption. Some additionally supply customized implementation help for complicated setups.
Hedge your monetary bets and save extra
Earlier than plunging in to judge and shortlist an AR software program, take a step again to evaluation your bill processes, shopper measurement, deal sizes, and transaction quantity to make the perfect resolution and multiply your monetary efforts. With my analysis, I concluded that an AR device is an efficient solution to cut back guide errors, automate transaction workflows, and liquidate your money equivalents to stabilize total money administration and allocate your revenue for future enterprise development.
Having accounts receivable software program retains observe of all due funds, further instream of revenue, and shopper installments or excellent to cut back DSO and enhance monetary stability. Earlier than you decide in your accounting and finance groups, be at liberty to match my evaluation with your personal to reach at a call.
Take a look at how companies are embracing AI in accounting to automate their ledger filings and financial institution reconciliation lifecycles and higher preserve accounts.