However, anyone involved in AR management knows that the devil lies accounts receivable automation in the details. Each stage of this process can be riddled with challenges, particularly when handled manually. In fact, teams relying on manual processes for revenue collection spend 30% of their time prioritizing and gathering information to make a collection, and only 20% of their time actually communicating with customers. Before we do a deep dive into AR automation, it’s important to understand why efficient AR management serves as an anchor to financial success. In today’s economic climate, where capital is scarce and market competition is relentless, finance and operations teams are learning that a steady cash flow and revenue growth are fundamental strategies for survival.

Best Accounts Receivable Automation Software Reviewed For 2025

Accounts receivable automation — or AR automation — automates manual accounts receivable processes with software to save time, reduce costs and prevent errors. Overall, Quadient is a reliable AR automation platform that tracks outstanding payments, sends invoice updates, and gives you insights on balance payments to automate accounting operations and reduce manual errors. To study the market further, I reviewed and evaluated  7 best accounts receivable software Bakery Accounting that tracks outstanding payments, sets payment reminders, and regulates financial credits to run your business smoothly. Simply by reducing the repetition and need for manual tasks, an automated accounts receivable system can speed up processes and put hours back into your team’s days.

• Accounts receivable management software has several advantages that may significantly improve your accounts receivable procedures.
• The pricing structure can feel a little opaque, especially when exploring premium features.
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Accounts Receivable Automation Market

Features like automated invoice generation and AI-powered payment reminders, help ensure that customers receive accurate, timely invoices and reminders, eliminating common errors and delays. Our self-service portal empowers customers to track payment statuses, view invoices, and resolve queries on their own, reducing response times and increasing satisfaction. Additionally, real-time payment matching ensures that customer payments are processed quickly and accurately, preventing delays and minimizing friction. Autopay redefines the way you manage accounts receivable by automating invoice payments, ensuring that your cash flow remains uninterrupted. With our user-friendly customer portal, your clients gain complete control over their payment preferences, making late payments a thing of the past.

HighRadius: Best Solution for Teams with Complex Cash Application Processes

As businesses grow and transactions become more complex, the need for automation and smarter systems has never been greater. Accounts receivable management with AI can streamline AR operations, offering enhanced accuracy, faster payment processing, and improved decision-making. By analyzing vast amounts of AR data, AI helps predict payment behavior, identify potential issues Certified Public Accountant early, and reduce human error, transforming the way AR teams operate.

With real-time tracking and reporting, AR automation software provides instant insights into outstanding invoices, payment trends, and cash flow projections. This level of visibility enables CFOs to make data-driven decisions and optimize financial strategies. CFOs should aim to be proactive and provide key insights that only they have into the business’s cash flow, credit management, and more.

• People choose credit and debit cards for convenience, making them the most common payment methods, followed by checks and cash.
• You can automate AR collection by implementing software that schedules payment reminders, identifies delinquent accounts, and initiates follow-ups through predefined workflows.
• Instead of generating invoices, AR automation tools import them from your accounting or ERP system.
• Each step that’s automated helps the entire process run more smoothly while also freeing up time to spend on other value-adding tasks.
• Request product demos and involve key stakeholders in the decision process, ensuring the chosen provider meets cross-departmental needs and delivers the highest ROI.
• As per IMARC Group, the global accounts receivable automation market, valued at USD 2.8 billion in 2024, is expected to reach USD 6.4 billion by 2033, growing at a CAGR of 9.7%.

Benefits of Accounts Receivable Automation

AI-driven dynamic discounting and payment term adjustment tools address these challenges by analyzing a customer’s payment behavior, financial health, and purchase history. These AI applications in AR use real-time data to offer personalized payment terms and discounts, optimizing the timing and amount based on a customer’s ability to pay. By dynamically adjusting terms, companies can improve cash flow without negatively impacting relationships. Enhanced customer communication through AI chatbots offers several advantages, including faster query resolution, improved customer satisfaction, and reduced workload for support teams. By addressing customer concerns promptly, businesses can encourage timely payments and build stronger client relationships.

• Kolleno is an agile AR automation tool that digitizes cash collection, offers multiple payment processing integration, and advanced AI capabilities to pull, retrieve, capture, and store accounting data in digital ledgers.
• Atomic Invest also shares a percentage of compensation received from margin interest and free cash interest earned by customers with NerdWallet.
• While these systems can improve data management, they still require manual intervention for payment processing and reconciliation tasks.
• AI systems can automatically match incoming payments with open invoices, eliminating the need for manual intervention.
• Our centralized customer payment portal benefits both you and your customers.
• It generates reports on accounts receivable aging, cash flow forecasts, collection performance, and customer payment trends.

Invoiced: Best for robust features

It supports various functions such as creating and distributing invoices, processing payments, sending payment reminders, reconciling accounts, and analyzing AR data. You will need to figure out whether you need to automate a particular process, like invoicing, cash application, collections, etc., or automate the end-to-end account receivable process. If any particular department is lagging, you can automate that single department. But, if the performance of your whole AR department is slowing down, automating completely would be a better idea.

Our company is global — can an AR solution handle that?

For cross-validation, the adoption trend of solutions, along with different use cases, with respect to their business segments, has been identified and extrapolated. Weightage has been given to use cases identified in the different application areas for the calculation. Accounts receivable automation solution vendors invest in AI technology to enable finance and accounting executives to strengthen their financial efficiency. AI and ML can help enhance finance-related operations efficiently by providing deeper insights into the business process. For instance, with the help of AI, companies can analyze every business process and pinpoint the areas where modifications can be made to achieve higher value.

As per G2 reviews, it falls short in comparative value for certain international users. Some peers in Spain or Columbia mentioned that platforms like Jeeves or Payhawk offer more incentives, such as cashback or lower pricing tiers. The pricing structure can feel a little opaque, especially when exploring premium features. Some users have reported falling into “subscription traps,” like paying for a month’s subscription without fully understanding which features justify that cost. “Billtrust has some great features that have been added. I love having one platform that can almost do everything needed to work my accounts daily. Customer Support has been great when submitting tickets and always so friendly.” There are syncing delays when pushing batches of data, especially with large volumes.