13 best accounts receivable (AR) software for driving revenue

Delayed payments, manual errors, and other accounts receivable (AR) issues can limit revenue growth. But, whether your business is just getting started or you’re trying to grow an established firm or agency, AR software can help you overcome these challenges—if you choose the right one. 

So how do you select the best solution that fits your needs and helps your business improve revenue operations? Evaluating features, pricing, and capabilities is a great place to begin, and we’re here to help you get started with a comparison of the top AR solutions.

Ignition makes managing AR easy, bringing together proposals, contracts, billing, and payments in one simple platform. It’s an end-to-end client engagement and revenue ops solution, designed for businesses that want to spend less time chasing payments and more time doing what they do best: serving their clients.

With features like upfront payment collection and automated invoicing, Ignition helps you get paid faster and more consistently without all the back and forth for a completely seamless and hassle-free AR experience. 

Key features:

• Upfront payment collection at proposal signing
• Automated billing and invoicing to ensure consistent cash flow
• Automatic payment reminders to cut down on follow-ups and late payments
• Recurring payments and fixed fee flexibility to help businesses get paid on time without negotiating fees
• Fast ACH and direct debit (U.S./N.Z. specific) for quick and reliable payments
• Billing hub for full control and visibility into all things AR
• Zero A/R reporting to highlight performance improvements and impact
• Integrations with QuickBooks Online, Xero, and more to reduce duplicate entries and errors  

Ignition takes the stress out of accounts receivable by automating the whole process—from the moment a client signs a proposal to the day the payment hits your account. It helps you solve issues like missed payments and manual invoice processing, providing solutions that improve financial operations. 

The platform offers multiple tiered pricing plans to fit businesses of all sizes, from solopreneurs to enterprises. You can get started for free (no credit card required) and test out Ignition for 14 days.

When you’re managing both incoming and outgoing payments, juggling tools can slow you down. BILL brings AR and accounts payable (AP) together into one cloud-based platform, giving small to mid-sized organizations and agencies the automation they need to simplify the entire payment cycle.

Key features:

• Automated bill payments 
• Automated invoicing and collections 
• Accounting software integrations, including QuickBooks, NetSuite, and Xero
• Built-in audit trail and document storage 

While BILL covers the full AR and AP processes for businesses, including paying bills to vendors, it does have a few gaps. For example, it doesn’t include client management processes and features, such as customizable engagement letters and proposal templates.

For larger businesses handling massive invoice volumes, Billtrust steps in to deliver a high-powered, AI-supported solution. It’s built to manage complex B2B payment environments, helping enterprise teams speed up collections and reduce manual processing at scale.

Key features:

• Automated invoicing through multiple channels 
• Online payment portal to view invoices and make payments 
• Automated cash application 
• Collections management with automated follow-ups 
• ERP integrations with SAP, NetSuite, Oracle, and other systems 

While Billtrust offers the automated invoicing and other powerful AR features that enterprises need, smaller businesses may find Ignition’s more robust AR solution a better fit for their needs, capabilities, and budgets.

If you’re looking for a straightforward, easy-to-learn platform with a focus on flexibility, QuickBooks Online delivers. It’s a go-to for small businesses that just want a central place to manage invoicing, expenses, and financial reporting—without needing an accounting degree to navigate the dashboard.

Key features:

• Invoicing and payments with automated reminders
• Expense tracking that auto-syncs with credit cards and bank accounts
• Financial reporting with customizable reports
• Payroll management (add-on) 

QuickBooks Online is great for brand-new small businesses that just want an easy way to organize their billing. But once you start growing, you may need to upgrade to a more comprehensive, automated solution. Fortunately, Ignition makes it easy with built-in integrations for QuickBooks Online and other popular tools.

When your financial operations are too complex for basic tools to handle, HighRadius offers a fully automated, enterprise-level platform designed to optimize every corner of AR. Built for industries like manufacturing and energy, it’s ideal for companies that need deep customization and robust performance.

Key features:

• Cash application using AI-powered tools
• Automated collections management with payment reminders
• AP automation
• Integrated B2B payments with multiple payment methods
• Automated financial close and reconciliation 

Like Billtrust, HighRadius is designed to handle complex financial operations for bigger businesses. While it offers more features, it also has a steeper learning curve and a higher price tag than more modest businesses need.

Upflow is built for businesses with recurring transactions or high invoice volumes that need better AR control without sacrificing speed. Its real-time analytics and integrated customer portals make it a smart choice for B2B finance teams that want both automation and transparency.

Key features:

• Automated payment reminders via preferred customer channels
• Real-time analytics for monitoring collection effectiveness
• Flexible payment options with automated payments
• Integrated customer portals with user-friendly setups
• Seamless system integration with accounting systems, such as NetSuite and QuickBooks 

Upflow is designed for B2B financial teams that want to streamline high-volume AR workflows, but it’s not an all-in-one solution. Since it doesn’t include the client engagement features of other solutions (like Ignition), you’ll need to add on another solution if you want to automate proposals and renewals. 

Xero brings a simple, clean interface and affordable pricing to the table, making it a favorite for startups, solopreneurs, and local service providers. It’s a solid choice if you need a solution that covers core accounting tasks like invoicing, payroll, and reconciliation with minimal complexity.

Key features:

• Invoicing and billing with recurring invoices and custom branding invoices
• Automated bank reconciliation 
• Expense tracking with the ability to scan and upload receipts
• Automated payroll management
• Financial reporting 

Xero is another entry-level platform that works well when you’re just starting out, but as you scale, you may need a more robust solution that can keep up. The good news? Ignition also integrates seamlessly with Xero, so you can get the features you need without switching to a whole new tool. 

For businesses focused on real-time visibility into their cash flow, Tesorio offers predictive insights powered by automation and AI. It’s designed to help mid-sized and enterprise companies tighten up forecasting, streamline collections, and accelerate payments.

Key features:

• Automated AR processes
• Cash application using an Auto Match feature
• AI-powered email assistance
• Cash flow forecasting with real-time cash flow insights and AI-driven forecasting
• Seamless integration with financial systems, including billing, ERP, and CRM platforms

Tesorio offers the automated financial operations that drive revenue, as well as some client communication features, such as email assistance. But if you need a full client management suite, you may want to consider an end-to-end tool. 

Invoiced is all about efficiency. For mid-sized to large companies with recurring billing needs, it provides automated invoicing, integrated payments, and custom workflows to reduce friction in the billing cycle and improve cash flow predictability.

Key features:

• Automated invoicing and billing with auto invoice creation and distribution  
• Integrated payment processing with various payment methods 
• Advanced reporting and analytics with real-time insights into financial data 
• Customizable workflows and automation 
• Seamless integrations with accounting systems like QuickBooks and Xero 

Unlike Ignition, Invoiced focuses solely on financial operations, such as collections and invoicing, so you won’t find the client relationship management tools that can help you maximize revenue opportunities.  

Freelancers and service-based small businesses don’t need complex accounting tools—just ones that work. FreshBooks delivers, with user-friendly invoicing, time tracking, and payment features built with simplicity and usability in mind.

Key features:

• Customizable invoicing with branding
• Automated payment reminders for overdue payments 
• Time tracking to monitor billable hours 
• Expense management with the ability to snap photos of receipts 
• Online payments using various methods 

Freshbooks and Ignition both offer user-friendly AR solutions for service-based businesses. But Ignition’s client engagement features offer added value that helps you build strong relationships with clients and grow your base. 

Built for companies managing large volumes of outstanding invoices, Gaviti uses automation and AI to help finance teams handle collections, cash application, and customer interactions more efficiently. Its modular design also makes it easy to scale as your needs grow.

Key features:

• Automated collections management with timely payment reminders 
• Automated AI-driven cash application  
• Customizable workflows for specific AR processes 
• Customer self-service portal for viewing invoices and handling disputes 
• Comprehensive reporting and analysis in real-time 

Like some of the other solutions on our list, Gaviti is built for enterprises with extensive needs. So growing businesses looking to boost revenue will likely find Ignition’s customer engagement and automated billing features more useful. 

As part of Oracle’s NetSuite ERP, NetSuite Accounts Receivable is engineered for high-growth companies that need AR tools capable of handling complex billing models, multi-entity structures, and global compliance without missing a beat.

Key features:

• Automated invoicing and billing that generates invoices for subscriptions, orders, or project milestones
• Customer payment management with multiple payment methods
• Collections management with automated reminders and overdue invoice tracking
• Revenue recognition compliance (ASC 606I / IFRS 15)
• Real-time reporting and dashboards for instant visibility into AR metrics, such as cash flow forecasts 

NetSuite Accounts Receivable only provides AR features, mostly aimed at more complex AR needs. So if you need both the automated billing and customer management features that help smaller businesses grow, you might want to give Ignition a try.

Designed for the most complex financial environments, Oracle Fusion Cloud Financials brings powerful automation, AI, and global-scale compliance into a single AR and AP platform. It’s a strong fit for enterprise-level organizations operating across borders or industries.

Key features:

• Unified general ledger that combines financial, analytical, and operational data in a single place
• Automated AP and AR services
• Embedded AI and machine learning for finding anomalies and predicting cash flow trends
• Real-time financial reporting and analytics with role-based dashboards and KPIs
• Global compliance and multi-entity support for multiple currencies and accounting standards 

Oracle Fusion Cloud Financials is another tool that’s built for complex AR processes and global enterprises, meaning it’s a lot more robust (and comes with a higher price tag) than small and mid-sized businesses need. 

If you’re looking for automated AR solutions, the list above is a great place to start. But as you evaluate your options, keep these factors in mind to ensure you get the best solution for your needs.

Prioritize automation and AR elimination 

You don’t want a solution that just turns all your analog headaches into digital ones, so look for accounts receivable automation software that streamlines processes across the board with features like:

• Automated invoicing
• Advanced reporting and analytics
• Customizable automated workflows 
• Support for a variety of payment methods 
• Seamless integrations with other business tools

Or you can take it a step further with Ignition—it gives you the open to collect payments upfront to eliminate AR altogether. You get paid on time, every month, without manually chasing down invoices.

“Ignition essentially eliminated receivables. If we had the same level of receivables now that we had had in the past, I would have a hundred thousand dollars that we’re waiting for in checks instead of those funds in my bank account.”

— Ted Backes, Director of Cognitive Training at Frankenberger Associates