Our Top Picks

Armatic
Armatic
  • Deployment: Web-based, cloud, SaaS
  • Customer service: 24/7 (live rep), online, phone during business hours
  • Online payment processing capabilities

Armatic is an accounts receivable software solution that can help businesses get paid faster and save time by reducing the need to manually follow up to collect payment. Armatic includes autopilot tools that allow customers to be contacted in various ways so they’re reminded to pay their bills. Armatic is customizable for each company’s unique needs. It can help reduce workflow and improve cash flow. A variety of paid plans are available, and a free trial is offered. This software includes the following capabilities: 

  • Integrations
  • Reports 
  • Online payment processing
  • ACH payment processing
  • Check processing 

Pros & Cons

Pros

  • Offers a free demo
  • Is a customizable solution

Cons

  • No receivables ledger
  • No overpayment processing capabilities

Summary

  • Starting Price
    • Basic: $300/month
    • Advanced: $600/month
    • Enterprise: Custom quote
  • Free Trial/Demo
    14-Day Free Trial
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Check Processing
    yes
  • Online Payment Processing
    yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: 24/7 (live rep), online, phone during business hours
  • Online payment processing capabilities
HighRadius
HighRadius
  • Deployment: Web-based, cloud, SaaS
  • Customer service: 24/7 (live rep), phone during business hours
  • Overpayment processing tools

HighRadius is another accounts receivable solution. It includes automation tools that cut down on repetitive manual tasks. HighRadius can help businesses reduce past-due payments and improve productivity and cash flow. Payments can also be automated, and if customers fall behind, HighRadius can help automate the collections management process, too. Companies interested in using HighRadius must reach out for a custom quote. These are the features included in HighRadius: 

  • Integrations
  • Reports 
  • Online payment processing
  • ACH payment processing
  • Check processing 
  • Overpayment processing 
  • Receivables ledger 

Pros & Cons

Pros

  • Feature-packed tool
  • Offers collections automation features

Cons

  • Pricing is not available publicly

Summary

HighRadius
HighRadius
  • Starting Price
    • Custom quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Business Hours
  • Check Processing
    yes
  • Online Payment Processing
    yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: 24/7 (live rep), phone during business hours
  • Overpayment processing tools
Sage 50cloud
Sage 50cloud
  • Deployment: Desktop SaaS
  • Reporting tools
  • Online payment processing capabilities

Sage50cloud is an accounts receivable solution that can help accounting professionals boost their productivity. It includes tools that increase efficiency, such as cash flow and invoicing tools, job costing tools, and payroll processing tools. Sage50cloud offers a variety of paid plans and offers a demo they call a "Test Drive." Here are some features included in Sage50cloud: 

  • Integrations
  • Reports 
  • Online payment processing
  • ACH payment processing
  • Check processing 
  • Overpayment processing 
  • Receivables ledger 

Pros & Cons

Pros

  • Offers a free demo
  • Offers affordable pricing

Cons

  • Not as many features are included in the lower priced plans

Summary

Sage 50cloud
Sage 50cloud
  • Starting Price
    • Sage 50cloud Pro Accounting: $56.08/month
    • Sage 50cloud Premium Accounting: $84.58/month
    • Sage 50cloud Quantum Accounting: $139.58/month
  • Free Trial/Demo
    Free Demo
  • Deployment
    Desktop SaaS
  • Support Options
    Business Hours
  • Check Processing
    yes
  • Online Payment Processing
    yes
Features
  • Deployment: Desktop SaaS
  • Reporting tools
  • Online payment processing capabilities
YayPay
YayPay
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Online, phone during business hours
  • Check processing

YayPay is another solution to consider. It’s a complete accounts receivable and collections management platform. YayPay has a clear accounts receivable dashboard that shows important data so accountants can make informed decisions. This software offers collection management tools and automated communication tools. YayPay also offers a secure customer statement portal, which gives customers multiple ways to pay easily. Pricing is available by custom quote. Here are the features included in YayPay: 

  • Integrations
  • Reports 
  • Online payment processing
  • ACH payment processing
  • Check processing 
  • Receivables ledger 

Pros & Cons

Pros

  • Feature-packed software
  • Offers automated communication tools

Cons

  • No overpayment processing capabilities
  • Pricing is not publicly available

Summary

  • Starting Price
    • Custom quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
    Online
  • Check Processing
    yes
  • Online Payment Processing
    yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Online, phone during business hours
  • Check processing
ZarMoney
ZarMoney
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Online, phone during business hours
  • Reporting tools

ZarMoney is an accounts receivable software that includes many features that make collecting payments easier. Users can offer payment terms and early discount discounts, automatically enforce credit limits, accept prepayments, and accept credit card and debit card payments online. ZarMoney integrates with commonly used programs like Stripe, Zapier, Shopify, and Gusto. This solution offers a variety of paid plans, including affordable plans for small businesses. The following features are included in this software: 

  • Integrations
  • Reports 
  • Online payment processing
  • Overpayment processing 
  • Receivables ledger 

Pros & Cons

Pros

  • Offers a free demo
  • Offers multiple paid plan options

Cons

  • No ACH payment processing capabilities
  • No check processing capabilities

Summary

ZarMoney
ZarMoney
  • Starting Price
    • Entrepreneur: $10/month
    • Small Business: $14/month
    • Enterprise: Starts from $350
  • Free Trial/Demo
    15-Day Free Trial
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
    Online
  • Check Processing
    no
  • Online Payment Processing
    yes
Features
  • Deployment: Web-based, cloud, SaaS
  • Customer service: Online, phone during business hours
  • Reporting tools

How We Chose the Best Accounts Receivable Software

Many businesses struggle to have their invoices paid regularly. This means accountants and business professionals have to waste their time chasing payments, which takes them away from more important work tasks. The good news is using accounts receivable software can help ensure payments take place when due. There are many accounts receivable software options available. We evaluated each company on this software list based on the most important features to help businesses choose the right software for their needs.

Processing Options

Accounts receivable software should include a mix of features that support online payment processing, such as ACH payments, checks, and overpayments. We evaluated software options that include these accounts processing tools.

Integrations

This software should have pre-built integrations for accounting systems, ERP systems, and other tools that are used along with accounts receivable software. We looked at software that offers pre-built integrations.

Reports

It’s also recommended that accounts receivable software includes reporting tools. Detailed reports can help the user assess and improve their accounts receivable practices. We evaluated accounts receivable software options that include reporting capabilities.