Fintech / Payments

AR Automation Software

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER

What is AR Automation Software?

Accounts receivable (AR) automation software companies automate the entire AR process, from credit collections management to AR analytics, with the aim of reducing repetitive and time-consuming tasks. Other AR automation solutions provide customizable approval processes for all AR transactions, invoice matching, automated processing of claims, and collection strategies.

Selling a product or service?
Reach more buyers.

Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.

Claim your CB Insights Profile

Leaders

Leaders are the most established service providers in the market and possess the breadth to address various customer needs.

See why these companies made it as leaders for AR Automation Software. These companies include Apruve and HighRadius.

Apruve logo
Apruve

United States / Founded Year: 2013

Apruve provides a corporate account management and financing solution which allows online B2B sellers to give their business customers a revolving line of credit without any accounts receivable or cash flow risk. Apruve offers A/R automation with guaranteed next-day financing on all open invoices. The company was founded in 2013 and based in Minneapolis, Minnesota.

Key People

Michael Noble, Dave Onnen

HighRadius logo
HighRadius

United States / Founded Year: 2006

HighRadius is a fintech enterprise SaaS platform that automates accounts receivable and treasury processes with AI-based autonomous systems powered by the Rivana AI Engine and Freeda Digital Assistant. HighRadius Integrated Receivables platform reduces cycle times in order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. HighRadius Treasury Management helps teams achieve touchless cash management, accurate forecasting, and seamless bank reconciliation.

Known Partners

Riveron, Deloitte

Known Customers

Citibank, YASKAWA Electric

Key People

Sreedhar Narahari, Sashi Narahari, Urvish Vashi, and 1 more

D
DadeSystems

United States / Founded Year: 2011

DadeSystems provides account receivable (AR) automation solutions. Its SaaS-based enterprise platform includes DadePay AR Automation, which automatically captures all incoming payments, including cash, checks, ACH, EFT, and credit cards, and matches the payments to open invoices and updates the companies' ERP systems for immediate deposit; and ePayment customer portal and fully integrated mobile application, which allows companies to send notifications and alert customers when payments are due. The company was founded in 2011 and is based in Miami, Florida.On April 18th, 2022, DadeSystems was acquired by Versapay. The terms of the transaction were not disclosed.

Known Partners

Fiserv, Apollo Bank, FSi, and 1 more

Key People

Doug Hathaway, William Zayas, Dave Wilson, and 2 more

M1xchange logo
M1xchange

India / Founded Year: 2002

M1xchange is a holder of the TReDS (Trade Receivables Discounting System) licenses issued by the Reserve Bank of India. The technology platform acts as an exchange to facilitate the financing of trade receivables of micro, small and medium enterprises from corporate buyers through 'factoring' or 'invoice discounting' by external financiers. It focuses on ensuring seamless liquidity flow between all stakeholders, providing bill discounting and more. It was founded in 2002 and is based in Haryana, India.

Key People

Vivek Misra, Jacob Raphael, Anurag Chaturvedi, and 2 more

B
Blu

Brazil / Founded Year: 2011

Blu is a platform for prepayment and management of receivables for small retailers. The company is on a mission to connect the retail industry through financial solutions.

Key People

Rafael Sobral, Pedro Gomes, Adalberto Pieve

Highfliers

Highfliers are the most innovative service providers in the market and possess the resources to address evolving customer needs.

See why these companies made it as highfliers for AR Automation Software. These companies include Tesorio.

Tesorio logo
Tesorio

United States / Founded Year: 2013

Tesorio is a cash flow performance platform that helps finance teams better manage, predict and collect cash. Tesorio's cash flow performance platform applies machine learning to key financial data to help customers with accounts receivable automation including smart workflow tools, predicted pay dates, and automated collections forecasting.

Key People

Carlos Vega, Fabio Fleitas, Stephanie Nevin

Outperformers

Outperformers are the most specialized service providers in the market and possess the expertise to address unique customer needs.

See why these companies made it as outperformers for AR Automation Software. These companies include Cobre Facil Online and Transworld Systems.

C
Cobre Facil Online

Brazil / Founded Year: 2017

Cobre Facil Online is a platform that facilitates the process and management of receivables, payments and financial services focused on the offline market of providing services and retail to freelancers and SMEs.On January 26th, 2022, Cobre Facil Online merged with Credoro.

Key People

Paulo Henrique, Emiliane Baldivia

T
Transworld Systems

United States / Founded Year: 1970

Transworld Systems provides accounts receivable management, debt collections, and loan servicing solutions. The company's global operations are powered by its proprietary data analytics and best-in-class compliance management system.

Known Partners

ClinicTracker

Known Customers

iPatientCare

Key People

Joseph Laughlin, Neal Stern, Joel Petersen, and 2 more

Challengers

Challengers are the most promising service providers in the market and possess the agility to address emerging customer needs.

See why these companies made it as challengers for AR Automation Software. These companies include Collectly and Likvido.

Collectly logo
Collectly

United States

Collectly is an automated solution for chasing up late payments. Collectly allows its corporate customers significantly increase financial liquidity by utilizing the in-house made AI to automate B2B receivables management. Colleclty is useful specifically for SMEs, who look for an easy-to-use yet comprehensive solution to automatically collect outstanding debts. By using Collectly, an average user collects about 65% of all outstanding debts fully automatically in a pre-legal stage, without any advances or commissions.

Known Partners

DrChrono

Key People

Max Mizotin

L
Likvido

Denmark / Founded Year: 2018

Likvido is a debt collection agency that also developed a software solution for automating the accounts receivable management process: invoices sendin, automate reminders, fully licensed debt collection & updates accounting when paid.

Key People

Maximilian Frimmer, Lars Holdgaard

What is AR Automation Software?

Accounts receivable (AR) automation software companies automate the entire AR process, from credit collections management to AR analytics, with the aim of reducing repetitive and time-consuming tasks. Other AR automation solutions provide customizable approval processes for all AR transactions, invoice matching, automated processing of claims, and collection strategies.

Selling a product or service?
Reach more buyers.

Your future customers are researching their next tech solution on CB Insights. Make sure they can find you.

Claim your CB Insights Profile