Billtrust alternatives for invoice delivery, payments and collections

Billtrust serves B2B suppliers in industries including distribution, manufacturing, equipment, medical, retail and transportation. Its own pages describe invoice delivery "automatically across every channel" (email, its buyer payment portal, AP portals, Peppol, clearance platforms and print), a branded self-service buyer payment portal, payments across methods, cash application, AI-prioritized collections, and credit approval and monitoring.

It says it integrates with multiple ERPs but does not name them on the pages we read.

Usually because of fit:

• You need part of it. A supplier whose invoices already reach buyers, but whose overdue ones go unpaid, may want a collections tool rather than an invoicing and payments platform.
• Size. A business invoicing a few hundred customers by email has simpler needs than one selling into large buyers through AP portals.
• Accounting system. On QuickBooks or Xero, look for a tool that names your system.
• Payments. Some teams want payments inside the AR tool. Others keep their current payment methods and only want follow-up handled.

Versapay

Versapay offers electronic invoicing, a customer portal where buyers pay, view account history and resolve disputes, B2B payments including ACH and cards, AI cash application, and collections. It lists manufacturing, wholesale distribution and professional services.

Best fit: a supplier that wants invoices, payments and customer conversations in one shared portal.

Accounting systems: NetSuite, Sage Intacct and Microsoft Dynamics 365, with other ERPs through open APIs or flat files.

Esker

Esker sells order-to-cash software to "the Office of the CFO." It sends invoices in each customer's preferred format, with e-invoicing compliance in more than 60 countries, plus collections, cash application, credit, deductions and online payments.

Best fit: a larger supplier with e-invoicing obligations in several countries, or several ERPs after acquisitions.

Accounting systems: says it integrates with over 70 ERPs; none named on its home page.

HighRadius

HighRadius covers order-to-cash (collections, cash application, deductions, credit, e-invoicing) alongside payables, payments, close and treasury, for mid-sized and large organizations. See HighRadius alternatives.

Best fit: a finance team that wants receivables and wider finance on one platform.

Accounting systems: 50+ ERPs and systems, with pages for SAP, Oracle, Microsoft Dynamics and NetSuite.

Kolleno

Kolleno covers collections, a payment portal, cash application, disputes, credit risk and forecasting, plus an AP Portal Agent that submits invoices through customers' AP portals, which overlaps with part of Billtrust.

Best fit: a finance team on QuickBooks, Xero or a mid-sized ERP that wants collections and payments together.

Accounting systems: NetSuite, QuickBooks, Microsoft Dynamics, Xero and Sage.

Paidnice

Paidnice sends reminders and scheduled statements, adds late fees that can wait for your approval, runs a payment portal with card, bank transfer and payment plans, and reads replies to draft the next step for a person to approve.

Best fit: a small business that wants reminders and a payment portal on top of its books.

Accounting systems: Xero and QuickBooks.

The AR Agent

The AR Agent covers one part of what Billtrust does: collections follow-up. The AI agent chases overdue invoices by email from the due dates in QuickBooks or Xero, reads and answers replies, tracks promises to pay, and brings disputes and judgement calls to a person.

It does not deliver invoices to AP portals, process payments, run a portal, apply cash or check credit.

Best fit: a small or mid-sized B2B business whose real problem is overdue invoices nobody has time to chase.

Accounting systems: QuickBooks and Xero, with Gmail or Outlook.

All seven do some form of collections follow-up.

Split the job into three parts:

1. Getting invoices to buyers. If buyers demand AP portals or e-invoicing, Versapay, Esker and Kolleno address parts of it.
2. Getting paid. If you want customers to pay inside the AR tool, you need a portal. Versapay, Kolleno and Paidnice describe one.
3. Following up when they don't. Ask every vendor what happens when a customer replies, disputes a line or promises a date. Our guide to invoice disputes explains why that matters.

If only the third part is a problem, a collections tool is the smaller change. Our collections software guide covers what to look for, and Versapay alternatives compares portal-led tools.