Here Are Our Top 7 HighRadius Alternatives for Faster AR Collections

Quick Summary

If HighRadius feels too heavy or slow for your team, this guide reviews 7 top alternatives: Lunos, Billtrust, Tesorio, Invoiced, Gaviti, Versapay, and Esker. We break down features, use cases, and strengths, and show which tools fit different team sizes and invoice volumes.

Here are our top three picks:

Looking for the Best HighRadius Alternative for Your Team?  

HighRadius is a strong AR platform, but it can feel heavy for teams that want faster setup and easier automation. If your team needs a more flexible solution or one better suited to your invoice volume, several alternatives are worth considering.

In this Lunos guide, we break down the top 7 HighRadius alternatives, their pros and cons, and how they compare on automation, integrations, and scalability. By the end, you’ll have a clear view of which solution keeps your AR process running smoothly. 

Why Listen to Us? 

At Lunos, we help AR teams cut manual work, improve response times, and use two-way intelligence to speed up collections. We see firsthand where AR processes break down and which tools genuinely help teams move quickly. This guide reflects that experience, giving you a clear, practical view of the best HighRadius alternatives for finance teams. 

What is HighRadius?

HighRadius is an enterprise accounts receivable (AR) and treasury management platform for mid-sized and large companies. It helps finance teams manage invoicing, collections, cash application, deductions, and cash forecasting in one central system.

The platform automates many manual AR tasks, such as payment matching and follow-ups, and connects with major ERP systems. HighRadius is ideal for organizations with high invoice volume that need advanced workflows and global support.

Key Features

• Full invoice-to-cash coverage: Handles credit, e-invoicing, collections, cash application, deductions, and more in one platform. 
• AI-powered cash application: Automatically matches incoming payments to invoices, even across lockboxes or bulk payments.
• Smart collections automation: Sends reminders and follow-ups, prioritizes overdue accounts, and reduces past-due balances.
• Credit and risk management: Helps teams assess customer creditworthiness to minimize bad debt. 
• Integrated receivables workflows: Keeps invoicing, collections, cash application, and reporting connected so nothing slips through the cracks.

Limitations of HighRadius

• Complex setup and configuration: Takes time and technical resources to implement and customize.
• Higher cost for smaller teams: Pricing favors mid-sized and enterprise companies more than small businesses.
• Steep learning curve: Users often need training to navigate advanced features and workflows.
• Slower updates or changes: Adjusting workflows or system rules can take longer compared with lighter AR tools.

If your team finds HighRadius too complex or slow, the following tools offer simpler setup, smarter automation, and easier integration with your workflows.

7 Top HighRadius Alternatives For Businesses

Here’s a quick comparison of the alternatives.

1. Lunos 

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Lunos is a modern AR platform built to help finance teams cut manual follow-ups and keep invoices moving. Unlike traditional AR tools, Lunos uses two-way intelligence to read email context, understand customer history, and respond naturally, speeding up collections without adding headcount.

It connects seamlessly with tools like QuickBooks, NetSuite, HubSpot, and Salesforce, giving you a single view of your receivables. Lunos also handles reminders, reconciliations, and payment-related questions, so your team focuses on strategy, not manual follow-ups.

Key Features 

• AI-driven receivables agent: Acts as a 24/7 teammate, sending reminders, replying to customers, matching payments, and keeping follow-ups moving.
• Two-way intelligence engine: Adapts messages based on customer behavior and payment history. 
• Smart contact discovery: Identifies the right finance contacts, updates details automatically, and routes messages correctly.
• Adaptive follow-up strategy: Adjusts tone, timing, and escalation based on customer behavior and invoice status.
• Unified AR workspace: Syncs with major ERPs and payment processors for a single, clear view.
• Multi-channel communication: Supports outreach and replies through email, Slack, and the customer portal.
• Insight dashboard: Shows collection status, bottlenecks, DSO trends, and agent activity without relying on manual spreadsheets.

Pricing

• Starter: No monthly fee. Suggest Mode is free for the first $100k each month, with a 0.3 percent fee on collected revenue.
• Pro: $200 per month plus a 0.3 percent collections fee. Includes Slack support, added configuration options, and more controls for teams that are scaling.
• Enterprise: Custom pricing for larger organizations. Provides multi-entity support, tailored AI behavior, volume discounts, and advanced onboarding.

Pros

• Keeps your team focused on strategy, not chasing payments 
• Customers respond faster thanks to human-like messaging 
• Gives a single, clear view of receivables without toggling between systems 
• Keeps receivables moving around the clock
• Scales easily as your team grows

Cons

• Enterprise plan requires contacting sales, not instantly self-serve

2. Billtrust  

Billtrust is an accounts receivable platform designed for midmarket and enterprise teams managing high invoice volumes. It helps finance teams spend less time chasing payments and more time on strategic finance tasks. With strong cash application tools and broad AP portal coverage, it’s built to handle complex B2B billing without losing track of invoices.

Key Features 

• Automated invoicing and billing: Creates and sends invoices across email, AP portals, print, or portal delivery.
• Flexible payment options: Accepts multiple payment methods so customers can pay how they prefer.
• AI-powered cash application: Matches payments to invoices automatically, even with partial or bulk payments.
• Collections automation: Sends payment reminders and manages overdue follow-ups to improve on-time payments.
• Order to cash coverage: Covers invoicing, payments, and reconciliation in one platform.

Pricing

Billtrust uses a custom-based pricing model. Costs depend on your company’s size, invoice volume, and required features. 

Pros

• Improves accuracy in cash application, reducing reconciliation headaches
• Provides clear visibility into payment trends for better forecasting
• Streamlines onboarding for new AR team members

Cons

• More costly for smaller businesses with lower invoice volume
• Requires configuration effort to match custom workflows

3. Tesorio   

Tesorio is a cash flow and AR management tool that helps companies forecast revenue, track outstanding invoices, and prioritize collections. Designed for growing businesses and enterprises, it fits teams that want smarter collections and clear visibility into incoming payments.

Key Features 

• Real-time cash flow visibility: Gives a live view of incoming payments, receivables, and cash position for up-to-the-minute clarity.
• AI-powered forecasting: Uses historical data and payment patterns to predict when invoices will be paid and flag potential cash-flow issues.
• Automated cash application: Imports bank data and matches payments to invoices, reducing manual reconciliation work.
• Smart collections workflows: Automates payment reminders, follow-ups based on invoice age, and customer behavior.
• Unified data integration: Connects with ERPs, CRMs, billing, and banking systems for a single view of AR.

Pricing

Custom pricing based on company size, invoicing volume, and needed features.

Pros

• Prioritizes collections based on invoice risk and age
• Improves planning and decision-making with predictive insights
• Gives a real-time picture of cash flow and AR health 

Cons

• Complex setup and integration can require time and technical input
• Forecast accuracy depends on the quality and consistency of input data

4. Invoiced   

Invoiced is a cloud invoicing and accounts receivable solution geared toward small to mid-sized businesses. It automates invoice creation, payment reminders, and online payment processing to help teams get paid faster. Its simple setup makes it a strong fit for businesses without large finance departments.

Key Features 

• Automated invoicing: Generates and sends invoices automatically via email or client portals.
• Subscription and recurring billing support: Handles recurring payments and subscription invoicing for ongoing services.
• Online payment processing: Lets customers pay via multiple payment methods, with built-in payment links on invoices.
• Automatic payment reminders: Sends follow-up emails before and after due dates.
• Cash application automation: Matches received payments to outstanding invoices to reduce manual reconciliation.

Pricing

Custom pricing based on company size, features, and transaction volume.

Pros

• Built-in payment links let customers pay directly with minimal friction
• Cloud-first design allows teams to manage AR anywhere without heavy IT support
• Transparent billing history reduces disputes and keeps customers in the loop

Cons

• Less ideal for complex invoice workflows or high-volume invoice processing
• Fewer integration options than full-scale AR platforms

5. Gaviti   

Gaviti is an AI-driven invoice-to-cash platform built to help mid-size and larger B2B teams get paid faster without drowning in manual follow-ups. Its central collections workspace and real-time reporting let finance teams prioritize what matters, resolve disputes efficiently, and stay on top of cash flow.

Key Features 

• Unified invoice-to-cash platform: Gives full control over invoicing, collections, cash application, credit checks, disputes, and payment workflows.
• Automated collections and reminders: Sends personalized follow-up based on invoice age, payment history, or custom criteria.
• AI-powered cash application: Matches payments to invoices automatically, reducing manual reconciliation.
• Credit management and risk monitoring: Monitors customer credit risk and sets appropriate limits to protect cash flow. 
• Dispute and deduction management: Tracks and resolves disputes with structured workflows, cutting down on write-offs.

Pricing

Custom pricing based on company size, feature needs, and invoice volume.

Pros

• Automated risk checks help prevent late or missed payments before they happen
• Quick dispute resolution reduces write-offs and keeps customers happy
• Self-service portal for easy access to invoices and payment history

Cons

• Custom features and setup may raise costs compared with basic invoicing tools
• Less brand recognition than long-standing enterprise AR platforms

6. Versapay   

Versapay is a cloud-native AR platform that handles invoicing, payment processing, cash application, collections, and customer payments in one place. It’s built for mid-market to enterprise companies that deal with many invoices and need digital payments. Versapay shines because it offers a branded customer portal and supports multiple payment methods.

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Key Features 

• Digital invoicing and customer portal: Sends invoices electronically and lets customers view, pay, and manage them online.
• Automated collections management: Tracks overdue accounts, prioritizes high-risk invoices, and generates follow-up reminders.
• Automated payment matching across multiple methods: Uses AI to reconcile incoming payments, ACH, wire, card, or check, so your team doesn’t chase manual reconciliations.
• Recurring billing and payment scheduling: Allows customers to set up auto pay or recurring payments for regular billing.
• Customizable customer notifications: Automate branded reminders, confirmations, and status updates to improve communication.

Pricing

Versapay offers flexible, custom pricing based on account size, required features, and transaction volume.

Pros

• Multiple payment options make it easier for customers to pay on their terms
• Customer collaboration tools simplify dispute resolution and payment coordination
• Recurring billing support helps maintain consistent cash flow for subscription or repeat services

Cons

• Customer portal adoption requires education; not all clients may use it immediately
• Recurring billing tools may be overkill for one-off invoices or irregular payment schedules

7. Esker   

Esker is a cloud-based AR solution that covers the full invoice-to-cash process: from invoice delivery to payment matching, collections, credit checks, and dispute handling. Designed for mid-size to large organizations with high invoice volumes, Esker excels at providing visibility and control across complex AR operations.

Key Features 

• Automated invoice delivery: Sends invoices via email, EDI, portal, or post according to each customer’s preference.
• Global compliance and multi-currency support: Handles invoicing and payments across 60+ countries with support for multiple currencies.
• AI-powered cash application: Automatically matches incoming payments to open invoices and reconciles them, even for complex remittance formats.
• Credit and risk management: Combines credit data and risk indicators to help assess customer creditworthiness and manage credit approvals.
• Customer self-service portal: Enables clients to view invoices, pay online, check payment status, and submit claims or communications.

Pricing

Custom pricing based on company size, transaction volume, and chosen features.

Pros

• Helps teams resolve disputes faster, minimizing write-offs.
• Centralizes AR data, reducing reliance on spreadsheets and manual tracking
• Supports global operations with multi-currency and compliance coverage

Cons

• Advanced features might be an overkill for companies needing simple AR needs
• Customization and configuration complexity may increase the total cost 

Speed Up Your AR Processes With Lunos

If HighRadius feels too heavy, complex, or slow to adapt to your team’s needs, Lunos gives you a faster and more modern way to manage AR. Instead of rule-based automation, Lunos uses two-way intelligence and human-like communication to keep invoices moving without constant manual work.

With automated reminders, natural customer replies, clear payment tracking, and smooth integrations, Lunos gives you the clarity and speed needed to improve collections, without adding headcount or overhauling your existing systems.

Want to collect payments faster? Get started with Lunos for free.