Invoice-to-Cash Applications Reviews and Ratings
What are Invoice-to-Cash Applications?
Gartner defines the invoice-to-cash (I2C) applications market as cloud-based applications that enable corporate controllers to automatically manage collections and apply customer payments to invoices. I2C applications typically gather, disseminate, track and analyze data from and to internal and external sources. They make I2C processes more efficient and effective, including managing and monitoring deductions, disputes and credit risk. They also typically can ensure invoices are delivered to customers and that customers have options to pay them. I2C applications enable I2C transaction processing across multiple ERP systems.
Organizations use I2C applications to collect and apply customer payments to open invoices, perform credit and collections activities, manage deductions and disputes, and deliver and present invoices to customers for payment. I2C applications are cloud-based tools that provide organizations with a standard way of processing across ERPs, while creating flexibility for buyers in how they receive or access invoices as well as pay and dispute them.
I2C applications allow an organization to connect and exchange data with multiple ERP systems and other operational tools, such as customer relationship management tools, as well as with partners such as credit and collections agencies, logistics providers, banks and payment service providers. They use data to determine credit risk, automate collections and cash applications activities as well as help manage the resolution of deductions and disputes. Such activities result in faster collection of cash, improved visibility to cash flow, an improved customer experience and reduced process cost.
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Billtrust is in the business of offering automated order-to-cash solutions to B2B firms, making payment processes quicker and more efficient. Operating across over 40 industries, their solutions are designed to meet varied requirements and expedite cash application through bespoke invoice delivery, secure multi-channel payment acceptance, intelligent matching, and payment posting. With a history in Accounts Receivable automation, Billtrust effectively addresses the distinct needs of varying AR departments. Innovations introduced by Billtrust encompass a supplier-driven payments network, automated invoice delivery systems, and streamlined credit application process, facilitating the swift adoption of electronic invoices and payments and overcoming technology bottlenecks. Their objective is to ensure a smooth customer experience by providing integrated solutions that let businesses operate unfettered by manual interactions. Billtrust is headquartered in Lawrenceville, NJ.
HighRadius is a company that specializes in developing autonomous software solutions primarily targeted towards the Office of the CFO. The company's core product is a cloud-based autonomous platform that is data-driven and has the ability to change its behavior based on transient transactional data. This software can efficiently digitize order-to-cash, treasury, and record-to-report processes, featuring modern capabilities like artificial intelligence, robotic process automation, natural language processing, and no-code platforms. HighRadius's unique proposition combines the functionality of an application software vendor with a middleware platform for AI or RPA, thereby delivering measurable business outcomes, including DSO reduction, working capital optimization, bad-debt reduction, reduced month-end close timelines, and improved productivity in under six months.
Quadient is the driving force behind the world’s most meaningful customer experiences. By focusing on Intelligent Communication Automation, Parcel Locker Solutions and Mail-Related Solutions, Quadient helps hundreds of thousands of customers worldwide simplify the connection between people and what matters.
Esker is a global cloud platform built to unlock strategic value for Finance, Procurement and Customer Service professionals, and strengthen collaboration between companies by automating the cash conversion cycle.
Esker’s solutions incorporate AI technologies to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and employees.
Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin.
Sidetrade is an International SaaS company that provides AI-powered order-to-cash solutions, leveraging its massive data repository, the Sidetrade Data Lake, to help businesses improve their financial performance. Sidetrade's AI platform, Aimie, analyzes millions of worldwide B2B customer payment experiences to provide predictive analytics and actionable insights that enable businesses to accelerate cash flow, optimize efficiency, and increase customer satisfaction. Hundreds of companies worldwide, from very large multinationals to mid-size enterprises rely on Sidetrade's AI-powered order-to-cash solutions to help them compete more effectively in the marketplace and improve their bottom line and cash generation.
BlackLine is a publicly-traded company known for addressing traditional accounting challenges. It leverages a cloud-based financial operations management platform to enhance the efficiencies of financial departments. The primary objective of BlackLine is to modernize accounting procedures by consolidating the data and processes along with automating mundane activities. This also ensures accountability through comprehensive visibility. BlackLine provides comprehensive solutions for managing and automating various activities like financial close, accounts receivable, and intercompany accounts. They cater to both large and midsize corporations across various industries to help optimize accounting procedures. BlackLine operates globally with its main operations sprawled across several business hubs such as Los Angeles, New York, the San Francisco Bay area, London, Paris, Frankfurt, Tokyo, Singapore, and Sydney.
FIS is an enterprise deeply involved in the commerce and financial transactions that fuel the global economy. With a keen focus on supporting businesses and communities flourish, FIS continuously innovates in how the world manages payments, banking, and investments. FIS provides services to over 20,000 clients and operates at more than a million merchant locations spanning over 130 countries.
Gaviti provides Autonomous Invoice-to-Cash solutions designed for midmarket and enterprise B2B companies. The platform enhances visibility and control for management while helping accounts receivable teams streamline processes, reduce late payments and write-offs, and efficiently resolve disputes. Gaviti's product suite includes Credit Management, Collection Management, Dispute Management, and Cash Application, available individually or in combination based on the company’s needs. Every product includes Reports, Dashboards, and an AI copilot, allowing teams to leverage data for informed decision-making.
For growing businesses that need to accomplish more with less, Versapay’s Accounts Receivable Efficiency Suite simplifies the invoice-to-cash process by automating invoicing, facilitating B2B payments, and streamlining cash application with AI. Versapay’s features include cash application automation, electronic invoicing, ERP payment integration, accounts receivable automation, virtual card acceptance automation, and automated payment processing. It is headquartered in Miami and maintains a presence in additional locations throughout the United States and Canada.
Workday is a prominent provider of cloud applications intended for finance and human resource management. Their primary objective is to assist businesses in adapting to changes with the help of their various applications. They provide applications for financial management, human resources, planning, spend management, and analytics, all of which are built upon the foundations of artificial intelligence and machine learning. This technology is intended to support organizations globally in navigating the evolving nature of work. Workday's services are utilized by numerous organizations worldwide, across a variety of industries.
Microsoft enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. Microsoft is dedicated to advancing human and organizational achievement.
Microsoft Security helps protect people and data against cyberthreats to give peace of mind.
Oracle is a cloud technology company that offers computing infrastructure and software solutions globally. This organization has developed an autonomous database, the first of its kind, to help manage and secure data. Oracle Cloud Infrastructure presents functionalities to facilitate the transition of workloads from on-site systems to the cloud, and vice versa, as well as between different clouds. Oracle's cloud software applications provide modern tools designed to support sustainable growth and resilience in businesses. Tools developed by Oracle are used by a wide range of users including nonprofit organizations and businesses of various sizes, to aid in operations like supply chain streamlining, human resource management, financial planning and connecting data and global users. Apart from business solutions, Oracle's technology also aids in tasks ranging from government defense to scientific and medical research.
SAP is a company that aims to improve operational efficiency worldwide. The primary focus is on helping customers optimize their business operations. SAP develops innovative solutions to support this objective. The company plays a crucial role in transforming industries by fostering opportunity and equality on a global scale. By collaborating with customers and partners, SAP is capable of making substantial changes across various industries, supporting the growth and development of economies and societies.
Emagia, an autonomous finance solutions provider, focuses on providing modern finance teams with the tools necessary for successful order-to-cash operations and customer financial services. The company's cloud-based, Finance AI platform offers an integrated solution managing all order-to-cash processes leveraging on AI, automation and analytics. Emagia's flagship autonomous finance AI, Gia, has self-learning capabilities that allow it to understand complex workflows, analyze documents and data, make predictions, and suggest business decisions. This enhances the efficiency of finance operations while reallocating people to strategic tasks. Emagia has over 15 years of experience in order-to-cash operations. Its services are utilized globally, supporting diverse languages and various payment modes. The platform can integrate smoothly with multiple financial systems.
Invoiced is an established platform focused on aiding businesses in expediting their payment processes and improving the efficiency of their collections. The company's primary problem-solving feature is its ability to streamline and enhance the overall payment experience for businesses. With a broad international customer base, Invoiced specializes in automating the field of account receivables. The company is based in Austin, Texas and offers a prominent A/R automation platform.
Tesorio is a company dedicated to promoting operational efficiency and growth in organizations through its innovative connected finance methods. The key offering, the Tesorio Cash Flow Performance Platform, departs from traditional cash flow forecasting and collections procedures. Instead, it presents real-time predictions, streamlined workflows, and actionable insights based on behavioral trends. The end goal is to equip finance teams with the capabilities to enhance cash flow performance, predictability, and customer relationships. By utilizing Tesorio's solution, finance teams across diverse industries have experienced improvements in forecast-building efficiency, collection productivity, and a notable drop in average days sales outstanding. The company relies on its network of knowledgeable supporters from the finance software startup scene and respected individuals in the finance sector.
Sage is tailored to the unique needs of Small and Medium-sized Businesses (SMBs), providing them with essential information, insights, and user-friendly tools. Concentrating on key operational domains such as Payroll, Human Resources, and Finance, Sage offers software solutions designed to enhance business efficiency. By forming strategic partnerships, Sage delivers confidence and actionable insights to SMBs, assisting them in streamlining their operations. The company's commitment is to empower SMBs through collaborative relationships and advanced technologies, ensuring smooth business activities and enabling success.
Zuora provides a monetization platform to build, run and grow a modern business through a dynamic mix of usage-based models, subscription bundles and everything in between. From pricing and packaging, to billing, payments and revenue recognition, Zuora’s flexible, modular software solutions are designed to help companies evolve and scale monetization with demand. More than 1,000 customers around the world use Zuora’s combination of technology and expertise to transform their financial operations and how they go to market. Zuora is headquartered in Silicon Valley with offices in the Americas, EMEA and APAC.
Auditoria is a company that facilitates corporate finance processes through AI-powered automation. The firm primarily focuses on areas such as vendor management, accounts receivable and payable, and accruals to improve cash performance. The firm uses natural language processing, generative AI, and machine learning to enhance ERP systems, streamlining mundane tasks and promoting efficiency. It offers real-time visibility into cash performance and facilitates the automation of complex functions. Auditoria can integrate with existing systems to automate collections and payment processing, manage vendor and finance inquiries, and provide data insights concerning cash performance. The company's solutions aim to optimize the finance back office by automating administrative tasks and enabling more efficient operations.
9ci is engaged in developing smart web applications with an aim to facilitate improved work efficiency and quicker payments for businesses. The core problem addressed by the company revolves around managing cash flows. 9ci assists in maintaining sustainable cash inflows by ensuring quick invoice payments. Their expertise ranges from endorsing eco-friendly invoicing techniques to automating follow-up mechanisms for delayed payments. Furthermore, it simplifies the entire process of invoice payment, ultimately positioning itself as a reliable solution for managing account receivables.
Features of Invoice-to-Cash Applications
Mandatory Features:
The product must provide automated management of collections and the application of customer payments to invoices
The product must be a cloud-based application
Optional Features:
The product is an integrated platform that enables I2C transaction processing across multiple ERP systems
The product can gather, disseminate, track and analyze data from and to internal and external sources to make I2C processes more efficient and effective, including managing and monitoring deductions, disputes and credit risk
The product can ensure invoices are delivered to customers and that customers have options to pay them