Top 7 Alternatives to Esker for Accounts Receivables Automation

Introduction

Finding the right account receivable(AR) automation platform can feel like a challenge, especially if you’ve outgrown what Esker offers.Whether you’re looking for smarter automation, faster results, or tools that truly scale with your business, it’s important to know your options.

In this guide, we’ll walk you through the top seven alternatives to Esker—platforms designed to simplify AR processes, boost efficiency, and deliver real results.

Why Explore Alternatives to Esker?

While Esker offers solid AI-driven invoicing and compliance features, it struggles with slower innovation, manual updates, and limited payment processing capabilities. These gaps can leave businesses looking for solutions that keep pace with modern AR demands.

Exploring alternatives like HighRadius enables businesses to adopt future-ready, AI-powered AR platforms that drive efficiency, scalability, and innovation.

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Credit

Onboard customers seamlessly and manage credit limits, predict risks, and handle blocked orders to reduce bad debt.

Collection

Reduce past-due with AI-prioritized worklists and automate collection emails to manage long-tail customers.

Cash Application

Apply cash with 90% more accuracy by automating remittance aggregation and AI-guided exception management.

Deductions

Automate document aggregation from 250+ portals and emails and prioritize invalid claims efficiently to resolve disputes faster.

EIPP

Enable electronic invoicing, customer self-service portals, and secure online payments to improve billing and enhance cash flow.

Top 7 Alternatives to Esker

1. Billtrust
2. Emagia
3. Serrala 
4. FIS
5. HighRadius
6. Sidetrade
7. Versapay

Billtrust

Top Features:

• Unified AR Platform: Combines invoicing, payments, customer portals, and digital adoption capabilities into one cohesive system. This ensures streamlined accounts receivables processes, reducing inefficiencies and manual interventions.
  • Advanced E-Invoicing Compliance: A dedicated regulatory team actively monitors global e-invoicing mandates and collaborates with partners like Deloitte to ensure businesses remain compliant, mitigating risks associated with non-compliance.
• Configurable Analytics: Offers powerful tools such as the Days to Pay Index and benchmarking capabilities, allowing businesses to track performance trends and make data-driven decisions to optimize cash flow.

Markets Served:

• Small and growing businesses needing seamless solutions for document exchanges such as invoices, remittances, and payments. These companies benefit from simplified AR workflows that save time and resources.
• Organizations requiring robust global e-invoicing solutions with built-in compliance mechanisms to operate confidently across multiple geographies.

Emagia

Top Features:

• Gia Digital Assistant: Provides advanced document processing and cognitive automation with Gia Docs, empowering teams to reduce manual tasks and accelerate order-to-cash cycles through smart AI-driven capabilities.
• Advanced Analytics: Delivers predictive insights that enable businesses to proactively manage credit, streamline cash applications, and handle deductions effectively, improving overall AR performance.
• Enterprise-Grade Functionality: Supports multilingual and multi-currency operations, ensuring seamless ERP integrations for enterprises operating in diverse and global markets.

Markets Served:

• Large enterprises handling complex, multi-geography order-to-cash workflows that require advanced tools for operational efficiency and scalability.
• Companies looking for AI-powered automation to resolve disputes faster, optimize collections, and gain actionable insights for AR processes.

Serrala

Top Features:

• AI-Driven Automation Across AR Processes: Streamlines credit risk assessment, cash application, and collections workflows with AI-powered tools, reducing manual effort and accelerating the order-to-cash cycle.
• Integrated Remittance and Dispute Management: Handles multi-format remittances, automates dispute classification and resolution, and ensures real-time updates to ERP systems for seamless operations.
• Predictive Insights and Reporting: Delivers advanced analytics for proactive credit decisions, optimized collections strategies, and improved visibility into cash flow and AR performance.

Markets Served:

• Global Enterprises with Complex AR Processes: Ideal for companies managing high-volume, multi-currency transactions across geographies that need AI-driven automation to streamline AR operations.
• Industries with High Customer Interactions: Suitable for sectors like manufacturing, distribution, retail, and professional services requiring efficient dispute resolution and proactive credit management.

FIS 

Top Features:

• Native Email Integration: Seamlessly integrates email functionalities to improve credit and collections risk assessments, allowing teams to collaborate efficiently without switching between platforms.
• Configurable Workflows: Provides the flexibility to tailor workflows to specific industry requirements, ensuring companies can address unique operational challenges while maintaining efficiency.
• AI-Driven Automation: Automates repetitive tasks like transaction reviews and prioritizing delinquent accounts, enabling teams to focus on more strategic activities that drive results.

Markets Served:

• Large, global enterprises needing advanced analytics for credit risk, collections, and dispute management to navigate complex financial ecosystems effectively.
• Industries with unique security and AP portal integration needs, ensuring robust and reliable workflows for seamless AR management.

HighRadius

Top Features:

• AI-Powered Analytics: Leverages cutting-edge AI and ML technology to deliver deep, predictive insights across deductions, collections, and cash application workflows, helping businesses improve cash flow predictability and accuracy.
• Extensive Integrations: Boasts over 1,000 prebuilt API and RPA integrations, enabling faster ERP onboarding while minimizing disruptions to existing workflows.
• GenAI Automation: Provides unparalleled accuracy in decision-making through generative AI capabilities, reducing human effort and error in AR processes.

Markets Served:

• Large enterprises with global footprints seeking AI-powered tools to predict and optimize cash flow, automate repetitive tasks, and enhance AR processes.
• Companies looking for seamless ERP integration paired with advanced decision-making support to future-proof their AR operations.

Sidetrade

Top Features:

• AI-Powered Automation: Implements the Aimie virtual assistant for automating collections, credit, and cash application workflows, ensuring efficiency and timely follow-ups across AR operations.
• Real-Time Data Aggregation: Combines data from multiple sources into a centralized repository, enabling actionable insights and data-driven decision-making in real time.
• Process Automation: Reduces reliance on manual workflows by automating key AR tasks, enhancing team productivity and lowering operational costs.

Markets Served:

• High-growth companies scaling their operations and looking for AI-powered workflows to manage increasing complexity in collections and cash applications.
• Organizations requiring advanced analytics and automation tools to gain an edge in collections management and improve cash flow efficiency.

Versapay

Top Features:

• Collaborative AR Platform: Connects AR and AP teams via supplier and customer portals, fostering collaboration and transparency in payment processing and invoice management.
• Simplified Invoice Delivery: Streamlines electronic invoice generation and payment tracking, reducing the effort required to manage customer transactions while ensuring accuracy.
• Dedicated Customer Support: Offers concierge-level customer support programs that guide teams through adoption and troubleshooting for an exceptional user experience.

Markets Served:

• Small to medium businesses looking to improve collaboration between AR and AP teams, ensuring streamlined processes and better communication.
• Companies prioritizing ease of use and exceptional customer service to enhance their AR processes and customer relationships.

Why HighRadius is the #1 Esker Alternative?

1. Advanced AI-Powered Automation:
HighRadius leverages AI and ML to automate critical processes like cash application, collections, and deductions, delivering unmatched efficiency and decision-making insights. Serrala lacks the same depth of AI-driven automation across the order-to-cash cycle.

2. Comprehensive Cloud-Native Platform:
HighRadius offers a fully cloud-based solution designed for scalability and flexibility. In contrast, Serrala is not entirely cloud-based, which can limit agility and increase operational complexity for businesses looking to modernize.

3. End-to-End Order-to-Cash Coverage:
HighRadius provides a unified platform that covers credit, collections, cash application, invoicing, and deductions seamlessly. Serrala’s focus on payment and treasury solutions leaves gaps in AR process automation.

4. Faster Time to Value:
With prebuilt integrations for 1,000+ ERPs and rapid implementation timelines, HighRadius delivers faster ROI. Serrala’s hybrid approach often requires more customization and longer deployment cycles, impacting overall value realization.

5. Recognized Leader in AR Automation:
HighRadius is consistently acknowledged as a leader in AR automation by industry analysts, known for driving innovation and results. Serrala’s recognition is largely focused on treasury and payment management, not AR automation.