Best Accounts Receivable and Payable Software in the UK

You need to track your cash flow often if you run a business. However, the process is time-consuming when done manually. This is why you need accounts receivable (AR) and accounts payable (AP) software.

These tools simplify how you record and process transactions. You can take your financial operations from chaotic to orderly when you use good software that eliminates human errors.

Keep reading if you want to know the best accounts receivable and accounts payable software in the UK. You’ll also learn about Wise Business, a cost-effective way to send business payments and receive money from abroad in multiple currencies, with conversions using the mid-market exchange rate.

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How does accounts payable and receivable software work?

Accounts payable and receivable software tracks what you owe suppliers (AP) and what customers owe you (AR). They automate tasks including invoicing, tracking, and bill processing. You can enter data once, say, a supplier invoice, and it handles the rest. You no longer have to worry about compiling spreadsheets or chasing paper trails.

For AR, it creates invoices and sends them to customers. The system records incoming payments and detects delayed payments through its logs. Billtrust, for instance, uses artificial intelligence (AI) to forecast payment dates.

AP software, on the other hand, reads supplier bills and links them to purchase orders before the payment schedule. Tipalti, for example, pays vendors in 190+ countries with one click.

Businesses using AP and AR software achieve greater accuracy in their operations and reduce administrative expenses. They also get paid on time.

Benefits of accounts payable and receivable software

Now that you know how they work, let’s discuss how they can benefit your business.

• Saves time: You no longer need to spend endless hours on manual invoicing or chasing late payments. The automated system performs recurring tasks for you.
• Eliminates mistakes: Any process that relies on manual data entry gives room for mistakes, including amount errors and neglected billing documents. AP and AR software double-checks everything and leaves no room for slip-ups.
• Increase cash flow: Late payments are bad for business. Luckily, AR tools flag overdue accounts and nudge customers fast. Also, AP software schedules payments on time, avoiding late fees.
• Gives you control: They let you track your payment in real-time and in a single location.

How to choose an accounts payable and receivable software

It’s not enough to know the benefits of AP and AR software. You also need to know what to look out for when choosing one. You need software that aligns with your business goals. Below are things to look out for when choosing an AP and/or AR software.

• Automation: Go for one that automates repetitive tasks, including invoicing procedures and payment reminder generations.
• Integration: Confirm that the software can operate with your accounting software.
• User-friendly interface: Choose one with a simple-to-use interface to reduce training time.
• Security and compliance: Choose software that provides encryption protocols and fraud detection capabilities and complies with regulatory requirements.
• Multi-payment method: Confirm that the software enables payments through different methods, including bank transfers along with credit cards and digital wallets.
• Reporting and analytics: Look out for real-time reporting when choosing an AR/AP tool. Go with one that provides visibility into cash flow and outstanding invoices.
• Scalability: Select a solution that expands through your business growth while managing huge transaction volumes.
• Good customer service: Choose one with reliable support to provide help when needed.
• Pricing: Check and compare prices to know which one suits your budget for its offerings.
• Customers’ reviews: Look out for customers’ reviews as they reveal what real users have experienced. You can find more reasons to use or not to use a tool through reviews.

As a bonus, you should also test free trials if available. That way, you get to try the software firsthand before committing to payments.

Best accounts payable and receivable software

We’ve discussed the benefits and what to consider when choosing AP/AR software. Below are the best software for accounts payable and receivable in the UK, including their features and pricing to help you choose.

Bill

Bill is a cloud-based AP/AR software that allows businesses to manage their cash flow with ease. Users trust this platform because it simplifies both AP and AR through its extensive network of users. It enables integration with accounting tools while also handling worldwide payment processes.

Main features

• Automates invoice creation and bill payments
• Tracks AR with payment reminders and real-time status updates.
• Handles AP with approval workflows and payments via ACH, card, or wire in 130+ countries.
• Syncs with QuickBooks, Xero, Microsoft, Oracle Netsuite and Sage.

Pricing model and fees

• 45 USD/user/month (Essentials plan) for basic AP/AR¹.
• 55 USD/user/month (Team) adds two-way accounting sync.
• 79 USD/user/month (Corporate) for advanced controls.
• Custom Enterprise pricing available (Transaction fees apply)

Rating from reviews platform

The ratings for Bill are 4.4 on G2 and 4.2 on Software Advice. However, it has 2.5/5 (609 reviews) on TrustPilot. Users mostly praise it for its intuitive interface.

Quadient

Quadient² is ideal because it combines the accounts payable features of Beanworks software with receivable functionalities from YayPay software. This software addresses B2B businesses that want to pay supplier bills as well as manage late customer payments.

Main features

• Automates matching invoices, purchase orders, and receipts
• Streamlined invoice processing
• Integrates with ERP systems like Sage and QuickBooks
• Global invoice processing
• Automated collections
• Customer payment portal

Pricing model and fees

They have a free version, but there’s no public breakdown for the paid version. Contact sales for plan pricing.

Rating from reviews platform

Users rate Quadient as follows: 2.2 on G2, 3.9 on TrustPilot, and 4.4 on Software Advice.

Best accounts receivable software in the UK

Collecting payment shouldn’t consume your time. Here, we share the best AR software solutions in the UK. You will benefit from these tools because they directly address invoicing, late payments, and reporting features.

Tesorio

Tesorio³ is an AR and cash flow management software that enables businesses to speed up their cash collections through process automation. They also guide decisions about when to charge customers by offering information from data analytics.

Main features

• Collections campaigns
• Cash application
• Customer payment portal
• Consolidated bank reporting
• AR forecast
• Centralised Cash Flow Management
• Pipeline management

Pricing model and fees

Pricing is not available, but you can book a demo to learn more.

Rating from reviews platform

Tesorio generally has positive reviews, and users praise them for ease of use. 4.7/5 on G2, 4.2/5 on Gartner, and 4.9/5 on Software Advice.

Billtrust

Billtrust⁴ provides an AR solution that handles payment for B2B businesses across the UK. The software enables automatic payment processing through all channels to reduce the days' sales outstanding (DSO) metric. This shortens payment cycles through personalised payment methods without compromising client assistance.

Main features

• Creates custom invoices and manages overdue payments with dunning tools
• Predicts payment dates using AI
• Streamlines invoice delivery
• Provides a billing portal for customers to view and pay invoices
• Integrates with QuickBooks, Xero, and ERPs like SAP
• Handles multi-currency payments for cross-border transaction

Pricing model and fees

Contact their sales team.

Rating from reviews platform

Billtrust has really good reviews with 4.4/5 on G2 and 4.7/5 on Software Advice. It was mostly praised for being reliable.

Best accounts payable software in the UK

Paying your suppliers shouldn’t be a chore. The software we share in this section can automate the process for you. Check out their features to choose the right one for your business.

Highradius

HighRadius⁵ enables UK companies to automate AP operations with artificial intelligence, which forms part of its comprehensive financial platform. The AI and machine learning (ML)-powered products at HighRadius, coupled with their speed-to-value implementation method, have created significant value for many businesses.

Main features

• AP inbox automation
• Zero-touch invoice processing:
• 360° visibility
• Syncs with 50+ ERPs for real-time data flow.
• Initiates payments post-approval with options like ACH, wire, or virtual cards
• Tracks payment statuses and provides digital audit trails
• Supports multi-currency payments for global suppliers

Pricing model and fees

Custom pricing is available.

Rating from reviews platform

4.3/5 on G2, 3.0/5 on TrustPilot, and 4.8/5 on Gartner. Many users applaud their great customer service.

Tipalti

Tipalti⁶ is an all-in-one accounts payable automation software platform through its mobile and desktop versions, which specialise in mass payments. The platform offers financial operations in 120 currencies throughout 196 countries.

Main features

• Uses AI technology with OCR capability to extract header and line information from invoices.
• Implements automated approval procedures
• Allows suppliers to receive payment across 120 currencies and 196 countries using PayPal and wire as well as ACH transfers
• Syncs with QuickBooks, Xero, and NetSuite for real-time books
• Payment validation occurs through 26,000 global banking rules

Pricing model and fees

99 GBP/month for the starter package and custom pricing for premium and elite packages⁶.

Rating from reviews platform

Users love Tipalti for its fast and reliable payroll processing and ease of use. It is rated as follows: 4.5/5 on G2, 3.5/5 on TrustPilot, and 2.9/5 on Gartner.

Avidxchange

AvidXchange⁷ enables multiple integration possibilities for its business customers. The platform operates as a solution that links with more than 220 different popular ERP and accounting software platforms. Businesses like yours can enhance accounts payable efficiency as well as visibility while gaining process control through AP automation solutions enhanced by AI technology.

Main features

• Manages approvals with custom workflows, accessible 24/7
• Pays suppliers via ACH, card, or check (domestic focus, some international reach)
• Integrates with 200+ systems like Sage Intacct and Microsoft Dynamics
• Tracks every transaction with real-time status updates

Pricing model and fees

Exact costs depend on volume and integrations. Contact their sales team for details.

Rating from reviews platform

4.2/5 on G2, 3.5/5, and 4.5/5 on Gartner and Software Advice.

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FAQs - accounts payable and receivable software

Here are some common questions answered:

What happens if my current accounting tool isn’t supported?

Consider using third-party tools and manual importing. Also, all software shared in this article enables CSV upload and manual input. If integration is important to you, you might want to change to an accounting system that works well with your AR and AP software.

Can accounts payable and receivable software handle VAT compliance in the UK?

Yes, most software for accounts payable and receivable provides support for VAT compliance. They perform VAT calculations while also creating VAT invoices and enabling MTD integration for tax reporting through HMRC.

What are common mistakes businesses make when using AR and AP software?

Some businesses fail to customise their settings based on their operational needs. They also neglect regular data updates, leading to payment and invoicing errors. Additionally, the absence of proper security practices can lead to both fraud incidents and compliance problems.

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Sources used:

1. Bill - Bill pricing page
2. Quadient - Homepage
3. Tesorio - Streamline AR
4. Billtrust - Homepage
5. Highradius - Homepage
6. Tipalti - Tipalti Pricing UK
7. Avidxchange - Homepage

Sources last checked on date: 28-Jun-2025