Billtrust
Billtrust provides an automated accounts receivable platform that helps you accelerate cash flow by streamlining invoicing, payments, and collections through a unified cloud-based solution.
Esker
Esker is a global cloud platform that uses AI-driven automation to streamline your entire source-to-pay and order-to-cash cycles for better financial efficiency and visibility.
Quick Comparison
| Feature | Billtrust | Esker |
|---|---|---|
| Website | billtrust.com | esker.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2001 | 1985 |
| Headquarters | Lawrenceville, USA | Lyon, France |
Overview
Billtrust
Billtrust is a comprehensive accounts receivable automation platform designed to help you get paid faster while reducing manual workloads. You can manage the entire order-to-cash cycle in one place, from initial credit applications and electronic invoicing to payment processing and cash application. By automating these repetitive financial tasks, you minimize human error and provide your customers with a modern, digital payment experience that fits their preferred workflows.
The platform is built for mid-market and enterprise organizations that handle high volumes of transactions across various industries like manufacturing, distribution, and transportation. You can integrate it directly with your existing ERP system to ensure data stays synchronized across your financial stack. Whether you need to automate collections outreach or simplify complex multi-channel invoicing, the software provides the tools to optimize your working capital and improve operational efficiency.
Esker
Esker provides a comprehensive cloud platform designed to automate your most critical financial processes. You can manage everything from procurement and accounts payable to order management and accounts receivable in one centralized location. By using AI and machine learning, the software eliminates manual data entry, reduces processing errors, and speeds up your entire cash cycle.
You can gain real-time visibility into your global cash flow and strengthen relationships with both your suppliers and customers through dedicated self-service portals. The platform is built for mid-sized to large enterprises looking to digitally transform their back-office operations. It integrates directly with your existing ERP system to ensure your financial data remains accurate and synchronized across your entire organization.
Overview
Billtrust Features
- Electronic Invoicing Deliver invoices through your customers' preferred channels, including email, AP portals, and digital lockboxes to ensure faster delivery.
- Business Payments Portal Give your customers a branded self-service portal where they can view balances, download invoices, and make secure payments easily.
- Automated Cash Application Match incoming payments to open invoices automatically using AI-powered matching logic, even when remittance data is messy or missing.
- Collections Management Prioritize your outreach with automated workflows and risk-based scoring so you focus on the accounts that impact cash flow most.
- Credit Automation Onboard new customers faster with digital credit applications and automated credit scoring to make informed lending decisions in minutes.
- Payment Processing Accept credit cards, ACH, and wire transfers securely while benefiting from lower processing costs through optimized Level 2 and 3 data.
Esker Features
- AI Data Capture. Extract data from invoices and orders automatically using AI that learns from your specific document layouts over time.
- Supplier Portals. Give your suppliers a self-service space to upload invoices, track payment status, and communicate with your team directly.
- Dynamic Dashboards. Monitor your key performance indicators in real-time with customizable charts that help you identify bottlenecks and trends.
- Automated Workflows. Route documents for approval automatically based on your specific business rules to ensure compliance and faster processing.
- Customer Portals. Provide your customers with a convenient way to place orders, view invoices, and make payments online at any time.
- Mobile Approval App. Review and approve pending invoices or purchase requisitions from your smartphone while you are away from your desk.
- Global Compliance. Stay compliant with international e-invoicing regulations and tax requirements across over 60 different countries automatically.
- ERP Integration. Sync your financial data seamlessly with major ERPs like SAP, Oracle, and Microsoft Dynamics without manual exports.
Pricing Comparison
Billtrust Pricing
Esker Pricing
Pros & Cons
Billtrust
Pros
- Significantly reduces manual data entry for cash application
- User-friendly payment portal improves the customer experience
- Strong integration capabilities with major ERP systems
- Automated reminders help decrease Days Sales Outstanding
Cons
- Initial implementation process can be time-intensive
- Reporting tools may require a learning curve
- Occasional delays in customer support response times
Esker
Pros
- Significant reduction in manual data entry time
- Excellent integration with major ERP systems
- High accuracy in AI-driven document recognition
- Improved visibility into global cash positions
- Responsive customer support during implementation
Cons
- Initial setup and configuration takes time
- Interface can feel complex for new users
- Customization often requires technical assistance
- Pricing is high for smaller organizations