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Best Credit and Collections Software

Businesses use credit and collections software to ensure customers pay for the products and services delivered by the company. By recovering the amounts due on time, companies can rely on a consistent influx of money to finance their operations. This type of software is used by accounting teams to identify which invoices are overdue, match invoices and payments, reduce processing errors, and manage collection issues such as bad debt (amounts owed by customers that are unlikely to be paid). Accountants also use credit and collections software to manage customer credits to mitigate the risk of not getting paid. This type of software can also be used by collection agencies that recover outstanding payments on behalf of their customers.

Credit and collections software can be delivered as a standalone product or as part of a financial management suite. Standalone credit and collections tools need to integrate with accounting software and ERP systems or with related point solutions such as AR automation software.

To qualify for inclusion in the Credit and Collections category, a product must:

  • Allow users to define customer credit limits and adjust them based on payments history or type of customer
  • Match invoice information such as the amount or the due date with payments
  • Identify upcoming payments due and notify customers by email, phone, or mail
  • Manage overdue payments and apply penalties or overcharges for late payments
  • Monitor payments history and identify customers that are more likely to pay late
  • Analyze discrepancies between invoices and payments and determine what caused them
Compare Credit and Collections Software
Results: 63
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    The FICO Network is the fast, direct connection to resources that collections and recovery professionals need to save time and effort. It provides a single point of connectivity to service providers to streamline business processes and automate transactions between creditors, collection agencies and attornies, plus access to account information from more than 90 databases and data consolidators


    In as little as 15 minutes, Tesorio can connect to your ERP to learn from your customers' historical behavior, and project forward to instantly increase the accuracy of collections forecasting. Collectors can automate key aspects of their workflows through advanced dunning, and prioritize white glove outreach with user friendly filtering and template managers. Improved outreach results in lower DSO and a reduction in stale invoices (aged 60+). When feedback from your clients on promise-to-pay or expected pay dates is tracked and updated in Tesorio, those new expectations automatically flow through to update the forecast- driving additional accuracy to inform cash management. With a better understanding of inflows, our clients are positioned to more effectively manage outflows, and we empower them to do exactly that as strategically as possible. We can make recommendations on payments to delay and push payment holds directly to NetSuite, all while quantifying the net working capital impact. Tesorio also reduces noise associated with Foreign Currency exposures, by automating exposure reporting to display midmonth gain/loss analysis, net exposure positioning, and easy drill downs by currency or entity.


    Chargebacks911 offers chargeback remediations and loss recovery solutions.


    CollBox demystifies the collections process and simplifies collections management with an integrated platform that connects QuickBooks Online with a network of certified and vetted collections agencies.


    Leverage smart automation to control operating costs, streamline collection process and maximize employee efforts


    Anytime Collect automated accounts receivable software puts the entire A/R process on auto-pilot, allowing collectors to save time and focus on building key customer relationships. Users are able to automate email, including attachment of supporting documents such as invoices, purchase orders, and more. Available online bill pay allows customers to pay by clicking an email link and entering through a secure payment portal. Anytime Collect has a prioritized actions list that tells you who needs to called right away, whether they need to be called or emailed, their account info and past communication notes. Even more features are available and are shown in a demo.


    ARC Collections automate routine tasks with over 150 notifications that can be tailored to business, allowing collectors to focus on the customers that can't (or won't) pay. It has access to accurate data, proactive reminders, and intuitive online tools remove friction from the AR process, allowing customers to collaborate and pay when ready. Leveraging data from current ERP and billing system, ARC enables a holistic, central view of the status of all receivables.


    Carixa is an end-to-end credit-to-cash system for mid and large corporations that can also be deployed standalone or as a high-performance production bolt on where you need it. Either way, Carixa will enable you to maximize your financial performance.


    IBS Collection and Asset Recovery Manager software simplifies complex delinquency collections processes to help banks and credit unions improve results by operating at lower cost and with less risk.


    Churnback is Stopping Churn, Revenue Loss and Chargebacks by automation. Churnback makes sure your customers pay on time, increasing your revenue through automation and fight back chargebacks by automation and a global collection network.


    intelligent debt collection and litigation software packed with cutting edge features that enable the user to provide a market leading service.


    Cogent automates the collections process across the complete lifecycle, reducing the cost of collecting debt and increasing debt recovery.


    The Collect! cloud based hosted solution is all inclusive; the hardware, the applications, the environment, the backups and the maintenance are all taken care of for you. This substantially lowers the cost of getting started, allows you to pay for what you use in the cloud, and enables you to grow without having to reinvest in additional hardware or reconfigure systems that were not properly sized.


    Collection AdvantageSM helps you identify which accounts have the greatest and least recovery potential.


    Collection Partner includes interfaces to national networks and recovery systems which allow you to collect and communicate with forwarders faster and provide a high degree of accuracy with electronic data exchange.


    HighRadius Collections Cloud is designed to automate and optimize the credit collections management process to improve collector efficiency, minimize bad debt write-offs, improve customer relationships and reduce DSO.


    Easy to use debt collection software designed for Windows 10


    CollectMax from JST delivers affordable, user-friendly solutions


    debt prevention and collection smartphone app.


    CollectPlus uses the latest technology to offer you a powerful and reliable software system for debt collection & recovery.


    HighRadius Credit Cloud is designed to replace a paper intensive credit management process with an electronic one to enable better credit portfolio and risk management and to quickly onboard new customers.


    CreditForce's range of products are integrated with over 40 of the world’s leading Accounting Systems, including SAP, Oracle, Epicor, Axapta, JD Edwards, Microsoft Dynamics, Microsoft Navision, Sage, Lawson, Infinium, and many Legacy Systems, with Editions for Industrial, Commercial and Government, and Professional Services Businesses complemented by a range of Supporting Applications.


    Credit Hound, automates many of your day-to-day credit control processes and is designed to pick up where your existing accounting system stops.


    Credit Manager is a Metro 2 credit reporting software solution.


    CreditorWatch offers business credit reporting solutions.


    CreditPoint Software's SaaS platform offers the most comprehensive B2B credit risk and collections management solutions available. The product suite offers: online credit app, ratings & financial data, bureau integration, configurable scoring models, rule-based workflows, analytics driven monitoring and alerts, and business intelligence.



    Credit Time 2000 allows any businesses to report consumer credit accounts and business commercial accounts to the national credit bureaus.


    Full Featured Debt Collection and Recovery Software for All Types of Debt


    Debtflow manages every aspect of the debt collection process focussing you on your core business and automating away everything else.


    Running a debt management business with DebtKit is simple. Everything is in the cloud, there is nothing to install and it's designed with Financial Conduct Authority compliance in mind.


    Debtmaster360 offers everything you need to run your collections department. Quick setup and seamless operation with secure features allows your agency to be the best of the best, while significantly reducing capital expenses and exponentially increasing reliability and redundancy. This leaves you to focus on the core business of Debt Collection.


    Debtpack is a Windows based product that helps you effectively manage the accounts receivable process. It creates emails and sms's based on business rules and templates, it supports diary driven to do lists and allows for workflow escalation.


    Debt Collection Software System designed to cater for the entire debt lifecycle


    DebtView supports small businesses from a single user, to multi-national corporations with hundreds to thousands of users. Our cloud debt collection software is simple to use, fast, reliable and dynamic.


    Debtze gives you cashflow insight in seconds using clear graphics and plain talking language. We also automatically chase what's owed to you through a highly effective, multi-channel debtor management process.


    Delta M. Collection is a program complex for your recovery process automation.


    HighRadius Electronic Invoice Presentment and Payment (EIPP) Cloud provides tools that automate and speed up invoice communication and facilitate a faster collection of payments, enabling a closer and more convenient relationship with customers.


    ENCollect is a mobility driven solution for collection agencies, field agents and banks to colloborate on debt collection activities, end to end.


    ezCash is a collaborative, web-based debt collection software application that enables you to do just what our other clients are doing --- collecting accounts receivable faster


    EZ COLLECTOR offers all the features, flexibility, and sophistication of mainframe packages at an affordable price


    Collection Optimization uses FICO’s sophisticated decision modeling algorithms to quantify the impact of business decisions and actions on debt collection and recovery outcomes. With the ability to run “what if” scenarios and stress test results, managers easily and confidently choose the optimal decision for virtually any aspect of collection operations, including placements, settlements, resource allocation and other objectives.


    FICO Custom Collection and Recovery Models help organizations accelerate collection revenue by bringing analytic models up-to-date with today's changing economies and consumer behavior. FICO's sophisticated predictive analytics, domain expertise and careful tailoring to the operational environment assures credit issuers and collectors they have the precise models they need to determine whether to allow accounts to self-cure or charge-off


    Organizations collecting debt successfully gain control of collection costs and profitability by implementing the FICO Debt Manager solution, a complete and highly automated system for collection and recovery


    A comprehensive credit and collections management solution suite, aggregates data for a single view of cash and risk.


    iMX is a commercial finance/debt collection software including accounts receivable, accounts payable, corporate finance, and more. iMX provides all the tools natively integrated to perform commercial finance/debt collection and supporting activities.


    InterProse ACE is the most flexible, feature-rich, intuitive, mind-blowingly friendly debt collection solution on the market


    Lariat is a cloud debt collection solution that provides agencies and corporations with a wide array of tools to manage collection accounts. CRM module for sales agent to track leads and convert them to clients.


    masterQueue is a web based skip tracing and collection software that combines artificial intelligence with public records data, in order to efficiently locate lost customers or assets.


    Improve your Cash Flow with an efficient and intuitive Cash Collection Software !