Best AR Automation Software for Plaid

Monk serves as an advanced AR automation solution tailored for expanding B2B enterprises. It streamlines the entire receivables process, from generating invoices to smart collections and cash application. The collections feature proactively addresses overdue invoices by utilizing context-driven communication through channels such as email, Slack, and voice, achieving a resolution rate of 90% without needing human involvement. For cash application, it effectively matches payments with an accuracy of 80%, which can increase to 95% when employing recommended rules. Additionally, the platform automates invoice submissions to over 600 accounts payable portals, including popular systems like Coupa and Ariba. Cash forecasting leverages historical payment behavior to provide insights into expected cash flow over 30, 60, and 90 days. Credit management integrates external signals alongside your payment history for a comprehensive overview. Dispute tracking meticulously documents each case, including financial impact, reason codes, and relevant context.

Accounting Seed is the #1 accounting solution built on the Salesforce Platform for small to midsize businesses, serving a variety of different industries. When you use Accounting Seed, the essential rules of accounting remain the same—what’s different is how Accounting Seed allows you to run your business your way. It’s not rigid or siloed—it’s automated, flexible, customizable, and connected. Bring more of your business solutions onto one platform with Accounting Seed's fully connected solution on Salesforce, and run your business in one place from sales lead to accounting ledger.

Alder serves as the AI solution for managing accounts receivable, addressing most overdue B2B invoices that are often not outright refusals but are instead hindered by stalled approvals, rejected submissions in accounts payable portals, absent purchase order numbers, short payments, or transitions in AP contacts. It efficiently identifies and resolves these issues. In terms of collections, Alder engages in follow-up communications within the original email threads, ensuring tracking of every payment commitment made. For accounts payable portals, it adeptly submits invoices to platforms like Coupa and Ariba, rectifying any rejections and managing missing purchase orders or changes in AP contacts. Regarding disputes and short payments, Alder diligently investigates each case and compiles the necessary supporting documentation. Alder integrates seamlessly with the existing systems utilized by finance teams, including Gmail, Outlook, Teams, Slack, NetSuite, SAP, QuickBooks, Stripe, Coupa, Brex, Mercury, Chase, and Plaid, thereby allowing finance teams to maintain control over their processes. Founded in 2025 by a team of former Uber engineers and headquartered in San Francisco, Alder receives support from Y Combinator, positioning itself as an innovative player in financial technology. With its emphasis on collaboration and efficiency, Alder aims to transform the accounts receivable landscape for businesses.

Stuut serves as an AI colleague that efficiently automates cash collection, managing the entire accounts receivable and order-to-cash process seamlessly, from initial outreach to final payment. Rather than burdening finance teams with additional dashboards or extra clicks, Stuut's AI agents take full ownership of workflows involving collections, payments, cash application, deductions, and credit. By proactively engaging with customers before invoices reach their due dates, Stuut identifies the appropriate billing contacts and communicates through various channels, including email, SMS, and voice. It also effectively processes incoming payments, accurately matching them to corresponding invoices while maintaining precise financial records by minimizing manual reconciliation tasks. Stuut retains every interaction and adapts to each customer's payment habits and communication styles, ensuring that information is consistently shared throughout collections, payments, cash application, and deductions, which leads to increasingly personalized interactions over time. Additionally, the system enhances efficiency and reduces the likelihood of errors as it learns and evolves with each customer engagement.