HighRadius and Billtrust both automate accounts receivable for enterprise and large mid-market B2B companies, and both price by quote only. Choose HighRadius for an AI-led suite with credit, deductions and cash application for a shared-services team. Choose Billtrust if delivering invoices into customer AP portals and taking B2B payments is your biggest job.
In short
- Choose HighRadius if you need credit management, deductions and high-volume cash application in one suite, on SAP, Oracle, Microsoft Dynamics or NetSuite.
- Choose Billtrust if your customers want invoices in their AP portals or as e-invoices, and you want payments and collections on the same platform.
- Price: neither publishes a price. ERP Research reports $50,000 to $150,000+ a year for HighRadius and $20,000 to $60,000 a year for Billtrust, plus processing fees.
- Ratings: G2 users rate Billtrust higher (4.4 vs 4.3); Gartner Peer Insights reviewers rate HighRadius higher (4.6 vs 4.3).
You have two vendor demos booked. HighRadius says it has over 1,500 clients, including Adobe and Nestle, and Billtrust names Staples, FedEx and United Rentals. Neither website shows a price, and each vendor publishes pages that say it beats the other. This page puts the facts each one documents in one place, so you can go into both demos with the right questions.
Which one fits your business?
HighRadius fits a large shared-services finance team that handles credit, deductions and cash application, and Billtrust fits a supplier whose customers want invoices in their AP portals.
- Choose HighRadius if you are an enterprise with a shared-services team that reviews credit, resolves deductions and applies a high volume of cash. HighRadius names SAP, Oracle, Microsoft Dynamics and NetSuite among its integrations, and its scope extends to AP, financial close and treasury.
- Choose Billtrust if your customers require invoices in their own AP portals or in e-invoicing formats such as Peppol, and you want to take payments and run collections on the same platform. Billtrust delivers into more than 260 AP portals and offers a digital lockbox.
Neither vendor states a revenue or invoice floor. Both sell through a demo and a written quote, so ask each one for its smallest current customer on your ERP.
How do HighRadius and Billtrust compare?
Both platforms cover collections, cash application and credit, and both quote prices on request. HighRadius is broader across the Office of the CFO; Billtrust goes deeper on invoice delivery and payments.
| HighRadius | Billtrust | |
|---|---|---|
| Best for | Enterprise shared-services teams wanting an AI-led order-to-cash suite | Suppliers whose customers want invoices in AP portals, plus payments |
| What it is | AI finance automation for the Office of the CFO: order to cash, AP, record to report, treasury | "The Cash Generation Platform": AR and order to cash for B2B suppliers |
| Owner | Independent, venture-backed | EQT (private equity) since December 2022 |
| Collections | Yes, with an integrated collections dialer per ERP Research | Yes, with AI prioritization |
| Cash application | Yes, straight-through cash posting per ERP Research | Yes; Billtrust claims "95%+ match rates" |
| Credit management | Yes | Yes, credit approvals |
| Deductions | Yes, deduction resolution and write-off workflows | Not shown on the pages opened |
| Invoice delivery | E-invoicing; AP portal delivery not shown on the pages opened | 260+ AP portals, print and mail, e-invoicing including Peppol |
| Customer payments | Not shown on the pages opened | Payments, including digital lockbox |
| Beyond AR | AP automation, financial close, consolidation, cash forecasting, treasury | Not shown on the pages opened |
| Late fees | None found in its product pages | None found in its product pages |
| Segment | Enterprise and mid-market; "over 1,500" clients; no floor stated | Enterprise and large mid-market suppliers; no floor stated |
| Price | Quote only; ERP Research reports $50,000 to $150,000+ a year | Quote only; ERP Research reports $20,000 to $60,000 a year |
Features come from each vendor’s home page and the ERP Research comparison listed under Sources. "Not shown on the pages opened" means those pages do not document the feature; it may still exist, so ask the vendor. ERP Research grades HighRadius stronger on 16 of 24 capabilities where the two differ, and Billtrust stronger on 8.
How does each connect to your ERP?
HighRadius names NetSuite, SAP, Oracle and Microsoft Dynamics on its own home page. Billtrust names no ERP on its home page, and third parties list NetSuite, SAP, Oracle Fusion, Dynamics 365 and Infor.
| ERP | HighRadius | Billtrust |
|---|---|---|
| NetSuite | Named among "50+ pre-built integrations". RadiusOne SuiteApp announced as Built for NetSuite in July 2021, built by HighRadius | Listed by third parties; connector type and builder not stated by Billtrust |
| Business Central | "Microsoft Dynamics" named; edition not stated | Third parties list Dynamics 365; edition not stated |
| Dynamics 365 Finance | "Microsoft Dynamics" named; edition not stated | Third parties list Dynamics 365; edition not stated |
| SAP | Named on its home page; connector type not stated | ERP Research reports certified SAP ECC and S/4HANA connectivity |
| Oracle | Oracle named; ERP Research lists Oracle Fusion Cloud | ERP Research lists Oracle Fusion Cloud |
| Other | 50+ pre-built ERP and accounting connectors | "200+ connectors to ERPs, banks, and financial institutions"; Infor listed by ERP Research |
HighRadius rows come from its home page and the July 2021 Business Wire announcement. Billtrust rows come from its home page and ERP Research. Neither vendor publishes a public list that says, per ERP, whether the connector is built by the vendor, a partner or the customer, so ask.
How well does each connect to NetSuite?
HighRadius documents a NetSuite SuiteApp with Built for NetSuite status, announced in 2021. Billtrust does not name NetSuite on its own pages, so its NetSuite connector is known only from third-party lists.
HighRadius announced in July 2021 that the SuiteApp for its RadiusOne AR product had received Oracle’s Built for NetSuite status (Business Wire, 13 July 2021). A SuiteApp installs inside NetSuite. Ask which HighRadius product your quote covers and whether that SuiteApp is still the connector you would use.
Billtrust says it has "200+ connectors to ERPs, banks, and financial institutions" but names none. ERP Research lists NetSuite among Billtrust’s ERP connections. Ask Billtrust to name the NetSuite connector, say who builds and maintains it, and list the records it syncs.
Two questions apply to both. Ask how often payments and invoice status sync back to NetSuite. For a NetSuite OneWorld account with several subsidiaries, ask for a reference customer on OneWorld. For the SuiteApp question in general, see NetSuite SuiteApp or external AR app.
How much do HighRadius and Billtrust cost?
Neither vendor publishes a price; both quote after a demo. ERP Research reports $50,000 to $150,000+ a year for HighRadius and $20,000 to $60,000 a year for Billtrust.
| HighRadius | Billtrust | |
|---|---|---|
| Published price | None; pricing page describes an annual subscription with no figures | None; no pricing page found on its site |
| Last reported annual cost | $50,000 to $150,000+ (ERP Research) | $20,000 to $60,000, rising with invoice volume; enterprise often over $75,000 (ERP Research) |
| Other reported figures | Median $12,973 a year, range $12,171 to $16,862 (Vendr; small sample, mixed product lines) | Vendr lists Billtrust with no figure |
| How it is quoted | Modular annual subscription by invoice volume; outcome-based option | Annual subscription plus payment processing |
| Processing fees | Not stated | Extra, amount not stated |
| Free trial | No, per ERP Research | No, per ERP Research |
All figures are last reported by the named third party; both vendors keep current prices hidden. Ask each for a written quote that names the modules, invoice volume, entities, implementation fee and any payment processing rates.
HighRadius also offers an outcome-based option. Its announcement says clients pay "$0 in Implementation fees, $0 in Subscription fees until Go Live", then a share of the savings realized. Ask how savings are measured before you sign, and Billtrust’s cost shape differs: a subscription plus fees on payments it processes, so model your payment volume as well as invoice volume. See ERP pricing compared for the ledger side of the budget.
What do reviewers say?
G2 users rate Billtrust 4.4 from 510 reviews and HighRadius 4.3 from 237. Gartner Peer Insights reviewers rate HighRadius 4.6 from about 150 ratings and Billtrust 4.3 from 147.
| HighRadius | Billtrust | |
|---|---|---|
| G2 | 4.3 from 237 reviews | 4.4 from 510 reviews |
| Capterra | 4.4 from 13 reviews | 4.7 from 33 reviews (search snippet; listing not opened) |
| Gartner Peer Insights | 4.6 from 149 to 154 ratings | 4.3 from 147 ratings |
| TrustRadius | No score found in search results | No score shown in search results |
G2 and Gartner figures come from each site’s search results and may have changed; open each link for the current score. HighRadius’s G2 figure is for "HighRadius Accounts Receivables" and its Gartner figure for "HighRadius Accounts Receivable Software". Billtrust’s Gartner figure is for "Billtrust Unified AR".
HighRadius’s Capterra score rests on 13 reviews, so one review moves it. Read reviews from companies on your ERP and at your invoice volume before you weigh the stars.
Why do G2 and Gartner rank them differently?
G2 and Gartner Peer Insights draw on different reviewer pools and rate differently named products, so the two sites can rank the same pair in opposite order.
Gartner Peer Insights verifies each reviewer, and both listings there have about 150 ratings. On G2, Billtrust has more than twice as many reviews as HighRadius, so the two averages rest on different groups of buyers. G2’s comparison page also scores individual features; a three-way G2 comparison scores Billtrust 8.9 on cash application (26 reviews) against 7.2 for HighRadius (56 reviews), per G2 search results; both samples are small.
Each vendor quotes the site that favors it. HighRadius’s own comparison pages cite the Gartner scores. Weigh the reviews written by companies of your size on your ERP, not the overall star rating.
Who owns HighRadius and Billtrust?
Billtrust is owned by the private equity firm EQT, and HighRadius is independent and venture-backed.
- Billtrust: EQT bought Billtrust in an all-cash deal worth about $1.7 billion, announced in September 2022. Shareholders approved it on 13 December 2022 and the company left Nasdaq (Business Wire). Billtrust has acquired iController in Belgium and Order2Cash in the Netherlands.
- HighRadius: independent and venture-backed, with headquarters in Houston, Texas. It raised a $300 million Series C on 30 March 2021 at a $3.1 billion valuation, led by D1 Capital and Tiger Global.
Ownership affects contract length, price rises at renewal and product direction. Ask each vendor about renewal caps and data export terms before you sign a multi-year contract.
Which one fits your use case?
The right pick depends on your ERP, where your invoices must land, and whether customers pay inside the tool. Pick the row closest to your setup.
| Use case | Start with | Watch out |
|---|---|---|
| Shared-services team with deductions and credit reviews | HighRadius | Enterprise scope means a longer rollout and a larger quote |
| Invoices must reach customer AP portals or Peppol | Billtrust | Its ERP connectors are not named on its home page; confirm yours |
| NetSuite, wanting a connector that installs inside the ERP | HighRadius, which announced a Built for NetSuite SuiteApp | Confirm the SuiteApp covers the product in your quote |
| SAP ECC or S/4HANA | Either | Ask each to name the SAP connector and who maintains it |
| Infor as the ERP | Billtrust, per ERP Research | Confirm the connector with a reference customer |
| Wholesale distribution with high payment volumes | Billtrust | Compare processing fees per payment, not only the subscription |
| Late fees charged automatically | Neither | Neither documents it; ask how a charge is raised and posted |
For distributors weighing more than these two, see the best AR software for wholesale distribution. For a wider field, see the best AR automation software.
What do buyers ask about these two?
Is HighRadius or Billtrust better?
Neither is better for every business. HighRadius fits enterprise shared-services teams that need credit, deductions and cash application in one suite. Billtrust fits suppliers whose customers want invoices in their AP portals and who want payments on the same platform.
What does HighRadius do?
HighRadius sells AI finance automation for the Office of the CFO. Its order-to-cash products cover collections, cash application, deductions, credit and e-invoicing, and it also sells AP automation, financial close, consolidation, cash forecasting and treasury software.
Is Billtrust a legit company?
Yes. Billtrust is an established AR and payments company that was listed on Nasdaq until EQT, the private equity firm, bought it for about $1.7 billion in December 2022. Suppliers such as Staples and United Rentals use it to bill their customers.
What is a Billtrust account?
A Billtrust account is usually a login to a supplier’s billing portal that runs on Billtrust, at an address that starts with secure.billtrust.com. The supplier that bills you sets it up, so questions about an invoice go to that supplier.
How much does Billtrust cost?
Billtrust publishes no price. ERP Research reports buyer figures of $20,000 to $60,000 a year, rising with invoice volume, with enterprise contracts often over $75,000, plus payment processing fees.
How much does HighRadius cost?
HighRadius publishes no price. ERP Research reports about $50,000 to $150,000+ a year, and HighRadius also offers an outcome-based option with no implementation or subscription fees until go-live.
Do HighRadius and Billtrust work with NetSuite?
Yes. HighRadius names NetSuite among its pre-built integrations and announced a Built for NetSuite SuiteApp in 2021. Billtrust does not name NetSuite on its home page, but third-party lists include it. Ask Billtrust who builds and maintains its NetSuite connector.
Who are Billtrust’s competitors?
HighRadius and Versapay are Billtrust’s closest enterprise competitors. For a head-to-head on the other pair, see Versapay vs HighRadius vs Billtrust, and for a wider field, the best AR automation software.
Who owns Billtrust?
EQT, the private equity firm, has owned Billtrust since its all-cash deal of about $1.7 billion closed in December 2022, when Billtrust left Nasdaq.
Where the figures come from
- HighRadius pages opened: home page, pricing page and the news page on outcome-based pricing. Built for NetSuite announcement: Business Wire, 13 July 2021. Funding: HighRadius Series C announcement, 30 March 2021.
- Billtrust pages opened: home page. Ownership: Business Wire, 15 December 2022.
- Capability grid and ERP lists: ERP Research, Billtrust vs HighRadius.
- Prices: ERP Research for both vendors and Vendr for HighRadius.
- Ratings: the linked G2, Capterra, Gartner Peer Insights and TrustRadius pages.
- Late fees row: neither vendor’s pages listed above documents a late fee or interest charge.
No vendor paid to appear on this page.
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Sources
13 sources, checked by Julie Turnbridge on October 27, 2026
- Business Wire, 13 July 2021 businesswire.com/news/home/20210713005122/en
- pricing page highradius.com/pricing
- ERP Research erpresearch.com/erp-add-ons/ar-collections/highradius/pri...
- ERP Research erpresearch.com/erp-add-ons/ar-collections/billtrust/pricing
- Vendr vendr.com/marketplace/highradius
- 4.3 from 237 reviews g2.com/products/highradius-corporation/reviews
- 4.4 from 510 reviews g2.com/products/billtrust/reviews
- 4.4 from 13 reviews capterra.com/p/127948/ReceivablesRadius/reviews
- 4.7 from 33 reviews capterra.com/p/139184/Billtrust-Invoice-Management/reviews
- 4.6 from 149 to 154 ratings gartner.com/reviews/market/invoice-to-cash-applications/c...
- No score shown trustradius.com/products/billtrust
- Business Wire businesswire.com/news/home/20221215006128/en
- ERP Research, Billtrust vs HighRadius erpresearch.com/erp-add-ons/ar-collections/billtrust-vs-h...
