Despite the widespread adoption of digital tools, payment processing remains largely under-automated. In fact, only 23% of organizations report having mostly or fully automated payment processes. The rest still rely on manual posting, fragmented systems, and limited payment options, all of which slow cash flow and increase operational costs.
Finance leaders are now rethinking their invoicing and payment workflows. The top reasons for switching to modern platforms include lower transaction costs (68%) and better ERP or billing integrations (52%), proving that efficiency and connectivity drive digital transformation. Yet, with only 17% of companies supporting digital wallets, there’s significant untapped potential in payment flexibility.
This is where Electronic Invoice Presentment and Payment (EIPP) software steps in, empowering businesses to present invoices electronically, accept payments across multiple rails, and automatically reconcile transactions back into their ERP. By removing manual bottlenecks, EIPP enables faster payment collection, improved visibility, and stronger control over the entire order-to-cash cycle.
Automating electronic invoicing enables seamless collaboration between buyers and suppliers through self-service portals and transparent payment communication. Modern EIPP software unifies customer portals, payment gateways, and ERP systems to simplify invoice delivery, improve user experience, and support global payment methods like direct debits and digital wallets, helping finance teams operate efficiently while building stronger customer relationships.
| Platform | Best Suited For |
|---|---|
| HighRadius | Large enterprises seeking an AI-powered e-invoicing platform with payment portals, ERP integrations, and global invoicing compliance support. |
| Billtrust | Enterprises needing unified AR management and a centralized customer payment portal. |
| Esker | Global organizations looking for document automation and international e-invoicing compliance. |
| Basware | Multinational corporations requiring large-scale e-invoicing networks and regulatory compliance. |
| Versapay | Companies focused on improving customer collaboration, payment visibility, and dispute resolution. |
| Bill.com | SMBs and mid-sized firms seeking automated invoicing, bill payments, and cash flow management. |
| Blackline | Enterprise O2C teams seeking a compliant, cloud-native EIPP solution for automated invoice presentment, digital payments, and real-time receivables visibility. |
| Emagia | Enterprises aiming for AI-driven invoice and payment automation across AR processes. |
| EDICOM | Organizations prioritizing e-invoicing compliance and secure B2B data exchange via PEPPOL or EDI networks. |
Electronic Invoice Presentment and Payment (EIPP) software enables businesses to send invoices electronically, accept payments online across multiple payment rails, and automatically reconcile those payments in the ERP. By removing paper-based workflows, it accelerates collections, reduces billing errors, and enhances customer experience.
Modern EIPP systems also integrate with customer portals, payment gateways, and compliance frameworks such as PEPPOL and EDI, providing global enterprises with a standardized, compliant way to handle invoicing and payments across geographies.
Choosing the right Electronic Invoice Presentment and Payment (EIPP) software can transform how your business bills, collects, and reconciles payments. Below are 9 leading EIPP software solutions in 2025:
HighRadius offers the most advanced and complete Electronic Invoice Presentment and Payment (EIPP) solution, purpose-built for enterprise finance teams. It’s powered by Agentic AI, which orchestrates a network of autonomous agents across invoice delivery, payment processing, and seamless ERP integration for faster, error-free cash application.
The platform also ensures global e-invoicing compliance with PEPPOL and local mandates, making it ideal for multi-ERP, multinational enterprises.
Features:
Billtrust’s EIPP solution simplifies how businesses deliver invoices and accept payments electronically. With capabilities spanning invoice distribution, online payment acceptance, and automated reconciliation, Billtrust helps AR teams accelerate cash flow while providing customers a modern, self-service payment experience.
Features:
Esker’s EIPP software digitizes invoicing and payment processes using AI and machine learning. The platform offers global invoice compliance, document capture automation, and a user-friendly payment portal. Esker is favored by mid-sized to large enterprises seeking strong document automation and paperless AR management with a focus on customer convenience.
Features:
Basware’s EIPP offering excels in compliance-heavy and multinational environments. The platform provides robust e-invoicing networks, cross-border tax compliance, and automated payment collection. Basware is widely used by European enterprises to ensure regulatory alignment while enhancing invoice visibility and customer payment experiences.
Features:
Versapay delivers a unified EIPP and AR collaboration platform where businesses and customers can interact seamlessly. Its customer payment portal combines invoice presentation, secure online payments, and real-time communication to speed up collections and dispute resolution.
Features:
Bill.com is a cloud-based financial operations platform that supports both electronic invoicing (invoice presentment) and payment/reconciliation workflows, making it a credible name in the EIPP space. While often recognized for payable automation, it also enables AR automation, invoice delivery, online payment acceptance, and reconciliation, thereby offering an “invoice-to-payment” experience for B2B sellers and vendors.
Features:
BlackLine offers a robust e-Invoicing & Payments (EIPP) solution designed for enterprise Order-to-Cash teams seeking compliant invoice presentment and digital payment acceptance. The platform emphasises self-service portals, global compliance, and integration with existing ERPs to modernise receivables.
Features:
Emagia’s EIPP software is part of its Intelligent Receivables solution, built to automate invoicing, payments, and cash reconciliation. It uses AI to manage large transaction volumes efficiently while improving customer experience through a secure self-service portal.
Features:
EDICOM specializes in e-invoicing compliance and electronic data interchange (EDI) for global businesses. Its EIPP module ensures that companies adhere to country-specific mandates while facilitating cross-border invoice presentation and payments. EDICOM is widely used by enterprises operating in regions with strict digital invoicing requirements.
Features:
For growing enterprises, manual invoicing and payment workflows drain productivity, slow cash flow, and make it difficult to maintain customer trust. EIPP software benefits transforms these processes into a seamless, automated cycle, improving control, accuracy, and efficiency across the entire receivables function.
EIPP platforms eliminate invoicing delays by automating invoice delivery and enabling instant online payments through customer portals. By removing manual dependencies, finance teams can shorten billing cycles and improve cash realization, directly reducing DSO.
Automation replaces repetitive manual tasks such as invoice creation, data entry, and reconciliation. This not only reduces processing costs and human errors but also allows finance professionals to focus on analytics and strategic decision-making.
With built-in e-invoicing compliance for regions like the EU, LATAM, and APAC, EIPP systems ensure every invoice meets country-specific mandates. Automated validation and digital audit trails strengthen governance while minimizing disputes and rework.
Centralized dashboards and alerts provide full visibility into invoice statuses, payments, and exceptions. Finance leaders gain instant insights into cash positions and collection performance, allowing faster, data-backed decisions.
The best systems streamline invoice delivery, payment acceptance, and reconciliation while keeping pace with global compliance and customer expectations. Below are the key features that define an effective solution.
Customer Invoice Portal
Self-service portal for viewing, downloading, disputing, and paying invoices; supports embedded documents and payment history for buyer convenience.
Multi-Rail Payment Acceptance
Accept payments via ACH, card (incl. virtual cards), wires, and supported digital wallets; includes tokenization and PCI controls for secure processing.
Smart Payment Links & QR Codes
Embedded smart payment links in email and PDF invoices, and QR codes on printed invoices, to reduce friction and increase on-time payments.
AP Portal Invoice Upload / Channel Delivery
Automated delivery to buyer AP portals (Ariba, Coupa, Tungsten, etc.) via RPA/APIs and tracking of acceptance/rejection.
Buyer E-Adoption & Campaigns
Campaign manager to drive portal adoption (email sequences, reminders, onboarding flows) and measure adoption metrics.
Global E-Invoicing & Compliance
PEPPOL, EDI, and country formatting support plus submission to government portals and acceptance tracking.
Payment Controls & Policy Engine
Buyer-level/invoice-level rules to limit accepted payment types, set thresholds (e.g., card limit $X), enable autopay, scheduled payments, installments, or autopay opt-in.
Modern finance teams expect EIPP tools to handle high invoice volumes, integrate with existing ERPs, and meet growing e-invoicing regulations. Beyond automation, strong analytics, interoperability, and global compliance coverage are becoming essential.
Here’s a step-by-step guide to choosing the best-fit EIPP platform for your organization.
Before comparing solutions, define your goals. Do you want to improve invoice delivery speed, accelerate payments, ensure e-invoicing compliance, or gain better visibility into cash flow? Understanding your operational challenges helps narrow down solutions that directly align with your business priorities.
Look for features that solve your biggest pain points. Must-have capabilities include automated invoice creation and delivery, self-service customer payment portals, real-time payment tracking, and automated reconciliation. Advanced features such as dynamic discounting, surcharge management, or virtual card processing can further enhance cash flow efficiency.
Your EIPP software should integrate effortlessly with existing systems—ERPs, banks, payment gateways, and accounting tools. Strong integration ensures real-time data synchronization, minimizes manual intervention, and creates a single source of truth across finance operations.
For enterprises operating across multiple countries, compliance is non-negotiable. Choose a vendor that supports region-specific e-invoicing mandates, tax formats, and PEPPOL access. Also, verify SOC and ISO certifications to ensure data privacy, transaction security, and audit readiness.
As your business grows, so will your invoicing volumes. Select a platform that scales easily and leverages AI or rule-based automation for invoice delivery, payment reminders, and reconciliation. Scalable automation reduces manual effort and ensures consistent performance across entities and geographies.
Ask vendors for detailed implementation plans, IT involvement, and a full breakdown of costs—including licensing, transaction fees, and ongoing maintenance. A transparent view of total cost of ownership (TCO) helps you measure long-term ROI and business impact.
Electronic invoicing and digital payment management don’t have to be complicated or manual. With the right EIPP software, businesses can deliver invoices more efficiently, offer seamless payment experiences, and maintain transparency across the entire invoice-to-payment journey. The key is choosing a platform that aligns with your operational needs, supports global compliance, integrates easily with your ERP, and provides a smooth experience for both your AR team and your customers.
When done right, EIPP doesn’t just reduce friction—it strengthens buyer-supplier collaboration, improves payment predictability, and frees finance teams from repetitive administrative tasks so they can focus on strategic value.
HighRadius brings all of this together with an AI-powered E-Invoicing Solution that combines global e-invoicing compliance, multi-rail payment acceptance, smart invoice delivery, and deep Order-to-Cash integration. It empowers enterprises to modernize invoicing, enhance customer experience, and turn their invoice-to-cash operations into a real competitive advantage.
1. Why should businesses use electronic invoicing software?
Electronic invoicing software helps businesses deliver invoices faster, track invoice status, and accept payments from customers seamlessly. By digitizing and automating invoicing, it reduces human errors, accelerates cash flow, and ensures compliance with country-specific e-invoicing regulations, all while improving customer payment experience.
2. How can e-invoicing software help reduce operational costs?
By replacing paper-based and manual invoicing with automated workflows, e-invoicing software minimizes administrative overhead. It eliminates costs tied to printing, postage, and data entry, while reducing rework from misapplied or delayed payments, leading to significant savings in processing time and labor costs.
3. Which manual tasks does invoice payment software automate?
Invoice payment software automates time-consuming tasks such as invoice creation, delivery via portals or email, payment collection, remittance capture, and reconciliation in ERP systems. It can also manage automated reminders and dispute routing, enabling finance teams to focus on strategic, high-value activities.
4. What should businesses consider while choosing an EIPP solution?
When selecting an EIPP solution, businesses should evaluate how well it integrates with their ERP, supports multiple remittance and payment channels, meets global compliance standards, and scales with business growth. Pricing flexibility, analytics, and order-to-cash coverage are equally important decision factors.
5. How can businesses implement electronic invoice presentment and payment solutions effectively?
Successful EIPP implementation begins with a structured RFP that maps integration, compliance, and payment requirements. Start with a small pilot group to validate automation performance and user adoption, then scale the rollout while monitoring key metrics such as DSO, match rate, and payment turnaround.
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Forrester acknowledges HighRadius’ significant contribution to the industry, particularly for large enterprises in North America and EMEA, reinforcing its position as the sole vendor that comprehensively meets the complex needs of this segment.
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