Key takeaways
- Reminder tools publish prices from A$99 to A$1,799 a month. Most AI and enterprise vendors, Modern included, quote after a demo.
- The pricing model decides how your bill grows: revenue bands, invoices, seats, agents or a flat fee.
- Ask for a first-year total with setup, payment fees, SMS and extras included.
- Judge the price in days of DSO: on A$75m of revenue, one day holds about A$205,000.
How much does accounts receivable software cost?
Anything from free to a quote-only enterprise contract, and the price tracks how much of the work the software does. Xero includes reminders in its plans that send invoices. Reminder tools with published prices start at A$99 a month (Paidnice) and A$399 a month (Chaser). Tabs lists its entry plan at $2,000 a month.
Above that, most vendors quote on request, Modern included. Treat the table as a floor, not a budget.
How do AR software vendors set their prices?
Most use one of five models, and the model decides how your bill grows. Revenue bands: Chaser, Upflow and Tabs move you up a plan as revenue grows. Per invoice: Paidnice prices on 150 to 4,000 invoices a month. Per user and customer: ezyCollect weighs active debtors and staff seats, and Versapay names invoices, customers and users. Per agent: Stuut says it charges per AI agent. Flat by volume: Monk says it takes no percentage of collections, and Modern prices on volume too.
Debt collection agencies take a share of what they recover instead. On a large book that can cost far more than a subscription, so run it against last year’s collections first.
How much does Chaser cost?
Chaser lists Compact at A$399, Core at A$1,199 and Complete at A$1,799 a month on monthly billing, or 10% less paid yearly (A$359, A$1,079 and A$1,619). Its US dollar prices are $259, $779 and $1,169. Annual revenue sets your plan. Care, its managed service with a dedicated AR specialist, is sold bundled with a plan, from A$1,799 a month with Compact.
How much does Upflow cost?
Upflow’s Discover plan is free and gives you AR dashboards, not collections. Its paid plans are quote only, banded by annual invoiced revenue from up to $10M to over $100M, with a yearly commitment. NetSuite starts on Grow and the Collections Agent on Scale.
How much does ezyCollect cost?
ezyCollect, now part of Sidetrade, doesn’t publish prices. It prices on your active debtors and staff seats, plus ERP setup fees that vary with the install. Annual plans aren’t refunded early. There is a 14-day free trial with no credit card.
Is AR automation software worth the cost?
Measure it in days of DSO. On A$75m of annual revenue, one day of DSO holds about A$205,000 of cash (A$75m divided by 365). Cut DSO by five days and you free about A$1m, once. Add the hours your team gets back, then set both against the yearly fee.
Be strict about where the gain comes from. Reminders speed up first contact. The bigger gains come after it: replies answered, disputes worked, payments matched. If a tool leaves that with your team, don’t count those hours as saved. Modern’s value calculator runs the numbers on your own revenue and DSO.
How do you compare AR software quotes?
Put every quote on the same basis: first-year total, term and renewal, setup fees, payment and SMS charges, user, invoice or revenue caps, and whether your ERP is supported on the plan quoted. Ask what happens when you outgrow a band.
Then ask who does the follow-up, the software or your team. That decides the hours you actually save, and it is where cheap and expensive tools differ most.
What does Modern cost?
Modern starts with a 3-month pilot, then moves to a 12-month agreement, with no setup fee and no cut of what you collect. Book a demo and we’ll quote against your AR aging.
Modern works with any ERP, from Xero and MYOB to NetSuite, QuickBooks and SAP, and any customer AP portal: its agent learns each portal as it navigates. It chases every customer, reads replies, works disputes and matches payments, with your team approving what goes out. In pilots, customers collected over 40% more cash, cut DSO by over 42% on average and saved about 29 hours a month. Where it falls short: if you only need reminders on a small book, Paidnice or Chaser costs less.
