Overview

Now part of Flywire following its 2024 acquisition, Invoiced brings core accounts-receivable work into one platform. Teams can adopt individual features or combine workflows, which allows a business to focus on its needs rather than take on every function. That flexibility matters in operations spanning multiple entities or payment markets, though the platform’s fit depends on how well its configuration matches a team’s processes.

Alongside automation, Invoiced supports invoice tracking, overdue-balance reporting, payment reminders, recurring invoices, and a customer payment portal. The maker reports an average 14-day improvement in days sales outstanding and 45% fewer inbound billing inquiries for teams using the portal; those results point to the potential value of customer self-service, rather than a guaranteed outcome for every implementation.

Key features

Automation and AI

Invoiced automates invoicing, collections, payment posting, cash application, reporting, and forecasting. Its AI agents adapt collections outreach to payment patterns, assist with matching payments and processing remittance advice, flag accounts at risk, and optimize dunning cadence. This mix targets repetitive work across a sizeable receivables operation; a business with straightforward billing may not need that breadth.

Payments and customer self-service

Embedded payments support ACH, SEPA, Bacs, direct debit, credit cards, and virtual cards. The maker says the platform supports more than 1,200 local payment options across 140-plus currencies and over 240 countries and territories. That reach can help teams serving customers across markets. In the portal, customers can view invoices, track payments, pay in local currencies, set up AutoPay, and download receipts and statements, reducing routine payment and invoice queries.

Reporting, integrations, and security

Real-time invoice-to-cash reporting includes cash-collection forecasting, multi-entity reporting, and prebuilt and custom report options. Native integrations cover NetSuite, Sage Intacct, Microsoft Dynamics, QuickBooks, Xero, and Workday; Integration Studio connects through an API to more than 1,000 apps. Its OAuth authentication, encrypted connections, and audit logging are relevant safeguards for connected systems.

Invoiced documents an API with sandbox access for user and development testing. The maker states that it holds PCI DSS Level 1 certification, along with SOC 2 and GDPR certifications, and uses AES-256 encryption at rest and TLS 1.3 in transit. The web app is responsive on desktops, tablets, and smartphones; browser access requires JavaScript, cookies, local storage, and TLS 1.2 or above.

Pricing

Invoiced uses custom pricing based on customer requirements and platform use. Prospective customers can schedule a live 25-minute demo with a product expert to discuss workflows, integrations, and payment needs and request a quote. That approach allows the conversation to account for a tailored configuration, but makes it harder to compare costs upfront or budget without first engaging the sales team.

There are no published plan prices or seat and usage limits to compare. Teams should establish the cost and scope of the workflows they need during the quote process. This model is most natural for upper-mid-market and enterprise buyers evaluating a broader receivables operation, not small businesses looking for a posted monthly rate and a quick self-serve start.

Platforms

Invoiced is available on the web and through an API. The API’s sandbox supports development and user testing, while the responsive web app covers common mobile and desktop browsers. It is a fit for teams building around an existing finance stack, rather than buyers who specifically need a native desktop or mobile app.

Who it's for

Invoiced is aimed at B2B finance teams in mid-sized and larger businesses that need to coordinate receivables across workflows, entities, or international payment markets. Its configurable modules, reporting, integrations, and automation make it a stronger candidate for complex operations than for a small business seeking only invoice creation and basic payment collection.

Pros and cons

Pros: Broad automation covers the invoice-to-cash cycle, reducing the need to handle collections, cash application, and reporting as disconnected tasks.
Pros: Global payment options and customer self-service can support customers across markets and help reduce routine billing inquiries.
Pros: Native finance-system integrations, API access, and Integration Studio give teams several ways to fit the platform into an existing stack.
Cons: Custom pricing requires a sales conversation, so buyers cannot readily compare a published rate or assess cost before sharing requirements.
Cons: The upper-mid-market and enterprise orientation may make the platform more than smaller teams need for straightforward billing.

Alternatives

For a free invoicing option with a low-friction entry point, Invoice Ninja offers a Forever Free plan with five clients, unlimited invoicing, and 11 templates; its listed platforms include mobile, desktop, web, API, and self-hosted options. Choose it when those free-plan limits and broader platform coverage matter more than Invoiced’s receivables automation focus.

InvoiceShelf is a free, open-source, self-hosted option with unlimited invoices and customers and no seats or subscription. It suits teams that want to host their own invoicing software rather than buy a custom-priced managed platform.

BILL Accounts Payable offers a trial and an Essentials plan at 49.00 USD per month, combining Accounts Payable and Accounts Receivable with bill entry and centralization. It is worth considering when that published monthly plan and combined AP/AR scope are a closer match.

Billtrust is another paid API and web accounts-receivable platform with consultation-based pricing; consider it as a competing option for an evaluation.

HighRadius offers a paid SaaS subscription with annual and pay-as-you-go pricing strategies; consider it when comparing subscription approaches for receivables software.

Versapay prices its accounts-receivable automation according to invoice volume, customer count, users, integrations, and capabilities, with a tailored quote. It is a relevant alternative when those factors are central to how a team wants its quote shaped.

ezyCollect offers a trial and monthly plans with debtor, user, and workflow limits. It may suit a team looking for a priced monthly option with defined operating caps.

Kolleno offers a trial and a Business Pay plan at 650.00 USD per month per user, with requirements including turnover above $1 million, at least one user and ERP account, more than 100 invoices, and one business entity and region. Consider it when that user-priced structure and stated minimum profile align with the operation.

Verdict

Invoiced is a strong candidate for mid-sized and enterprise B2B finance teams that want configurable automation across collections, payments, cash application, and reporting, particularly when global payment coverage and customer self-service matter. Its broad workflow and integration support are the main reasons to choose it; teams that need a simple billing tool, a free option, or a predictable published price should look elsewhere.

	Invoiced	Mirakl Payout
Free plan	No	No
Free trial	No	No
Paid from	—	—
Open source	No	No
Platforms	api, Web	api, Web
Automatic matching	—	Yes
Payment processors	—	Mangopay; existing payment service providers
Multi-currency support	—	Yes
API access	—	Yes

Invoiced vs Mirakl Payout

Invoiced

Mirakl Payout