To ensure flawless and efficient financial processes, businesses have to regulate accounts payable and automation software. Manually controlling vendors, handling invoices, and approving payments could become time-consuming, error-prone, and resource-intensive as businesses grow. Inefficiency frequently results in delayed payments, souring of vendor relations, and altered cash flow.
In this article, I’m going to share 7 best account payable software and apps. Compared features and pricing of all these tools.
What is Account Payable Software And How Does It Help?
Using accounts payable and automation software, businesses can speed processing and improve accuracy while reducing hand-offs in their account payment process. Tracking bills, managing payments, and increasing financial awareness let businesses use automation to make more intelligent decisions.
Automated solutions let businesses save time, minimize running costs, and maintain close vendor relationships while focusing on expansion and productivity.
1. Melio
Designed to help small businesses with more straightforward bill paying, Melio is an online payment platform. The program lets you credit card or bank transfer vendors and suppliers, thereby simplifying your accounts payable.
It will enable you to ensure that suppliers—checks, for example—are paid in their preferred method without having them manage any more documentation. Simple payment planning helps businesses to avoid late fees and maintain constant cash flow.
Melio quickly integrates to popular accounting systems, helping one organize and track payment activities. Since the user-friendly platform saves time, reduces manual errors, and boosts efficiency, small businesses can easily manage payments and cash flow.
Key Features:
- 1099 report generation
- Approval workflows
- OCR for invoice capture
- Syncs with accounting tools
- Pay with credit cards
- Vendor payment flexibility
- Scheduling payments
- Data integration
- Payment tracking
- Simplified bill management
Price:
- Free plan available.
- Paid plans run $18.50 a month plus $8 per user (billed annually).
2. Skuad
Globally payroll and employment platform Skuad enables businesses to pay staff members anywhere. Following international standards and controlling employment policies helps businesses.
By means of their products, businesses can acquire top experts from all around without concern for long-term contracts, hidden expenses, or legal problems. Payroll, background checks, offer letter approvals, and e-signature processes all start to simplify.
Through its user-friendly interface, Skuad ensures a legally legitimate employment procedure, saving organizations time, administrative work, and focus on growth. This platform is ideal for startups, SMEs, and large companies looking to grow their workforce while controlling budgets, procedures, and deadlines.
Key Features:
- Global payroll management
- Background checks
- E-forms and e-signature
- Offer letter approvals
- Compliance management
- Employee onboarding
- Contractor payments
- Tax management
- Secure documentation
- Streamlined HR processes
Price:
- Contractors: Starts at $19/month
- Employees: Starts at $199/month
3. Tipalti
Targeting globally operating businesses, Tipalti is a cloud-based AP automation platform. It lets you essentially oversee cross-border transactions, therefore ensuring adherence to international tax rules. For growing companies, the solution is a wonderful fit since it facilitates supplier onboarding and invoice processing.
The platform allows businesses to run smoothly in a variety of sectors by streamlining important procedures such as supplier onboarding, invoice processing, and multi-currency payments. Tipalti guarantees accuracy when managing tax forms and compliance documentation, reducing the risk of errors, fines, and delays that are common in international financial operations.
Its powerful reporting and real-time analytics provide businesses with a realistic understanding of payment operations, allowing them to maintain financial control and transparency.
Key features:
- Global mass payments
- Tax compliance automation
- Supplier self-service portal
- Multi-currency support
- Invoice scanning
- Approval workflows
- Payment scheduling
- Fraud detection tools
- Reporting and analytics
- Seamless ERP integrations
Price:
The starter plan begins at $99/month.
4. Bill
Originally Bill.com, the reliable accounting automation application is designed for medium-sized businesses and small ones. The program saves businesses time, streamlines financial operations, and automates necessary accounting tasks.
It lets businesses focus on operations while nevertheless enabling fast control of accounting procedures. Bill is a perfect fit for businesses looking to enhance their accounting procedures because of its simple setup, welcoming interface, and extensive training.
Key features:
- Invoice automation
- Approval workflows
- Sync with accounting software
- Bill payment scheduling
- Vendor management
- Expense management
- Payment tracking
- Reporting tools
- Mobile access
- Customizable plans
Price:
- Monthly Business Plan: $79 every user
- Enterprise Plan: Custom pricing
5. Quadient
Quadient focuses on corporate process automation—more especially, accounts payable. Originally known as Neopost, Quadient is designed for companies seeking uniform documentation, tracking, and mailing systems. Automation of tasks helps companies to be more efficient.
Although Quadient mostly focuses on document automation, its solutions can enable large businesses to streamline their accounts payable systems.
Key Features:
- Document management automation
- Shipping and tracking solutions
- Invoice processing
- Multi-channel delivery
- Compliance management
- Customizable workflows
- ERP integrations
- Audit trails
- Data analytics
- Expense reporting
Price:
Pricing will depend on the company’s requirements. Normally, it’s charged $195,000 yearly.
6. Stampli
Innovative AP automation solution Stampli underlines vendor, supplier, and team cooperation. It allows businesses to promote honest communication and ease invoice handling.
With its easy-to-use communications center, the solution helps to dissolve organizational silos. Every user, including suppliers, can promptly comment on invoices and confirm that everyone agrees. Stampli provides a connected experience by gracefully connecting with ERP systems.
Key Features:
- Communication hub
- Invoice tracking
- Approval workflows
- ERP integrations
- Mobile accessibility
- Audit trails
- Automated invoice capture
- Customizable user roles
- Duplicate invoice detection
- Real-time notifications
Price:
Monthly premium plans run $200.
7. Divvy
Divvy, now part of BILL, concentrates in AP automation and cost control. Companies can track expenses in real-time, manage invasions of processing bills, and control spending with the program. It lets businesses create one, all-inclusive system by combining tracking of accounts payable and costs.
Real-time visibility from Divvy enables businesses to track their cash flow and automate labor-intensive financial activities.
Key Features:
- Credit card integration (Divvy card)
- Real-time expense tracking
- Invoice capture and coding
- Approval workflows
- Budget management
- Vendor payments
- Accounting software sync
- Mobile app support
- Fraud protection
- Reporting tools
Price:
The Essentials program runs $45 a month for each user. The Corporate plan costs $79 per person; the Team plan costs $55 per user per month.
8. Airbase
Airbase is an expense management platform that helps businesses with spending management, payment processing, and managing all bill payments.
It’s a product or popular brand Paylocity.
It allows businesses to track and automate invoice processing, corporate card management and spend analytics.
With Airbase, businesses can manage and operate their spending and get better visibility and control over financial expenses.
It integrates with popular accounting software that lets businesses track every transaction. Its spend monitoring feature lets managers track their spending in real-time.
They provide excellent customer support and quickly resolve queries and issues.
Key Features:
- Accounts payable automation
- Expense management
- Corporate cards
- Invoice capturing
- Global payment
- Real-time reporting
- Accounting platform integration
- Mobile app
Price:
You have to request a quote for pricing. You can also schedule a demo.
9. FreshBooks
FreshBooks is cloud-based accounting software that also offers accounts payable solutions too.
It’s an ideal solution for small business owners. FreshBooks lets you set up payment reminders, card payment options, and customizable templates.
With FreshBooks, you can upload paper bills to generate digital records, calculate taxes, customize payment options, and more.
It can be integrated with 100+ apps like Gusto, Zapier, Hubspot, Square, and more.
FreshBooks is bthe est platform for small and mid-size businesses who want to automate accounts payable.
Key Features:
- Accounts payable
- Create invoices
- Expense tracking
- Customize payment options
- Bill payments
- Accounts & taxes
- Client communication
- Time tracking
- Integrations
- Mobile app
Price:
FreshBooks offers 3 paid plans; Lite $4.75 per month, Plus $8.25 per month and Premium $15 per month.
10. Ramp
Ramp is a spend management and accounts automation application. You can use it to control your expenses, and track bills, and accounts automation.
Ramp’s AI automates data entry, builds a smart approval flow, and pays in from one place.
You can capture bill details in just a few seconds and release payment. It integrates with ERP tools like Xero, Oracle Netsuite, Sage, and more.
You can handle local and overseas vendor payments from one dashboard. Support payment options are card, check, wire, and ACH.
It provides a Ramp physical and visual card to simplify expense tracking.
Key Features:
- Corporate cards
- Invoice capturing
- Accounts payable
- Expense management
- Accounting automation
- Vendor management
- Integrations
- Mobile app
Price:
Ramp’s plus plan starts from $15 per user. However, you can try its free plan today.
Conclusion
With accounts Payable and automation software, businesses can accelerate processes, lower processing times, and offer financial information. Automation promotes vendor satisfaction using lower operating expenses and human mistakes assured by on-time payments.
Above, we have listed some of the best software and tools that help you with account payable apps.
Try one that best suits your business requirements. We highly recommend using Melio, the #1 best accounts payable platform.