There’s no doubt as to how helpful accounts payable software can be. Helping a company’s AP team to work in the most efficient manner possible, this powerful tool offers advantages that range from saving time, cutting down operational costs, to eliminating error and fraud.
In recent years, we’ve seen the ascent of many firms offering their own AP program — for example, the Nexus accounts payable software. If you’re wondering which one is most suitable for your business needs, we’re rounding up the 10 best AP software of 2018 to help you out!
Tipalti offers an integrated AP and remittance services for a wide range of businesses. The end-to-end cloud-based solution showcases a variety of features, including invoice automation, supplier management, and payment remittance and reconciliation.
Offering a reliable accounting solution to small and large firms across different sectors, FinancialForce Accounting helps streamline the tedious AP workflow through its secured invoice-to-pay processing. It also allows firms to set credit limits.
Nexus Accounts Payable Software
Specifically engineered for businesses in the lucrative real estate industry, the Nexus Accounts Payable Software goes beyond just giving the definitive purchase-to-payment automation solution. It also covers supplier management, helping you maintain a great relationship with your network of vendors and suppliers.
SoftCo AP Automation
Catering midsize to large businesses, SoftCo AP automation is a cloud-based accounting management solution capable of capturing paper and email invoices, and doing two- and three-way invoice matching. It also features automated invoice routing.
If you’re looking for software that provides a comprehensive solution for your all your purchase order, invoice, and payment concerns, AvidXchange is the perfect tool for you. This is composed of three main applications that allow firms to automate AP processes — from managing purchase orders to creating AP reports.
Concur Invoice promises to reduce the workload involved in processing a single invoice by over 80 percent. It gives companies increased insight and control over their AP workflow, providing them a platform where any errors in the processes are easily detected and resolved.
Sage Intacct Accounts Payable
Sage Intacct’s cloud-based accounting software is suitable for both small and midsize businesses. While it aids in automating critical and often error-prone processes, the applications included in their software are capable of giving real-time operational and financial insights.
Experts laud FreeAgent’s ability to provide a secure platform where companies can manage their books, invoicing and payment operations. Apart from offering large data storage, it is also recommended for its connectivity feature. This software can be associated with all of a firm’s business accounts so transactions can be done more efficiently.
Palette is known for giving its users an intuitive experience that makes the daunting AP process a whole lot easier. As a leading company that offers procure-to-pay automation, it aids in the cost-effective management of supplier transactions and cash flow.
Flexi Software was specifically designed to provide a promising financial solution to the banking, healthcare, insurance, and service sectors. Capable of addressing the needs of organizations from the said industries — no matter what their size is — this tool automates the whole AP process, and provides a comprehensive analysis of different financial reports.
Nexus accounts payable software brings a ton of benefits onto the table. If you are a real estate company, you will have a comprehensive solution that can help you avoid a ton of operational headaches.