Accounts Payable Invoice Automation Solutions (Transitioning to Accounts Payable Applications) Reviews and Ratings

What are Accounts Payable Invoice Automation Solutions?

Accounts payable invoice automation (APIA) tools automate the capture, validation and processing of invoices. These solutions attempt to automatically match invoices to purchase orders (POs) and contracts, or automatically code those invoices that would not have a PO. Payment management, ranging from OK to pay to complete invoice payment, is also included. The expanded scope of APIA includes advanced capabilities, such as automated multiway matching, fraud detection and cash management.

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Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Basware's AP automation and invoicing platform helps companies achieve a new level of efficiency – in a matter of months – while reducing errors and risks. That’s why AP departments at 700+ global customers rely on Basware to handle over 170 million invoices per year.

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Celonis is a global enterprise software company. Its Process Intelligence Platform uses process mining and AI technology and augments it with business context to give customers a living digital twin of their business operation. It is system-agnostic and without bias, and provides everyone with a common language for understanding and improving businesses.

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Vroozi's SpendTech® platform is the intelligent spend management and AP automation solution revolutionizing the procure-to-pay process by making business purchasing and payments easy, efficient and effective.

By centralizing procurement and accounts payable in one easy-to-use digital platform that integrates seamlessly with existing tech stacks, businesses eliminate rogue spending, reduce manual errors, increase contract spend, maximize supplier discounts, and realize significant cost savings immediately. Vroozi’s AI and ML capabilities intelligently orchestrate business processes resulting in transformation that maximizes efficiency, reduces transaction costs, and improves business margins.

Vroozi is designed for companies who want to manage all of their spend, drive end-user adoption with their employees, connect digitally with their suppliers, and maintain spend visibility in one platform, accessible from any device, anywhere, at any time.

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Coupa Software is a cloud-based platform focusing on business spend management (BSM). The primary objective of Coupa Software is to provide companies with the necessary tools and features needed to gain visibility and control over their business expenditures, enabling them to make more effective and secure spending decisions. The company has a global outreach and serves an extensive range of businesses worldwide.

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Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Nanonets helps businesses automate document-heavy business processes like accounts payable, order processing, and insurance underwriting.

Leveraging advanced Optical Character Recognition (OCR) and deep learning models, Nanonets processes unstructured documents such as invoices, receipts, POs, bank statements, bills of lading, contracts, insurance claims, and healthcare forms and converts them into structured output that can be fed into downstream systems.

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BILL is a financial operations platform primarily designed for small and midsize enterprises (SMEs). The main aim is to automate finance operations to support businesses in becoming more successful. The integrated platform is designed to enhance efficiency in handling payables, receivables, and spend and expense management. The proprietary network of BILL serves a large user base assisting them in quicker transitions. The company's headquarters are located in San Jose, California and it has affiliations with prestigious financial institutions, accounting firms, and accounting software providers in the U.S.

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SAP is a company that aims to improve operational efficiency worldwide. The primary focus is on helping customers optimize their business operations. SAP develops innovative solutions to support this objective. The company plays a crucial role in transforming industries by fostering opportunity and equality on a global scale. By collaborating with customers and partners, SAP is capable of making substantial changes across various industries, supporting the growth and development of economies and societies.

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OpenText powers and protects information to elevate every person and every organization to gain the information advantage. As a global Information Management company, OpenText offers a portfolio of solutions across content, business network, digital experience, security, application modernization, operations management and developer APIs. OpenText solutions help customers simplify their systems, connect their data, build frictionless automation and thrive in a multi-cloud world. The company fosters inclusive environments that leverage the diverse backgrounds and perspectives of all employees, customers, suppliers and partners.

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Paylocity is a company that offers a suite of products, primarily focusing on human resources and payroll solutions. The objective of the company is to facilitate the everyday tasks of its users so they can focus more on fostering a conducive work environment. Not just a product provider, the company regards itself as a partner to its users, investing time to understand their needs and delivering solutions that serve their present as well as future business goals. The ultimate goal of Paylocity is to work side by side with its users, assisting them in focusing more on their future objectives.

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SutiSoft develops integrated business management solutions, with a prime focus on creating applications with advanced features. The applications are adaptable and customizable, making them an efficient tool to cater to specific business requirements, alleviating the burden of software management. The company presents a broad spectrum of solutions. These applications can be deployed on-premise, on-demand, or in the form of packaged integration platforms, serving end-to-end business management needs. SutiSoft exists in India, USA, Japan, and Germany, and provides an array of solutions such as HR Management, Travel and Expense Management, eSignature Solution, Procurement Management, Document Management System, CRM, Invoice Management, Online Survey, Online Help Desk Management, Mobile Device Management(MDM), and Finger print Authentication.

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xSuite Group is a software manufacturer specializing in intelligent applications automating document-based business processes. xSuite serves organizations across the globe with expertise in workflows for accounts payable in SAP and provides all services and software components from a single source. More than 300,000 users at mid-sized to large enterprises and public institutions use xSuite's software to process over 80 million documents each year.

xSuite solutions optimize processes in the cloud, on premises, and in hybrid settings. They cover the whole purchase-to-pay workflow from purchase orders to the receipt and processing of order confirmations and invoices. For digital integration of suppliers, a business partner portal is offered. The entire digital workflow is based on xSuite technology and contains the components necessary for document capture, e-invoicing, workflow, and audit-proof archiving, with all the advantages of targeted AI functions for optimal usability.

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AvidXchange is a firm specializing in the provision of accounts payable automation software and payment resolutions. Primarily, it caters to the needs of middle-market businesses along with their suppliers. The organization lays significant emphasis on inventiveness which is reflected in the services it affords. The firm maintains an innate culture of entrepreneurship, spurring innovation. Its overall objective involves growth, networking, and making a lasting contribution to the industry it serves.

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Serrala is a global company specializing in financial automation and B2B payments software. It aims to develop secure payment capabilities across the world, catering to enterprises of varied sizes. The company stands out in the fintech industry by integrating finance and treasury into a unifying ecosystem for corporate payments. With a strong growth trajectory, Serrala serves a wide range of customers worldwide and is powered by a workforce of over 700 employees.

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SoftCo focuses on providing automation solutions in digital procurement processes. Its P2P software concentrates on eProcurement, Accounts Payable, Vendor Management, Payments, and Compliance. SoftCo's software utilizes AutoML Machine Learning technology, applied consistently across all its solutions. The key business problems addressed by SoftCo include achieving 90% straight-through processing for PO invoices, speeding up processing of Non-PO invoices by 89%, and ensuring 100% visibility over all expenditures. In addition to being utilized widely across North America and Europe, SoftCo's software is tailored to equally benefit varied organizations and businesses.

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Tipalti is a provider of a global payables automation solution that focuses on reducing the administrative burden for the accounts payable departments. In a single cloud platform, it encompasses all stages of the Accounts Payable (AP) management and payment process. Tipalti covers aspects such as supplier onboarding, vetting, compliance with tax regulations, invoice processing, global supplier payments in various methods and currencies, supplier payment status communications, payment reconciliation and reporting. Its innovative approach allows companies to reduce their supplier payment workload by up to 80%, facilitating their global expansion efficiently. The solution aids in strengthening financial and compliance controls and enhancing the overall payment experience for the suppliers. Notably, over 1500 companies use Tipalti's solutions for their global supplier payments operations.

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DocuWare is a global provider of document management and workflow automation solutions, with more than 35 years of experience in the industry. Serving over 17,000 customers in 100+ countries, the company focuses on simplifying document-related processes and enhancing business productivity. DocuWare caters to businesses of all sizes and helps them by offering digital solutions that streamline manual processes and ensure the organization of files in a secure, easily accessible system.

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Yooz is a cloud-based company specialising in E-invoicing and Purchase-to-Pay (P2P) automation solutions. Designed using Artificial Intelligence and Robotic Process Automation technologies, Yooz primarily focus on providing automation while ensuring simplicity, traceability and customizable features. This unique solution harmonizes E-invoicing and Accounts Payable Automation with information systems or ERPs through more than 250 native connectors. Yooz caters to a vast range of customers and users worldwide. The North American office of Yooz is placed in the Dallas, Texas metropolitan area, along with global offices in Europe.

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Circulus is a company that focuses on optimizing, augmenting, and automating Accounts Payable (AP) processes through the use of cloud-based solutions. The company serves organizations of all sizes and complexities through its end-to-end AP solution. Circulus' main aim is to transform standard AP procedures into strategic, web-based operations with the help of technological innovations. Additionally, Circulus leverages technology and human intellect for creating advanced automation engines as part of its tech-enabled process outsourcing. Furthermore, the company provides flexible and scalable offshoring solutions, operated under its Build-Operate-Transfer (BOT) model, backed by infrastructure, talent resources, and technical capabilities.

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DocuPhase specializes in business process and accounting automation, document management, data capture, and payments technologies. In March 2023, the company expanded its business operations by acquiring iPayables, an enterprise solution enterprise focused on accounts payables (AP) automation and supplier management solutions. This strategic acquisition aims to broaden DocuPhase's offerings and deliver enhanced integrated systems that address business complexities.

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Microsoft enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. Microsoft is dedicated to advancing human and organizational achievement.

Microsoft Security helps protect people and data against cyberthreats to give peace of mind.

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