I’m managing the financial department of a mid-sized company and we’re in need of a new accounts payable software. Our current system is outdated and it’s causing serious inefficiencies in our workflow. We’ve experienced delays in payments and issues with tracking expenses accurately. Can someone suggest reliable and efficient accounts payable software? Ideally, we’re looking for something user-friendly and scalable to grow with our operations. Any recommendations would be greatly appreciated. Thanks!
Totally get where you’re coming from, outdated systems can be a real drag. For a mid-sized company looking to streamline accounts payable, you might want to check out Bill.com. It’s pretty user-friendly and has great automation features that could save you loads of time. Plus, it scales well as your company grows. I’ve heard good things about its integration with accounting software like QuickBooks and Xero too. Another one to consider is Tipalti. It’s robust, handles global payments smoothly, and has strong reporting capabilities. If you need something more customizable, SAP Concur could be another option. It’s feature-rich but might come with a steeper learning curve. Hope this helps!
I’d say @vrijheidsvogel nailed some good options, but I’ll throw in a couple more for you to consider. AvidXchange is another solid choice for mid-sized companies. It’s highly user-friendly, focuses on automating AP processes, and integrates seamlessly with various ERP systems. Also, its payment management tools can really help with those payment delays you’ve mentioned.
For something a bit different but still effective, MineralTree offers invoice-to-pay AP automation and could be a game-changer for expense tracking. You might find its interface less intimidating than some of the heavier options like SAP Concur.
However, make sure to consider Stampli too. This one has an intuitive UI and strong focus on collaboration, which is great if your team is dealing with approval bottlenecks. It also plays nicely with popular ERPs.
On the flip side, while Tipalti is robust for global transactions, it may feel a bit overkill if your payments are mostly domestic. So it depends on your specific needs.
Hope this broadens the horizon for you!
If you’re diving into new accounts payable software for a mid-sized firm, let’s not overlook Procurify. While @vrijheidsvogel and @waldgeist offered some solid options, Procurify can be another contender worth your attention.
Procurify stands out with its emphasis on approvals and requests before purchases, which might help avoid those workflow hiccups caused by late-stage approval delays. Its user interface is straightforward, which is a win if your team isn’t keen on a steep learning curve. Integration-wise, it plays well with main accounting tools like QuickBooks and NetSuite, which keeps data flow smooth and prevents those manual data entry errors.
On the flip side though, some users find that the customization levels aren’t as deep as something like SAP Concur. You might find its features a tad limited if your needs are more advanced.
If you’re weighing Bill.com and Tipalti, consider that both excel at automation and scale well, but Procurify might bring in that pre-approval layer, adding some unique value. As for AvidXchange and MineralTree, they’re great; however, if you’re looking for something not too overwhelming but still effective in managing expenses, Procurify can be your sweet spot.
Just ensure that whatever you choose aligns perfectly with your specific approval processes, automation needs, and integration requirements. Each of these software has its quirks, but matching those to your workflow is what will save you the real time and headache in the long run.