From quick processing to greater data accuracy, the benefits of accounts payable (AP) automation are clear. One AP tool making a name in the Software as a Service (SaaS) industry is Tipalti—a software trusted by startups, finance teams, and enterprises.
If you're exploring alternatives to Tipalti to better fit your business needs, you've come to the right place. Below are the top 15 Tipalti alternatives worth considering. Keep reading for insights on choosing the ideal AP tool for your business.
What is Tipalti? Tipalti is a cloud-based accounting software designed to automate supplier payment operations. Its features include:
Streamlined invoice processing and purchase order management Tax and regulatory compliance Supplier onboarding and vetting Real-time payment reconciliation Tipalti supports payments in over 190 countries and various methods (wire transfer, ACH, PayPal, etc.).
Top 15 Tipalti Alternatives
- Payvy AP Automation Website: payvy.com
Payvy automates AP processes, including invoice processing and reimbursements. Features include:
Automated data entry and document storage Omnichannel inbox for bill receipt Standout Feature: Unified inbox for business documents (bills, letters, checks, etc.).
- Balance B2B Checkout Website: getbalance.com
Balance facilitates B2B transactions, offering flexible payment options for merchants.
Standout Feature: Intuitive B2B checkout allowing flexible payment terms.
- NetSuite’s Cloud Accounting Software Website: netsuite.com
NetSuite offers AP automation with robust financial reporting and compliance capabilities.
Standout Feature: International account management and consolidation.
- Transcepta Website: transcepta.com
An AI-based AP automation platform with supply chain visibility and reduced AP costs.
Standout Feature: Easily shareable reports and dashboards.
- MineralTree’s TotalAP Website: mineraltree.com/solutions/total-ap
Ideal for mid-market businesses, this tool automates the entire invoice-to-pay process.
Standout Feature: OCR technology ensuring 99.5% accuracy in invoices.
- OnPay Solutions Website: onpaysolutions.com
Enhances AP productivity through bank-level secure automated payment processing.
Standout Feature: Secure cloud-based payment solutions.
- Payoneer Payment Platform Website: payoneer.com
Allows businesses to send and receive international payments without a merchant account.
Standout Feature: Smooth cross-border payment transactions.
- Fund EZ Website: fundez.com
Nonprofit-focused accounting software for budget tracking across projects and departments.
Standout Feature: User-friendly interface designed for nonprofit accounting.
- Bizautomation Cloud ERP Website: bizautomation.com
A cloud-based ERP for small to medium-sized businesses, featuring CRM and inventory control.
Standout Feature: Excellent expense and bill management.
- Stampli Website: stampli.com
Brings AP documentation, communications, and payments into one system for better spending control.
Standout Feature: Robust AP invoice management system.
- Simplain Vendor Portal Website: simplain.com
Automates data exchange and collaboration for grocery retailers and wholesalers.
Standout Feature: Highly customizable item management.
- FMIS Fixed Asset Management Website: fmis.co.uk
Asset management for various industries, offering asset tracking and depreciation forecasting.
Standout Feature: Comprehensive asset tracking solution.
- Rydoo Website: rydoo.com
Expense management solution with AI-driven receipt processing and compliance features.
Standout Feature: Built-in compliance for international travel and expenses.
- BUSY Accounting Software Website: busy.in
Comprehensive business accounting software with multi-tax and multi-location inventory support.
Standout Feature: GST-compliant invoicing capabilities.
- Worksuite Website: worksuite.com
Freelance management platform for sourcing, managing, and paying external workforce.
Standout Feature: Flexible Enterprise Freelance Management System.
How to Choose the Right Accounts Payable Automation Software Define Your Accounts Payable Ecosystem Understand your invoice processing needs to define the features required for your business.
Map Your Accounts Payable Invoice Process Outline each step of your AP process to identify areas for automation and improvement.
Identify Your Software Requirements Determine how the software will integrate and enhance your workflow efficiency.
Run a Net Savings Analysis Consider the cost savings of each tool to ensure a worthwhile investment.
Conclusion Deciding to automate your AP process is a smart move that saves time and money. These solutions can transform workflows previously handled manually. Ready to start? Check out Payvy to elevate your business’s AP automation.