Companies use accounts payable (AP) automation software to manage large volumes of invoices and financial transactions between a company and its suppliers. While most accounting solutions include AP features, many of them do not provide functionality to manage complex AP processes. Companies choose AP automation software to reduce manual work and avoid human errors. AP automation software is used by accountants and by members of the accounting department responsible for accounts payable. It can also be used by managers and executives to monitor AP processing activities. This type of software simplifies complex AP activities and helps accountants manage large volumes of supplier invoices. AP automation improves the efficiency and the accuracy of the AP department and helps with other accounting activities such as financial closing. AP automation solutions can be delivered as standalone products or as a part of accounting suites that also include AR automation, billing and invoicing, and payment processing features. This type of software is integrated with accounting solutions or with accounting modules of ERP systems.
To qualify for inclusion in the AP Automation category, a product must:
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Itemize solutions harnesses AI to transform data in receipts, invoices, and other finance and accounting documents into valuable datasets for financial applications and workflows. Powered by AI, Itemize delivers innovative automation, compliance solutions. Recognized by Gartner as a top provider in the field, Itemize harnesses leading-edge Artificial Intelligence and Machine Learning to drive processing efficiency for a range of leading clients, including credit cards, accounting software, corporates, and expense management providers. Itemize operates a cloud-based processing service that involves both fully and partially automated systems for extraction, validation, and verification. The Itemize platform supports users in over 25 countries and numerous languages. Think beyond faster and cheaper. Unlock the intelligence in your documents.
This description is provided by the seller.
This description is provided by the seller.
Meet The Financial Companion Made For Digital Entrepreneurs. Juni gives businesses in digital commerce the financial tools and intelligence you need to manage and ease cash flow and make smarter decisions – faster.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users love the ability to create multiple virtual cards along with an engaging cash back program.
Users find card issues with Juni, noting inefficiencies compared to competitors like Pleo for virtual cards.
Users note the inefficiency of Juni, particularly when issuing virtual cards to various employees compared to Pleo.
Users feel that the reporting process is inefficient with Juni, making it challenging to provide virtual cards effectively.
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Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users love the ability to create multiple virtual cards along with an engaging cash back program.
Users find card issues with Juni, noting inefficiencies compared to competitors like Pleo for virtual cards.
Users note the inefficiency of Juni, particularly when issuing virtual cards to various employees compared to Pleo.
Users feel that the reporting process is inefficient with Juni, making it challenging to provide virtual cards effectively.
This description is provided by the seller.
Automation is one of the primary growth drivers towards increased profitability, and the demand to automate workflows across accounts payables (AP) has witnessed significant growth - across small to large Enterprises. Usher in zero-touch invoice processing with Kanverse APIA. Ingest, extract, validate, and publish without manual interventions. Reduce cycle time, increase efficiency, reduce invoice processing errors, meet global compliance standards, and save costs.
This description is provided by the seller.
This description is provided by the seller.
Kaunt is Accounts Payable automation of posting, routing and dimension lifting your non-po purchase invoices. Kaunt use 100% real AI why it's work purely on data - going up to 5 years back. Kaunt is not a big IT project but a plugin to your existing finance stack with no manual maintenance, no templates and no rules - only pure AI. Kaunt help your accountant working smarter while you get getter data - faster at a much lower cost = fast ROI.
This description is provided by the seller.
This description is provided by the seller.
Kodo transforms financial operations for fast-growing companies, helping them simplify payments, streamline procurement, and unlock savings. Combining corporate cards, accounts payable automation, and procure-to-pay (P2P) solutions with seamless ERP integration and real-time visibility, Kodo empowers businesses to save more, operate efficiently, and scale smarter.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users commend the fast transaction speed of KODO, appreciating its real-time payment processing and user-friendly interface.
Users appreciate the fast and efficient customer support provided by KODO, enhancing their overall experience.
Users find KODO to be user-friendly, with an easy drag-and-drop interface and quick setup for customer care bots.
Users face admin control issues with KODO, leading to version control problems and wasted time during team collaboration.
Users face authentication issues with KODO, hindering access and creating frustrating obstacles during usage.
Users experience some irritation with bank integration issues when changing their bank accounts linked to KODO.
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Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users commend the fast transaction speed of KODO, appreciating its real-time payment processing and user-friendly interface.
Users appreciate the fast and efficient customer support provided by KODO, enhancing their overall experience.
Users find KODO to be user-friendly, with an easy drag-and-drop interface and quick setup for customer care bots.
Users face admin control issues with KODO, leading to version control problems and wasted time during team collaboration.
Users face authentication issues with KODO, hindering access and creating frustrating obstacles during usage.
Users experience some irritation with bank integration issues when changing their bank accounts linked to KODO.
This description is provided by the seller.
Kognitos is the world's most trusted automation AI platform and the first company to enable generative AI to automate end to end enterprise business processes. Founded in 2020, the company set out to address one of the biggest challenges for today's businesses, automating intricate processes and workflows. Rather than forcing business managers to think like developers, Kognitos enables users to use natural language processing automation (NLPA) and large language models (LLMs) to create and deploy automated workflows using everyday English. Kognitos is bringing seamless automation to millions of business users worldwide. For more information, visit https://www.kognitos.com
This description is provided by the seller.
This description is provided by the seller.
Kredx Cash Management Software is an application software designed to automate cash posting for businesses. The software simplifies the cash posting process by automatically matching cash receipts with outstanding invoices and updating the accounts receivable ledger. With Kredx Cash Management Software, businesses can reduce manual errors, save time, and improve cash flow management. The software supports multiple payment modes such as cash, cheque, bank transfer, and credit card, and can integrate with various accounting systems. The software uses advanced algorithms to recognize and match payment information to the corresponding invoice, reducing the need for manual intervention. The software can also generate reports and analytics to provide insight into cash flow trends and payment patterns. Overall, Kredx Cash Management Software is an efficient and reliable software solution that can streamline the cash posting process and improve cash flow management for businesses.
This description is provided by the seller.
This description is provided by the seller.
LSQ is a market leader and pioneer in working capital finance and payments solutions. For more than 25 years, LSQ has leveraged innovative technology, credit and risk expertise, and proprietary data that empowers thousands of businesses to optimize their working capital, automate and accelerate payments, manage collections, and mitigate risk. Every year, we accelerate billions of dollars in payments to businesses and their suppliers through our LSQ FastTrack platform to help them obtain the funds they need to grow and thrive. LSQ is headquartered in Orlando, Florida. Learn more at www.lsq.com.
This description is provided by the seller.
This description is provided by the seller.
Magic Invoice, a truly innovative invoice processing system with our proprietary CDR Graph Technology enables you to handle these challenges with ease. The Magic Invoice Way: Email2ERP A complete NO TOUCH Solution Magic Invoice helps to streamline and automate the invoice processing journey. Invoices can be ingested directly from emails and accurate data capture powers the straight through invoice processing. The verification and approval process ensures that the invoice data matches with business data points and automatically routes to the right people at different stages of AP - Account Payable. Magic Invoice APIs provide a seamless integration with ERP, CRM and other core systems making it a zero-touch system from email receipt to payment processing. The core AI algorithms help address the complex scenarios like scanned quality issues, multi-page, multi-line table extraction and innumerable variations depending on the industry, business or type of expense.
This description is provided by the seller.
This description is provided by the seller.
Mi Invoices automated invoice processing solution digitises and transforms the intensive AP invoice process. By coupling the capture of invoices in any format, electronic, EDI, email, PDF or paper, with imaging technology and workflow to reduce errors, increase throughput and boost efficiency. This allows organisations to shift their focus to the management of information from the processing of data. Mi Invoices is a SaaS solution providing Oracle Invoice Automation and is a true cloud environment that is multi-tenanted to give a rapid deployment for customers and so maximise the benefit of the solution instantly. Mi Invoices forms a critical part of your AP automation and invoice management to improve procure to pay, P2P, processes, by automating the capture and processing of supplier invoices. See our case studies to see our customer experiences in improving their Accounts Payable teams to enhance their invoice processing https://www.arcivate.com/ap-automation/case-studies Angel Trains https://www.arcivate.com/ap-automation/angel-trains-case-study Domino Printing https://www.arcivate.com/ap-automation/domino-printing-case-study
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users value the automation features of Mi Invoices, appreciating quick invoice creation and seamless cash flow management.
Users appreciate the responsive customer support of Mi Invoices, enhancing their overall experience and satisfaction.
Users love the customizability of Mi Invoices, allowing them to add personal branding for a professional appearance.
Users feel the mobile app's functionality needs improvement to enhance their overall experience with Mi Invoices.
Users note the poor mobile functionality of Mi Invoices, highlighting the need for significant improvements in the app.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users value the automation features of Mi Invoices, appreciating quick invoice creation and seamless cash flow management.
Users appreciate the responsive customer support of Mi Invoices, enhancing their overall experience and satisfaction.
Users love the customizability of Mi Invoices, allowing them to add personal branding for a professional appearance.
Users feel the mobile app's functionality needs improvement to enhance their overall experience with Mi Invoices.
Users note the poor mobile functionality of Mi Invoices, highlighting the need for significant improvements in the app.
This description is provided by the seller.
SMBs still manage their finance on paper, Excel and 5+ external tools, resulting in 5% revenue loss. We want to turn B2B platforms, neobanks, and fintechs into super-apps that solve this problem with automated invoicing, payables, and B2B payments.
This description is provided by the seller.
This description is provided by the seller.
Taking the friction out of payments, delivering speed and automation, Monoova is a leading payment service provider. In addion to traditional account-to-account payments, we specialise in real-time transactions that deliver faster cashflow for your business and a better experience for your customers. Speak to Monoova and find out how you can recieve, manage and pay, from one provider, with one API.
This description is provided by the seller.
This description is provided by the seller.
MyiQ.Ai is a Invoice Process Automation Solution that enables CFOs, Finance & AP Teams to streamline your invoice management. ERP integration. Straightforward Setup. 11x Productivity. 1000 invoices/min. Guaranteed 60% Savings or Get Paid the difference.
This description is provided by the seller.
This description is provided by the seller.
MyndAPX is a revolutionary vendor management & automated invoice processing software built to handle heavy volumes providing touchless invoice processing to the customers. It's AI & ML, Intelligent OCR, and IDP modules to 2-way & 3-way matching of invoices without seeking manual intervention. Only in the case of expections, manual intervention is required. Revolutionize your AP with MyndAPX - the AI-powered platform that eliminates manual effort while maximizing accuracy and control. Our intelligent solution transforms the entire AP lifecycle from tedious burden to strategic advantage, seamlessly integrating with your existing ERP systems while providing unprecedented visibility. The platform's AI engine extracts data from any invoice without templates, while our comprehensive vendor portal empowers suppliers with self-service capabilities that dramatically reduce queries. Vendors can manage everything from onboarding and PO acceptance to invoice submission and payment tracking in a single digital hub. _Integrations_ • SAP (ECC and S/4HANA) • Oracle EBS • Microsoft Dynamics • Tally • Custom ERP systems through API integration • Banking systems for payment processing • Government portals for compliance verification (GST, PAN, etc.) • Material management systems • Inventory management systems • Project management systems • Timesheet systems • Hospital management systems • Core banking/insurance systems Features:- • Game-Changing Intelligent Document Processing: Our AI doesn't just read documents - it understands them, extracting data with remarkable accuracy from any format without templates or manual intervention. • Revolutionary Vendor Portal: Transform supplier relationships with our digital collaboration hub where vendors manage everything from onboarding to payment tracking, dramatically reducing queries and improving satisfaction. • Infinitely Flexible Workflow Engine: Configure complex approval paths without coding to match your exact organizational structure and business rules while maintaining bulletproof compliance. • AI-Powered Validation Rules: Eliminate exceptions with intelligent validation that simultaneously checks invoices against multiple parameters, dramatically increasing straight-through processing rates. • Actionable Analytics Dashboard: Turn AP data into strategic insights with customizable real-time dashboards that enable proactive decision-making and continuous process optimization. • Streamlined Purchase Management: Digitize requisitions with customizable templates, multi-level approval workflows, and automated PO generation for error-free procurement. • Precision Invoice Matching: Automate two-way or three-way matching with configurable rules that catch discrepancies while allowing legitimate variations within your defined tolerance levels. • Optimized Payment Processing: Maximize working capital with automated scheduling, early payment discount tracking, and seamless ERP integration for payment execution. • Global Multi-Currency Support: Effortlessly handle transactions across 40+ countries with automatic currency conversions and appropriate tax rule application. • Bulletproof Audit Trail: Maintain detailed, tamper-proof records of all actions for ironclad compliance and audit readiness. _Support Options_ • 24/7 technical support • Regular system updates • User training • Dedicated account management for ongoing optimization • Implementation support (8-week standard implementation timeline) • Configuration assistance • Integration support • Custom report creation _Security_ • 128-bit SSL encryption for data transmission • SSAE 16 compliance for data center operations • Data encryption in transit and at rest • Multi-factor authentication • Role-based access control • IP whitelisting • Regular security audits • Automated threat detection • Real-time monitoring Security Certifications: • ISO 27001:2013 • SOC 1 Type II • SOC 2 Type II • PCI DSS Compliant • GDPR Compliant
This description is provided by the seller.
This description is provided by the seller.
Nanonets is the world's most sophisticated end-to-end AP automation platform. We remove hours of wasted time spent on manual tasks like data entry, spend approvals and accounting reconciliation. We power payments globally with support for 45+ currencies and integrations with leading merchants and banks. Nanonets integrates with a variety of accounting and ERP tools, including but not limited to QuickBooks, Sage, Xero and NetSuite. It also provides the infrastructure to scale your AP process on the cloud, with built-in systems for org-wide document access, approval integrations and user access management.
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