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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From easy invoice submissions to faster digital approvals, PathQuest AP ensures better control over expenses and eliminates any late, duplicate, and fraudulent payments. It features an automated approval process for both posting and payment, eliminating the need for paper approvals. Additionally, it provides insights into payment patterns and exceptions for better decision-making. Experience end-to-end automation of your accounts payable process with PathQuest AP. Our solution provides smart, intuitive, and swift invoice management and approval workflows, eliminating paper approvals, email escalations, and late payments. You can also automate key field data extraction and invoice matching to save time and prevent duplications and fraudulent entries. Future-proof your accounts payable operations with PathQuest AP!
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This description is provided by the seller.
For over 33 years, Fintech's PaymentSource has streamlined accounts payable automation for the alcohol industry. Take control of your business with 15 months of invoice history, detailed reports on cost variances, top products, and split case fees. Effortlessly reconcile distributor credits through our user-friendly portal. Minimize the risks of errors, fraud, and compliance issues while strengthening distributor relationships and enhancing operational efficiency. Starting in 2024, PaymentSource now includes a Premium level, which automates accounts payable for all invoices related to goods, services, and supplies, giving clients full visibility and control over their AP operation. Simplify all vendor integrations, effortlessly capture invoice data, eliminate duplicate payments and missing invoices across your vendor network, optimize your cash flow, and make invoice payments through a single portal.
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This description is provided by the seller.
Pearl helps organizations gain complete control of their accounts payable operations and help positively impact productivity and cost efficiency.
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This description is provided by the seller.
PlusAdvance is a cloud-based platform for working capital optimization. It allows companies to manage and improve both accounts payables and accounts receivables through a single solution. The software combines different programs such as supply chain finance, dynamic discounting, and card-based payments, providing real-time visibility of cash flow and flexible integration with ERP systems and banks. This modular approach helps organizations optimize liquidity, reduce financing costs, and strengthen supplier and customer relationships.
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This description is provided by the seller.
Pn3 Solutions allows you to link into financial systems and enable clients to rapidly implement and deploy electronic purchase and payment authorization workflows.
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This description is provided by the seller.
Proactis provides solutions for your end-to-end Source-to-Pay processes, from sourcing, to ordering, to invoice processing, all the way through to payment. We provide support for your tactical and strategic purchasing, as well as your operational processes. Our solutions fully integrate the procurement and invoice management processes, and this is where the strengths of our solutions lie.
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This description is provided by the seller.
Proceedo is a leading procure to pay platform for large enterprises in the Nordics. By automating and streamlining procurement and invoice management, Proceedo helps transaction-intensive organizations cut manual work by up to 85% - freeing their teams to focus on driving greater value for the business and strengthening its competitive edge through smarter procurement. Proceedo integrates seamlessly with leading ERP systems and scales effortlessly across multi-organization and multi-country setups.
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This description is provided by the seller.
QUALCO ProximaPlus is an end-to-end modular solution that simplifies the management of receivables and payables. This innovative solution reduces the time and cost associated with implementing new Supply Chain Finance (SCF) & factoring products, providing predictive analytics and an integrated workflow engine for improved risk management. Additionally, the intuitive web interface allows external users to securely access critical data 24/7. Financial organisations can use this solution to streamline their processes, help buyers accelerate their working capital and quickly implement new products to the market. The real-time interaction with all involved parties and the front-end customisation to meet client needs also boost customer engagement. With QUALCO ProximaPlus, all the involved parties have full visibility and control over Supply Chain Finance or Financing operations, minimising any risk that might occur.
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Raptech's Purchase to Pay streamlines the entire procurement cycle-from purchase requests and approvals to goods receipt and invoice processing-ensuring control, compliance, and real-time visibility across purchasing and accounts payable.
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This description is provided by the seller.
We help you reconcile Wallet| Recko enables AI-powered reconciliation of digital transactions & keeps track of the complete transaction lifecycle for organizations.
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Simplement is a Microsoft Gold partner who specializes in helping SAP customers improve their reporting capabilities through Azure, SQL Server and Power BI. Its core solutions make SAP data easy to use and easy to secure in a variety of front-end business intelligence applications.
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Routable helps companies speed up their business payments using a secure invoice and bill payment platform.
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This description is provided by the seller.
Save thousands of hours invested in invoice processing every month by adopting the completely touchless process of AP Invoices to the various permutations of possible entries into the ERP. Serina is designed to disrupt the way enterprises operate their accounts payable process. It is a one-stop-solution for processing your invoices right from vendor Invoice capture to ERPs by automating the entire approval workflow. Serina is backed by state-of-the-art artificial intelligence technologies to help enterprises save redundant human resource bandwidth and millions of dollars.
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Seven Hills AI brings a powerful Accounts Receivable Management solution designed to simplify your invoicing processes and enhance collaboration with your customers. Our secure platform ensures that your financial operations are efficient, accurate, and compliant.
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SimpliCapital is a subscription SaaS product with an intuitive user interface and an embedded AI engine that accelerates invoice collections & recommends optimal supplier payments with an underlying digital payment platform to maximize cash flow efficiency.
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