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Invoice Management reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.

Best Invoice Management Software for Medium-Sized Businesses

    Products classified in the overall Invoice Management category are similar in many regards and help companies of all sizes solve their business problems. However, medium-sized business features, pricing, setup, and installation differ from businesses of other sizes, which is why we match buyers to the right Medium-Sized Business Invoice Management to fit their needs. Compare product ratings based on reviews from enterprise users or connect with one of G2's buying advisors to find the right solutions within the Medium-Sized Business Invoice Management category.

    In addition to qualifying for inclusion in the Invoice Management Software category, to qualify for inclusion in the Medium-Sized Business Invoice Management Software category, a product must have at least 10 reviews left by a reviewer from a medium-sized business.

    Top 10 Invoice Management Software for Medium-Sized Businesses

    • SAP Concur
    • Stampli
    • Bill.com
    • Spendesk
    • Replicon
    • Webexpenses
    • Beanworks AP Automation
    • Plate IQ
    • AvidXchange
    • Airbase

    Compare Medium-Sized Business Invoice Management Software

    G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.
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    (5,328)4.0 out of 5
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    SAP Concur is the world’s leading provider of integrated travel, expense, and invoice management solutions, driven by a relentless pursuit to simplify and automate these everyday processes. With SAP Concur, a top-rated app guides employees through every trip, charges are effortlessly populated into expense reports, and invoice approvals are automated. By integrating near real-time data and using AI to audit 100% of transactions, businesses can see exactly what they’re spending without worrying a

    (108)4.8 out of 5
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    Stampli is The Most Powerful Way to Process & Pay Invoices. Stampli is a G2 leader in AP Automation for the past 5 consecutive quarters. Stampli makes it effortless to automate AP. By centering communications on top of the invoice, issues are quickly resolved and approvals happen 5x faster. Stampli easily integrates with your accounting system or ERP. And now, you can also pay your way with easy-to-reconcile ACH transactions or painless paper checks, right from Stampli. KEY BENEFITS 1

    (264)4.4 out of 5
    Entry Level Price:$39 user/month

    Bill.com delivers financial process efficiency to small businesses and mid-sized companies through streamlined accounts payable and accounts receivable management. It reduces data entry and human error by leveraging artificial intelligence (AI) and machine learning. Bill.com gets more intelligent as you use it, learning your processes and preferences to give you greater control over every aspect of bill management. The modern user interface is designed to deliver greater efficiency, so you can

    (146)4.7 out of 5
    Optimized for quick response
    Entry Level Price:€95 Starting at

    Spendesk is the all-in-one spend management solution that delivers more control, visibility, and automation to today's finance teams. Combine spend approvals, virtual cards, physical cards, expense reimbursements, and invoice management into one source of truth. Employees easily pay for what they need while finance keeps ultimate control. Trusted by over 1,500 companies, Spendesk is helping businesses everywhere spend smarter.

    (474)4.2 out of 5

    Replicon provides end-to-end Time Management software and services to enterprises of all sizes. Capture, analyze, and optimize time, your organizations most critical asset, to improve profitability, productivity and employee satisfaction. Salaried & hourly workers alike love using Replicon because it is simple and easy to enter their time, attendance, vacation, and expense information--via web browser or mobile app. Hiring managers use Replicon to optimize the types of workers to hire, wha

    (433)4.5 out of 5

    Webexpenses is a leading global provider of cloud-based travel and spend management software to businesses of all sizes across more than 70 countries. Webexpenses solutions automate manual processes, increase spend visibility, reduce errors, and are proven to save businesses time and money. Our award-winning expense management solution is at the heart of our suite and is proven to reduce T&E spend by up to 30%. Users benefit from our expenses app which builds claims instantly from a scanne

    (80)4.6 out of 5
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    Beanworks AP Automation gives accounting teams, from CFOs to AP professionals, the ability to work together from anywhere. With Beanworks, you can reduce manual processes like data entry and approval follow-ups, and cut invoice processing costs by 86%. Strengthen AP controls with approval workflows for POs, invoices, expenses, and payments that automatically route requests to the right staff members at the right time. With greater control and better visibility across AP, you can reduce risks and

    (30)4.8 out of 5

    Plate IQ puts your clients' needs first with an AP automation platform that supports their custom workflow needs and provides critical business insights Benefits: • Pay Invoices Online Plate IQ empowers you to schedule and pay your invoices effortlessly via ACH, check and virtual cards, right from the Plate IQ platform • Truly Scalable Approval Policies For Your Clients With unlimited seats, you can add as many approvers as you need to your client's approval workflows. Create as many custom

    (97)4.3 out of 5

    AvidXchange's complete solution is comprised of three main applications: purchase order application, invoice application, and payment application. These applications are supported by several service teams to enable our users to have a very supported software experience. Purchase Order Application AvidXchange’s Purchase Order Application enables you to automate your company’s purchase order process and control costs by preventing unwanted purchases. You begin your AP process by entering a req

    (41)5.0 out of 5
    Entry Level Price:Free

    Airbase is the first all-in-one spend management platform that provides companies control and visibility into every dollar spent. The Airbase platform handles expense requests, approvals, bill payments (physical cards, virtual cards, ACH, check), and automates coding and posting to the general ledger. Learn more about why innovative companies like Gusto, Segment, Doximity, Getaround, Netlify, and more trust Airbase at www.airbase.com

    (42)4.4 out of 5

    Chrome River INVOICE offers a fully mobile invoice management solution that expedites invoice processing and supplier payments while increasing visibility of spend enabling AP teams to drive savings. Take your invoice management to the next level with an intuitive solution that simplifies the invoice management process. Suppliers will love how fast they will be paid. Approvers will love how easy it is to approve invoices, and AP teams will love how simple it is to use. By partnering with Chrome

    (73)4.5 out of 5
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    PaperSave, developed by WhiteOwl, simplifies document capture, approvals and automates transaction creation by offering an out of the box, seamless integration with many host solutions including: Blackbaud solutions (RENXT, FENXT and BBCRM), Microsoft Dynamics (GP, SL, D365 CRM and D365 Business Central) and Sage Intacct. Our native OCR captures data off of documents and validates it against the host application database, and then leverages the APIs to automate transaction creation in real-time

    (28)4.1 out of 5
    Optimized for quick response
    Entry Level Price:650-931-3200 ext. 1

    Coupa Invoicing software saves lots of trees. But the benefits of efficient, accurate, and timely invoice management and processing software goes far beyond saving your AP department from drowning in a sea of paper. With the Coupa online invoice management software solution, you’ll also strengthen supplier relationships, use resources more effectively, capture early payment discounts, increase compliance, and reduce business risk. With Coupa's electronic invoicing automatic capture and processi

    (64)4.5 out of 5
    Optimized for quick response

    MineralTree provides secure, easy-to-use, end-to-end Accounts Payable and payment automation solutions that reduce costs by more than 75%, increase visibility and control, mitigate fraud and risk, while improving cash flow. More than 2,000 mid-sized companies, as well as more than 25 financial institutions, rely on MineralTree to help transform the finance function from a cost center to a profit center. With MineralTree, you can be up and running in days or weeks.

    (181)3.9 out of 5

    Cloud-based solutions for collaborative spend, finance, and sales management. ERP and CRM systems are great, but they don't do much to improve interactions between businesses. For all your investments in technology, your B2B transactions are still managed with a fragmented array of applications and manual processes. Blocking your view, keeping costs and risks high, and hobbling your competitiveness. You need technology that makes trading partner collaboration easier and more efficient. Because

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    Check out the G2 Grid® for the top Invoice Management Software products. G2 scores products and sellers based on reviews gathered from our user community, as well as data aggregated from online sources and social networks. Together, these scores are mapped on our proprietary G2 Grid®, which you can use to compare products, streamline the buying process, and quickly identify the best products based on the experiences of your peers.
    Leaders
    High Performers
    Contenders
    Niche
    SAP Concur
    SAP Ariba
    Replicon
    PaperSave
    Coupa Invoicing
    Bill.com
    AvidXchange
    MineralTree
    Beanworks AP Automation
    Webexpenses
    Chrome River INVOICE by Emburse
    Plate IQ
    Spendesk
    Stampli
    Airbase
    Market Presence
    Satisfaction

    Learn More About Invoice Management Software

    What is Invoice Management Software?

    Invoice management software is responsible for processing, managing, and paying invoice documents from suppliers and vendors. This software helps to automate the processes of extracting invoice information, verifying and validating the information, approving or processing payments, and securely storing all relevant information either in the cloud, or on the vendors’ servers. It is important to have this data easily accessible for audits, compliance, and forecasting. Invoice management software sometimes provides features of finance and accounting software, including billing, procurement, accounts payable (AP) automation, and accounting software; integration with these other software types is also common.

    Key Benefits of Invoice Management Software

    • Extracts relevant data from invoices, such as amount due, supplier names, invoice and PO numbers, and due dates
    • Provides standard approval workflows that can be customized by users
    • Consolidates multiple invoices or splits one into multiple invoices
    • Matches invoices with purchases and sales orders as well as with payments
    • Syncs with company accounts to transfer payments for approved invoices
    • Stores invoice files along with approval and payment history

    Why Use Invoice Management Software?

    Faster invoice processing — Invoice management systems can speed up invoice processing times, reduce accounts payable expenses, and minimize human error. This can lead to lower costs per invoice, improved supplier relations, and fewer vendor payments issues. This can be accomplished by digitizing invoice processing, such as scanning or emailing invoices, and automatically matching purchase orders (POs) to invoices.

    Quicker approvals — When an invoice is digitized and added to a predetermined workflow, invoice management software can confirm which manager has the authority to approve the payment. This cuts down on wasted time from invoices being sent to supervisors who aren’t authorized to approve them and streamlines the approval process.

    Real-time reporting — Another value-added feature of invoice management software is its ability for managers to create and view analytical reports for further visibility into the volume of invoices, statuses, and any bottlenecks in the process. These reports can give teams insight into overdue payments, productivity, supplier payment tracking, and audit-related information.

    Rapid PO reconciliation — Invoice management technology tracks down missing invoices, receipts, shipping orders, etc., making it easier to reconcile multiple invoices, credit memos, and receipts from the same supplier. This software can also flag fraudulent invoices and incorrect pricing.

    Document capture and storage — This software sometimes allows the user to scan, fax, or take pictures of invoices for documentation and storage. It is helpful to have all documents digitized before any processing takes place, allowing easy access to all stakeholders.

    Security — Cloud-based invoice management software stores all documents and data in the cloud so everything is accessible from anywhere and data is not lost or misplaced. User access is customizable, ensuring only authorized employees can view confidential documents.

    Who Uses Invoice Management Software?

    Invoice management software can be used by any employee or team involved with receiving, approving, or paying invoices. This software can also be used by teams associated with items or services that the invoices are referencing. The teams that use this invoice the most are listed below.

    Accounting/finance departments — Accounting departments usually receive invoices and put them through an approval process, which includes matching the invoice information with the correct sales and purchase orders as well as making the payment. Invoice management software helps this workflow by scanning invoices, analyzing and importing data into the system, and transferring payments electronically. It also eliminates the need for paper records, manual data entry, and mailing checks.

    Procurement — Procurement teams are involved in purchasing items for their company, and therefore need to be involved with approving POs related to their purchases. Invoice management software helps to reduce the time and effort spent managing tasks such as receiving and matching orders and invoices, making payments and improving relations with vendors.

    Accounts payable teams — Sometimes part of the accounting team, AP teams are involved in managing invoices and financial transactions between a company and its suppliers. These teams can deal with large volumes of invoices, and invoice management software can assist them in not only monitoring AP processing activities, but also in reducing manual work and avoiding human errors.

    Kinds of Invoice Management Software

    Mobile — Mobile invoice management software is an application designed to be downloaded and accessed on a smart device. It gives employees the functionality to access data on the go and also enables managers to review and approve payments, and run various reports outside of working hours and an office environment.

    Online (or cloud-based) — Online software requires users to access the software dashboard via the vendor’s website so they can obtain information and leverage the functionalities offered by the vendor. This type of interface is good for companies and employees that can easily access a computer with internet to add or edit data, approve or reject payments, and run various reports.

    Invoice Management Software Features

    Invoice management software provides numerous features and functions. These systems automate most of the unproductive and costly steps in invoice processing, which help streamline processes, increase employee productivity and efficiency, and lower processing costs. Below are some of the most important features of this software.

    Intelligent capture and digitalization of invoice receipts — Users leverage invoice management software to automatically capture and digitize invoices. The software also includes features for downloading emails and attachments, while obtaining relevant information such as supplier names, invoice numbers, and PO numbers. This process reduces paperwork and eliminates the chore of manually downloading attachments and extracting data from the documents.

    Payment facilitation — With invoicing platforms, managing and processing payments has become easier as organizations have the option to pay via credit card, or integrate with online payment platforms. Invoicing software usually has features to handle multiple languages, multiple currencies, and tax adjustments. There is also the functionality to track offline payments.

    Reports generation — Invoice management software can generate reports that assist companies in tracking their finances and monitor which invoices are currently outstanding. Employees can also automate reports generation, export them as PDF files, and share or receive them by email. Reports are generated and data is analyzed to get relevant insights from invoicing operations, such as the number of outstanding invoices, average time for a payment cycle, and how many payments are late.

    Workflow management — Companies use invoice management software to route invoices to the appropriate department or manager within a company for approval or denial, or flag for further research. This software also allows managers to create an approval workflow that will electronically confirm whether a manager has the authority to approve a specific invoice. If not, the workflow will route the invoice to a more senior supervisor.

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