Accounts Payable (AP) Software
Accounts payable software (also called invoice processing software) enables companies to automate end-to-end invoice processing, an important part of accounts payable +Show More
| Products | Position | Customer satisfaction | |||
|---|---|---|---|---|---|
PairSoft |
Niche Player
|
Low
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PairSoft's solutions for procurement, AP automation, fundraising automation, and document management automate transactional tasks. PairSoft offers a comprehensive suite for document management, electronic workflow, and transaction automation. With PairSoft, users can automate purchase orders creation, invoice capture, AP payments, and approval workflows. The product offers integrations with ERPs like Microsoft Dynamics GP and 365 NetSuite, and Sage Intacct.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
100-200 employees
Company's social media followers
20k-30k followers
Features
Invoice extraction
✅
Company
Type of company
private
|
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QuickBooks Online |
Leader
|
Satisfactory
|
|
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Quicbooks Online offers features such as invoicing, expense tracking, payroll processing, and financial reporting. Businesses can manage their finances, monitor cash flows, and access their financial data through the web or mobile application.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
10k-20k employees
Company's social media followers
100k-1m followers
Total funding
$1-5bn
# of funding rounds
4
Latest funding date
September 12, 2023
Last funding amount
$1-5bn
Company
Type of company
public
Founding year
1983
|
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Patriot Payroll |
Leader
|
Satisfactory
|
|
||
|
Patriot Payroll offers features like direct deposit, tax calculations, tax filling and payroll reporting, allowing employers to automate their payroll processes.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
100-200 employees
Company's social media followers
5k-10k followers
|
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Ramp |
Leader
|
Satisfactory
|
|
||
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Number of case studies
10-20 case studies
Company's number of employees
20-30 employees
Company's social media followers
5k-10k followers
Total funding
$1-5bn
# of funding rounds
10
Latest funding date
April 17, 2024
Last funding amount
$100-250m
Company
Type of company
private
Founding year
2019
|
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Emburse |
Leader
|
Satisfactory
|
|
||
|
Emburse is a spend optimization and accounts payable automation platform. It offers tools in expense reporting, approval workflows, and spend control. Through integration with ERP systems, Emburse can help businesses to track and manage employee expenditures, automate invoice processing, and gain insights into spending patterns.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Number of case studies
50-100 case studies
Company's number of employees
400-1k employees
Company's social media followers
10k-20k followers
Total funding
$100,000-250,000
# of funding rounds
2
Latest funding date
July 15, 2019
Company
Type of company
private
Founding year
2014
|
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Sage Intacct |
Leader
|
Satisfactory
|
|
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|
Sage Intacct offers a range of features such as real-time financial reporting, automation of financial processes, and multi-dimensional data analysis. Its service area also includes general ledger, accounts payable, cash management, and order management.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Number of case studies
200-300 case studies
Company's number of employees
10k-20k employees
Company's social media followers
100k-1m followers
Company
Type of company
private
Founding year
1981
|
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SAP Concur |
Challenger
|
Satisfactory
|
|
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SAP Concur is a leading cloud-based travel, expense, and invoice management software. SAP can integrate the expense data into a connected ecosystem. The platform offers tools for automating and optimizing business spend, from travel booking to expense reporting and supplier invoice processing.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
100k-1m employees
Company's social media followers
4m-5m followers
Total funding
$1-5bn
# of funding rounds
2
Latest funding date
April 24, 2019
Last funding amount
$1-5bn
Company
Type of company
public
Founding year
1972
|
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OnPay |
Challenger
|
Satisfactory
|
|
||
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Company's number of employees
100-200 employees
Company's social media followers
5k-10k followers
Total funding
$5-10m
# of funding rounds
1
Latest funding date
January 13, 2020
Last funding amount
$5-10m
Company
Type of company
private
Founding year
2011
|
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Airbase |
Challenger
|
Satisfactory
|
|
||
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Number of case studies
30-40 case studies
Company's number of employees
400-1k employees
Company's social media followers
40k-50k followers
Total funding
$250-500m
# of funding rounds
5
Latest funding date
July 15, 2022
Last funding amount
$100-250m
Company
Type of company
private
Founding year
2017
|
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Acumatica |
Challenger
|
Satisfactory
|
|
||
|
Acumatica Cloud ERP offers best-in-class functionality for small and mid-sized businesses to thrive in the digital economy. Its workflows span the full suite of business management applications, and it is built with open APIs for rapid integrations with other critical software. Its consumption-based licensing charges for resources used, not per user, and its future-proof platform drives value and provides flexibility, efficiency, and remote collaboration. Connected Business. Delivered. Rapid Integrations. Delivered. Remote Collaboration. Delivered. Business Resilience. Delivered. Future-proof platform. Delivered.
Basis for EvaluationWe made these evaluations based on the following parameters; Customer satisfaction
Average rating
Market presence
Number of case studies
50-100 case studies
Company's number of employees
400-1k employees
Company's social media followers
100k-1m followers
Total funding
$10-50m
# of funding rounds
5
Latest funding date
June 18, 2018
Last funding amount
$10-50m
Company
Type of company
private
Founding year
2006
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“-”: AIMultiple team has not yet verified that vendor provides the specified feature. AIMultiple team focuses on feature verification for top 10 vendors.
Sources
AIMultiple uses these data sources for ranking solutions and awarding badges in accounts payable software:
Accounts Payable Leaders
According to the weighted combination of 4 metrics
What are accounts payable
customer satisfaction leaders?
Taking into account the latest metrics outlined below, these are the current accounts payable customer satisfaction leaders:
Which accounts payable solution provides the most customer satisfaction?
AIMultiple uses product and service reviews from multiple review platforms in determining customer satisfaction.
While deciding a product's level of customer satisfaction, AIMultiple takes into account its number of reviews, how reviewers rate it and the recency of reviews.
- Number of reviews is important because it is easier to get a small number of high ratings than a high number of them.
- Recency is important as products are always evolving.
- Reviews older than 5 years are not taken into consideration
- older than 12 months have reduced impact in average ratings in line with their date of publishing.
What are accounts payable
market leaders?
Taking into account the latest metrics outlined below, these are the current accounts payable market leaders:
Which one has collected the most reviews?
AIMultiple uses multiple datapoints in identifying market leaders:
- Product line revenue (when available)
- Number of reviews
- Number of case studies
- Number and experience of employees
- Social media presence and engagement
What are the most mature accounts payable software?
Which one has the most employees?
Which accounts payable companies have the most employees?
106 employees work for a typical company in this solution category which is 83 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 137 companies with >10 employees are offering accounts payable software. Top 3 products are developed by companies with a total of 300k employees. The largest company in this domain is DataScience with more than 100,000 employees. DataScience provides the accounts payable solution: Oracle Financials Cloud
Insights
What are the most common words describing accounts payable software?
This data is collected from customer reviews for all accounts payable companies. The most positive word describing accounts payable software is “Easy to use” that is used in 11% of the reviews. The most negative one is “Difficult” with which is used in 3% of all the accounts payable reviews.
What is the average customer size?
According to customer reviews, most common company size for accounts payable customers is 51-1,000 employees. Customers with 51-1,000 employees make up 36% of accounts payable customers. For an average Finance solution, customers with 51-1,000 employees make up 13% of total customers.
Customer Evaluation
These scores are the average scores collected from customer reviews for all accounts payable software. Accounts Payable Software are most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
Where are accounts payable vendors' HQs located?
Trends
What is the level of interest in accounts payable software?
This category was searched on average for 2.1k times per month on search engines in 2024. This number has decreased to 0 in 2025. If we compare with other finance solutions, a typical solution was searched 886 times in 2024 and this decreased to 0 in 2025.
Learn more about Accounts Payable Software
Accounts Payable (AP) software is a digital solution designed to automate the invoice approval, payment processing, and expense tracking processes within a company. By utilizing unique sets of instructions for each operation, accounts payable (AP) software streamlines the whole payment process for businesses.
With the help of AP software, businesses can optimize their financial processes, reduce the number of manual operations required, cut down on errors, and gain better insight into where the revenue is going. This has the potential to reduce expenses and boost the effectiveness of the fiscal organization.
AP software is often used to automate:
- Managing vendor data: Accounts payable software can be used to manage mastar data records for supplier, making sure accounts payable team is aware of whom they should make payments to.
- Receiving and processing invoices: Accounts payable software can help process of scanning and categorization of received invoices. The sofware can also be used in capturing relevant data from invoices and validation of them afterwards.
- Creating accounting entry: Once validations are completed, accountants need to create new ledger entries based on the invoice. if all data in the invoice is captured, a machine learning model can be built to predict accounts from invoices.
- Tracking and scheduling payments: While some software can track payments, others can automate processes such as invoice approval, and create time for accounts payable department to focus on payment times more.
While both may manage financial information, AP software is designed to streamline the entire invoicing and payment process. On the other hand, general accounting software provide features for managing a wider range of financial transactions, including but not limited to accounts payable.
Most AP software is compatible with a wide variety of other programs, including ERP systems, CRM applications, and financial management programs. Integrating these systems improves communication and gives businesses a more complete picture of their financial situation.